Barclays Reaffirms Their Buy Rating on LPL Financial (LPLA)

Barclays analyst Benjamin Budish maintained a Buy rating on LPL Financial (LPLA – Research Report) today and set a price target of $312.00. The company’s shares closed last Friday at $260.30.

Budish covers the Financial sector, focusing on stocks such as Coinbase Global, Blackstone Group, and Interactive Brokers. According to TipRanks, Budish has an average return of 5.2% and a 68.07% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for LPL Financial with a $283.90 average price target, a 9.07% upside from current levels. In a report released on March 21, KBW also maintained a Buy rating on the stock with a $283.00 price target.

LPLA market cap is currently $19.38B and has a P/E ratio of 19.01.

Based on the recent corporate insider activity of 76 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LPLA in relation to earlier this year.

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LPL Financial (LPLA) Company Description:

LPL Financial Holdings, Inc. serves independent financial advisors and financial institutions, providing them with the technology, research, clearing and compliance services, and practice management programs they need to create and grow their practices. It provide objective financial guidance to millions of American families seeking wealth management, retirement planning, financial planning and asset management solutions. The company was founded in 1989 and is headquartered in San Diego, CA.