LPL Financial (NASDAQ:LPLA) issued its quarterly earnings data on Thursday. The financial services provider reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.11, MarketWatch Earnings reports. LPL Financial had a return on equity of 55.32% and a net margin of 9.06%. The business had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.38 billion.

Shares of LPLA traded down $0.24 during mid-day trading on Friday, reaching $79.02. The company’s stock had a trading volume of 1,992,024 shares, compared to its average volume of 519,591. The business has a fifty day moving average of $77.51 and a 200 day moving average of $73.48. The company has a market cap of $6.23 billion, a price-to-earnings ratio of 12.56 and a beta of 1.59. LPL Financial has a 1 year low of $32.01 and a 1 year high of $99.60. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 2.69.

LPLA has been the subject of a number of recent analyst reports. Morgan Stanley increased their price target on LPL Financial from $102.00 to $103.00 and gave the company an “overweight” rating in a research note on Friday. TheStreet raised LPL Financial from a “c+” rating to a “b-” rating in a research note on Tuesday, May 26th. Citigroup increased their price target on LPL Financial from $95.00 to $100.00 and gave the company a “buy” rating in a research note on Monday, June 15th. Zacks Investment Research raised LPL Financial from a “sell” rating to a “hold” rating and set a $55.00 price target for the company in a research note on Tuesday, May 12th. Finally, Wells Fargo & Co increased their price target on LPL Financial from $70.00 to $83.00 and gave the company an “overweight” rating in a research note on Friday, July 10th. Three equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $84.20.

In other news, Director Richard Steinmeier sold 5,418 shares of the stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $86.02, for a total value of $466,056.36. Following the completion of the sale, the director now owns 57,175 shares in the company, valued at $4,918,193.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Dan H. Arnold sold 20,000 shares of the company’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $85.70, for a total transaction of $1,714,000.00. Following the completion of the transaction, the chief executive officer now directly owns 232,159 shares in the company, valued at $19,896,026.30. The disclosure for this sale can be found here. 2.30% of the stock is owned by corporate insiders.

LPL Financial Company Profile

LPL Financial Holdings Inc, together with its subsidiaries, provides an integrated platform of brokerage and investment advisory services to independent financial advisors and financial advisors at financial institutions in the United States. Its brokerage offerings include variable and fixed annuities, mutual funds, equities, retirement and 529 education savings plans, fixed income, and insurance, as well as alternative investments, such as non-traded real estate investment trusts and business development companies.

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Earnings History for LPL Financial (NASDAQ:LPLA)

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