In a report released today, Devin Ryan from JMP Securities maintained a Buy rating on LPL Financial (LPLA – Research Report), with a price target of $310.00. The company’s shares opened today at $224.48.
According to TipRanks, Ryan is a top 100 analyst with an average return of 21.6% and a 67.20% success rate. Ryan covers the Financial sector, focusing on stocks such as LPL Financial, Piper Sandler, and Stifel Financial.
In addition to JMP Securities, LPL Financial also received a Buy from Barclays’s Benjamin Budish in a report issued today. However, on the same day, TD Cowen maintained a Hold rating on LPL Financial (NASDAQ: LPLA).
Based on LPL Financial’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $751.34 million and a net profit of $243.8 million. In comparison, last year the company earned a revenue of $620.48 million and had a net profit of $285.52 million
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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.
