In a report released yesterday, Craig Siegenthaler from Credit Suisse maintained a Buy rating on LPL Financial (LPLA), with a price target of $91. The company’s shares closed yesterday at $76.06, close to its 52-week high of $76.91.
According to TipRanks.com, Siegenthaler is a 4-star analyst with an average return of 5.0% and a 59.5% success rate. Siegenthaler covers the Financial sector, focusing on stocks such as Raymond James Financial, WisdomTree Investments, and Affiliated Managers.
Currently, the analyst consensus on LPL Financial is a Strong Buy with an average price target of $84, a 10.4% upside from current levels. In a report issued on February 1, Citigroup also maintained a Buy rating on the stock with a $100 price target.
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The company has a one-year high of $76.91 and a one-year low of $52.03. Currently, LPL Financial has an average volume of 785.6K.
Based on the recent corporate insider activity of 92 insiders, corporate insider sentiment is negative on the stock. Most recently, in December 2018, Thomas Gooley, the Managing Director of LPLA sold 29,876 shares for a total of $1,814,071.
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LPL Financial Holdings, Inc. engages in the provision of technology, brokerage, and investment advisory services. It provides an integrated platform of brokerage and investment advisory services to independent financial advisors and financial advisors in financial institutions. The company was founded in 1989 and is headquartered in Boston, MA.