This afternoon we watched LPL Financial rise 2.2% to a price of $231.92 per share. The large-cap Capital Markets company is now trading -13.39% below its average target price of $267.77. Analysts have set target prices ranging from $220 to $290 per share for LPL Financial, and have given the stock an average rating of buy.
The stock has an average amount of shares sold short at 2.8%, and a short ratio of 2.45. The company's insiders own 0.59% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that a significant number of institutional investors are invested in the stock, with 97.9% of LPL Financial's shares being owned by this investor type.
Institutions Invested in LPL Financial
| Holder | Shares | Date Reported | Percentage | Value |
|---|---|---|---|---|
| Vanguard Group, Inc. (The) | 7,121,019 | 2022-09-29 | 9% | $1,651,506,713 |
| Janus Henderson Group PLC | 5,777,092 | 2022-09-29 | 7% | $1,339,823,166 |
| Blackrock Inc. | 4,836,280 | 2022-09-29 | 6% | $1,121,630,048 |
| Capital Research Global Investors | 2,764,551 | 2022-09-29 | 3% | $641,154,662 |
| Kayne Anderson Rudnick Investment Management LLC | 2,705,495 | 2022-09-29 | 3% | $627,458,395 |
| Wellington Management Group, LLP | 2,422,695 | 2022-09-29 | 3% | $561,871,419 |
| WCM Investment Management, LLC | 2,394,492 | 2022-09-29 | 3% | $555,330,580 |
| FMR, LLC | 2,166,991 | 2022-09-29 | 3% | $502,568,548 |
| Lone Pine Capital Llc | 1,980,362 | 2022-09-29 | 2% | $459,285,551 |
| Clarkston Capital Partners LLC | 1,860,718 | 2022-09-29 | 2% | $431,537,715 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on LPL Financial.
