LPL Financial stock is trading -17.07% below its average target price of $277.77 after marking a 3.8% during today's morning session. Analysts are giving the Large-Cap Capital Markets company an average rating of buy and target prices ranging from $215.0 to $325.0 per share.
The stock has a very low short interest at 1.7%, and a short ratio of 1.72. The company's insiders own 0.69% 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 97.4% of LPL Financial's shares being owned by this investor type.
Institutions Invested in LPL Financial
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-06-30 | Vanguard Group Inc | 10% | 7,187,868 | $1,655,725,437 |
| 2024-06-30 | Blackrock Inc. | 7% | 5,302,759 | $1,221,490,568 |
| 2024-06-30 | FMR, LLC | 4% | 2,671,896 | $615,471,259 |
| 2024-06-30 | Kayne Anderson Rudnick Investment Management LLC | 3% | 2,589,793 | $596,558,833 |
| 2024-06-30 | Janus Henderson Group PLC | 3% | 2,542,185 | $585,592,330 |
| 2024-06-30 | Price (T.Rowe) Associates Inc | 3% | 2,099,916 | $483,715,663 |
| 2024-06-30 | Boston Partners | 3% | 1,887,189 | $434,713,997 |
| 2024-06-30 | State Street Corporation | 2% | 1,702,972 | $392,279,610 |
| 2024-06-30 | Lone Pine Capital Llc | 2% | 1,685,070 | $388,155,884 |
| 2024-06-30 | WCM Investment Management, LLC | 2% | 1,663,718 | $383,237,451 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on LPL Financial.
