Fintel reports that on January 7, 2025, JP Morgan upgraded their outlook for LPL Financial Holdings (NasdaqGS:LPLA) from Neutral to Overweight.
Analyst Price Forecast Suggests 3.53% Upside
As of December 23, 2024, the average one-year price target for LPL Financial Holdings is $348.40/share. The forecasts range from a low of $282.80 to a high of $433.65. The average price target represents an increase of 3.53% from its latest reported closing price of $336.53 / share.
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The projected annual revenue for LPL Financial Holdings is 11,297MM, a decrease of 1.91%. The projected annual non-GAAP EPS is 27.56.
What is the Fund Sentiment?
There are 1,275 funds or institutions reporting positions in LPL Financial Holdings. This is an decrease of 29 owner(s) or 2.22% in the last quarter. Average portfolio weight of all funds dedicated to LPLA is -9.74%, an increase of 2,514.96%. Total shares owned by institutions increased in the last three months by 3.32% to 87,397K shares. 
The put/call ratio of LPLA is 1.22, indicating a bearish outlook.
What are Other Shareholders Doing?
Boston Partners holds 3,100K shares representing 4.14% ownership of the company. In its prior filing, the firm reported owning 1,887K shares , representing an increase of 39.12%. The firm decreased its portfolio allocation in LPLA by 46.85% over the last quarter.
Kayne Anderson Rudnick Investment Management holds 2,603K shares representing 3.48% ownership of the company. In its prior filing, the firm reported owning 2,590K shares , representing an increase of 0.52%. The firm decreased its portfolio allocation in LPLA by 46.68% over the last quarter.
Janus Henderson Group holds 2,528K shares representing 3.38% ownership of the company. In its prior filing, the firm reported owning 2,542K shares , representing a decrease of 0.54%. The firm decreased its portfolio allocation in LPLA by 72.51% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 2,367K shares representing 3.16% ownership of the company. In its prior filing, the firm reported owning 2,353K shares , representing an increase of 0.58%. The firm decreased its portfolio allocation in LPLA by 21.31% over the last quarter.
Lone Pine Capital holds 2,180K shares representing 2.91% ownership of the company. In its prior filing, the firm reported owning 1,685K shares , representing an increase of 22.71%. The firm decreased its portfolio allocation in LPLA by 0.89% over the last quarter.
LPL Financial Holdings Background Information
(This description is provided by the company.)
LPL Financial is a leader in the retail financial advice market and the nation's largest independent broker/dealer*. The Company 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 thriving practices. LPL enables them to provide objective guidance to millions of American families seeking wealth management, retirement planning, financial planning and asset management solutions.
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This story originally appeared on Fintel.
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