LPL Financial Holdings Inc. (NASDAQ:LPLA) Shares Bought by National Pension Service

National Pension Service lifted its position in shares of LPL Financial Holdings Inc. (NASDAQ:LPLA) by 4.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 117,724 shares of the financial services provider’s stock after buying an additional 4,524 shares during the period. National Pension Service owned approximately 0.16% of LPL Financial worth $27,386,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in LPLA. Kayne Anderson Rudnick Investment Management LLC increased its stake in LPL Financial by 9.9% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,589,793 shares of the financial services provider’s stock worth $723,329,000 after acquiring an additional 233,242 shares during the last quarter. Boston Partners increased its position in shares of LPL Financial by 71.9% during the 1st quarter. Boston Partners now owns 1,765,230 shares of the financial services provider’s stock worth $466,434,000 after purchasing an additional 738,509 shares during the last quarter. Samlyn Capital LLC raised its holdings in LPL Financial by 8.0% in the 2nd quarter. Samlyn Capital LLC now owns 1,194,715 shares of the financial services provider’s stock valued at $333,684,000 after buying an additional 88,635 shares during the period. TD Asset Management Inc lifted its position in LPL Financial by 33.2% in the first quarter. TD Asset Management Inc now owns 1,103,655 shares of the financial services provider’s stock valued at $291,586,000 after buying an additional 275,286 shares during the last quarter. Finally, Epoch Investment Partners Inc. increased its position in shares of LPL Financial by 19.8% during the first quarter. Epoch Investment Partners Inc. now owns 927,369 shares of the financial services provider’s stock valued at $245,011,000 after acquiring an additional 153,072 shares during the last quarter. Institutional investors and hedge funds own 95.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Barclays increased their price objective on shares of LPL Financial from $273.00 to $311.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. Jefferies Financial Group decreased their price target on shares of LPL Financial from $309.00 to $282.00 and set a “buy” rating for the company in a research report on Friday, October 4th. JMP Securities reaffirmed a “market outperform” rating and set a $310.00 price objective on shares of LPL Financial in a research report on Wednesday, October 9th. Wells Fargo & Company raised LPL Financial from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $235.00 to $285.00 in a research note on Wednesday, October 9th. Finally, JPMorgan Chase & Co. increased their price target on LPL Financial from $261.00 to $268.00 and gave the company a “neutral” rating in a research report on Thursday, July 11th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, LPL Financial has an average rating of “Moderate Buy” and an average price target of $286.92.

LPL Financial Trading Down 1.1 %

NASDAQ:LPLA opened at $304.90 on Friday. The company has a quick ratio of 2.16, a current ratio of 2.16 and a debt-to-equity ratio of 1.77. LPL Financial Holdings Inc. has a 52-week low of $187.19 and a 52-week high of $309.00. The stock’s 50 day moving average price is $240.71 and its 200 day moving average price is $249.45. The company has a market capitalization of $22.79 billion, a PE ratio of 22.92, a P/E/G ratio of 1.34 and a beta of 0.85.

LPL Financial (NASDAQ:LPLA) last released its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $4.16 EPS for the quarter, beating the consensus estimate of $3.69 by $0.47. LPL Financial had a net margin of 8.73% and a return on equity of 52.08%. The firm had revenue of $3.11 billion during the quarter, compared to the consensus estimate of $3.04 billion. During the same quarter in the prior year, the firm earned $3.74 EPS. LPL Financial’s revenue for the quarter was up 6.0% on a year-over-year basis. On average, research analysts anticipate that LPL Financial Holdings Inc. will post 16.03 EPS for the current year.

LPL Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Thursday, November 14th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.39%. The ex-dividend date is Thursday, November 14th. LPL Financial’s dividend payout ratio is presently 9.02%.

LPL Financial Company Profile

LPL Financial Holdings Inc, together with its subsidiaries, provides an integrated platform of brokerage and investment advisory services to independent financial advisors and financial advisors at enterprises in the United States. Its brokerage offerings include variable and fixed annuities, mutual funds, equities, fixed income, alternative investments, retirement and 529 education savings plans, and insurance.