1,183 Shares in LPL Financial Holdings Inc. (NASDAQ:LPLA) Acquired by Vinva Investment Management Ltd

Vinva Investment Management Ltd purchased a new position in shares of LPL Financial Holdings Inc. (NASDAQ:LPLAFree Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 1,183 shares of the financial services provider’s stock, valued at approximately $270,000.

Other large investors have also made changes to their positions in the company. Mawer Investment Management Ltd. acquired a new stake in shares of LPL Financial during the 4th quarter worth approximately $3,375,000. Hudson Bay Capital Management LP boosted its position in shares of LPL Financial by 42.9% during the 3rd quarter. Hudson Bay Capital Management LP now owns 50,000 shares of the financial services provider’s stock worth $11,882,000 after acquiring an additional 15,000 shares in the last quarter. Asset Management One Co. Ltd. boosted its position in shares of LPL Financial by 15.5% during the 4th quarter. Asset Management One Co. Ltd. now owns 34,863 shares of the financial services provider’s stock worth $7,965,000 after acquiring an additional 4,686 shares in the last quarter. NewEdge Wealth LLC boosted its position in shares of LPL Financial by 228.6% during the 4th quarter. NewEdge Wealth LLC now owns 55,827 shares of the financial services provider’s stock worth $12,707,000 after acquiring an additional 38,839 shares in the last quarter. Finally, Boston Partners boosted its position in shares of LPL Financial by 21.5% during the 4th quarter. Boston Partners now owns 1,026,721 shares of the financial services provider’s stock worth $233,744,000 after acquiring an additional 181,594 shares in the last quarter. Institutional investors and hedge funds own 95.66% of the company’s stock.

LPL Financial Price Performance

Shares of NASDAQ LPLA opened at $280.06 on Friday. LPL Financial Holdings Inc. has a twelve month low of $195.59 and a twelve month high of $287.80. The firm has a fifty day simple moving average of $269.46 and a 200 day simple moving average of $252.32. The company has a market capitalization of $20.92 billion, a PE ratio of 21.15, a P/E/G ratio of 1.12 and a beta of 0.89. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 1.70.

LPL Financial (NASDAQ:LPLAGet Free Report) last posted its quarterly earnings results on Tuesday, April 30th. The financial services provider reported $4.21 earnings per share for the quarter, beating the consensus estimate of $3.77 by $0.44. LPL Financial had a net margin of 9.71% and a return on equity of 55.22%. The firm had revenue of $2.83 billion during the quarter, compared to the consensus estimate of $2.68 billion. On average, sell-side analysts forecast that LPL Financial Holdings Inc. will post 15.85 EPS for the current year.

LPL Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 4th. Shareholders of record on Tuesday, May 21st were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.43%. The ex-dividend date of this dividend was Monday, May 20th. LPL Financial’s dividend payout ratio (DPR) is currently 9.06%.

Analyst Ratings Changes

A number of analysts have weighed in on LPLA shares. Barclays raised their target price on shares of LPL Financial from $302.00 to $312.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. UBS Group raised their price target on shares of LPL Financial from $260.00 to $267.00 and gave the company a “neutral” rating in a research note on Wednesday, February 14th. JPMorgan Chase & Co. raised their price target on shares of LPL Financial from $254.00 to $260.00 and gave the company a “neutral” rating in a research note on Tuesday, April 2nd. JMP Securities reaffirmed a “market outperform” rating and set a $305.00 price target on shares of LPL Financial in a research note on Wednesday, May 1st. Finally, Morgan Stanley raised shares of LPL Financial from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $254.00 to $315.00 in a research note on Tuesday, April 9th. One analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $276.20.

Check Out Our Latest Stock Analysis on LPL Financial

LPL Financial Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for LPL Financial (NASDAQ:LPLA)

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