LPL Financial Holdings Inc. (NASDAQ:LPLA) Shares Sold by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado lessened its holdings in shares of LPL Financial Holdings Inc. (NASDAQ:LPLAFree Report) by 84.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,749 shares of the financial services provider’s stock after selling 45,954 shares during the period. Public Employees Retirement Association of Colorado’s holdings in LPL Financial were worth $1,991,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of LPLA. Annex Advisory Services LLC acquired a new stake in shares of LPL Financial during the 4th quarter worth approximately $2,780,000. Crossmark Global Holdings Inc. grew its stake in LPL Financial by 17.6% during the 4th quarter. Crossmark Global Holdings Inc. now owns 4,597 shares of the financial services provider’s stock worth $1,046,000 after buying an additional 689 shares during the last quarter. Blueshift Asset Management LLC acquired a new stake in LPL Financial in the fourth quarter worth $227,000. CIBC Private Wealth Group LLC lifted its stake in LPL Financial by 45.6% in the fourth quarter. CIBC Private Wealth Group LLC now owns 9,724 shares of the financial services provider’s stock valued at $2,213,000 after buying an additional 3,046 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of LPL Financial by 1,911.4% during the fourth quarter. The Manufacturers Life Insurance Company now owns 99,703 shares of the financial services provider’s stock valued at $22,694,000 after acquiring an additional 94,746 shares during the period. Institutional investors and hedge funds own 95.66% of the company’s stock.

LPL Financial Trading Down 0.0 %

Shares of LPL Financial stock opened at $280.06 on Monday. LPL Financial Holdings Inc. has a fifty-two week low of $195.59 and a fifty-two week high of $287.80. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 1.70. The business has a fifty day simple moving average of $269.46 and a 200-day simple moving average of $252.51. The firm has a market cap of $20.92 billion, a price-to-earnings ratio of 21.15, a price-to-earnings-growth ratio of 1.12 and a beta of 0.89.

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

LPL Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 4th. Investors of record on Tuesday, May 21st were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date was Monday, May 20th. LPL Financial’s payout ratio is 9.06%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on LPLA shares. UBS Group increased their price objective on shares of LPL Financial from $260.00 to $267.00 and gave the stock a “neutral” rating in a report on Wednesday, February 14th. JPMorgan Chase & Co. lifted their price target on LPL Financial from $254.00 to $260.00 and gave the company a “neutral” rating in a report on Tuesday, April 2nd. Raymond James started coverage on LPL Financial in a research report on Thursday, April 4th. They issued an “underperform” rating on the stock. JMP Securities reaffirmed a “market outperform” rating and set a $305.00 target price on shares of LPL Financial in a research note on Wednesday, May 1st. Finally, Barclays increased their price target on LPL Financial from $302.00 to $312.00 and gave the stock an “overweight” rating in a research note on Monday, April 8th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, LPL Financial presently has an average rating of “Hold” and an average target price of $276.20.

Read Our Latest Research Report on LPLA

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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