LPL Financial Holdings Inc. (NASDAQ:LPLA) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. lessened its holdings in shares of LPL Financial Holdings Inc. (NASDAQ:LPLA) by 6.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,929 shares of the financial services provider’s stock after selling 133 shares during the quarter. Vontobel Holding Ltd.’s holdings in LPL Financial were worth $631,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Boston Partners boosted its position in shares of LPL Financial by 26.0% during the 4th quarter. Boston Partners now owns 3,905,541 shares of the financial services provider’s stock valued at $1,278,454,000 after acquiring an additional 805,637 shares during the last quarter. Janus Henderson Group PLC boosted its position in shares of LPL Financial by 20.6% during the 4th quarter. Janus Henderson Group PLC now owns 3,050,529 shares of the financial services provider’s stock valued at $996,032,000 after acquiring an additional 522,032 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of LPL Financial by 2.2% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,660,736 shares of the financial services provider’s stock valued at $868,757,000 after acquiring an additional 57,485 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of LPL Financial by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 1,459,942 shares of the financial services provider’s stock valued at $475,946,000 after acquiring an additional 23,111 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of LPL Financial by 57.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,115,708 shares of the financial services provider’s stock valued at $364,290,000 after acquiring an additional 405,341 shares during the last quarter. Institutional investors and hedge funds own 95.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Barclays boosted their price target on shares of LPL Financial from $400.00 to $450.00 and gave the company an “overweight” rating in a research report on Monday, June 9th. Morgan Stanley boosted their price objective on shares of LPL Financial from $330.00 to $450.00 and gave the company an “overweight” rating in a report on Wednesday, May 21st. Redburn Atlantic upgraded shares of LPL Financial from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $420.00 to $460.00 in a report on Monday, June 9th. Wall Street Zen lowered shares of LPL Financial from a “buy” rating to a “hold” rating in a report on Saturday, June 14th. Finally, Citigroup lowered shares of LPL Financial from a “buy” rating to a “neutral” rating and set a $400.00 price objective on the stock. in a report on Monday, June 9th. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $387.69.

LPL Financial Stock Up 2.1%

Shares of NASDAQ:LPLA opened at $384.27 on Monday. The company has a debt-to-equity ratio of 1.82, a current ratio of 2.31 and a quick ratio of 2.31. The firm has a market capitalization of $30.73 billion, a PE ratio of 26.59, a price-to-earnings-growth ratio of 1.05 and a beta of 0.64. The firm’s 50-day moving average is $368.80 and its two-hundred day moving average is $348.42. LPL Financial Holdings Inc. has a 1 year low of $187.19 and a 1 year high of $390.23.

LPL Financial (NASDAQ:LPLA) last issued its quarterly earnings results on Thursday, May 8th. The financial services provider reported $5.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.54 by $0.61. The company had revenue of $3.67 billion for the quarter, compared to analyst estimates of $3.63 billion. LPL Financial had a net margin of 8.23% and a return on equity of 46.34%. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.83 earnings per share. Analysts predict that LPL Financial Holdings Inc. will post 19.35 EPS for the current year.

LPL Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 12th. Stockholders of record on Friday, May 30th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.31%. The ex-dividend date was Friday, May 30th. LPL Financial’s dividend payout ratio is presently 8.30%.

LPL Financial 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.