Robeco Institutional Asset Management B.V. Increases Stock Holdings in LPL Financial Holdings Inc. $LPLA

Robeco Institutional Asset Management B.V. increased its holdings in LPL Financial Holdings Inc. (NASDAQ:LPLA) by 18.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,470 shares of the financial services provider’s stock after buying an additional 2,251 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in LPL Financial were worth $4,814,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Cullen Frost Bankers Inc. raised its position in LPL Financial by 9.9% during the second quarter. Cullen Frost Bankers Inc. now owns 301 shares of the financial services provider’s stock worth $113,000 after acquiring an additional 27 shares during the last quarter. Camden National Bank raised its position in shares of LPL Financial by 3.1% during the 2nd quarter. Camden National Bank now owns 967 shares of the financial services provider’s stock worth $363,000 after purchasing an additional 29 shares during the last quarter. Perennial Investment Advisors LLC lifted its stake in LPL Financial by 4.0% in the 2nd quarter. Perennial Investment Advisors LLC now owns 804 shares of the financial services provider’s stock valued at $302,000 after buying an additional 31 shares in the last quarter. Magnolia Private Wealth LLC lifted its stake in LPL Financial by 2.0% in the 2nd quarter. Magnolia Private Wealth LLC now owns 1,662 shares of the financial services provider’s stock valued at $623,000 after buying an additional 33 shares in the last quarter. Finally, PUREfi Wealth LLC grew its holdings in LPL Financial by 4.7% during the 3rd quarter. PUREfi Wealth LLC now owns 732 shares of the financial services provider’s stock valued at $244,000 after buying an additional 33 shares during the last quarter. 95.66% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on LPLA shares. Rothschild & Co Redburn cut LPL Financial from a “buy” rating to a “neutral” rating and set a $390.00 price target for the company. in a report on Friday, September 19th. BMO Capital Markets initiated coverage on LPL Financial in a research report on Friday, October 3rd. They set an “outperform” rating and a $365.00 price objective for the company. Wolfe Research set a $486.00 target price on shares of LPL Financial in a report on Wednesday. Citigroup reaffirmed an “outperform” rating on shares of LPL Financial in a research note on Friday, October 31st. Finally, UBS Group reissued a “neutral” rating and issued a $406.00 price objective on shares of LPL Financial in a research report on Thursday, December 11th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $430.13.

LPL Financial Price Performance

LPLA stock opened at $359.82 on Friday. The company has a market cap of $28.80 billion, a PE ratio of 33.13, a price-to-earnings-growth ratio of 0.75 and a beta of 0.57. The company has a current ratio of 2.60, a quick ratio of 2.60 and a debt-to-equity ratio of 1.49. The stock has a 50-day moving average price of $365.75 and a two-hundred day moving average price of $358.90. LPL Financial Holdings Inc. has a 12-month low of $262.83 and a 12-month high of $403.58.

LPL Financial (NASDAQ:LPLA) last released its quarterly earnings data on Thursday, October 30th. The financial services provider reported $5.20 earnings per share for the quarter, beating the consensus estimate of $4.49 by $0.71. LPL Financial had a return on equity of 36.80% and a net margin of 5.35%.The business had revenue of $4.55 billion for the quarter, compared to analyst estimates of $4.08 billion. During the same period in the previous year, the company posted $4.16 EPS. The company’s revenue was up 46.4% compared to the same quarter last year. As a group, research analysts predict that LPL Financial Holdings Inc. will post 19.35 EPS for the current year.

LPL Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Thursday, November 13th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.3%. The ex-dividend date was Thursday, November 13th. LPL Financial’s payout ratio is currently 11.05%.

Insider Transactions at LPL Financial

In other news, CEO Richard Steinmeier sold 5,058 shares of the firm’s stock in a transaction on Friday, December 5th. The shares were sold at an average price of $370.99, for a total value of $1,876,467.42. Following the transaction, the chief executive officer owned 9,326 shares of the company’s stock, valued at approximately $3,459,852.74. This trade represents a 35.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Aneri Jambusaria sold 80 shares of the company’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $352.48, for a total transaction of $28,198.40. Following the sale, the director directly owned 5,502 shares of the company’s stock, valued at approximately $1,939,344.96. This trade represents a 1.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 7,388 shares of company stock valued at $2,747,538 over the last 90 days. Corporate insiders own 1.30% of the company’s stock.

LPL Financial Company Profile

LPL Financial (NASDAQ: LPLA) is a U.S.-focused financial services firm that provides brokerage, custodial and advisory platforms to independent financial advisors, registered investment advisers and institutions. Operating primarily as an independent broker-dealer and custodian, the company supports a network of advisors with the operational, compliance and clearing infrastructure needed to manage client accounts and deliver investment advice outside of traditional wirehouse models.

The firm’s product and service offerings include trade execution and clearing, custody services, retirement plan services, model portfolio and advisory platforms, wealth management technology, investment research and product access across equities, fixed income, mutual funds, exchange-traded funds and insurance and annuity solutions.