LPL Financial Holdings Inc. (NASDAQ:LPLA) Stock Holdings Raised by Barclays PLC

Barclays PLC lifted its holdings in LPL Financial Holdings Inc. (NASDAQ:LPLAFree Report) by 18.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 63,844 shares of the financial services provider’s stock after purchasing an additional 9,745 shares during the period. Barclays PLC’s holdings in LPL Financial were worth $15,170,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. MONECO Advisors LLC increased its stake in LPL Financial by 2.8% in the 2nd quarter. MONECO Advisors LLC now owns 1,878 shares of the financial services provider’s stock worth $408,000 after purchasing an additional 51 shares in the last quarter. First Horizon Advisors Inc. increased its stake in LPL Financial by 12.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 496 shares of the financial services provider’s stock valued at $118,000 after buying an additional 55 shares during the period. Commonwealth Equity Services LLC lifted its position in LPL Financial by 2.4% in the 2nd quarter. Commonwealth Equity Services LLC now owns 2,588 shares of the financial services provider’s stock worth $563,000 after buying an additional 60 shares in the last quarter. Smithfield Trust Co boosted its stake in shares of LPL Financial by 164.4% during the 3rd quarter. Smithfield Trust Co now owns 119 shares of the financial services provider’s stock valued at $28,000 after buying an additional 74 shares during the period. Finally, Redhawk Wealth Advisors Inc. grew its holdings in shares of LPL Financial by 1.0% during the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 7,322 shares of the financial services provider’s stock valued at $1,740,000 after acquiring an additional 75 shares in the last quarter. 92.84% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

LPLA has been the topic of a number of recent research reports. Barclays lowered their target price on LPL Financial from $277.00 to $265.00 and set an “overweight” rating on the stock in a research note on Monday, October 30th. Morgan Stanley lowered their price target on LPL Financial from $260.00 to $252.00 and set an “equal weight” rating on the stock in a research note on Monday, October 30th. Redburn Atlantic initiated coverage on LPL Financial in a research report on Friday, December 1st. They issued a “neutral” rating and a $240.00 target price for the company. Jefferies Financial Group boosted their price target on shares of LPL Financial from $282.00 to $284.00 in a report on Tuesday, October 10th. Finally, JPMorgan Chase & Co. lifted their target price on shares of LPL Financial from $230.00 to $251.00 and gave the company a “neutral” rating in a research report on Tuesday, October 10th. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $251.45.

Check Out Our Latest Stock Report on LPLA

LPL Financial Price Performance

Shares of LPLA stock opened at $248.23 on Tuesday. LPL Financial Holdings Inc. has a 1 year low of $179.00 and a 1 year high of $259.27. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 1.49. The firm’s 50 day moving average is $229.88 and its 200-day moving average is $230.56. The firm has a market capitalization of $18.77 billion, a price-to-earnings ratio of 18.19, a PEG ratio of 0.73 and a beta of 0.83.

LPL Financial (NASDAQ:LPLAGet Free Report) last posted its quarterly earnings data on Thursday, February 1st. The financial services provider reported $3.51 earnings per share for the quarter, topping the consensus estimate of $3.33 by $0.18. The firm had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.55 billion. LPL Financial had a net margin of 10.61% and a return on equity of 57.30%. LPL Financial’s revenue was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.21 EPS. Sell-side analysts forecast that LPL Financial Holdings Inc. will post 16.1 EPS for the current fiscal year.

LPL Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 26th. Investors of record on Tuesday, March 12th will be given a $0.30 dividend. The ex-dividend date of this dividend is Monday, March 11th. This represents a $1.20 dividend on an annualized basis and a yield of 0.48%. LPL Financial’s payout ratio is 8.79%.

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, retirement and education savings plans, fixed income, and insurance, as well as alternative investments, such as non-traded real estate investment trusts and auction rate notes.

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

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