Lbp Am Sa Purchases Shares of 21,973 LPL Financial Holdings Inc. (NASDAQ:LPLA)

LBP AM SA acquired a new position in LPL Financial Holdings Inc. (NASDAQ:LPLA - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm acquired 21,973 shares of the financial services provider's stock, valued at approximately $7,188,000.

A number of other large investors have also recently made changes to their positions in the business. Boston Partners grew its position in shares of LPL Financial by 26.0% in the 4th quarter. Boston Partners now owns 3,905,541 shares of the financial services provider's stock worth $1,278,454,000 after buying an additional 805,637 shares during the last quarter. Janus Henderson Group PLC grew its position in shares of LPL Financial by 20.6% in the 4th quarter. Janus Henderson Group PLC now owns 3,050,529 shares of the financial services provider's stock worth $996,032,000 after buying an additional 522,032 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of LPL Financial by 2.2% in 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 purchasing an additional 57,485 shares during the period. Geode Capital Management LLC lifted its stake in shares of LPL Financial by 1.6% in 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 purchasing an additional 23,111 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its stake in shares of LPL Financial by 57.1% in 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 purchasing an additional 405,341 shares during the period. 95.66% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Wall Street Zen cut LPL Financial from a "buy" rating to a "hold" rating in a research note on Saturday, June 14th. Redburn Atlantic upgraded LPL Financial from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $420.00 to $460.00 in a research note on Monday, June 9th. TD Cowen cut LPL Financial from a "strong-buy" rating to a "hold" rating and lowered their price objective for the company from $406.00 to $403.00 in a research note on Wednesday. JMP Securities lifted their price objective on LPL Financial from $420.00 to $440.00 and gave the company a "market outperform" rating in a research note on Friday, May 9th. Finally, Barclays lifted their price objective on LPL Financial from $450.00 to $460.00 and gave the company an "overweight" rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $369.08.

LPL Financial Price Performance

NASDAQ LPLA traded down $5.80 on Friday, reaching $374.39. The company had a trading volume of 173,445 shares, compared to its average volume of 851,367. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 1.82. The stock has a market capitalization of $29.94 billion, a PE ratio of 25.88, a price-to-earnings-growth ratio of 1.05 and a beta of 0.64. The firm's 50 day moving average price is $373.74 and its 200 day moving average price is $349.60. LPL Financial Holdings Inc. has a 12 month low of $187.19 and a 12 month high of $390.23.

LPL Financial (NASDAQ:LPLA - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The financial services provider reported $5.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.54 by $0.61. The company had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $3.63 billion. LPL Financial had a net margin of 8.23% and a return on equity of 46.34%. LPL Financial's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.83 EPS. As a group, equities analysts predict that LPL Financial Holdings Inc. will post 19.35 earnings per share for the current year.

LPL Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 12th. Stockholders of record on Friday, May 30th were issued a $0.30 dividend. The ex-dividend date was Friday, May 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.32%. LPL Financial's dividend payout ratio (DPR) is presently 8.30%.

Insider Buying and Selling at LPL Financial

In related news, Director Greg Gates sold 1,500 shares of the company's stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $382.63, for a total transaction of $573,945.00. Following the transaction, the director directly owned 20,620 shares in the company, valued at approximately $7,889,830.60. This represents a 6.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.30% of the stock is currently owned by company insiders.

About LPL Financial

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.