LPL Financial Holdings Inc. (NASDAQ:LPLA) Shares Bought by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. grew its holdings in LPL Financial Holdings Inc. (NASDAQ:LPLA - Free Report) by 143.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,400 shares of the financial services provider's stock after acquiring an additional 10,266 shares during the period. Jefferies Financial Group Inc.'s holdings in LPL Financial were worth $5,681,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Truist Financial Corp raised its stake in shares of LPL Financial by 7.9% in the fourth quarter. Truist Financial Corp now owns 192,153 shares of the financial services provider's stock worth $62,740,000 after buying an additional 14,106 shares during the period. Bank of Montreal Can lifted its stake in shares of LPL Financial by 46.9% during the 4th quarter. Bank of Montreal Can now owns 59,910 shares of the financial services provider's stock valued at $19,561,000 after buying an additional 19,126 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in LPL Financial by 4.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 335,749 shares of the financial services provider's stock worth $109,625,000 after buying an additional 13,936 shares during the period. JPMorgan Chase & Co. increased its stake in LPL Financial by 27.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,275,136 shares of the financial services provider's stock worth $296,635,000 after buying an additional 276,166 shares in the last quarter. Finally, Mount Yale Investment Advisors LLC raised its holdings in LPL Financial by 35.7% during the fourth quarter. Mount Yale Investment Advisors LLC now owns 3,693 shares of the financial services provider's stock valued at $1,206,000 after acquiring an additional 972 shares during the period. Hedge funds and other institutional investors own 95.66% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Citigroup cut their target price on shares of LPL Financial from $415.00 to $400.00 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. Morgan Stanley increased their price objective on shares of LPL Financial from $330.00 to $450.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 21st. UBS Group upped their price target on shares of LPL Financial from $390.00 to $420.00 and gave the stock a "buy" rating in a report on Friday, January 31st. Keefe, Bruyette & Woods raised their price objective on LPL Financial from $390.00 to $405.00 and gave the stock an "outperform" rating in a report on Friday, January 31st. Finally, Wells Fargo & Company decreased their target price on LPL Financial from $405.00 to $342.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Thirteen analysts have rated the stock with a buy rating, According to MarketBeat, LPL Financial has an average rating of "Buy" and an average target price of $377.50.

LPL Financial Stock Performance

LPLA stock traded down $3.10 during midday trading on Friday, reaching $384.45. The stock had a trading volume of 1,194,292 shares, compared to its average volume of 841,807. The firm has a fifty day simple moving average of $335.66 and a two-hundred day simple moving average of $338.55. LPL Financial Holdings Inc. has a 52-week low of $187.19 and a 52-week high of $390.23. The company has a debt-to-equity ratio of 1.60, a quick ratio of 2.16 and a current ratio of 2.16. The stock has a market cap of $30.75 billion, a PE ratio of 27.38, a P/E/G ratio of 0.94 and a beta of 0.65.

LPL Financial (NASDAQ:LPLA - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The financial services provider reported $5.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.54 by $0.61. LPL Financial had a return on equity of 49.41% and a net margin of 8.55%. The business had revenue of $3.67 billion during the quarter, compared to analysts' expectations of $3.63 billion. During the same quarter in the previous year, the firm posted $3.83 EPS. The company's revenue for the quarter was up 4.5% on a year-over-year basis. As a group, equities research analysts anticipate that LPL Financial Holdings Inc. will post 19.35 EPS for the current year.

LPL Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Friday, May 30th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.31%. The ex-dividend date is 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.