LPL Financial Holdings Inc. (NASDAQ:LPLA) Stock Position Lessened by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio reduced its position in LPL Financial Holdings Inc. (NASDAQ:LPLA - Free Report) by 5.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 26,278 shares of the financial services provider's stock after selling 1,481 shares during the quarter. Public Employees Retirement System of Ohio's holdings in LPL Financial were worth $8,580,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Boston Partners lifted its holdings 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 in the last quarter. Janus Henderson Group PLC lifted its stake in shares of LPL Financial by 20.6% during the fourth quarter. Janus Henderson Group PLC now owns 3,050,529 shares of the financial services provider's stock worth $996,032,000 after purchasing an additional 522,032 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of LPL Financial by 2.2% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,660,736 shares of the financial services provider's stock worth $868,757,000 after purchasing an additional 57,485 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of LPL Financial by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 1,459,942 shares of the financial services provider's stock worth $475,946,000 after buying an additional 23,111 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in shares of LPL Financial by 27.6% in the third quarter. JPMorgan Chase & Co. now owns 1,275,136 shares of the financial services provider's stock valued at $296,635,000 after buying an additional 276,166 shares in the last quarter. Institutional investors and hedge funds own 95.66% of the company's stock.

LPL Financial Stock Down 0.0%

Shares of LPLA stock traded down $0.09 during trading hours on Friday, hitting $387.16. 1,142,914 shares of the company were exchanged, compared to its average volume of 838,444. 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 capitalization of $30.96 billion, a price-to-earnings ratio of 27.58, a P/E/G ratio of 0.94 and a beta of 0.65. LPL Financial Holdings Inc. has a one year low of $187.19 and a one year high of $390.23. The business's 50-day simple moving average is $335.66 and its two-hundred day simple moving average is $338.55.

LPL Financial (NASDAQ:LPLA - Get Free Report) last released its earnings results on Thursday, May 8th. The financial services provider reported $5.15 EPS for the quarter, topping analysts' consensus estimates of $4.54 by $0.61. LPL Financial had a return on equity of 49.41% and a net margin of 8.55%. The company had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $3.63 billion. During the same quarter last year, the business posted $3.83 EPS. LPL Financial's quarterly revenue was up 4.5% compared to the same quarter last year. Sell-side analysts predict that LPL Financial Holdings Inc. will post 19.35 EPS for the current fiscal year.

LPL Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Friday, May 30th will be paid a dividend of $0.30 per share. The ex-dividend date is Friday, May 30th. This represents a $1.20 annualized dividend and a yield of 0.31%. LPL Financial's payout ratio is 8.30%.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Wells Fargo & Company reduced their price target on LPL Financial from $405.00 to $342.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. JPMorgan Chase & Co. upped their target price on shares of LPL Financial from $397.00 to $405.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. UBS Group raised their price target on shares of LPL Financial from $390.00 to $420.00 and gave the company a "buy" rating in a report on Friday, January 31st. Citigroup cut their price objective on shares of LPL Financial from $415.00 to $400.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. Finally, JMP Securities upped their price objective on shares of LPL Financial from $420.00 to $440.00 and gave the company a "market outperform" rating in a research report on Friday, May 9th. Thirteen equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $377.50.

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.