Mattson Financial Services LLC Lowers Holdings in LPL Financial Holdings Inc. (NASDAQ:LPLA)

Mattson Financial Services LLC lessened its stake in LPL Financial Holdings Inc. (NASDAQ:LPLA - Free Report) by 67.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 516 shares of the financial services provider's stock after selling 1,074 shares during the period. Mattson Financial Services LLC's holdings in LPL Financial were worth $168,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in LPLA. Norges Bank bought a new stake in LPL Financial in the 4th quarter worth approximately $305,747,000. Raymond James Financial Inc. bought a new stake in LPL Financial in the 4th quarter worth approximately $295,982,000. Boston Partners grew its position in 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 purchasing an additional 805,637 shares during the period. Janus Henderson Group PLC grew its position in 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 purchasing an additional 522,032 shares during the period. Finally, Balyasny Asset Management L.P. bought a new stake in shares of LPL Financial during the 4th quarter valued at $153,946,000. Institutional investors own 95.66% of the company's stock.

Analyst Ratings Changes

Several brokerages recently weighed in on LPLA. JPMorgan Chase & Co. upped their target price on shares of LPL Financial from $397.00 to $405.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. Wall Street Zen upgraded LPL Financial from a "hold" rating to a "buy" rating in a research report on Thursday. Morgan Stanley lifted their price target on LPL Financial from $330.00 to $450.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 21st. Keefe, Bruyette & Woods raised their price objective on shares of LPL Financial from $390.00 to $405.00 and gave the stock an "outperform" rating in a research note on Friday, January 31st. Finally, UBS Group raised their price objective on shares of LPL Financial from $390.00 to $420.00 and gave the stock a "buy" rating in a research note on Friday, January 31st. Thirteen investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $377.50.

LPL Financial Stock Down 0.8%

LPLA stock traded down $3.10 during trading on Friday, hitting $384.45. 1,194,292 shares of the company's stock traded hands, compared to its average volume of 839,731. The firm has a market capitalization of $30.75 billion, a P/E ratio of 27.38, a PEG ratio of 0.94 and a beta of 0.65. The business has a fifty day simple moving average of $336.50 and a two-hundred day simple moving average of $339.01. The company has a quick ratio of 2.16, a current ratio of 2.16 and a debt-to-equity ratio of 1.60. LPL Financial Holdings Inc. has a 1 year low of $187.19 and a 1 year high of $390.23.

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 net margin of 8.55% and a return on equity of 49.41%. The company had revenue of $3.67 billion for the quarter, compared to analyst estimates of $3.63 billion. During the same period last year, the company posted $3.83 earnings per share. LPL Financial's revenue was up 4.5% compared to the same quarter last year. Sell-side analysts anticipate that LPL Financial Holdings Inc. will post 19.35 EPS for the current year.

LPL Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Friday, May 30th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.31%. The ex-dividend date of this dividend is Friday, May 30th. LPL Financial's dividend payout ratio (DPR) is presently 8.30%.

LPL Financial Company 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.