829 Shares in LPL Financial Holdings Inc. (NASDAQ:LPLA) Bought by Siemens Fonds Invest GmbH

Siemens Fonds Invest GmbH bought a new stake in LPL Financial Holdings Inc. (NASDAQ:LPLA - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 829 shares of the financial services provider's stock, valued at approximately $271,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in LPLA. Boston Partners lifted its stake 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 valued at $1,278,454,000 after purchasing an additional 805,637 shares during the last quarter. Janus Henderson Group PLC raised its position in LPL Financial by 20.6% in the fourth quarter. Janus Henderson Group PLC now owns 3,050,529 shares of the financial services provider's stock valued at $996,032,000 after purchasing 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 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 acquiring an additional 57,485 shares during the period. Geode Capital Management LLC raised its position 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 worth $475,946,000 after acquiring an additional 23,111 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in 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 worth $296,635,000 after purchasing an additional 276,166 shares in the last quarter. 95.66% of the stock is currently owned by institutional investors.

LPL Financial Stock Down 0.8%

LPLA traded down $3.10 on Friday, reaching $384.45. The company's stock had a trading volume of 1,194,292 shares, compared to its average volume of 839,497. The stock has a market cap of $30.75 billion, a price-to-earnings ratio of 27.38, a price-to-earnings-growth ratio of 0.94 and a beta of 0.65. The company has a debt-to-equity ratio of 1.60, a current ratio of 2.16 and a quick ratio of 2.16. The business's 50 day moving average is $336.50 and its 200 day moving average is $339.18. 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 released its earnings results on Thursday, May 8th. The financial services provider reported $5.15 EPS for the quarter, beating the consensus estimate of $4.54 by $0.61. The firm had revenue of $3.67 billion for the quarter, compared to analysts' expectations of $3.63 billion. LPL Financial had a net margin of 8.55% and a return on equity of 49.41%. LPL Financial's quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the company earned $3.83 EPS. As a group, research analysts forecast that LPL Financial Holdings Inc. will post 19.35 EPS for the current fiscal year.

LPL Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Friday, May 30th will be given a $0.30 dividend. 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 is 8.30%.

Analyst Ratings Changes

LPLA has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their price objective on LPL Financial from $397.00 to $405.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. Keefe, Bruyette & Woods increased their price target on shares of LPL Financial from $390.00 to $405.00 and gave the company an "outperform" rating in a research report on Friday, January 31st. JMP Securities upped their price target on LPL Financial from $420.00 to $440.00 and gave the company a "market outperform" rating in a research report on Friday, May 9th. UBS Group raised their target price on LPL Financial from $390.00 to $420.00 and gave the company a "buy" rating in a research note on Friday, January 31st. Finally, Citigroup reduced their price objective 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. Thirteen research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, LPL Financial has an average rating of "Buy" and a consensus target price 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.