Two Sigma Investments LP Has $3.90 Million Position in LPL Financial Holdings Inc. (NASDAQ:LPLA)

Two Sigma Investments LP reduced its holdings in LPL Financial Holdings Inc. (NASDAQ:LPLA - Free Report) by 52.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,930 shares of the financial services provider's stock after selling 12,906 shares during the period. Two Sigma Investments LP's holdings in LPL Financial were worth $3,895,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the business. Graney & King LLC acquired a new stake in LPL Financial in the 4th quarter valued at $30,000. Itau Unibanco Holding S.A. acquired a new stake in LPL Financial in the 4th quarter valued at $42,000. Jones Financial Companies Lllp boosted its stake in LPL Financial by 45.3% in the 4th quarter. Jones Financial Companies Lllp now owns 138 shares of the financial services provider's stock valued at $45,000 after buying an additional 43 shares in the last quarter. Atala Financial Inc acquired a new stake in LPL Financial in the 4th quarter valued at $59,000. Finally, Compass Financial Services Inc acquired a new stake in LPL Financial in the 4th quarter valued at $65,000. 95.66% of the stock is owned by institutional investors.

LPL Financial Stock Down 1.0%

Shares of LPLA stock traded down $3.77 on Monday, hitting $383.39. 598,461 shares of the stock were exchanged, compared to its average volume of 838,527. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 1.60. The firm has a market capitalization of $30.66 billion, a P/E ratio of 27.31, a price-to-earnings-growth ratio of 0.94 and a beta of 0.65. The business has a 50-day moving average of $337.38 and a 200 day moving average of $339.84. LPL Financial Holdings Inc. has a fifty-two week low of $187.19 and a fifty-two week high of $390.23.

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

LPL Financial Announces Dividend

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

Analysts Set New Price Targets

Several analysts recently commented on the company. Citigroup decreased their price target on LPL Financial from $415.00 to $400.00 and set a "buy" rating on the stock in a research note on Wednesday, April 2nd. JMP Securities boosted their price objective on LPL Financial from $420.00 to $440.00 and gave the stock a "market outperform" rating in a research note on Friday, May 9th. Wall Street Zen raised LPL Financial from a "hold" rating to a "buy" rating in a research note on Thursday. Wells Fargo & Company reduced their price objective on LPL Financial from $405.00 to $342.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Finally, Barclays boosted their price objective on LPL Financial from $365.00 to $400.00 and gave the stock an "overweight" rating in a research note on Monday, May 12th. Thirteen equities research analysts have rated the stock with a buy rating, According to MarketBeat, LPL Financial currently has an average rating of "Buy" and a consensus price target of $377.50.

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.