Tybourne Capital Management HK Ltd. Sells 95,415 Shares of LPL Financial Holdings Inc. (NASDAQ:LPLA)

Tybourne Capital Management HK Ltd. lowered its holdings in LPL Financial Holdings Inc. (NASDAQ:LPLA - Free Report) by 55.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 77,285 shares of the financial services provider's stock after selling 95,415 shares during the quarter. LPL Financial comprises about 6.3% of Tybourne Capital Management HK Ltd.'s investment portfolio, making the stock its 5th largest position. Tybourne Capital Management HK Ltd. owned 0.10% of LPL Financial worth $25,234,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Boston Partners increased its stake in shares of 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 buying an additional 805,637 shares during the period. Janus Henderson Group PLC increased 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 worth $996,032,000 after purchasing an additional 522,032 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its holdings in LPL Financial by 2.2% during the 4th 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 during the last quarter. Geode Capital Management LLC raised its holdings in LPL Financial by 1.6% during 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 purchasing an additional 23,111 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in LPL Financial by 27.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,275,136 shares of the financial services provider's stock valued at $296,635,000 after purchasing an additional 276,166 shares during the period. Institutional investors own 95.66% of the company's stock.

Insider Activity at LPL Financial

In other news, CFO Matthew J. Audette sold 4,588 shares of the business's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $360.07, for a total value of $1,652,001.16. Following the sale, the chief financial officer now directly owns 16,538 shares in the company, valued at $5,954,837.66. The trade was a 21.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Marc Eliot Cohen sold 1,100 shares of the stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $365.85, for a total value of $402,435.00. Following the transaction, the director now owns 4,075 shares of the company's stock, valued at approximately $1,490,838.75. The trade was a 21.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

LPLA has been the subject of several analyst reports. Wells Fargo & Company lowered their price target on shares of LPL Financial from $405.00 to $342.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. UBS Group lifted their target price 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. JPMorgan Chase & Co. increased their price target on LPL Financial from $397.00 to $405.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. Citigroup decreased their price objective on LPL Financial from $415.00 to $400.00 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. Finally, Wall Street Zen downgraded LPL Financial from a "hold" rating to a "sell" rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $377.50.

LPL Financial Trading Down 0.8%

Shares of LPL Financial stock traded down $2.85 during trading hours on Friday, hitting $374.55. The company's stock had a trading volume of 258,651 shares, compared to its average volume of 833,251. The company has a market capitalization of $29.96 billion, a PE ratio of 26.66, 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 stock has a 50 day moving average of $330.99 and a 200 day moving average of $335.95. LPL Financial Holdings Inc. has a 12 month low of $187.19 and a 12 month high of $390.23.

LPL Financial (NASDAQ:LPLA - Get Free Report) last posted its earnings results on Thursday, May 8th. The financial services provider reported $5.15 earnings per share (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 business had revenue of $3.67 billion during the quarter, compared to analysts' expectations of $3.63 billion. During the same period in the prior year, the business earned $3.83 EPS. LPL Financial's revenue for the quarter was up 4.5% compared to the same quarter last year. Analysts predict that LPL Financial Holdings Inc. will post 19.35 earnings per share for the current year.

LPL Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Friday, May 30th will be issued a dividend of $0.30 per share. The ex-dividend date is Friday, May 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.32%. LPL Financial's payout ratio is 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.