Vise Technologies Inc. purchased a new position in LPL Financial Holdings Inc. (NASDAQ:LPLA - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 1,047 shares of the financial services provider's stock, valued at approximately $342,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of LPLA. Norges Bank purchased a new position in LPL Financial in the 4th quarter worth approximately $305,747,000. Raymond James Financial Inc. purchased a new stake in shares of LPL Financial in the 4th quarter valued at $295,982,000. Boston Partners boosted 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 purchasing an additional 805,637 shares in the last quarter. Janus Henderson Group PLC boosted its stake in shares of 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 valued at $996,032,000 after purchasing an additional 522,032 shares in the last quarter. Finally, Balyasny Asset Management L.P. purchased a new stake in shares of LPL Financial in the 4th quarter valued at $153,946,000. Hedge funds and other institutional investors own 95.66% of the company's stock.
LPL Financial Trading Down 0.8%
LPLA traded down $3.10 during trading on Friday, hitting $384.45. 1,194,292 shares of the stock traded hands, compared to its average volume of 839,726. The firm has a market capitalization of $30.75 billion, a P/E 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 firm has a 50-day moving average of $336.50 and a 200 day moving average of $339.01. 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 issued its quarterly earnings data on Thursday, May 8th. The financial services provider reported $5.15 EPS for the quarter, topping 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 business had revenue of $3.67 billion during the quarter, compared to analyst estimates of $3.63 billion. During the same period in the prior year, the business earned $3.83 EPS. The company's revenue for the quarter was up 4.5% on a year-over-year basis. Equities research analysts anticipate that LPL Financial Holdings Inc. will post 19.35 EPS for the current year.
LPL Financial Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Friday, May 30th will be issued a $0.30 dividend. The ex-dividend date is Friday, May 30th. This represents a $1.20 annualized dividend and a yield of 0.31%. LPL Financial's dividend payout ratio (DPR) is presently 8.30%.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. upped their price objective 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. Keefe, Bruyette & Woods upped their price objective on shares of LPL Financial from $390.00 to $405.00 and gave the company an "outperform" rating in a research note on Friday, January 31st. Barclays upped their price objective on shares of LPL Financial from $365.00 to $400.00 and gave the company an "overweight" rating in a research note on Monday, May 12th. UBS Group upped their price objective on shares of LPL Financial from $390.00 to $420.00 and gave the company a "buy" rating in a research note on Friday, January 31st. Finally, Morgan Stanley upped their price objective on shares of LPL Financial from $330.00 to $450.00 and gave the company an "overweight" rating in a research note on Wednesday, May 21st. Thirteen research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $377.50.
View Our Latest Stock Report on LPL Financial
About LPL Financial
(
Free Report)
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.
Further Reading
Before you consider LPL Financial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and LPL Financial wasn't on the list.
While LPL Financial currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
