LPL Financial Holdings Inc. (NASDAQ:LPLA) Shares Bought by TT International Asset Management LTD

TT International Asset Management LTD grew its stake in shares of LPL Financial Holdings Inc. (NASDAQ:LPLA) by 6.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,043 shares of the financial services provider’s stock after acquiring an additional 777 shares during the period. LPL Financial comprises about 0.6% of TT International Asset Management LTD’s holdings, making the stock its 21st biggest position. TT International Asset Management LTD’s holdings in LPL Financial were worth $3,932,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. FMR LLC grew its stake in LPL Financial by 24.4% in the 3rd quarter. FMR LLC now owns 3,322,571 shares of the financial services provider’s stock worth $772,930,000 after acquiring an additional 650,675 shares during the period. Kayne Anderson Rudnick Investment Management LLC grew its stake in LPL Financial by 9.9% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,589,793 shares of the financial services provider’s stock worth $723,329,000 after acquiring an additional 233,242 shares during the period. Geode Capital Management LLC grew its stake in LPL Financial by 2.6% in the 3rd quarter. Geode Capital Management LLC now owns 1,436,831 shares of the financial services provider’s stock worth $333,581,000 after acquiring an additional 36,474 shares during the period. JPMorgan Chase & Co. grew its stake in LPL Financial by 27.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,275,136 shares of the financial services provider’s stock worth $296,635,000 after acquiring an additional 276,166 shares during the period. Finally, Samlyn Capital LLC grew its stake in LPL Financial by 8.0% in the 2nd quarter. Samlyn Capital LLC now owns 1,194,715 shares of the financial services provider’s stock worth $333,684,000 after acquiring an additional 88,635 shares during the period. 95.66% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have commented on LPLA shares. JMP Securities reaffirmed a “market outperform” rating and issued a $310.00 target price on shares of LPL Financial in a research note on Wednesday, October 9th. JPMorgan Chase & Co. upgraded shares of LPL Financial from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $288.00 to $397.00 in a report on Tuesday, January 7th. StockNews.com upgraded shares of LPL Financial from a “sell” rating to a “hold” rating in a report on Saturday, November 9th. Keefe, Bruyette & Woods boosted their target price on shares of LPL Financial from $325.00 to $390.00 and gave the stock an “outperform” rating in a research report on Friday, December 20th. Finally, Jefferies Financial Group dropped their target price on shares of LPL Financial from $309.00 to $282.00 and set a “buy” rating for the company in a research report on Friday, October 4th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $351.42.

LPL Financial Trading Down 0.9 %

LPL Financial stock opened at $330.41 on Monday. The company has a debt-to-equity ratio of 1.60, a quick ratio of 2.16 and a current ratio of 2.16. The firm has a market cap of $24.74 billion, a price-to-earnings ratio of 24.84, a price-to-earnings-growth ratio of 1.60 and a beta of 0.87. LPL Financial Holdings Inc. has a 1 year low of $187.19 and a 1 year high of $344.86. The firm’s 50 day moving average price is $323.22 and its two-hundred day moving average price is $265.73.

LPL Financial (NASDAQ:LPLA) last posted its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $4.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.69 by $0.47. LPL Financial had a net margin of 8.73% and a return on equity of 49.47%. The firm had revenue of $3.11 billion for the quarter, compared to analyst estimates of $3.04 billion. During the same quarter in the previous year, the business posted $3.74 earnings per share. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. On average, research analysts predict that LPL Financial Holdings Inc. will post 16.1 EPS for the current fiscal year.

LPL Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Thursday, November 14th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.36%. The ex-dividend date was Thursday, November 14th. LPL Financial’s dividend payout ratio is currently 9.02%.

Insider Activity

In related news, Director Aneri Jambusaria sold 305 shares of LPL Financial stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $331.94, for a total value of $101,241.70. Following the completion of the sale, the director now owns 3,920 shares of the company’s stock, valued at approximately $1,301,204.80. The trade was a 7.22 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.30% of the stock is currently owned by corporate insiders.

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.