LPL Financial Holdings Inc. (NASDAQ:LPLA) Holdings Raised by MFA Wealth Advisors LLC

MFA Wealth Advisors LLC grew its stake in shares of LPL Financial Holdings Inc. (NASDAQ:LPLA) by 3.9% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,148 shares of the financial services provider’s stock after acquiring an additional 43 shares during the period. MFA Wealth Advisors LLC’s holdings in LPL Financial were worth $267,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Gateway Investment Advisers LLC increased its position in LPL Financial by 1.7% in the 1st quarter. Gateway Investment Advisers LLC now owns 5,079 shares of the financial services provider’s stock worth $1,342,000 after purchasing an additional 84 shares during the last quarter. Riverview Trust Co bought a new position in LPL Financial during the first quarter valued at approximately $30,000. DGS Capital Management LLC raised its position in LPL Financial by 2.8% during the first quarter. DGS Capital Management LLC now owns 1,625 shares of the financial services provider’s stock valued at $429,000 after acquiring an additional 44 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in LPL Financial by 3.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 8,675 shares of the financial services provider’s stock valued at $2,292,000 after acquiring an additional 313 shares during the last quarter. Finally, Thrive Wealth Management LLC grew its position in LPL Financial by 19.7% in the first quarter. Thrive Wealth Management LLC now owns 1,160 shares of the financial services provider’s stock worth $306,000 after acquiring an additional 191 shares in the last quarter. 95.66% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on LPLA. Morgan Stanley lifted their price objective on shares of LPL Financial from $303.00 to $309.00 and gave the company an “overweight” rating in a research note on Thursday, October 17th. TD Cowen upped their price target on LPL Financial from $243.00 to $255.00 and gave the stock a “hold” rating in a research note on Friday, July 26th. Jefferies Financial Group lowered their price objective on LPL Financial from $309.00 to $282.00 and set a “buy” rating on the stock in a report on Friday, October 4th. Bank of America upgraded LPL Financial from a “neutral” rating to a “buy” rating and set a $268.00 target price for the company in a report on Tuesday, July 30th. Finally, StockNews.com downgraded LPL Financial from a “hold” rating to a “sell” rating in a report on Tuesday, October 1st. Two analysts have rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, LPL Financial presently has an average rating of “Hold” and an average price target of $277.77.

LPL Financial Stock Performance

NASDAQ:LPLA opened at $258.00 on Thursday. The company has a debt-to-equity ratio of 1.77, a quick ratio of 2.16 and a current ratio of 2.16. The firm’s 50-day moving average is $228.72 and its 200-day moving average is $248.15. LPL Financial Holdings Inc. has a 52-week low of $187.19 and a 52-week high of $289.88. The company has a market cap of $19.27 billion, a price-to-earnings ratio of 19.49, a PEG ratio of 1.32 and a beta of 0.88.

LPL Financial (NASDAQ:LPLA) last announced its quarterly earnings data on Thursday, July 25th. The financial services provider reported $3.88 EPS for the quarter, topping analysts’ consensus estimates of $3.66 by $0.22. The company had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.89 billion. LPL Financial had a return on equity of 52.14% and a net margin of 8.91%. The company’s quarterly revenue was up 18.8% on a year-over-year basis. During the same quarter last year, the company earned $3.94 EPS. Equities research analysts anticipate that LPL Financial Holdings Inc. will post 15.79 earnings per share for the current year.

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.