LPL Financial Holdings Inc. (NASDAQ:LPLA) Shares Acquired by Stephens Inc. AR

Stephens Inc. AR grew its position in LPL Financial Holdings Inc. (NASDAQ:LPLA) by 5.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,054 shares of the financial services provider’s stock after purchasing an additional 52 shares during the period. Stephens Inc. AR’s holdings in LPL Financial were worth $245,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Ashton Thomas Private Wealth LLC acquired a new stake in LPL Financial during the second quarter worth about $25,000. Key Financial Inc acquired a new stake in LPL Financial during the second quarter worth about $28,000. Paladin Wealth LLC acquired a new stake in LPL Financial during the third quarter worth about $34,000. Crewe Advisors LLC grew its holdings in LPL Financial by 360.7% during the second quarter. Crewe Advisors LLC now owns 129 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 101 shares during the period. Finally, Tortoise Investment Management LLC boosted its position in LPL Financial by 74.7% during the second quarter. Tortoise Investment Management LLC now owns 131 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 56 shares in the last quarter. 95.66% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on LPLA shares. Citigroup increased their price target on LPL Financial from $285.00 to $310.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. The Goldman Sachs Group increased their price target on LPL Financial from $271.00 to $305.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Keefe, Bruyette & Woods lowered their price target on LPL Financial from $326.00 to $315.00 and set an “outperform” rating on the stock in a research report on Friday, July 26th. UBS Group increased their price target on LPL Financial from $215.00 to $250.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 8th. Finally, Wells Fargo & Company upgraded LPL Financial from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $235.00 to $285.00 in a research report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, LPL Financial currently has a consensus rating of “Moderate Buy” and a consensus price target of $286.92.

LPL Financial Price Performance

LPLA stock opened at $312.25 on Friday. LPL Financial Holdings Inc. has a 52-week low of $187.19 and a 52-week high of $312.50. The company has a quick ratio of 2.16, a current ratio of 2.16 and a debt-to-equity ratio of 1.60. The business has a fifty day moving average of $242.47 and a two-hundred day moving average of $249.78. The stock has a market cap of $23.38 billion, a price-to-earnings ratio of 23.48, a price-to-earnings-growth ratio of 1.51 and a beta of 0.85.

LPL Financial (NASDAQ:LPLA) last released its earnings results on Wednesday, October 30th. The financial services provider reported $4.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.69 by $0.47. The firm had revenue of $3.11 billion during the quarter, compared to analyst estimates of $3.04 billion. LPL Financial had a return on equity of 49.47% and a net margin of 8.73%. LPL Financial’s revenue was up 6.0% compared to the same quarter last year. During the same period last year, the business posted $3.74 earnings per share. As a group, research analysts anticipate that LPL Financial Holdings Inc. will post 16.08 earnings per share for the current year.

LPL Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Thursday, November 14th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date is Thursday, November 14th. LPL Financial’s dividend payout ratio (DPR) is 9.02%.

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.