LPL Financial Holdings Inc. (NASDAQ:LPLA) Shares Purchased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. boosted its stake in LPL Financial Holdings Inc. (NASDAQ:LPLA) by 6.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,929 shares of the financial services provider’s stock after buying an additional 512 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in LPL Financial were worth $2,589,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. FMR LLC increased its holdings in shares of LPL Financial by 24.4% during the third quarter. FMR LLC now owns 3,322,571 shares of the financial services provider’s stock valued at $772,930,000 after purchasing an additional 650,675 shares during the period. Geode Capital Management LLC increased its holdings in shares of LPL Financial by 2.6% during the third quarter. Geode Capital Management LLC now owns 1,436,831 shares of the financial services provider’s stock valued at $333,581,000 after purchasing an additional 36,474 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of LPL Financial by 27.6% during the third 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. Southpoint Capital Advisors LP increased its holdings in shares of LPL Financial by 50.0% during the third quarter. Southpoint Capital Advisors LP now owns 750,000 shares of the financial services provider’s stock valued at $174,472,000 after purchasing an additional 250,000 shares during the period. Finally, Westfield Capital Management Co. LP increased its holdings in shares of LPL Financial by 21.6% during the third quarter. Westfield Capital Management Co. LP now owns 710,867 shares of the financial services provider’s stock valued at $165,369,000 after purchasing an additional 126,266 shares during the period. 95.66% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at LPL Financial

In other news, Director Aneri Jambusaria sold 305 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $331.94, for a total value of $101,241.70. Following the sale, the director now directly owns 3,920 shares in the company, valued at approximately $1,301,204.80. This represents a 7.22 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Barclays raised their target price on LPL Financial from $389.00 to $414.00 and gave the company an “overweight” rating in a research note on Friday. TD Cowen raised LPL Financial from a “hold” rating to a “buy” rating and raised their target price for the company from $277.00 to $413.00 in a research note on Thursday, December 19th. Morgan Stanley raised their target price on LPL Financial from $303.00 to $309.00 and gave the company an “overweight” rating in a research note on Thursday, October 17th. JMP Securities reaffirmed a “market outperform” rating and set a $435.00 target price on shares of LPL Financial in a research note on Friday. Finally, JPMorgan Chase & Co. raised their target price on LPL Financial from $397.00 to $405.00 and gave the company an “overweight” rating in a research note on Friday. One analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $370.50.

LPL Financial Price Performance

NASDAQ LPLA opened at $364.15 on Tuesday. LPL Financial Holdings Inc. has a twelve month low of $187.19 and a twelve month high of $375.74. 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 stock has a market capitalization of $27.27 billion, a PE ratio of 25.94, a P/E/G ratio of 1.13 and a beta of 0.87. The stock has a 50-day simple moving average of $336.44 and a 200 day simple moving average of $275.42.

LPL Financial (NASDAQ:LPLA) last posted its quarterly earnings results on Thursday, January 30th. The financial services provider reported $4.25 EPS for the quarter, beating the consensus estimate of $4.01 by $0.24. LPL Financial had a return on equity of 49.41% and a net margin of 8.55%. Research analysts anticipate that LPL Financial Holdings Inc. will post 19.4 EPS for the current year.

LPL Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $1.20 annualized dividend and a yield of 0.33%. LPL Financial’s dividend payout ratio (DPR) is 8.55%.

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.