Acadian Asset Management LLC Has $1.55 Million Holdings in LPL Financial Holdings Inc. (NASDAQ:LPLA)

Acadian Asset Management LLC increased its position in shares of LPL Financial Holdings Inc. (NASDAQ:LPLA) by 7.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,551 shares of the financial services provider’s stock after acquiring an additional 398 shares during the quarter. Acadian Asset Management LLC’s holdings in LPL Financial were worth $1,548,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in LPLA. Intech Investment Management LLC increased its stake in LPL Financial by 38.8% in the 1st quarter. Intech Investment Management LLC now owns 41,850 shares of the financial services provider’s stock valued at $11,057,000 after buying an additional 11,703 shares during the period. Swedbank AB acquired a new position in LPL Financial in the 1st quarter valued at approximately $3,648,000. Sei Investments Co. increased its stake in LPL Financial by 23.4% in the 1st quarter. Sei Investments Co. now owns 113,254 shares of the financial services provider’s stock valued at $29,923,000 after buying an additional 21,481 shares during the period. Raymond James & Associates increased its stake in LPL Financial by 5.4% in the 2nd quarter. Raymond James & Associates now owns 394,091 shares of the financial services provider’s stock valued at $110,070,000 after buying an additional 20,123 shares during the period. Finally, National Bank of Canada FI increased its stake in LPL Financial by 421.7% in the 1st quarter. National Bank of Canada FI now owns 119,772 shares of the financial services provider’s stock valued at $32,175,000 after buying an additional 96,816 shares during the period. Institutional investors and hedge funds own 95.66% of the company’s stock.

LPL Financial Stock Performance

NASDAQ LPLA opened at $205.71 on Monday. The company has a debt-to-equity ratio of 1.77, a current ratio of 2.16 and a quick ratio of 2.16. The firm has a market capitalization of $15.37 billion, a price-to-earnings ratio of 15.54, a P/E/G ratio of 1.20 and a beta of 0.88. The company’s fifty day moving average is $221.86 and its two-hundred day moving average is $253.67. LPL Financial Holdings Inc. has a 52-week low of $187.19 and a 52-week high of $289.88.

LPL Financial (NASDAQ:LPLA) last posted its quarterly earnings results on Thursday, July 25th. The financial services provider reported $3.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.66 by $0.22. LPL Financial had a net margin of 8.91% and a return on equity of 52.14%. The company had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.89 billion. During the same period last year, the business posted $3.94 EPS. The business’s quarterly revenue was up 18.8% on a year-over-year basis. Equities research analysts forecast that LPL Financial Holdings Inc. will post 15.9 EPS for the current year.

LPL Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, August 9th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, August 9th. This represents a $1.20 annualized dividend and a dividend yield of 0.58%. LPL Financial’s dividend payout ratio (DPR) is currently 9.06%.

Analyst Ratings Changes

LPLA has been the topic of several research reports. Bank of America upgraded shares of LPL Financial from a “neutral” rating to a “buy” rating and set a $268.00 price objective on the stock in a research note on Tuesday, July 30th. Jefferies Financial Group increased their price target on shares of LPL Financial from $322.00 to $334.00 and gave the stock a “buy” rating in a research note on Monday, July 8th. JMP Securities increased their price target on shares of LPL Financial from $305.00 to $310.00 and gave the stock a “market outperform” rating in a research note on Friday, July 26th. UBS Group decreased their price objective on shares of LPL Financial from $290.00 to $215.00 and set a “neutral” rating for the company in a report on Tuesday, August 6th. Finally, Barclays lowered their target price on shares of LPL Financial from $313.00 to $273.00 and set an “overweight” rating on the stock in a research note on Friday, July 26th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, LPL Financial has a consensus rating of “Hold” and a consensus target price of $275.27.

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.