Samlyn Capital LLC Has $333.68 Million Stock Holdings in LPL Financial Holdings Inc. (NASDAQ:LPLA)

Samlyn Capital LLC increased its holdings in shares of LPL Financial Holdings Inc. (NASDAQ:LPLA) by 8.0% in the second quarter, according to its most recent filing with the SEC. The fund owned 1,194,715 shares of the financial services provider’s stock after acquiring an additional 88,635 shares during the period. LPL Financial comprises 5.6% of Samlyn Capital LLC’s portfolio, making the stock its biggest position. Samlyn Capital LLC owned about 1.60% of LPL Financial worth $333,684,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Ashton Thomas Private Wealth LLC purchased a new position in LPL Financial during the 2nd quarter worth $25,000. Key Financial Inc purchased a new stake in shares of LPL Financial in the second quarter valued at approximately $28,000. Riverview Trust Co purchased a new stake in shares of LPL Financial in the first quarter valued at approximately $30,000. Crewe Advisors LLC grew its position in shares of LPL Financial by 360.7% in the second quarter. Crewe Advisors LLC now owns 129 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 101 shares in the last quarter. Finally, Tortoise Investment Management LLC grew its position in LPL Financial by 74.7% in the second quarter. Tortoise Investment Management LLC now owns 131 shares of the financial services provider’s stock worth $37,000 after acquiring an additional 56 shares during the period. 95.66% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. JPMorgan Chase & Co. upped their price target on LPL Financial from $261.00 to $268.00 and gave the stock a “neutral” rating in a research note on Thursday, July 11th. Barclays dropped their target price on LPL Financial from $313.00 to $273.00 and set an “overweight” rating on the stock in a report on Friday, July 26th. UBS Group cut their price target on LPL Financial from $290.00 to $215.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 6th. Wells Fargo & Company began coverage on LPL Financial in a report on Thursday, September 12th. They issued an “equal weight” rating and a $235.00 target price on the stock. Finally, Jefferies Financial Group lifted their price target on LPL Financial from $322.00 to $334.00 and gave the company a “buy” rating in a research note on Monday, July 8th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $275.27.

LPL Financial Stock Up 2.5 %

Shares of LPL Financial stock opened at $220.82 on Tuesday. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 1.77. The business’s 50 day simple moving average is $215.39 and its 200-day simple moving average is $251.35. The stock has a market capitalization of $16.50 billion, a price-to-earnings ratio of 16.68, a PEG ratio of 1.20 and a beta of 0.88. LPL Financial Holdings Inc. has a twelve month low of $187.19 and a twelve month high of $289.88.

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

LPL Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 9th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date was Friday, August 9th. LPL Financial’s payout ratio is currently 9.06%.

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.