LPL Financial Holdings Inc. (NASDAQ:LPLA) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC lowered its holdings in shares of LPL Financial Holdings Inc. (NASDAQ:LPLA) by 0.5% in the third quarter, HoldingsChannel.com reports. The fund owned 2,528,497 shares of the financial services provider’s stock after selling 13,688 shares during the quarter. Janus Henderson Group PLC’s holdings in LPL Financial were worth $588,207,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Ashton Thomas Private Wealth LLC purchased a new stake in shares of LPL Financial in the second quarter worth approximately $25,000. Key Financial Inc acquired a new position in shares of LPL Financial in the 2nd quarter valued at approximately $28,000. Ashton Thomas Securities LLC bought a new stake in shares of LPL Financial during the 3rd quarter worth approximately $31,000. Paladin Wealth LLC acquired a new position in LPL Financial in the 3rd quarter valued at $34,000. Finally, Crewe Advisors LLC grew its holdings in shares of LPL Financial by 360.7% during the 2nd quarter. Crewe Advisors LLC now owns 129 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 101 shares in the last quarter. 95.66% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on LPLA. The Goldman Sachs Group boosted their price objective on LPL Financial from $271.00 to $305.00 and gave the company a “buy” rating in a report on Friday, November 1st. Citigroup lifted their target price on LPL Financial from $285.00 to $310.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Jefferies Financial Group decreased their target price on LPL Financial from $309.00 to $282.00 and set a “buy” rating on the stock in a research report on Friday, October 4th. Morgan Stanley upped their target price on LPL Financial from $303.00 to $309.00 and gave the stock an “overweight” rating in a report on Thursday, October 17th. Finally, TD Cowen raised their target price on LPL Financial from $271.00 to $277.00 and gave the company a “hold” rating in a research report on Thursday, October 31st. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $290.83.

LPL Financial Price Performance

Shares of NASDAQ:LPLA opened at $323.91 on Tuesday. The business has a 50-day simple moving average of $276.62 and a two-hundred day simple moving average of $255.43. The firm has a market cap of $24.25 billion, a price-to-earnings ratio of 24.35, a price-to-earnings-growth ratio of 1.59 and a beta of 0.86. LPL Financial Holdings Inc. has a fifty-two week low of $187.19 and a fifty-two week high of $330.72. The company has a debt-to-equity ratio of 1.60, a quick ratio of 2.16 and a current ratio of 2.16.

LPL Financial (NASDAQ:LPLA) last issued its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $4.16 earnings per share for the quarter, topping the consensus estimate of $3.69 by $0.47. The business had revenue of $3.11 billion during the quarter, compared to the consensus estimate of $3.04 billion. LPL Financial had a return on equity of 49.47% and a net margin of 8.73%. The company’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the company earned $3.74 earnings per share. On average, analysts expect that LPL Financial Holdings Inc. will post 16.1 earnings per share for the current year.

LPL Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Thursday, November 14th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.20 annualized dividend and a yield of 0.37%. LPL Financial’s dividend payout ratio is presently 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.