LPL Financial Holdings Inc. (LPLA) Shares Sold by Parametric Portfolio Associates LLC

Parametric Portfolio Associates LLC lessened its holdings in shares of LPL Financial Holdings Inc. (NASDAQ:LPLA) by 4.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 332,427 shares of the financial services provider’s stock after selling 13,758 shares during the period. Parametric Portfolio Associates LLC owned 0.37% of LPL Financial Holdings worth $14,115,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of LPLA. Bank of New York Mellon Corp raised its position in shares of LPL Financial Holdings by 4.3% during the 1st quarter. Bank of New York Mellon Corp now owns 466,342 shares of the financial services provider’s stock worth $18,573,000 after acquiring an additional 19,407 shares in the last quarter. UBS Asset Management Americas Inc. raised its position in shares of LPL Financial Holdings by 23.2% during the 1st quarter. UBS Asset Management Americas Inc. now owns 62,614 shares of the financial services provider’s stock worth $2,494,000 after acquiring an additional 11,776 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of LPL Financial Holdings by 186.6% during the 1st quarter. JPMorgan Chase & Co. now owns 278,936 shares of the financial services provider’s stock worth $11,110,000 after acquiring an additional 181,620 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of LPL Financial Holdings during the 1st quarter worth about $171,000. Finally, Teachers Advisors LLC raised its position in shares of LPL Financial Holdings by 52.2% during the 1st quarter. Teachers Advisors LLC now owns 199,905 shares of the financial services provider’s stock worth $7,962,000 after acquiring an additional 68,555 shares in the last quarter. 89.73% of the stock is currently owned by institutional investors and hedge funds.

LPL Financial Holdings Inc. (NASDAQ LPLA) opened at 53.30 on Monday. The company’s 50-day moving average price is $48.17 and its 200-day moving average price is $43.38. The stock has a market cap of $4.79 billion, a P/E ratio of 23.15 and a beta of 1.87. LPL Financial Holdings Inc. has a 1-year low of $30.15 and a 1-year high of $53.52.

LPL Financial Holdings (NASDAQ:LPLA) last announced its quarterly earnings data on Thursday, July 27th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.08. LPL Financial Holdings had a return on equity of 26.45% and a net margin of 5.10%. The firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter in the prior year, the firm posted $0.53 earnings per share. LPL Financial Holdings’s revenue for the quarter was up 4.5% compared to the same quarter last year. Analysts predict that LPL Financial Holdings Inc. will post $2.36 EPS for the current year.

Several equities research analysts have recently weighed in on LPLA shares. BidaskClub raised LPL Financial Holdings from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. Morgan Stanley reissued an “underweight” rating and set a $38.00 target price (up previously from $35.00) on shares of LPL Financial Holdings in a research report on Monday, July 10th. Zacks Investment Research lowered LPL Financial Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, September 20th. ValuEngine lowered LPL Financial Holdings from a “buy” rating to a “hold” rating in a research report on Friday. Finally, SunTrust Banks, Inc. raised LPL Financial Holdings from a “hold” rating to a “buy” rating and raised their target price for the stock from $49.00 to $55.00 in a research report on Wednesday, August 16th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stoc

Several other hedge funds and other institutional investors have also modified their holdings of LPLA. Bank of New York Mellon Corp raised its position in shares of LPL Financial Holdings by 4.3% during the 1st quarter. Bank of New York Mellon Corp now owns 466,342 shares of the financial services provider’s stock worth $18,573,000 after acquiring an additional 19,407 shares in the last quarter. UBS Asset Management Americas Inc. raised its position in shares of LPL Financial Holdings by 23.2% during the 1st quarter. UBS Asset Management Americas Inc. now owns 62,614 shares of the financial services provider’s stock worth $2,494,000 after acquiring an additional 11,776 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of LPL Financial Holdings by 186.6% during the 1st quarter. JPMorgan Chase & Co. now owns 278,936 shares of the financial services provider’s stock worth $11,110,000 after acquiring an additional 181,620 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of LPL Financial Holdings during the 1st quarter worth about $171,000. Finally, Teachers Advisors LLC raised its position in shares of LPL Financial Holdings by 52.2% during the 1st quarter. Teachers Advisors LLC now owns 199,905 shares of the financial services provider’s stock worth $7,962,000 after acquiring an additional 68,555 shares in the last quarter. 89.73% of the stock is currently owned by institutional investors and hedge funds.

LPL Financial Holdings Inc. (NASDAQ LPLA) opened at 53.30 on Monday. The company’s 50-day moving average price is $48.17 and its 200-day moving average price is $43.38. The stock has a market cap of $4.79 billion, a P/E ratio of 23.15 and a beta of 1.87. LPL Financial Holdings Inc. has a 1-year low of $30.15 and a 1-year high of $53.52.

LPL Financial Holdings (NASDAQ:LPLA) last announced its quarterly earnings data on Thursday, July 27th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.08. LPL Financial Holdings had a return on equity of 26.45% and a net margin of 5.10%. The firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter in the prior year, the firm posted $0.53 earnings per share. LPL Financial Holdings’s revenue for the quarter was up 4.5% compared to the same quarter last year. Analysts predict that LPL Financial Holdings Inc. will post $2.36 EPS for the current year.

Several equities research analysts have recently weighed in on LPLA shares. BidaskClub raised LPL Financial Holdings from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. Morgan Stanley reissued an “underweight” rating and set a $38.00 target price (up previously from $35.00) on shares of LPL Financial Holdings in a research report on Monday, July 10th. Zacks Investment Research lowered LPL Financial Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, September 20th. ValuEngine lowered LPL Financial Holdings from a “buy” rating to a “hold” rating in a research report on Friday. Finally, SunTrust Banks, Inc. raised LPL Financial Holdings from a “hold” rating to a “buy” rating and raised their target price for the stock from $49.00 to $55.00 in a research report on Wednesday, August 16th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $48.60.

TRADEMARK VIOLATION NOTICE: This article was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this article on another domain, it was stolen and reposted in violation of US & international trademark and copyright laws. The correct version of this article can be viewed at https://ledgergazette.com/2017/10/09/lpl-financial-holdings-inc-lpla-shares-sold-by-parametric-portfolio-associates-llc.html.

LPL Financial Holdings Profile

LPL Financial Holdings Inc is a broker-dealer, a custodian for registered investment advisors and an independent consultant to retirement plans. The Company provides a platform of brokerage and investment advisory services to independent financial advisors, including financial advisors at financial institutions across the country.

Institutional Ownership by Quarter for LPL Financial Holdings (NASDAQ:LPLA)

Receive News & Ratings for LPL Financial Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LPL Financial Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply