LPL Financial Holdings Inc. (LPLA) Shares Bought by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board boosted its position in LPL Financial Holdings Inc. (NASDAQ:LPLA) by 6.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 101,200 shares of the financial services provider’s stock after acquiring an additional 6,200 shares during the quarter. Canada Pension Plan Investment Board owned 0.11% of LPL Financial Holdings worth $5,219,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the stock. Mckinley Capital Management LLC Delaware acquired a new position in shares of LPL Financial Holdings during the second quarter worth about $104,000. Public Employees Retirement Association of Colorado lifted its stake in shares of LPL Financial Holdings by 1.9% during the second quarter. Public Employees Retirement Association of Colorado now owns 2,776 shares of the financial services provider’s stock worth $118,000 after purchasing an additional 52 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of LPL Financial Holdings by 8.2% during the second quarter. The Manufacturers Life Insurance Company now owns 2,794 shares of the financial services provider’s stock worth $119,000 after purchasing an additional 211 shares in the last quarter. Teacher Retirement System of Texas lifted its stake in shares of LPL Financial Holdings by 10.4% during the second quarter. Teacher Retirement System of Texas now owns 6,514 shares of the financial services provider’s stock worth $277,000 after purchasing an additional 611 shares in the last quarter. Finally, Logan Capital Management Inc. acquired a new position in shares of LPL Financial Holdings during the second quarter worth about $287,000. Hedge funds and other institutional investors own 90.26% of the company’s stock.

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LPL Financial Holdings Inc. (LPLA) opened at $49.18 on Wednesday. The company has a market capitalization of $4,485.15, a P/E ratio of 19.97, a PEG ratio of 1.66 and a beta of 1.89. LPL Financial Holdings Inc. has a fifty-two week low of $34.01 and a fifty-two week high of $53.92. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 2.54.

LPL Financial Holdings (NASDAQ:LPLA) last posted its earnings results on Thursday, October 26th. The financial services provider reported $0.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.03. The company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.08 billion. LPL Financial Holdings had a return on equity of 26.03% and a net margin of 5.19%. The business’s revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.58 earnings per share. sell-side analysts predict that LPL Financial Holdings Inc. will post 2.31 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, November 27th. Stockholders of record on Thursday, November 9th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.03%. The ex-dividend date of this dividend is Wednesday, November 8th. LPL Financial Holdings’s dividend payout ratio (DPR) is presently 42.55%.

Several research firms recently commented on LPLA. Citigroup Inc. boosted their price target on LPL Financial Holdings from $63.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday, November 10th. Nomura boosted their price target on LPL Financial Holdings from $64.00 to $65.00 and gave the stock a “buy” rating in a research note on Thursday, November 9th. Zacks Investment Research cut LPL Financial Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, November 8th. J P Morgan Chase & Co boosted their price target on LPL Financial Holdings from $52.00 to $53.00 and gave the stock a “neutral” rating in a research note on Monday, October 30th. Finally, SunTrust Banks, Inc. reiterated a “buy” rating and issued a $65.00 price target on shares of LPL Financial Holdings in a research note on Friday, October 27th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. LPL Financial Holdings currently has a consensus rating of “Hold” and a consensus price target of $53.20.

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)

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