LPL Financial Holdings Inc. (NASDAQ:LPLA) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in shares of LPL Financial Holdings Inc. (NASDAQ:LPLA) by 6.1% in the third quarter, according to its most recent filing with the SEC. The firm owned 615,237 shares of the financial services provider’s stock after selling 40,214 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.82% of LPL Financial worth $143,123,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of LPLA. Ashton Thomas Private Wealth LLC acquired a new stake in LPL Financial during the 2nd quarter worth about $25,000. Key Financial Inc acquired a new stake in shares of LPL Financial during the second quarter valued at approximately $28,000. Ashton Thomas Securities LLC purchased a new stake in shares of LPL Financial in the 3rd quarter valued at approximately $31,000. Paladin Wealth LLC acquired a new position in LPL Financial in the 3rd quarter worth approximately $34,000. Finally, Crewe Advisors LLC grew its position in 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 owned by institutional investors and hedge funds.

LPL Financial Trading Down 0.2 %

Shares of NASDAQ LPLA opened at $325.15 on Monday. LPL Financial Holdings Inc. has a twelve month low of $187.19 and a twelve month high of $330.72. The stock has a market cap of $24.35 billion, a price-to-earnings ratio of 24.45, a P/E/G ratio of 1.59 and a beta of 0.85. The company has a quick ratio of 2.16, a current ratio of 2.16 and a debt-to-equity ratio of 1.60. The company’s fifty day moving average is $274.56 and its 200-day moving average is $255.03.

LPL Financial (NASDAQ:LPLA) last posted its earnings results on Wednesday, October 30th. The financial services provider reported $4.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.69 by $0.47. LPL Financial had a return on equity of 49.47% and a net margin of 8.73%. The business had revenue of $3.11 billion during the quarter, compared to analysts’ expectations of $3.04 billion. During the same period in the prior year, the business earned $3.74 EPS. LPL Financial’s revenue for the quarter was up 6.0% compared to the same quarter last year. Equities research analysts predict that LPL Financial Holdings Inc. will post 16.1 EPS for the current year.

LPL Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Thursday, November 14th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.37%. The ex-dividend date of this dividend is Thursday, November 14th. LPL Financial’s dividend payout ratio is presently 9.02%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on LPLA. JMP Securities reiterated a “market outperform” rating and issued a $310.00 target price on shares of LPL Financial in a report on Wednesday, October 9th. Barclays upped their price objective on shares of LPL Financial from $273.00 to $311.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. TD Cowen lifted their target price on shares of LPL Financial from $271.00 to $277.00 and gave the company a “hold” rating in a research note on Thursday, October 31st. Morgan Stanley upped their price target on shares of LPL Financial from $303.00 to $309.00 and gave the stock an “overweight” rating in a research note on Thursday, October 17th. Finally, The Goldman Sachs Group lifted their price objective on LPL Financial from $271.00 to $305.00 and gave the company a “buy” rating in a research report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $290.83.

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.