TT International Asset Management LTD Acquires 777 Shares of LPL Financial Holdings Inc. (NASDAQ:LPLA)

TT International Asset Management LTD raised its holdings in shares of LPL Financial Holdings Inc. (NASDAQ:LPLA) by 6.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,043 shares of the financial services provider’s stock after purchasing an additional 777 shares during the quarter. LPL Financial accounts for approximately 0.6% of TT International Asset Management LTD’s investment portfolio, making the stock its 21st largest holding. TT International Asset Management LTD’s holdings in LPL Financial were worth $3,932,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ashton Thomas Private Wealth LLC bought a new stake in shares of LPL Financial in the second quarter valued at about $25,000. Ashton Thomas Securities LLC acquired a new stake in shares of LPL Financial in the 3rd quarter worth $31,000. Paladin Wealth LLC acquired a new stake in shares of LPL Financial in the 3rd quarter worth $34,000. Brooklyn Investment Group acquired a new stake in shares of LPL Financial in the 3rd quarter worth $43,000. Finally, First Horizon Advisors Inc. boosted its position in shares of LPL Financial by 32.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 385 shares of the financial services provider’s stock worth $90,000 after purchasing an additional 94 shares in the last quarter. 95.66% of the stock is currently owned by institutional investors.

LPL Financial Trading Down 0.9 %

LPLA opened at $330.41 on Monday. LPL Financial Holdings Inc. has a one year low of $187.19 and a one year high of $344.86. The stock has a market capitalization of $24.74 billion, a PE ratio of 24.84, a P/E/G ratio of 1.60 and a beta of 0.87. The business’s 50 day moving average price is $323.22 and its 200 day moving average price is $265.73. 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 released its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $4.16 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 company had revenue of $3.11 billion for the quarter, compared to analysts’ expectations of $3.04 billion. During the same period in the prior year, the firm earned $3.74 earnings per share. The firm’s revenue was up 6.0% compared to the same quarter last year. As a group, equities research analysts expect that LPL Financial Holdings Inc. will post 16.1 EPS for the current year.

LPL Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Thursday, November 14th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.36%. The ex-dividend date was Thursday, November 14th. LPL Financial’s dividend payout ratio is currently 9.02%.

Analysts Set New Price Targets

A number of analysts have commented on LPLA shares. The Goldman Sachs Group lifted their price target on LPL Financial from $271.00 to $305.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Barclays lifted their price target on LPL Financial from $311.00 to $378.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. StockNews.com raised LPL Financial from a “sell” rating to a “hold” rating in a report on Saturday, November 9th. JPMorgan Chase & Co. upgraded LPL Financial from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $288.00 to $397.00 in a research note on Tuesday, January 7th. Finally, Morgan Stanley lifted their price target on LPL Financial from $303.00 to $309.00 and gave the company an “overweight” rating in a research note on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $351.42.

Insider Activity at LPL Financial

In other LPL Financial news, Director Aneri Jambusaria sold 305 shares of the firm’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $331.94, for a total transaction of $101,241.70. Following the transaction, the director now owns 3,920 shares of the company’s stock, valued at approximately $1,301,204.80. This trade represents a 7.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.30% of the stock is currently owned by corporate insiders.

About LPL Financial

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.