Aperio Group LLC Lowers Stake in LPL Financial Holdings Inc. (LPLA)

Aperio Group LLC cut its holdings in LPL Financial Holdings Inc. (NASDAQ:LPLA) by 33.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 16,841 shares of the financial services provider’s stock after selling 8,554 shares during the quarter. Aperio Group LLC’s holdings in LPL Financial Holdings were worth $868,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in LPLA. Teachers Advisors LLC increased its stake in shares of LPL Financial Holdings by 52.2% in the first quarter. Teachers Advisors LLC now owns 199,905 shares of the financial services provider’s stock valued at $7,962,000 after buying an additional 68,555 shares in the last quarter. UBS Group AG increased its stake in shares of LPL Financial Holdings by 216.5% in the first quarter. UBS Group AG now owns 8,334 shares of the financial services provider’s stock valued at $332,000 after buying an additional 5,701 shares in the last quarter. BlackRock Inc. increased its stake in shares of LPL Financial Holdings by 11,835.9% in the first quarter. BlackRock Inc. now owns 3,512,602 shares of the financial services provider’s stock valued at $139,907,000 after buying an additional 3,483,173 shares in the last quarter. State Street Corp increased its stake in shares of LPL Financial Holdings by 2.9% in the first quarter. State Street Corp now owns 1,219,612 shares of the financial services provider’s stock valued at $48,583,000 after buying an additional 34,875 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in shares of LPL Financial Holdings by 14.0% in the first quarter. AQR Capital Management LLC now owns 38,856 shares of the financial services provider’s stock valued at $1,548,000 after buying an additional 4,758 shares in the last quarter. Institutional investors own 93.72% of the company’s stock.

In other LPL Financial Holdings news, CEO Dan H. Arnold sold 3,742 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $48.54, for a total transaction of $181,636.68. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 4.00% of the stock is currently owned by company insiders.

A number of analysts have recently weighed in on the company. J P Morgan Chase & Co restated a “neutral” rating and issued a $51.00 target price (up from $48.00) on shares of LPL Financial Holdings in a research note on Friday, August 18th. Nomura raised their target price on LPL Financial Holdings from $53.00 to $58.00 and gave the company a “buy” rating in a research note on Thursday, August 17th. Zacks Investment Research lowered LPL Financial Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, November 1st. SunTrust Banks, Inc. upgraded LPL Financial Holdings from a “hold” rating to a “buy” rating and raised their target price for the company from $49.00 to $55.00 in a research note on Wednesday, August 16th. Finally, ValuEngine lowered LPL Financial Holdings from a “buy” rating to a “hold” rating in a research note on Friday, October 6th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $53.20.

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LPL Financial Holdings Inc. (NASDAQ:LPLA) opened at $49.54 on Tuesday. The stock has a market capitalization of $4,446.37, a PE ratio of 19.80, a P/E/G ratio of 1.64 and a beta of 1.89. LPL Financial Holdings Inc. has a 1-year low of $34.01 and a 1-year high of $53.92. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 2.54.

LPL Financial Holdings (NASDAQ:LPLA) last posted its quarterly earnings results on Thursday, October 26th. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.03. The business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.08 billion. LPL Financial Holdings had a return on equity of 26.03% and a net margin of 5.19%. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.58 earnings per share. equities analysts forecast that LPL Financial Holdings Inc. will post 2.31 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, November 27th. Investors of record on Thursday, November 9th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.02%. The ex-dividend date of this dividend is Wednesday, November 8th. LPL Financial Holdings’s dividend payout ratio is 42.55%.

About LPL Financial Holdings

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.

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

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