Frontier Capital Management Co. LLC lessened its stake in shares of LPL Financial Holdings Inc. (NASDAQ:LPLA) by 1.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 223,639 shares of the financial services provider’s stock after selling 3,342 shares during the quarter. Frontier Capital Management Co. LLC owned about 0.25% of LPL Financial Holdings worth $11,533,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Janus Henderson Group PLC acquired a new stake in LPL Financial Holdings during the 2nd quarter valued at $399,202,000. Vanguard Group Inc. grew its holdings in LPL Financial Holdings by 10.4% during the 2nd quarter. Vanguard Group Inc. now owns 8,779,510 shares of the financial services provider’s stock valued at $372,778,000 after buying an additional 827,372 shares during the last quarter. BlackRock Inc. grew its holdings in LPL Financial Holdings by 1.3% during the 2nd quarter. BlackRock Inc. now owns 3,558,615 shares of the financial services provider’s stock valued at $151,098,000 after buying an additional 46,013 shares during the last quarter. Samlyn Capital LLC grew its holdings in LPL Financial Holdings by 55.6% during the 2nd quarter. Samlyn Capital LLC now owns 1,480,439 shares of the financial services provider’s stock valued at $62,860,000 after buying an additional 528,780 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in LPL Financial Holdings by 3.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,456,934 shares of the financial services provider’s stock valued at $61,860,000 after buying an additional 42,820 shares during the last quarter. Hedge funds and other institutional investors own 90.18% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This story was first posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this story on another site, it was stolen and republished in violation of U.S. and international trademark and copyright legislation. The original version of this story can be read at https://www.thecerbatgem.com/2017/11/08/frontier-capital-management-co-llc-has-11-53-million-holdings-in-lpl-financial-holdings-inc-lpla.html.

LPL Financial Holdings Inc. (NASDAQ:LPLA) opened at $49.34 on Wednesday. The company has a debt-to-equity ratio of 2.54, a current ratio of 1.48 and a quick ratio of 1.48. The firm has a market capitalization of $4,450.00, a price-to-earnings ratio of 20.17, a P/E/G ratio of 1.67 and a beta of 1.89. LPL Financial Holdings Inc. has a 52-week low of $32.14 and a 52-week high of $53.92.

LPL Financial Holdings (NASDAQ:LPLA) last issued its earnings results on Thursday, October 26th. The financial services provider reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.03. The business had revenue of $1.06 billion for 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 quarterly revenue was up 4.6% on a year-over-year basis. During the same period last year, the company posted $0.58 EPS. analysts predict that LPL Financial Holdings Inc. will post 2.31 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, November 27th. Investors of record on Thursday, November 9th will be given a $0.25 dividend. 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 currently 42.37%.

LPLA has been the topic of a number of analyst reports. BidaskClub upgraded LPL Financial Holdings from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. Citigroup Inc. increased their price target on LPL Financial Holdings from $60.50 to $65.00 and gave the stock a “buy” rating in a research note on Monday, October 30th. Nomura increased their price target on LPL Financial Holdings from $53.00 to $58.00 and gave the stock a “buy” rating in a research note on Thursday, August 17th. SunTrust Banks, Inc. raised LPL Financial Holdings from a “hold” rating to a “buy” rating and increased their price target for the stock from $49.00 to $55.00 in a research note on Wednesday, August 16th. Finally, Zacks Investment Research raised LPL Financial Holdings from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a research note on Thursday, October 26th. Two analysts have rated the stock with a sell rating, five have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $52.50.

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.

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

Receive News & Stock 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 stocks with our FREE daily email newsletter.