R Squared Ltd Has $464,000 Holdings in LPL Financial Holdings Inc. $LPLA

R Squared Ltd raised its position in shares of LPL Financial Holdings Inc. (NASDAQ:LPLA) by 99.5% in the second quarter, HoldingsChannel.com reports. The firm owned 1,237 shares of the financial services provider’s stock after purchasing an additional 617 shares during the quarter. R Squared Ltd’s holdings in LPL Financial were worth $464,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in LPLA. Summit Securities Group LLC acquired a new stake in LPL Financial during the 1st quarter valued at approximately $26,000. Millstone Evans Group LLC grew its position in shares of LPL Financial by 123.1% during the 1st quarter. Millstone Evans Group LLC now owns 87 shares of the financial services provider’s stock worth $28,000 after buying an additional 48 shares during the period. Private Trust Co. NA grew its position in shares of LPL Financial by 234.5% during the 1st quarter. Private Trust Co. NA now owns 97 shares of the financial services provider’s stock worth $32,000 after buying an additional 68 shares during the period. TCTC Holdings LLC grew its position in shares of LPL Financial by 116.7% during the 1st quarter. TCTC Holdings LLC now owns 104 shares of the financial services provider’s stock worth $34,000 after buying an additional 56 shares during the period. Finally, Maseco LLP acquired a new stake in shares of LPL Financial during the 2nd quarter worth approximately $34,000. Institutional investors and hedge funds own 95.66% of the company’s stock.

LPL Financial Price Performance

Shares of LPLA opened at $340.25 on Friday. LPL Financial Holdings Inc. has a 12-month low of $259.86 and a 12-month high of $403.58. The business’s fifty day moving average is $340.56 and its 200 day moving average is $354.23. The company has a quick ratio of 3.22, a current ratio of 3.22 and a debt-to-equity ratio of 1.41. The stock has a market cap of $27.22 billion, a P/E ratio of 23.27, a P/E/G ratio of 0.79 and a beta of 0.61.

LPL Financial (NASDAQ:LPLA) last issued its earnings results on Thursday, July 31st. The financial services provider reported $4.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.21 by $0.30. LPL Financial had a return on equity of 39.80% and a net margin of 7.91%.The company had revenue of $3.84 billion for the quarter, compared to analysts’ expectations of $3.77 billion. During the same period last year, the business earned $3.88 EPS. LPL Financial’s quarterly revenue was up 30.8% compared to the same quarter last year. Sell-side analysts anticipate that LPL Financial Holdings Inc. will post 19.35 earnings per share for the current fiscal year.

Insider Buying and Selling at LPL Financial

In other LPL Financial news, Director Aneri Jambusaria sold 80 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $361.25, for a total transaction of $28,900.00. Following the transaction, the director directly owned 5,582 shares in the company, valued at approximately $2,016,497.50. This trade represents a 1.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Greg Gates sold 1,500 shares of the firm’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $338.21, for a total value of $507,315.00. Following the transaction, the director owned 17,620 shares in the company, valued at approximately $5,959,260.20. This trade represents a 7.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,830 shares of company stock worth $1,333,105. Company insiders own 1.30% of the company’s stock.

Analysts Set New Price Targets

LPLA has been the subject of several recent analyst reports. BMO Capital Markets initiated coverage on shares of LPL Financial in a research report on Friday, October 3rd. They set an “outperform” rating and a $365.00 price objective for the company. Barclays reduced their price objective on shares of LPL Financial from $460.00 to $411.00 and set an “overweight” rating for the company in a research report on Wednesday, October 8th. JPMorgan Chase & Co. reduced their price objective on shares of LPL Financial from $463.00 to $438.00 and set an “overweight” rating for the company in a research report on Monday, October 20th. TD Cowen downgraded shares of LPL Financial from a “strong-buy” rating to a “hold” rating and reduced their price objective for the stock from $406.00 to $403.00 in a research report on Wednesday, July 9th. Finally, Rothschild Redb downgraded shares of LPL Financial from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 19th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $398.38.

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.