Machina Capital S.A.S. Boosts Stake in LPL Financial Holdings Inc. $LPLA

Machina Capital S.A.S. boosted its position in shares of LPL Financial Holdings Inc. (NASDAQ:LPLA) by 54.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,999 shares of the financial services provider’s stock after buying an additional 1,055 shares during the period. Machina Capital S.A.S.’s holdings in LPL Financial were worth $1,125,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in LPLA. Vanguard Group Inc. boosted its position in shares of LPL Financial by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 7,372,857 shares of the financial services provider’s stock valued at $2,411,956,000 after acquiring an additional 154,200 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its position in LPL Financial by 0.8% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,681,617 shares of the financial services provider’s stock valued at $877,264,000 after purchasing an additional 20,881 shares during the last quarter. WCM Investment Management LLC lifted its position in LPL Financial by 5.8% during the second quarter. WCM Investment Management LLC now owns 1,730,777 shares of the financial services provider’s stock valued at $631,664,000 after purchasing an additional 95,423 shares during the last quarter. Dodge & Cox grew its stake in shares of LPL Financial by 224.1% in the 1st quarter. Dodge & Cox now owns 1,523,460 shares of the financial services provider’s stock worth $498,385,000 after buying an additional 1,053,351 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its holdings in shares of LPL Financial by 35.9% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,516,060 shares of the financial services provider’s stock worth $495,964,000 after buying an additional 400,352 shares during the last quarter. Institutional investors own 95.66% of the company’s stock.

Insider Transactions at LPL Financial

In other news, Director Aneri Jambusaria sold 80 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were 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 of the company’s stock, valued at approximately $2,016,497.50. This trade represents a 1.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Greg Gates sold 1,500 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director owned 17,620 shares of the company’s stock, valued at $5,959,260.20. The trade was a 7.85% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 2,330 shares of company stock worth $772,030 over the last 90 days. Insiders own 0.70% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on LPLA shares. Raymond James Financial raised shares of LPL Financial from an “underperform” rating to a “market perform” rating in a report on Thursday, October 9th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $421.00 price objective on shares of LPL Financial in a research note on Friday. Morgan Stanley cut their target price on LPL Financial from $490.00 to $462.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 1st. Rothschild & Co Redburn lowered LPL Financial from a “buy” rating to a “neutral” rating and set a $390.00 price target on the stock. in a report on Friday, September 19th. Finally, JPMorgan Chase & Co. dropped 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 note on Monday, October 20th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $429.00.

LPL Financial Price Performance

LPLA opened at $378.94 on Tuesday. The business has a fifty day moving average of $340.14 and a 200 day moving average of $357.14. The stock has a market cap of $30.32 billion, a P/E ratio of 34.89, a PEG ratio of 0.88 and a beta of 0.63. The company has a quick ratio of 3.22, a current ratio of 3.22 and a debt-to-equity ratio of 1.41. LPL Financial Holdings Inc. has a 52-week low of $262.83 and a 52-week high of $403.58.

LPL Financial (NASDAQ:LPLA) last released its earnings results on Thursday, October 30th. The financial services provider reported $5.20 earnings per share for the quarter, topping the consensus estimate of $4.49 by $0.71. The business had revenue of $4.55 billion during the quarter, compared to the consensus estimate of $4.08 billion. LPL Financial had a return on equity of 40.11% and a net margin of 5.35%.The business’s revenue for the quarter was up 46.4% compared to the same quarter last year. During the same period last year, the company earned $4.16 earnings per share. As a group, sell-side analysts anticipate that LPL Financial Holdings Inc. will post 19.35 EPS for the current year.

LPL Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Thursday, November 13th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Thursday, November 13th. LPL Financial’s payout ratio is 11.05%.

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.