Vanguard Personalized Indexing Management LLC Has $2.18 Million Stock Holdings in LPL Financial Holdings Inc. (NASDAQ:LPLA)

Vanguard Personalized Indexing Management LLC lifted its position in LPL Financial Holdings Inc. (NASDAQ:LPLA) by 0.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,875 shares of the financial services provider’s stock after buying an additional 74 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in LPL Financial were worth $2,184,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Intech Investment Management LLC boosted its holdings in LPL Financial by 38.8% during the first quarter. Intech Investment Management LLC now owns 41,850 shares of the financial services provider’s stock valued at $11,057,000 after acquiring an additional 11,703 shares during the period. Acadian Asset Management LLC grew its holdings in LPL Financial by 533.8% in the 1st quarter. Acadian Asset Management LLC now owns 5,153 shares of the financial services provider’s stock valued at $1,359,000 after buying an additional 4,340 shares during the last quarter. Swedbank AB bought a new position in LPL Financial in the 1st quarter worth approximately $3,648,000. Sei Investments Co. increased its position in LPL Financial by 23.4% in the 1st quarter. Sei Investments Co. now owns 113,254 shares of the financial services provider’s stock worth $29,923,000 after buying an additional 21,481 shares during the period. Finally, Raymond James & Associates boosted its position in shares of LPL Financial by 5.4% in the second quarter. Raymond James & Associates now owns 394,091 shares of the financial services provider’s stock valued at $110,070,000 after acquiring an additional 20,123 shares during the period. 95.66% of the stock is owned by institutional investors.

LPL Financial Stock Down 2.4 %

Shares of NASDAQ LPLA opened at $215.52 on Friday. The business has a fifty day moving average of $216.25 and a two-hundred day moving average of $251.88. The company has a debt-to-equity ratio of 1.77, a quick ratio of 2.16 and a current ratio of 2.16. LPL Financial Holdings Inc. has a 52-week low of $187.19 and a 52-week high of $289.88. The stock has a market cap of $16.10 billion, a PE ratio of 16.28, a PEG ratio of 1.20 and a beta of 0.88.

LPL Financial (NASDAQ:LPLA) last announced its quarterly earnings results on Thursday, July 25th. The financial services provider reported $3.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.66 by $0.22. The firm had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.89 billion. LPL Financial had a net margin of 8.91% and a return on equity of 52.14%. The firm’s quarterly revenue was up 18.8% on a year-over-year basis. During the same period last year, the firm posted $3.94 EPS. As a group, equities research analysts expect that LPL Financial Holdings Inc. will post 15.9 earnings per share for the current fiscal year.

LPL Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, August 9th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, August 9th. This represents a $1.20 dividend on an annualized basis and a yield of 0.56%. LPL Financial’s dividend payout ratio (DPR) is presently 9.06%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on LPLA shares. Jefferies Financial Group boosted their target price on shares of LPL Financial from $322.00 to $334.00 and gave the stock a “buy” rating in a research report on Monday, July 8th. Wells Fargo & Company started coverage on shares of LPL Financial in a research report on Thursday, September 12th. They set an “equal weight” rating and a $235.00 price objective for the company. Keefe, Bruyette & Woods reduced their target price on shares of LPL Financial from $326.00 to $315.00 and set an “outperform” rating for the company in a research note on Friday, July 26th. StockNews.com upgraded LPL Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, September 11th. Finally, TD Cowen raised their price objective on LPL Financial from $243.00 to $255.00 and gave the stock a “hold” rating in a research report on Friday, July 26th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, LPL Financial currently has an average rating of “Hold” and an average price target of $275.27.

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.