WINTON GROUP Ltd Has $6.16 Million Stock Position in LPL Financial Holdings Inc. $LPLA

WINTON GROUP Ltd raised its holdings in shares of LPL Financial Holdings Inc. (NASDAQ:LPLA) by 2,011.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,878 shares of the financial services provider’s stock after acquiring an additional 20,842 shares during the quarter. WINTON GROUP Ltd’s holdings in LPL Financial were worth $6,163,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. California State Teachers Retirement System lifted its position in shares of LPL Financial by 29,129.4% in the second quarter. California State Teachers Retirement System now owns 34,308,342 shares of the financial services provider’s stock worth $9,663,974,000 after purchasing an additional 34,190,966 shares in the last quarter. BlackRock Inc. acquired a new stake in LPL Financial in the 2nd quarter valued at $1,333,189,000. Jupiter Topco LLC acquired a new stake in LPL Financial in the 2nd quarter valued at $1,182,595,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in LPL Financial during the 4th quarter worth about $450,493,000. Finally, SurgoCap Partners LP bought a new stake in LPL Financial during the 2nd quarter worth about $299,487,000. 95.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at LPL Financial

In other news, Director Aneri Jambusaria sold 308 shares of the business’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $357.36, for a total value of $110,066.88. Following the completion of the sale, the director owned 6,107 shares of the company’s stock, valued at approximately $2,182,397.52. The trade was a 4.80% 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Matthew Enyedi sold 1,000 shares of the business’s stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $352.72, for a total transaction of $352,720.00. Following the completion of the sale, the director directly owned 13,121 shares of the company’s stock, valued at approximately $4,628,039.12. The trade was a 7.08% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 5,735 shares of company stock valued at $2,020,845 in the last ninety days. 0.60% of the stock is currently owned by corporate insiders.

LPL Financial Trading Down 0.7%

Shares of LPLA stock opened at $347.26 on Friday. LPL Financial Holdings Inc. has a 12-month low of $260.15 and a 12-month high of $400.16. The company has a market capitalization of $27.34 billion, a PE ratio of 27.69, a price-to-earnings-growth ratio of 0.59 and a beta of 0.48. The firm has a 50 day moving average price of $346.10 and a two-hundred day moving average price of $316.14. The company has a quick ratio of 2.39, a current ratio of 2.39 and a debt-to-equity ratio of 1.30.

LPL Financial (NASDAQ:LPLA) last posted its earnings results on Thursday, July 30th. The financial services provider reported $5.84 EPS for the quarter, beating the consensus estimate of $5.39 by $0.45. The company had revenue of $5.19 billion for the quarter, compared to the consensus estimate of $5.04 billion. LPL Financial had a return on equity of 32.20% and a net margin of 5.13%.The firm’s revenue for the quarter was up 35.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.51 earnings per share. As a group, analysts predict that LPL Financial Holdings Inc. will post 24.06 earnings per share for the current year.

LPL Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Friday, August 14th. LPL Financial’s dividend payout ratio is currently 9.57%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on LPLA shares. Keefe, Bruyette & Woods raised their price objective on LPL Financial from $365.00 to $390.00 and gave the company an “outperform” rating in a report on Friday, July 31st. JPMorgan Chase & Co. upped their target price on LPL Financial from $408.00 to $428.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. Wolfe Research reissued an “outperform” rating and set a $454.00 price target on shares of LPL Financial in a research report on Wednesday, August 12th. Weiss Ratings restated a “hold (c)” rating on shares of LPL Financial in a research note on Friday, July 24th. Finally, BMO Capital Markets boosted their price target on LPL Financial from $300.00 to $390.00 and gave the stock an “outperform” rating in a research report on Monday, August 3rd. Twelve equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $405.79.

LPL Financial Company Profile

LPL Financial Holdings Inc (NASDAQ:LPLA) is the parent company of LPL Financial LLC, an independent broker-dealer and registered investment adviser that provides services and support to financial advisors. Rather than operating primarily through a proprietary branch network, LPL enables independent financial professionals, registered investment advisers, and advisors affiliated with banks and credit unions to operate their own practices while accessing investment products, technology, and business resources.

The company’s platform supports brokerage and fee-based advisory services, retirement plan services, insurance and annuity products, alternative investments, cash management, research, compliance, and practice management.