Tybourne Capital Management HK Ltd. Has $25.23 Million Stake in LPL Financial Holdings Inc. (NASDAQ:LPLA)

Tybourne Capital Management HK Ltd. trimmed its position in shares of LPL Financial Holdings Inc. (NASDAQ:LPLA) by 55.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 77,285 shares of the financial services provider’s stock after selling 95,415 shares during the quarter. LPL Financial accounts for 6.3% of Tybourne Capital Management HK Ltd.’s portfolio, making the stock its 5th largest position. Tybourne Capital Management HK Ltd. owned approximately 0.10% of LPL Financial worth $25,234,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Graney & King LLC bought a new stake in LPL Financial during the 4th quarter worth approximately $30,000. Itau Unibanco Holding S.A. acquired a new position in shares of LPL Financial in the fourth quarter valued at approximately $42,000. Jones Financial Companies Lllp increased its position in shares of LPL Financial by 45.3% during the fourth quarter. Jones Financial Companies Lllp now owns 138 shares of the financial services provider’s stock worth $45,000 after acquiring an additional 43 shares in the last quarter. Atala Financial Inc acquired a new stake in shares of LPL Financial during the fourth quarter worth $59,000. Finally, Compass Financial Services Inc bought a new stake in LPL Financial in the 4th quarter valued at $65,000. Institutional investors and hedge funds own 95.66% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on LPLA shares. Keefe, Bruyette & Woods lifted their price target on LPL Financial from $390.00 to $405.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Citigroup dropped their target price on LPL Financial from $415.00 to $400.00 and set a “buy” rating on the stock in a research report on Wednesday, April 2nd. Morgan Stanley upped their price target on LPL Financial from $379.00 to $413.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. UBS Group lifted their price objective on shares of LPL Financial from $390.00 to $420.00 and gave the company a “buy” rating in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. increased their target price on shares of LPL Financial from $397.00 to $405.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. One equities research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $374.42.

LPL Financial Stock Performance

NASDAQ LPLA opened at $384.61 on Monday. The firm has a market capitalization of $30.76 billion, a P/E ratio of 27.39, a price-to-earnings-growth ratio of 0.94 and a beta of 0.65. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 1.60. The firm’s fifty day moving average price is $326.05 and its two-hundred day moving average price is $333.86. LPL Financial Holdings Inc. has a 1 year low of $187.19 and a 1 year high of $390.23.

LPL Financial (NASDAQ:LPLA) last released its quarterly earnings data on Thursday, May 8th. The financial services provider reported $5.15 earnings per share for the quarter, topping the consensus estimate of $4.54 by $0.61. LPL Financial had a net margin of 8.55% and a return on equity of 49.41%. The company had revenue of $3.67 billion for the quarter, compared to analyst estimates of $3.63 billion. During the same period in the previous year, the business earned $3.83 EPS. LPL Financial’s revenue for the quarter was up 4.5% compared to the same quarter last year. As a group, research analysts anticipate that LPL Financial Holdings Inc. will post 19.35 EPS for the current year.

LPL Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Friday, May 30th will be paid a $0.30 dividend. The ex-dividend date is Friday, May 30th. This represents a $1.20 annualized dividend and a yield of 0.31%. LPL Financial’s dividend payout ratio is 8.30%.

Insider Activity

In other LPL Financial news, Director Marc Eliot Cohen sold 1,100 shares of LPL Financial stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $365.85, for a total transaction of $402,435.00. Following the completion of the transaction, the director now directly owns 4,075 shares of the company’s stock, valued at $1,490,838.75. The trade was a 21.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Matthew J. Audette sold 4,588 shares of the company’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $360.07, for a total transaction of $1,652,001.16. Following the completion of the transaction, the chief financial officer now owns 16,538 shares in the company, valued at approximately $5,954,837.66. This represents a 21.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

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.