Two Sigma Securities LLC Purchases 2,530 Shares of LPL Financial Holdings Inc. $LPLA

Two Sigma Securities LLC grew its position in LPL Financial Holdings Inc. (NASDAQ:LPLA) by 59.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,789 shares of the financial services provider’s stock after purchasing an additional 2,530 shares during the quarter. Two Sigma Securities LLC’s holdings in LPL Financial were worth $1,912,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in LPLA. Wedbush Securities Inc. acquired a new stake in LPL Financial during the 2nd quarter worth approximately $254,000. Thornburg Investment Management Inc. lifted its holdings in shares of LPL Financial by 48.5% during the second quarter. Thornburg Investment Management Inc. now owns 54,967 shares of the financial services provider’s stock worth $15,483,000 after buying an additional 17,957 shares in the last quarter. Van ECK Associates Corp boosted its position in shares of LPL Financial by 4.5% in the second quarter. Van ECK Associates Corp now owns 1,048,344 shares of the financial services provider’s stock valued at $295,298,000 after acquiring an additional 45,367 shares during the period. Nissay Asset Management Corp Japan boosted its position in shares of LPL Financial by 4.5% in the second quarter. Nissay Asset Management Corp Japan now owns 10,760 shares of the financial services provider’s stock valued at $3,031,000 after acquiring an additional 459 shares during the period. Finally, Hsbc Holdings PLC grew its stake in shares of LPL Financial by 60.6% in the second quarter. Hsbc Holdings PLC now owns 70,358 shares of the financial services provider’s stock valued at $19,782,000 after acquiring an additional 26,562 shares in the last quarter. Institutional investors own 95.66% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on LPLA. Wolfe Research reissued an “outperform” rating and issued a $454.00 price objective on shares of LPL Financial in a report on Wednesday, August 12th. BMO Capital Markets lifted their price target on shares of LPL Financial from $300.00 to $390.00 and gave the company an “outperform” rating in a research report on Monday, August 3rd. Morgan Stanley lifted their price target on shares of LPL Financial from $374.00 to $387.00 and gave the company an “overweight” rating in a research report on Friday, July 10th. Keefe, Bruyette & Woods boosted their price target on LPL Financial from $365.00 to $390.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Finally, TD Cowen increased their price target on LPL Financial from $330.00 to $372.00 and gave the stock a “hold” rating in a research report on Friday, July 31st. Twelve investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $406.69.

LPL Financial Price Performance

LPLA stock opened at $370.69 on Monday. The company’s 50-day moving average price is $333.13 and its two-hundred day moving average price is $314.67. The firm has a market cap of $29.19 billion, a P/E ratio of 29.56, a P/E/G ratio of 0.62 and a beta of 0.48. 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 Holdings Inc. has a 12 month low of $260.15 and a 12 month high of $400.16.

LPL Financial (NASDAQ:LPLA) last issued its quarterly earnings results on Thursday, July 30th. The financial services provider reported $5.84 earnings per share for the quarter, topping analysts’ consensus estimates of $5.39 by $0.45. The company had revenue of $5.19 billion during the quarter, compared to the consensus estimate of $5.04 billion. LPL Financial had a net margin of 5.13% and a return on equity of 32.20%. The firm’s quarterly revenue was up 35.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.51 EPS. On average, analysts anticipate that LPL Financial Holdings Inc. will post 24.09 earnings per share for the current fiscal year.

LPL Financial Announces Dividend

The firm also recently announced 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 dividend yield of 0.3%. The ex-dividend date of this dividend was Friday, August 14th. LPL Financial’s dividend payout ratio (DPR) is currently 9.57%.

Insider Buying and Selling at LPL Financial

In related news, Director Greg Gates sold 4,119 shares of the company’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $355.38, for a total transaction of $1,463,810.22. Following the completion of the sale, the director directly owned 23,602 shares in the company, valued at $8,387,678.76. This represents a 14.86% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Aneri Jambusaria sold 308 shares of the firm’s stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $306.00, for a total value of $94,248.00. Following the completion of the sale, the director directly owned 6,415 shares in the company, valued at $1,962,990. This trade represents a 4.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 5,427 shares of company stock valued at $1,910,778. 0.60% of the stock is currently owned by corporate insiders.

LPL Financial Company Profile

LPL Financial (NASDAQ: LPLA) is a U.S.-focused financial services firm that provides brokerage, custodial and advisory platforms to independent financial advisors, registered investment advisers and institutions. Operating primarily as an independent broker-dealer and custodian, the company supports a network of advisors with the operational, compliance and clearing infrastructure needed to manage client accounts and deliver investment advice outside of traditional wirehouse models.

The firm’s product and service offerings include trade execution and clearing, custody services, retirement plan services, model portfolio and advisory platforms, wealth management technology, investment research and product access across equities, fixed income, mutual funds, exchange-traded funds and insurance and annuity solutions.