LPL Financial Holdings Inc. (NASDAQ:LPLA) is Clarkston Capital Partners LLC's 9th Largest Position

Clarkston Capital Partners LLC lowered its stake in shares of LPL Financial Holdings Inc. (NASDAQ:LPLA - Free Report) by 1.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 977,030 shares of the financial services provider's stock after selling 15,585 shares during the period. LPL Financial makes up 4.2% of Clarkston Capital Partners LLC's investment portfolio, making the stock its 9th biggest holding. Clarkston Capital Partners LLC owned about 1.31% of LPL Financial worth $227,286,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC grew its position in shares of LPL Financial by 9.9% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,589,793 shares of the financial services provider's stock valued at $723,329,000 after acquiring an additional 233,242 shares during the period. Boston Partners raised its position in shares of LPL Financial by 71.9% during the 1st quarter. Boston Partners now owns 1,765,230 shares of the financial services provider's stock valued at $466,434,000 after buying an additional 738,509 shares in the last quarter. Samlyn Capital LLC raised its position in shares of LPL Financial by 8.0% during the 2nd quarter. Samlyn Capital LLC now owns 1,194,715 shares of the financial services provider's stock valued at $333,684,000 after buying an additional 88,635 shares in the last quarter. Epoch Investment Partners Inc. raised its position in LPL Financial by 19.8% in the 1st quarter. Epoch Investment Partners Inc. now owns 927,369 shares of the financial services provider's stock worth $245,011,000 after purchasing an additional 153,072 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its position in LPL Financial by 11.3% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 884,630 shares of the financial services provider's stock worth $247,077,000 after purchasing an additional 90,020 shares during the period. Institutional investors and hedge funds own 95.66% of the company's stock.

LPL Financial Trading Up 0.2 %

NASDAQ:LPLA traded up $0.75 during trading hours on Monday, reaching $314.77. 559,709 shares of the stock were exchanged, compared to its average volume of 741,901. The company has a market capitalization of $23.57 billion, a price-to-earnings ratio of 23.67, a PEG ratio of 1.54 and a beta of 0.85. The company has a quick ratio of 2.16, a current ratio of 2.16 and a debt-to-equity ratio of 1.60. LPL Financial Holdings Inc. has a twelve month low of $187.19 and a twelve month high of $322.03. The business has a 50-day moving average of $252.22 and a two-hundred day moving average of $251.23.

LPL Financial (NASDAQ:LPLA - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $4.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.69 by $0.47. LPL Financial had a return on equity of 49.47% and a net margin of 8.73%. The company had revenue of $3.11 billion for the quarter, compared to analyst estimates of $3.04 billion. During the same quarter last year, the company posted $3.74 earnings per share. The business's quarterly revenue was up 6.0% compared to the same quarter last year. On average, equities analysts predict that LPL Financial Holdings Inc. will post 16.08 EPS for the current year.

LPL Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Thursday, November 14th will be given a dividend of $0.30 per share. The ex-dividend date is Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.38%. LPL Financial's payout ratio is 9.02%.

Analyst Ratings Changes

LPLA has been the topic of a number of research reports. StockNews.com raised shares of LPL Financial from a "sell" rating to a "hold" rating in a research note on Saturday, November 9th. Bank of America raised shares of LPL Financial from a "neutral" rating to a "buy" rating and set a $268.00 price target on the stock in a report on Tuesday, July 30th. JMP Securities reaffirmed a "market outperform" rating and set a $310.00 price target on shares of LPL Financial in a research report on Wednesday, October 9th. Barclays upped their price target on LPL Financial from $273.00 to $311.00 and gave the stock an "overweight" rating in a research report on Thursday, October 31st. Finally, Morgan Stanley upped their price target on LPL Financial from $303.00 to $309.00 and gave the stock an "overweight" rating in a research report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $286.92.

LPL Financial Company 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.