LPL Financial Holdings Inc. (NASDAQ:LPLA) Shares Acquired by Samlyn Capital LLC

Samlyn Capital LLC grew its holdings in shares of LPL Financial Holdings Inc. (NASDAQ:LPLA - Free Report) by 8.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,194,715 shares of the financial services provider's stock after purchasing an additional 88,635 shares during the quarter. LPL Financial makes up about 5.6% of Samlyn Capital LLC's investment portfolio, making the stock its biggest position. Samlyn Capital LLC owned 1.60% of LPL Financial worth $333,684,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. DGS Capital Management LLC lifted its stake in shares of LPL Financial by 2.8% during the 1st quarter. DGS Capital Management LLC now owns 1,625 shares of the financial services provider's stock worth $429,000 after purchasing an additional 44 shares during the period. Oliver Luxxe Assets LLC lifted its stake in shares of LPL Financial by 0.6% during the 4th quarter. Oliver Luxxe Assets LLC now owns 8,152 shares of the financial services provider's stock worth $1,856,000 after purchasing an additional 48 shares during the period. Tortoise Investment Management LLC raised its position in shares of LPL Financial by 74.7% in the 2nd quarter. Tortoise Investment Management LLC now owns 131 shares of the financial services provider's stock worth $37,000 after buying an additional 56 shares during the period. King Luther Capital Management Corp raised its position in shares of LPL Financial by 1.0% in the 2nd quarter. King Luther Capital Management Corp now owns 5,860 shares of the financial services provider's stock worth $1,637,000 after buying an additional 56 shares during the period. Finally, Gulf International Bank UK Ltd raised its position in shares of LPL Financial by 0.9% in the 1st quarter. Gulf International Bank UK Ltd now owns 6,410 shares of the financial services provider's stock worth $1,693,000 after buying an additional 60 shares during the period. Hedge funds and other institutional investors own 95.66% of the company's stock.

Analyst Upgrades and Downgrades

LPLA has been the topic of several research reports. TD Cowen increased their target price on LPL Financial from $243.00 to $255.00 and gave the stock a "hold" rating in a research report on Friday, July 26th. Jefferies Financial Group increased their target price on LPL Financial from $322.00 to $334.00 and gave the stock a "buy" rating in a research report on Monday, July 8th. Keefe, Bruyette & Woods cut their target price on LPL Financial from $326.00 to $315.00 and set an "outperform" rating on the stock in a research report on Friday, July 26th. Barclays lowered their price target on LPL Financial from $313.00 to $273.00 and set an "overweight" rating for the company in a report on Friday, July 26th. Finally, StockNews.com upgraded LPL Financial from a "sell" rating to a "hold" rating in a report on Wednesday, September 11th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $275.27.

LPL Financial Stock Up 0.5 %

Shares of LPL Financial stock traded up $1.18 during trading hours on Tuesday, hitting $222.00. 658,401 shares of the company's stock traded hands, compared to its average volume of 722,475. The stock has a 50 day simple moving average of $215.39 and a 200-day simple moving average of $251.35. The company has a quick ratio of 2.16, a current ratio of 2.16 and a debt-to-equity ratio of 1.77. The company has a market cap of $16.59 billion, a PE ratio of 16.64, a PEG ratio of 1.20 and a beta of 0.88. LPL Financial Holdings Inc. has a twelve month low of $187.19 and a twelve month high of $289.88.

LPL Financial (NASDAQ:LPLA - Get Free Report) last announced its earnings results on Thursday, July 25th. The financial services provider reported $3.88 earnings per share for the quarter, beating the consensus estimate of $3.66 by $0.22. The company had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.89 billion. LPL Financial had a return on equity of 52.14% and a net margin of 8.91%. The company's revenue was up 18.8% on a year-over-year basis. During the same period last year, the firm earned $3.94 earnings per share. Equities research analysts anticipate that LPL Financial Holdings Inc. will post 15.9 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 23rd. Stockholders of record on Friday, August 9th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, August 9th. This represents a $1.20 annualized dividend and a dividend yield of 0.54%. LPL Financial's dividend payout ratio is presently 9.06%.

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.