Natixis Advisors LLC Sells 5,817 Shares of LPL Financial Holdings Inc. (NASDAQ:LPLA)

Natixis Advisors LLC cut its stake in LPL Financial Holdings Inc. (NASDAQ:LPLA - Free Report) by 9.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 53,814 shares of the financial services provider's stock after selling 5,817 shares during the quarter. Natixis Advisors LLC owned 0.07% of LPL Financial worth $12,519,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Acadian Asset Management LLC increased its position in shares of LPL Financial by 533.8% during the 1st quarter. Acadian Asset Management LLC now owns 5,153 shares of the financial services provider's stock valued at $1,359,000 after purchasing an additional 4,340 shares during the last quarter. UniSuper Management Pty Ltd boosted its stake in shares of LPL Financial by 83.3% during the 1st quarter. UniSuper Management Pty Ltd now owns 1,100 shares of the financial services provider's stock worth $291,000 after acquiring an additional 500 shares during the last quarter. Axxcess Wealth Management LLC grew its position in shares of LPL Financial by 52.3% during the 1st quarter. Axxcess Wealth Management LLC now owns 2,217 shares of the financial services provider's stock valued at $586,000 after acquiring an additional 761 shares during the period. Toronto Dominion Bank grew its position in shares of LPL Financial by 584.7% during the 1st quarter. Toronto Dominion Bank now owns 67,213 shares of the financial services provider's stock valued at $17,758,000 after acquiring an additional 57,396 shares during the period. Finally, Canada Pension Plan Investment Board increased its stake in shares of LPL Financial by 12.7% in the 1st quarter. Canada Pension Plan Investment Board now owns 783,777 shares of the financial services provider's stock worth $207,074,000 after purchasing an additional 88,241 shares in the last quarter. 95.66% of the stock is owned by hedge funds and other institutional investors.

LPL Financial Stock Performance

Shares of NASDAQ:LPLA opened at $317.05 on Thursday. The firm has a fifty day simple moving average of $258.57 and a two-hundred day simple moving average of $252.31. The company has a quick ratio of 2.16, a current ratio of 2.16 and a debt-to-equity ratio of 1.60. The stock has a market capitalization of $23.74 billion, a P/E ratio of 23.84, a PEG ratio of 1.54 and a beta of 0.85. LPL Financial Holdings Inc. has a 52 week low of $187.19 and a 52 week high of $322.03.

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, beating analysts' consensus estimates of $3.69 by $0.47. The business had revenue of $3.11 billion for the quarter, compared to the consensus estimate of $3.04 billion. LPL Financial had a return on equity of 49.47% and a net margin of 8.73%. The company's quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the business posted $3.74 earnings per share. On average, analysts expect that LPL Financial Holdings Inc. will post 16.08 earnings per share for the current fiscal year.

LPL Financial Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Citigroup boosted their price objective on LPL Financial from $285.00 to $310.00 and gave the company a "buy" rating in a research note on Thursday, October 31st. StockNews.com upgraded shares of LPL Financial from a "sell" rating to a "hold" rating in a research report on Saturday, November 9th. Wells Fargo & Company upgraded shares of LPL Financial from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $235.00 to $285.00 in a research note on Wednesday, October 9th. Jefferies Financial Group cut their price target on LPL Financial from $309.00 to $282.00 and set a "buy" rating for the company in a research note on Friday, October 4th. Finally, JMP Securities restated a "market outperform" rating and issued a $310.00 price objective on shares of LPL Financial in a research report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $286.92.

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.