Mount Yale Investment Advisors LLC Raises Stock Holdings in LPL Financial Holdings Inc. (NASDAQ:LPLA)

Mount Yale Investment Advisors LLC raised its stake in LPL Financial Holdings Inc. (NASDAQ:LPLA) by 39.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,721 shares of the financial services provider’s stock after purchasing an additional 769 shares during the period. Mount Yale Investment Advisors LLC’s holdings in LPL Financial were worth $633,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in LPLA. Ashton Thomas Private Wealth LLC purchased a new position in shares of LPL Financial in the 2nd quarter worth approximately $25,000. Key Financial Inc purchased a new position in LPL Financial in the second quarter worth $28,000. Paladin Wealth LLC acquired a new position in shares of LPL Financial during the third quarter worth $34,000. Crewe Advisors LLC lifted its holdings in shares of LPL Financial by 360.7% during the 2nd quarter. Crewe Advisors LLC now owns 129 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 101 shares during the last quarter. Finally, Tortoise Investment Management LLC boosted 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 purchasing an additional 56 shares in the last quarter. 95.66% of the stock is currently owned by institutional investors.

LPL Financial Trading Down 0.4 %

Shares of NASDAQ:LPLA opened at $260.93 on Friday. The company has a market capitalization of $19.51 billion, a PE ratio of 20.35, a PEG ratio of 1.38 and a beta of 0.88. LPL Financial Holdings Inc. has a 12-month low of $187.19 and a 12-month high of $289.88. The business has a 50 day moving average of $230.38 and a two-hundred day moving average of $248.17. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 1.77.

LPL Financial (NASDAQ:LPLA) last announced its quarterly earnings results on Thursday, July 25th. The financial services provider reported $3.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.66 by $0.22. LPL Financial had a net margin of 8.91% and a return on equity of 52.14%. The firm had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.89 billion. During the same period in the prior year, the firm posted $3.94 earnings per share. The firm’s quarterly revenue was up 18.8% compared to the same quarter last year. As a group, analysts forecast that LPL Financial Holdings Inc. will post 15.71 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have commented on LPLA shares. Morgan Stanley increased their price target on LPL Financial from $303.00 to $309.00 and gave the company an “overweight” rating in a research note on Thursday, October 17th. StockNews.com lowered shares of LPL Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, October 1st. JPMorgan Chase & Co. boosted their target price on shares of LPL Financial from $261.00 to $268.00 and gave the stock a “neutral” rating in a research report on Thursday, July 11th. The Goldman Sachs Group decreased their price target on shares of LPL Financial from $289.00 to $271.00 and set a “buy” rating for the company in a report on Thursday, September 26th. Finally, UBS Group boosted their price objective on shares of LPL Financial from $215.00 to $250.00 and gave the company a “neutral” rating in a report on Tuesday, October 8th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $277.77.

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.