Forsta AP Fonden Buys 300 Shares of LPL Financial Holdings Inc. (NASDAQ:LPLA)

Forsta AP Fonden lifted its position in LPL Financial Holdings Inc. (NASDAQ:LPLA) by 2.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,600 shares of the financial services provider’s stock after acquiring an additional 300 shares during the quarter. Forsta AP Fonden’s holdings in LPL Financial were worth $3,629,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Intech Investment Management LLC increased its stake in LPL Financial by 38.8% in the 1st quarter. Intech Investment Management LLC now owns 41,850 shares of the financial services provider’s stock valued at $11,057,000 after buying an additional 11,703 shares during the last quarter. Acadian Asset Management LLC lifted its holdings in LPL Financial by 533.8% during the first quarter. Acadian Asset Management LLC now owns 5,153 shares of the financial services provider’s stock worth $1,359,000 after acquiring an additional 4,340 shares during the period. Swedbank AB purchased a new position in LPL Financial in the first quarter worth $3,648,000. Sei Investments Co. grew its stake in LPL Financial by 23.4% in the 1st quarter. Sei Investments Co. now owns 113,254 shares of the financial services provider’s stock valued at $29,923,000 after purchasing an additional 21,481 shares during the period. Finally, Raymond James & Associates increased its position in shares of LPL Financial by 5.4% during the 2nd quarter. Raymond James & Associates now owns 394,091 shares of the financial services provider’s stock valued at $110,070,000 after purchasing an additional 20,123 shares during the last quarter. Hedge funds and other institutional investors own 95.66% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Jefferies Financial Group cut their price target on shares of LPL Financial from $309.00 to $282.00 and set a “buy” rating on the stock in a report on Friday, October 4th. StockNews.com downgraded shares of LPL Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, October 1st. JMP Securities restated a “market outperform” rating and set a $310.00 price target on shares of LPL Financial in a research note on Wednesday, October 9th. JPMorgan Chase & Co. upped their price objective on LPL Financial from $261.00 to $268.00 and gave the company a “neutral” rating in a research note on Thursday, July 11th. Finally, Morgan Stanley raised their target price on LPL Financial from $303.00 to $309.00 and gave the stock an “overweight” rating in a research report on Thursday, October 17th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, LPL Financial currently has an average rating of “Hold” and an average price target of $277.77.

LPL Financial Price Performance

Shares of NASDAQ:LPLA opened at $265.63 on Wednesday. The company has a 50 day moving average of $231.24 and a 200 day moving average of $248.10. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 1.77. The stock has a market cap of $19.84 billion, a P/E ratio of 20.06, a P/E/G 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.

About LPL Financial

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.