Hsbc Holdings PLC Has $13.18 Million Stock Holdings in LPL Financial Holdings Inc. $LPLA

Hsbc Holdings PLC trimmed its position in shares of LPL Financial Holdings Inc. (NASDAQ:LPLA) by 25.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,796 shares of the financial services provider’s stock after selling 14,615 shares during the period. Hsbc Holdings PLC’s holdings in LPL Financial were worth $13,182,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of LPLA. Dodge & Cox increased its position in LPL Financial by 18.6% in the 4th quarter. Dodge & Cox now owns 3,948,970 shares of the financial services provider’s stock worth $1,410,454,000 after purchasing an additional 619,715 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of LPL Financial by 14.7% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,719,447 shares of the financial services provider’s stock valued at $1,328,475,000 after buying an additional 477,094 shares during the last quarter. Capital World Investors grew its stake in shares of LPL Financial by 37.9% in the 4th quarter. Capital World Investors now owns 3,625,357 shares of the financial services provider’s stock valued at $1,294,869,000 after buying an additional 996,806 shares in the last quarter. Janus Henderson Group PLC increased its holdings in LPL Financial by 9.0% in the fourth quarter. Janus Henderson Group PLC now owns 3,377,553 shares of the financial services provider’s stock worth $1,206,371,000 after buying an additional 280,202 shares during the last quarter. Finally, State Street Corp increased its holdings in LPL Financial by 0.8% in the fourth quarter. State Street Corp now owns 1,843,135 shares of the financial services provider’s stock worth $658,313,000 after buying an additional 14,680 shares during the last quarter. Institutional investors and hedge funds own 95.66% of the company’s stock.

Insider Transactions at LPL Financial

In other news, Director Aneri Jambusaria sold 308 shares of the firm’s stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $306.00, for a total value of $94,248.00. Following the sale, the director directly owned 6,415 shares of the company’s stock, valued at approximately $1,962,990. This trade represents a 4.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. TD Cowen reduced their target price on shares of LPL Financial from $330.00 to $326.00 and set a “hold” rating for the company in a research note on Friday, May 1st. Jefferies Financial Group dropped their price target on shares of LPL Financial from $464.00 to $383.00 and set a “buy” rating on the stock in a research note on Monday, April 6th. Citizens Jmp restated a “market outperform” rating and set a $500.00 price target on shares of LPL Financial in a report on Monday, April 6th. Keefe, Bruyette & Woods started coverage on shares of LPL Financial in a research note on Wednesday, April 8th. They issued an “outperform” rating and a $350.00 price objective for the company. Finally, Barclays decreased their price objective on shares of LPL Financial from $412.00 to $394.00 and set an “overweight” rating for the company in a report on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $397.92.

LPL Financial Trading Down 0.3%

Shares of LPLA stock opened at $327.38 on Thursday. LPL Financial Holdings Inc. has a 12 month low of $260.15 and a 12 month high of $403.58. The company has a market cap of $26.18 billion, a PE ratio of 29.23, a price-to-earnings-growth ratio of 0.64 and a beta of 0.50. The company has a quick ratio of 2.56, a current ratio of 2.56 and a debt-to-equity ratio of 1.26. The business’s 50 day moving average is $295.39 and its two-hundred day moving average is $317.33.

LPL Financial (NASDAQ:LPLA) last issued its quarterly earnings data on Thursday, April 30th. The financial services provider reported $5.60 earnings per share for the quarter, topping analysts’ consensus estimates of $5.49 by $0.11. LPL Financial had a net margin of 4.93% and a return on equity of 31.26%. The business had revenue of $4.94 billion during the quarter, compared to analysts’ expectations of $4.98 billion. During the same period in the previous year, the company earned $5.15 earnings per share. LPL Financial’s revenue for the quarter was up 34.6% on a year-over-year basis. Equities analysts predict that LPL Financial Holdings Inc. will post 23.38 EPS for the current year.

LPL Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 21st were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Thursday, May 21st. LPL Financial’s dividend payout ratio is 10.71%.

About LPL Financial

LPL Financial (NASDAQ: LPLA) is a U.S.-focused financial services firm that provides brokerage, custodial and advisory platforms to independent financial advisors, registered investment advisers and institutions. Operating primarily as an independent broker-dealer and custodian, the company supports a network of advisors with the operational, compliance and clearing infrastructure needed to manage client accounts and deliver investment advice outside of traditional wirehouse models.

The firm’s product and service offerings include trade execution and clearing, custody services, retirement plan services, model portfolio and advisory platforms, wealth management technology, investment research and product access across equities, fixed income, mutual funds, exchange-traded funds and insurance and annuity solutions.