LPL Financial Holdings Inc. $LPLA Shares Acquired by Janus Henderson Group PLC

Janus Henderson Group PLC increased its stake in LPL Financial Holdings Inc. (NASDAQ:LPLA) by 8.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,666,780 shares of the financial services provider’s stock after buying an additional 289,227 shares during the period. Janus Henderson Group PLC’s holdings in LPL Financial were worth $1,103,079,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Goldstein Advisors LLC grew its holdings in LPL Financial by 4.8% during the 4th quarter. Goldstein Advisors LLC now owns 634 shares of the financial services provider’s stock worth $226,000 after acquiring an additional 29 shares in the last quarter. Frank Rimerman Advisors LLC raised its stake in shares of LPL Financial by 4.1% in the 4th quarter. Frank Rimerman Advisors LLC now owns 785 shares of the financial services provider’s stock valued at $280,000 after purchasing an additional 31 shares in the last quarter. Coastal Bridge Advisors LLC raised its stake in shares of LPL Financial by 0.6% in the 4th quarter. Coastal Bridge Advisors LLC now owns 5,475 shares of the financial services provider’s stock valued at $1,956,000 after purchasing an additional 31 shares in the last quarter. Natural Investments LLC lifted its position in shares of LPL Financial by 4.8% during the fourth quarter. Natural Investments LLC now owns 727 shares of the financial services provider’s stock worth $259,000 after purchasing an additional 33 shares during the last quarter. Finally, Root Financial Partners LLC lifted its position in shares of LPL Financial by 1.4% during the fourth quarter. Root Financial Partners LLC now owns 2,318 shares of the financial services provider’s stock worth $828,000 after purchasing an additional 33 shares during the last quarter. 95.66% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

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

LPL Financial Trading Down 1.3%

NASDAQ LPLA opened at $337.78 on Thursday. LPL Financial Holdings Inc. has a one year low of $260.15 and a one year high of $403.58. The company has a 50-day simple moving average of $299.38 and a 200-day simple moving average of $316.15. The company has a debt-to-equity ratio of 1.26, a quick ratio of 2.56 and a current ratio of 2.56. The firm has a market capitalization of $27.02 billion, a PE ratio of 30.16, a price-to-earnings-growth ratio of 0.67 and a beta of 0.50.

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. William Blair reissued an “outperform” rating on shares of LPL Financial in a report on Thursday, June 4th. Keefe, Bruyette & Woods began coverage on LPL Financial in a report on Wednesday, April 8th. They set an “outperform” rating and a $350.00 target price on the stock. TD Cowen reduced their target price on LPL Financial from $330.00 to $326.00 and set a “hold” rating on the stock in a report on Friday, May 1st. Weiss Ratings reiterated a “hold (c)” rating on shares of LPL Financial in a research report on Friday, July 24th. Finally, JPMorgan Chase & Co. boosted their price target on LPL Financial from $390.00 to $408.00 and gave the company an “overweight” rating in a report on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, LPL Financial currently has an average rating of “Moderate Buy” and an average target price of $397.92.

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.