Northern Trust Corp Sells 10,317 Shares of LPL Financial Holdings Inc. (NASDAQ:LPLA)

Northern Trust Corp lessened its position in shares of LPL Financial Holdings Inc. (NASDAQ:LPLA) by 2.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 388,512 shares of the financial services provider’s stock after selling 10,317 shares during the period. Northern Trust Corp owned approximately 0.43% of LPL Financial Holdings worth $16,497,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Public Employees Retirement Association of Colorado boosted its holdings in shares of LPL Financial Holdings by 1.9% during the second quarter. Public Employees Retirement Association of Colorado now owns 2,776 shares of the financial services provider’s stock worth $118,000 after acquiring an additional 52 shares during the period. SG Americas Securities LLC bought a new stake in shares of LPL Financial Holdings in the first quarter valued at approximately $171,000. Teacher Retirement System of Texas boosted its stake in shares of LPL Financial Holdings by 10.4% in the second quarter. Teacher Retirement System of Texas now owns 6,514 shares of the financial services provider’s stock valued at $277,000 after buying an additional 611 shares during the period. US Bancorp DE boosted its stake in shares of LPL Financial Holdings by 1,477.4% in the second quarter. US Bancorp DE now owns 6,988 shares of the financial services provider’s stock valued at $297,000 after buying an additional 6,545 shares during the period. Finally, ARP Americas LLC bought a new stake in shares of LPL Financial Holdings in the second quarter valued at approximately $316,000. Institutional investors own 90.26% of the company’s stock.

LPL Financial Holdings Inc. (NASDAQ:LPLA) traded down $0.60 during midday trading on Tuesday, reaching $49.73. The company’s stock had a trading volume of 761,300 shares, compared to its average volume of 720,975. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 2.54. LPL Financial Holdings Inc. has a 12-month low of $34.01 and a 12-month high of $53.92. The company has a market capitalization of $4,430.00, a PE ratio of 20.21, a PEG ratio of 1.68 and a beta of 1.89.

LPL Financial Holdings (NASDAQ:LPLA) last announced its quarterly earnings results on Thursday, October 26th. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.03. The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.08 billion. LPL Financial Holdings had a net margin of 5.19% and a return on equity of 26.03%. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.58 earnings per share. equities research analysts expect that LPL Financial Holdings Inc. will post 2.31 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, November 27th. Stockholders of record on Thursday, November 9th will be issued a dividend of $0.25 per share. The ex-dividend date is Wednesday, November 8th. This represents a $1.00 annualized dividend and a dividend yield of 2.01%. LPL Financial Holdings’s dividend payout ratio (DPR) is presently 42.37%.

COPYRIGHT VIOLATION NOTICE: “Northern Trust Corp Sells 10,317 Shares of LPL Financial Holdings Inc. (NASDAQ:LPLA)” was originally published by Week Herald and is the sole property of of Week Herald. If you are accessing this story on another website, it was illegally copied and republished in violation of United States & international trademark & copyright legislation. The correct version of this story can be accessed at https://weekherald.com/2017/11/15/lpl-financial-holdings-inc-lpla-stake-decreased-by-northern-trust-corp.html.

Several equities research analysts recently issued reports on the company. Nomura boosted their price target on LPL Financial Holdings from $64.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, November 9th. Citigroup Inc. boosted their price target on LPL Financial Holdings from $63.00 to $65.00 and gave the company a “buy” rating in a research note on Friday. Zacks Investment Research cut LPL Financial Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, November 8th. SunTrust Banks, Inc. upgraded LPL Financial Holdings from a “hold” rating to a “buy” rating and boosted their price target for the company from $49.00 to $55.00 in a research note on Wednesday, August 16th. Finally, J P Morgan Chase & Co boosted their price target on LPL Financial Holdings from $52.00 to $53.00 and gave the company a “neutral” rating in a research note on Monday, October 30th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $53.20.

LPL Financial Holdings Company Profile

LPL Financial Holdings Inc is a broker-dealer, a custodian for registered investment advisors and an independent consultant to retirement plans. The Company provides a platform of brokerage and investment advisory services to independent financial advisors, including financial advisors at financial institutions across the country.

Institutional Ownership by Quarter for LPL Financial Holdings (NASDAQ:LPLA)

Receive News & Ratings for LPL Financial Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LPL Financial Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply