Tokio Marine Asset Management Co. Ltd. Has $516,000 Holdings in LPL Financial Holdings Inc. (NASDAQ:LPLA)

Tokio Marine Asset Management Co. Ltd. boosted its holdings in shares of LPL Financial Holdings Inc. (NASDAQ:LPLA) by 2.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,218 shares of the financial services provider’s stock after purchasing an additional 49 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in LPL Financial were worth $516,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of LPL Financial by 9.9% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,589,793 shares of the financial services provider’s stock worth $723,329,000 after purchasing an additional 233,242 shares during the last quarter. Boston Partners grew its holdings in LPL Financial by 71.9% during the 1st quarter. Boston Partners now owns 1,765,230 shares of the financial services provider’s stock worth $466,434,000 after acquiring an additional 738,509 shares during the last quarter. Samlyn Capital LLC increased its position in LPL Financial by 8.0% in the 2nd quarter. Samlyn Capital LLC now owns 1,194,715 shares of the financial services provider’s stock valued at $333,684,000 after acquiring an additional 88,635 shares in the last quarter. Epoch Investment Partners Inc. raised its stake in shares of LPL Financial by 19.8% in the first quarter. Epoch Investment Partners Inc. now owns 927,369 shares of the financial services provider’s stock worth $245,011,000 after acquiring an additional 153,072 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its position in shares of LPL Financial by 11.3% during the second quarter. Massachusetts Financial Services Co. MA now owns 884,630 shares of the financial services provider’s stock worth $247,077,000 after purchasing an additional 90,020 shares in the last quarter. Institutional investors own 95.66% of the company’s stock.

LPL Financial Stock Down 0.2 %

Shares of LPLA stock opened at $314.02 on Friday. The firm’s fifty day moving average price is $252.22 and its two-hundred day moving average price is $251.33. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 1.60. LPL Financial Holdings Inc. has a 1 year low of $187.19 and a 1 year high of $322.03. The firm has a market capitalization of $23.51 billion, a P/E ratio of 23.61, a PEG ratio of 1.54 and a beta of 0.85.

LPL Financial (NASDAQ:LPLA) last released its earnings results on Wednesday, October 30th. The financial services provider reported $4.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.69 by $0.47. LPL Financial had a return on equity of 49.47% and a net margin of 8.73%. The business had revenue of $3.11 billion for the quarter, compared to the consensus estimate of $3.04 billion. During the same quarter in the previous year, the business earned $3.74 earnings per share. LPL Financial’s quarterly revenue was up 6.0% on a year-over-year basis. On average, equities analysts predict that LPL Financial Holdings Inc. will post 16.08 EPS for the current fiscal year.

LPL Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Thursday, November 14th will be paid a $0.30 dividend. The ex-dividend date is Thursday, November 14th. This represents a $1.20 annualized dividend and a dividend yield of 0.38%. LPL Financial’s dividend payout ratio is presently 9.02%.

Analyst Upgrades and Downgrades

LPLA has been the subject of several research analyst reports. JMP Securities restated a “market outperform” rating and issued a $310.00 price objective on shares of LPL Financial in a research report on Wednesday, October 9th. Barclays upped their price target on LPL Financial from $273.00 to $311.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. UBS Group lifted their price objective on LPL Financial from $215.00 to $250.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 8th. The Goldman Sachs Group upped their target price on shares of LPL Financial from $271.00 to $305.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Bank of America raised shares of LPL Financial from a “neutral” rating to a “buy” rating and set a $268.00 price objective on the stock in a research note on Tuesday, July 30th. One analyst has rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $286.92.

LPL Financial 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.