Tybourne Capital Management HK Ltd. Acquires New Position in LPL Financial Holdings Inc. (NASDAQ:LPLA)

Tybourne Capital Management HK Ltd. acquired a new stake in shares of LPL Financial Holdings Inc. (NASDAQ:LPLA) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 172,700 shares of the financial services provider’s stock, valued at approximately $40,175,000. LPL Financial comprises about 11.3% of Tybourne Capital Management HK Ltd.’s investment portfolio, making the stock its 3rd biggest holding. Tybourne Capital Management HK Ltd. owned approximately 0.23% of LPL Financial as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Bridges Investment Management Inc. grew its position in shares of LPL Financial by 3.2% in the third quarter. Bridges Investment Management Inc. now owns 1,185 shares of the financial services provider’s stock valued at $276,000 after purchasing an additional 37 shares in the last quarter. Avior Wealth Management LLC boosted its stake in LPL Financial by 1.8% in the 3rd quarter. Avior Wealth Management LLC now owns 2,416 shares of the financial services provider’s stock worth $562,000 after purchasing an additional 42 shares during the period. MFA Wealth Advisors LLC grew its holdings in LPL Financial by 3.9% during the 3rd quarter. MFA Wealth Advisors LLC now owns 1,148 shares of the financial services provider’s stock valued at $267,000 after buying an additional 43 shares in the last quarter. Metis Global Partners LLC increased its position in shares of LPL Financial by 5.1% during the third quarter. Metis Global Partners LLC now owns 945 shares of the financial services provider’s stock valued at $220,000 after buying an additional 46 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. lifted its holdings in shares of LPL Financial by 2.3% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 2,218 shares of the financial services provider’s stock worth $516,000 after buying an additional 49 shares in the last quarter. Institutional investors own 95.66% of the company’s stock.

LPL Financial Stock Down 0.5 %

Shares of NASDAQ LPLA opened at $325.72 on Thursday. The stock has a market capitalization of $24.39 billion, a P/E ratio of 24.49, a PEG ratio of 1.59 and a beta of 0.85. The company has a debt-to-equity ratio of 1.60, a current ratio of 2.16 and a quick ratio of 2.16. LPL Financial Holdings Inc. has a one year low of $187.19 and a one year high of $330.72. The firm’s 50 day simple moving average is $270.26 and its two-hundred day simple moving average is $254.32.

LPL Financial (NASDAQ:LPLA) last posted its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $4.16 earnings per share for the quarter, topping the consensus estimate of $3.69 by $0.47. LPL Financial had a net margin of 8.73% and a return on equity of 49.47%. The business had revenue of $3.11 billion during the quarter, compared to the consensus estimate of $3.04 billion. During the same period in the previous year, the firm posted $3.74 earnings per share. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. As a group, analysts expect that LPL Financial Holdings Inc. will post 16.1 EPS for the current fiscal year.

LPL Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Thursday, November 14th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.20 annualized dividend and a yield of 0.37%. LPL Financial’s payout ratio is 9.02%.

Wall Street Analyst Weigh In

LPLA has been the subject of several recent analyst reports. StockNews.com raised shares of LPL Financial from a “sell” rating to a “hold” rating in a research note on Saturday, November 9th. Jefferies Financial Group decreased 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. Morgan Stanley lifted their price objective on LPL Financial from $303.00 to $309.00 and gave the company an “overweight” rating in a research note on Thursday, October 17th. Citigroup upped their target price on LPL Financial from $285.00 to $310.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, JMP Securities reiterated a “market outperform” rating and set a $310.00 price target on shares of LPL Financial in a research report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.