Hanseatic Management Services Inc. Cuts Holdings in LPL Financial Holdings Inc. (LPLA)

Hanseatic Management Services Inc. lessened its position in LPL Financial Holdings Inc. (NASDAQ:LPLA) by 77.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,373 shares of the financial services provider’s stock after selling 15,229 shares during the period. Hanseatic Management Services Inc.’s holdings in LPL Financial Holdings were worth $226,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Retirement Capital Strategies raised its position in shares of LPL Financial Holdings by 0.4% in the second quarter. Retirement Capital Strategies now owns 10,041 shares of the financial services provider’s stock valued at $428,000 after buying an additional 41 shares during the last quarter. Public Employees Retirement Association of Colorado raised its position in shares of LPL Financial Holdings by 1.9% in the second quarter. Public Employees Retirement Association of Colorado now owns 2,776 shares of the financial services provider’s stock valued at $118,000 after buying an additional 52 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of LPL Financial Holdings by 8.2% in the second quarter. The Manufacturers Life Insurance Company now owns 2,794 shares of the financial services provider’s stock valued at $119,000 after buying an additional 211 shares during the last quarter. State of Wisconsin Investment Board raised its position in shares of LPL Financial Holdings by 2.9% in the second quarter. State of Wisconsin Investment Board now owns 17,588 shares of the financial services provider’s stock valued at $747,000 after buying an additional 490 shares during the last quarter. Finally, Utah Retirement Systems raised its position in shares of LPL Financial Holdings by 3.2% in the second quarter. Utah Retirement Systems now owns 16,176 shares of the financial services provider’s stock valued at $687,000 after buying an additional 500 shares during the last quarter. 90.26% of the stock is owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION NOTICE: “Hanseatic Management Services Inc. Cuts Holdings in LPL Financial Holdings Inc. (LPLA)” was first published by Chaffey Breeze and is the property of of Chaffey Breeze. If you are accessing this story on another site, it was stolen and reposted in violation of US & international trademark and copyright law. The original version of this story can be read at https://www.chaffeybreeze.com/2017/11/17/hanseatic-management-services-inc-cuts-holdings-in-lpl-financial-holdings-inc-lpla.html.

LPL Financial Holdings Inc. (NASDAQ LPLA) traded up $0.64 during midday trading on Friday, hitting $49.32. 592,200 shares of the stock were exchanged, compared to its average volume of 722,825. LPL Financial Holdings Inc. has a twelve month low of $34.01 and a twelve month high of $53.92. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 2.54. The firm has a market capitalization of $4,390.46, a PE ratio of 19.55, a P/E/G ratio of 1.62 and a beta of 1.89.

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

The company also recently announced a quarterly dividend, which will be paid on Monday, November 27th. Stockholders of record on Thursday, November 9th will be given a dividend of $0.25 per share. The ex-dividend date is Wednesday, November 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.03%. LPL Financial Holdings’s payout ratio is currently 42.55%.

A number of equities research analysts recently issued reports on the stock. J P Morgan Chase & Co restated a “neutral” rating and issued a $51.00 target price (up from $48.00) on shares of LPL Financial Holdings in a report on Friday, August 18th. Nomura boosted their target price on shares of LPL Financial Holdings from $53.00 to $58.00 and gave the company a “buy” rating in a report on Thursday, August 17th. Zacks Investment Research downgraded shares of LPL Financial Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. SunTrust Banks, Inc. upgraded shares of LPL Financial Holdings from a “hold” rating to a “buy” rating and boosted their target price for the company from $49.00 to $55.00 in a report on Wednesday, August 16th. Finally, ValuEngine downgraded shares of LPL Financial Holdings from a “buy” rating to a “hold” rating in a report on Friday, October 6th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $53.20.

LPL Financial Holdings 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.

Latest News

Leave a Reply