Future Fund LLC Grows Stock Holdings in LPL Financial Holdings Inc. (NASDAQ:LPLA)

Future Fund LLC grew its holdings in LPL Financial Holdings Inc. (NASDAQ:LPLA) by 20.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,190 shares of the financial services provider’s stock after acquiring an additional 898 shares during the period. LPL Financial comprises 3.6% of Future Fund LLC’s holdings, making the stock its 11th biggest position. Future Fund LLC’s holdings in LPL Financial were worth $1,207,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Intech Investment Management LLC boosted its holdings in LPL Financial by 38.8% during the first quarter. Intech Investment Management LLC now owns 41,850 shares of the financial services provider’s stock worth $11,057,000 after buying an additional 11,703 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in LPL Financial by 533.8% during the first quarter. Acadian Asset Management LLC now owns 5,153 shares of the financial services provider’s stock worth $1,359,000 after buying an additional 4,340 shares in the last quarter. Swedbank AB purchased a new stake in LPL Financial during the first quarter worth $3,648,000. Sei Investments Co. boosted its holdings in LPL Financial by 23.4% during the first quarter. Sei Investments Co. now owns 113,254 shares of the financial services provider’s stock worth $29,923,000 after buying an additional 21,481 shares in the last quarter. Finally, Raymond James & Associates boosted its holdings in LPL Financial by 5.4% during the second quarter. Raymond James & Associates now owns 394,091 shares of the financial services provider’s stock worth $110,070,000 after buying an additional 20,123 shares in the last quarter. 95.66% of the stock is owned by hedge funds and other institutional investors.

LPL Financial Price Performance

LPL Financial stock opened at $317.24 on Wednesday. LPL Financial Holdings Inc. has a 12-month low of $187.19 and a 12-month high of $321.92. The stock has a market cap of $23.75 billion, a P/E ratio of 23.85, a PEG ratio of 1.55 and a beta of 0.85. The company has a 50-day moving average price of $246.29 and a 200 day moving average price of $250.28. 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 (NASDAQ:LPLA) last released its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $4.16 earnings per share (EPS) 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 firm had revenue of $3.11 billion during the quarter, compared to analysts’ expectations of $3.04 billion. During the same period last year, the business earned $3.74 earnings per share. LPL Financial’s revenue was up 6.0% compared to the same quarter last year. Sell-side analysts anticipate that LPL Financial Holdings Inc. will post 16.08 earnings per share for the current year.

LPL Financial Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Wells Fargo & Company raised shares of LPL Financial from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $235.00 to $285.00 in a report on Wednesday, October 9th. TD Cowen increased their price objective on shares of LPL Financial from $271.00 to $277.00 and gave the company a “hold” rating in a report on Thursday, October 31st. StockNews.com raised shares of LPL Financial from a “sell” rating to a “hold” rating in a report on Saturday. 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 report on Tuesday, July 30th. Finally, UBS Group increased their price objective on shares of LPL Financial from $215.00 to $250.00 and gave the company a “neutral” rating in a report on Tuesday, October 8th. One 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 MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average 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.