LPL Financial Holdings Inc. (NASDAQ:LPLA) Position Reduced by Moody Lynn & Lieberson LLC

Moody Lynn & Lieberson LLC trimmed its stake in shares of LPL Financial Holdings Inc. (NASDAQ:LPLA) by 33.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,200 shares of the financial services provider’s stock after selling 600 shares during the quarter. Moody Lynn & Lieberson LLC’s holdings in LPL Financial were worth $279,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in LPLA. Ashton Thomas Private Wealth LLC bought a new position in LPL Financial during the 2nd quarter valued at $25,000. Key Financial Inc bought a new position in LPL Financial during the 2nd quarter valued at $28,000. Paladin Wealth LLC bought a new position in LPL Financial during the 3rd quarter valued at $34,000. Crewe Advisors LLC boosted its stake in LPL Financial by 360.7% during the 2nd quarter. Crewe Advisors LLC now owns 129 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 101 shares during the last quarter. Finally, Tortoise Investment Management LLC boosted its stake in LPL Financial by 74.7% during the 2nd quarter. Tortoise Investment Management LLC now owns 131 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 56 shares during the last quarter. 95.66% of the stock is currently owned by institutional investors.

LPL Financial Stock Down 0.4 %

LPL Financial stock opened at $260.93 on Friday. The stock has a market cap of $19.51 billion, a price-to-earnings ratio of 20.35, a PEG ratio of 1.38 and a beta of 0.88. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 1.77. The company’s 50-day moving average price is $230.38 and its two-hundred day moving average price is $248.24. LPL Financial Holdings Inc. has a 52 week low of $187.19 and a 52 week high of $289.88.

LPL Financial (NASDAQ:LPLA) last released its earnings results on Thursday, July 25th. The financial services provider reported $3.88 EPS for the quarter, beating the consensus estimate of $3.66 by $0.22. LPL Financial had a net margin of 8.91% and a return on equity of 52.14%. The firm had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $2.89 billion. During the same quarter last year, the company earned $3.94 EPS. LPL Financial’s quarterly revenue was up 18.8% on a year-over-year basis. On average, analysts expect that LPL Financial Holdings Inc. will post 15.71 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Barclays dropped their target price on shares of LPL Financial from $313.00 to $273.00 and set an “overweight” rating on the stock in a report on Friday, July 26th. Morgan Stanley increased their target price on shares of LPL Financial from $303.00 to $309.00 and gave the stock an “overweight” rating in a report on Thursday, October 17th. TD Cowen increased their target price on shares of LPL Financial from $243.00 to $255.00 and gave the stock a “hold” rating in a report on Friday, July 26th. The Goldman Sachs Group dropped their target price on shares of LPL Financial from $289.00 to $271.00 and set a “buy” rating on the stock in a report on Thursday, September 26th. Finally, StockNews.com cut shares of LPL Financial from a “hold” rating to a “sell” rating in a report on Tuesday, October 1st. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $277.77.

LPL Financial Company 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.