Several institutional investors have recently made changes to their positions in LPLA. Bank of New York Mellon Corp now owns 466,342 shares of the financial services provider's stock worth $18,573,000 after buying an additional 19,407 shares in the last quarter. FMR LLC purchased a new position in LPL Financial Holdings during the fourth quarter worth approximately $372,000. Finally, Samlyn Capital LLC boosted its stake in shares of LPL Financial Holdings by 55.6% in the second quarter. Finally, Tyers Asset Management LLC bought a new position in shares of LPL Financial Holdings during the first quarter worth about $138,000. Blackrock Grp Incorporated invested in 0% or 75,513 shares. LPL Financial Holdings has a 12-month low of $26.45 and a 12-month high of $46.62. (NASDAQ:LPLA) opened at 45.67 on Monday. Dragoneer Investment Group Llc who had been investing in Lpl Finl Hldgs Inc for a number of months, seems to be less bullish one the $4.20 billion market cap company. Tcw Group Incorporated Inc stated it has 630,255 shares or 0.14% of all its holdings. The firm has a 50-day moving average of $44.15 and a 200-day moving average of $41.17. Nomura maintained LPL Financial Holdings Inc (NASDAQ:LPLA) on Monday, July 11 with "Neutral" rating. The financial services provider reported $0.74 earnings per share for the quarter, topping analysts' consensus estimates of $0.66 by $0.08. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.05 billion. On average, analysts predict that LPL Financial Holdings Inc. will post $2.62 earnings per share for the current year. The firm owned 2,617,315 shares of the financial services provider's stock after selling 223,160 shares during the period. This represents a $1.00 annualized dividend and a dividend yield of 2.17%. The ex-dividend date is Tuesday, August 8th. FLIR Systems had 15 analyst reports since October 29, 2015 according to SRatingsIntel.
ILLEGAL ACTIVITY NOTICE: "Wellington Management Group LLP Sells 18,318 Shares of LPL Financial Holdings Inc". LPLA's total short interest was 863,500 shares in August as published by FINRA. If you are reading this piece on another publication, it was illegally copied and reposted in violation of USA & worldwide trademark & copyright law. The original version of this story can be read at https://stocknewstimes.com/2017/08/14/lpl-financial-holdings-inc-lpla-announces-0-25-quarterly-dividend-updated.html.
Other equities analysts also recently issued research reports about the company. BidaskClub lowered shares of LPL Financial Holdings from a "buy" rating to a "hold" rating in a research report on Wednesday, August 2nd. Zacks Investment Research upgraded LPL Financial Holdings from a "hold" rating to a "buy" rating and set a $48.00 price target on the stock in a research note on Tuesday, July 4th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of "Hold" and an average target price of $42.73. LPL Financial Holdings Inc (NASDAQ:LPLA) has risen 64.23% since August 15, 2016 and is uptrending. Trust Co Of Vermont sold 20,750 shares as the company's stock rose 2.09% with the market. With 663,800 shares average volume, it will take short sellers 1 days to cover their LPLA's short positions. The institutional investor held 86,389 shares of the consumer services company at the end of 2016Q4, valued at $2.57 million, down from 107,139 at the end of the previous reported quarter. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
LPL Financial, the largest independent broker-dealer in the U.S., will pay an initial purchase price of US$325mln for the network, which includes Invest Financial Corporation, Investment Centers of America, Inc., National Planning Corporation and SII Investments, Inc.