Tybourne Capital Management HK Ltd. Makes New Investment 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) in the 3rd quarter, HoldingsChannel reports. The fund 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 holdings, making the stock its 3rd biggest holding.

A number of other institutional investors also recently modified their holdings of LPLA. Ashton Thomas Private Wealth LLC bought a new stake in LPL Financial in the second quarter valued at $25,000. Key Financial Inc bought a new stake in shares of LPL Financial during the 2nd quarter valued at about $28,000. Crewe Advisors LLC increased its position in shares of LPL Financial by 360.7% during the second quarter. Crewe Advisors LLC now owns 129 shares of the financial services provider’s stock valued at $36,000 after buying an additional 101 shares during the period. Tortoise Investment Management LLC raised its stake in LPL Financial by 74.7% in the second quarter. Tortoise Investment Management LLC now owns 131 shares of the financial services provider’s stock worth $37,000 after buying an additional 56 shares in the last quarter. Finally, Ashton Thomas Securities LLC purchased a new stake in LPL Financial in the third quarter worth about $31,000. 95.66% of the stock is currently owned by hedge funds and other institutional investors.

LPL Financial Trading Down 0.5 %

NASDAQ:LPLA opened at $325.72 on Thursday. The stock has a market cap of $24.39 billion, a price-to-earnings ratio of 24.49, a PEG ratio of 1.59 and a beta of 0.85. The company has a quick ratio of 2.16, a current ratio of 2.16 and a debt-to-equity ratio of 1.60. The company’s 50 day moving average price is $270.26 and its 200-day moving average price is $254.32. LPL Financial Holdings Inc. has a 52 week low of $187.19 and a 52 week high of $330.72.

LPL Financial (NASDAQ:LPLA) last issued its earnings results on Wednesday, October 30th. The financial services provider reported $4.16 EPS for the quarter, beating the consensus estimate of $3.69 by $0.47. LPL Financial had a return on equity of 49.47% and a net margin of 8.73%. The business had revenue of $3.11 billion for the quarter, compared to the consensus estimate of $3.04 billion. During the same period last year, the business posted $3.74 EPS. The company’s revenue was up 6.0% compared to the same quarter last year. On average, equities research analysts forecast that LPL Financial Holdings Inc. will post 16.1 earnings per share for the current fiscal year.

LPL Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Thursday, November 14th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.37%. The ex-dividend date of this dividend is Thursday, November 14th. LPL Financial’s dividend payout ratio (DPR) is 9.02%.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. UBS Group upped their target price on LPL Financial from $215.00 to $250.00 and gave the stock a “neutral” rating in a report on Tuesday, October 8th. Jefferies Financial Group reduced their price target on LPL Financial from $309.00 to $282.00 and set a “buy” rating on the stock in a research note on Friday, October 4th. StockNews.com raised LPL Financial from a “sell” rating to a “hold” rating in a research report on Saturday, November 9th. Wells Fargo & Company upgraded shares of LPL Financial from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $235.00 to $285.00 in a report on Wednesday, October 9th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $310.00 price target on shares of LPL Financial in a research note on Wednesday, October 9th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $286.92.

About LPL Financial

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.