Teachers Advisors LLC boosted its position in LPL Financial Holdings Inc. (NASDAQ:LPLA) by 5.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 210,974 shares of the financial services provider’s stock after purchasing an additional 11,069 shares during the quarter. Teachers Advisors LLC owned about 0.23% of LPL Financial Holdings worth $8,958,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of LPLA. BlackRock Inc. lifted its stake in LPL Financial Holdings by 11,835.9% in the 1st quarter. BlackRock Inc. now owns 3,512,602 shares of the financial services provider’s stock worth $139,907,000 after purchasing an additional 3,483,173 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in LPL Financial Holdings in the 1st quarter worth approximately $46,765,000. Vanguard Group Inc. lifted its stake in LPL Financial Holdings by 16.7% in the 1st quarter. Vanguard Group Inc. now owns 7,952,138 shares of the financial services provider’s stock worth $316,734,000 after purchasing an additional 1,136,785 shares in the last quarter. Janus Capital Management LLC lifted its stake in LPL Financial Holdings by 13.1% in the 1st quarter. Janus Capital Management LLC now owns 8,996,531 shares of the financial services provider’s stock worth $358,332,000 after purchasing an additional 1,038,731 shares in the last quarter. Finally, Prudential Financial Inc. purchased a new stake in LPL Financial Holdings in the 1st quarter worth approximately $15,278,000. Institutional investors and hedge funds own 89.73% of the company’s stock.

Shares of LPL Financial Holdings Inc. (LPLA) opened at 52.45 on Thursday. LPL Financial Holdings Inc. has a 52-week low of $30.15 and a 52-week high of $52.74. The stock’s 50 day moving average is $47.80 and its 200 day moving average is $43.22. The stock has a market cap of $4.72 billion, a PE ratio of 22.78 and a beta of 1.87.

LPL Financial Holdings (NASDAQ:LPLA) last issued its earnings results on Thursday, July 27th. The financial services provider reported $0.74 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.08. LPL Financial Holdings had a net margin of 5.10% and a return on equity of 26.45%. The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the prior year, the business earned $0.53 earnings per share. LPL Financial Holdings’s revenue for the quarter was up 4.5% on a year-over-year basis. Equities research analysts forecast that LPL Financial Holdings Inc. will post $2.36 earnings per share for the current year.

Several research firms have recently weighed in on LPLA. Zacks Investment Research upgraded shares of LPL Financial Holdings from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a research report on Tuesday, July 4th. BidaskClub cut shares of LPL Financial Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. J P Morgan Chase & Co restated a “neutral” rating and set a $51.00 price objective (up previously from $48.00) on shares of LPL Financial Holdings in a research report on Friday, August 18th. Morgan Stanley restated an “underweight” rating and set a $38.00 price objective (up previously from $35.00) on shares of LPL Financial Holdings in a research report on Monday, July 10th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $44.00 price objective on shares of LPL Financial Holdings in a research report on Tuesday, July 4th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. LPL Financial Holdings currently has an average rating of “Hold” and a consensus price target of $48.20.

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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)

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