Quantbot Technologies LP Grows Stake in LPL Financial Holdings Inc (LPLA)
Quantbot Technologies LP boosted its stake in LPL Financial Holdings Inc (NASDAQ:LPLA) by 109.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,416 shares of the financial services provider’s stock after acquiring an additional 7,005 shares during the period. Quantbot Technologies LP’s holdings in LPL Financial were worth $865,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in LPLA. Integrated Investment Consultants LLC bought a new stake in LPL Financial in the second quarter valued at approximately $111,000. First Hawaiian Bank bought a new position in shares of LPL Financial during the 3rd quarter worth approximately $188,000. GAM Holding AG bought a new position in shares of LPL Financial during the 2nd quarter worth approximately $228,000. Advisors Asset Management Inc. boosted its holdings in shares of LPL Financial by 158.0% during the 2nd quarter. Advisors Asset Management Inc. now owns 10,983 shares of the financial services provider’s stock worth $240,000 after buying an additional 6,726 shares in the last quarter. Finally, Greenleaf Trust bought a new position in shares of LPL Financial during the 3rd quarter worth approximately $254,000. Institutional investors and hedge funds own 92.07% of the company’s stock.
In other news, Director George Burton White sold 23,893 shares of the firm’s stock in a transaction on Thursday, November 8th. The stock was sold at an average price of $66.00, for a total transaction of $1,576,938.00. Following the completion of the sale, the director now directly owns 50,582 shares of the company’s stock, valued at approximately $3,338,412. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Michelle Oroschakoff sold 6,000 shares of the firm’s stock in a transaction on Tuesday, November 27th. The shares were sold at an average price of $63.00, for a total value of $378,000.00. Following the sale, the insider now directly owns 19,811 shares of the company’s stock, valued at $1,248,093. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 30,143 shares of company stock valued at $1,971,038. Insiders own 2.60% of the company’s stock.
NASDAQ LPLA opened at $60.13 on Wednesday. The firm has a market capitalization of $5.56 billion, a P/E ratio of 20.04, a P/E/G ratio of 0.83 and a beta of 1.59. LPL Financial Holdings Inc has a 12 month low of $52.03 and a 12 month high of $73.28. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.43.
LPL Financial (NASDAQ:LPLA) last released its quarterly earnings results on Thursday, October 25th. The financial services provider reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.08. The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.30 billion. LPL Financial had a return on equity of 41.69% and a net margin of 7.68%. Equities analysts expect that LPL Financial Holdings Inc will post 5.19 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, November 26th. Investors of record on Thursday, November 8th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date was Wednesday, November 7th. LPL Financial’s payout ratio is currently 33.33%.
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 financial institutions in the United States. Its brokerage offerings include variable and fixed annuities, mutual funds, equities, retirement and 529 education savings plans, fixed income, and insurance, as well as alternative investments, such as non-traded real estate investment trusts and business development companies.
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