Lombard Odier Asset Management Switzerland SA Invests $490,000 in LPL Financial Holdings Inc. $LPLA

Lombard Odier Asset Management Switzerland SA bought a new position in shares of LPL Financial Holdings Inc. (NASDAQ:LPLA) during the 1st quarter, HoldingsChannel.com reports. The institutional investor bought 1,630 shares of the financial services provider’s stock, valued at approximately $490,000.

A number of other large investors also recently bought and sold shares of LPLA. Dodge & Cox boosted its position in LPL Financial by 18.6% in the 4th quarter. Dodge & Cox now owns 3,948,970 shares of the financial services provider’s stock worth $1,410,454,000 after purchasing an additional 619,715 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of LPL Financial by 14.7% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,719,447 shares of the financial services provider’s stock worth $1,328,475,000 after purchasing an additional 477,094 shares during the period. Capital World Investors increased its holdings in shares of LPL Financial by 37.9% during the 4th quarter. Capital World Investors now owns 3,625,357 shares of the financial services provider’s stock valued at $1,294,869,000 after purchasing an additional 996,806 shares in the last quarter. Janus Henderson Group PLC increased its holdings in shares of LPL Financial by 9.0% during the 4th quarter. Janus Henderson Group PLC now owns 3,377,553 shares of the financial services provider’s stock valued at $1,206,371,000 after purchasing an additional 280,202 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its stake in shares of LPL Financial by 36.3% in the 1st quarter. Principal Financial Group Inc. now owns 2,636,544 shares of the financial services provider’s stock valued at $793,163,000 after purchasing an additional 702,061 shares during the period. 95.66% of the stock is owned by institutional investors and hedge funds.

Insider Activity at LPL Financial

In other LPL Financial news, Director Aneri Jambusaria sold 308 shares of the company’s stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $306.00, for a total transaction of $94,248.00. Following the transaction, the director directly owned 6,415 shares in the company, valued at $1,962,990. This represents a 4.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.60% of the company’s stock.

Analysts Set New Price Targets

LPLA has been the topic of several analyst reports. Barclays dropped their price target on shares of LPL Financial from $412.00 to $394.00 and set an “overweight” rating on the stock in a research report on Thursday, July 9th. JPMorgan Chase & Co. lifted their price target on LPL Financial from $390.00 to $408.00 and gave the company an “overweight” rating in a research note on Monday, July 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of LPL Financial in a report on Friday. TD Cowen dropped their price objective on LPL Financial from $330.00 to $326.00 and set a “hold” rating on the stock in a report on Friday, May 1st. Finally, Jefferies Financial Group reduced their target price on LPL Financial from $464.00 to $383.00 and set a “buy” rating for the company in a research note on Monday, April 6th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $397.92.

LPL Financial Price Performance

NASDAQ:LPLA opened at $342.40 on Wednesday. LPL Financial Holdings Inc. has a one year low of $260.15 and a one year high of $403.58. The stock has a market cap of $27.39 billion, a PE ratio of 30.57, a P/E/G ratio of 0.65 and a beta of 0.50. The company has a debt-to-equity ratio of 1.26, a quick ratio of 2.56 and a current ratio of 2.56. The stock has a 50 day moving average price of $298.30 and a 200 day moving average price of $316.33.

LPL Financial (NASDAQ:LPLA) last announced its quarterly earnings data on Thursday, April 30th. The financial services provider reported $5.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.49 by $0.11. The firm had revenue of $4.94 billion during the quarter, compared to analyst estimates of $4.98 billion. LPL Financial had a net margin of 4.93% and a return on equity of 31.26%. LPL Financial’s quarterly revenue was up 34.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $5.15 earnings per share. Equities research analysts expect that LPL Financial Holdings Inc. will post 23.38 EPS for the current fiscal year.

LPL Financial Profile

LPL Financial (NASDAQ: LPLA) is a U.S.-focused financial services firm that provides brokerage, custodial and advisory platforms to independent financial advisors, registered investment advisers and institutions. Operating primarily as an independent broker-dealer and custodian, the company supports a network of advisors with the operational, compliance and clearing infrastructure needed to manage client accounts and deliver investment advice outside of traditional wirehouse models.

The firm’s product and service offerings include trade execution and clearing, custody services, retirement plan services, model portfolio and advisory platforms, wealth management technology, investment research and product access across equities, fixed income, mutual funds, exchange-traded funds and insurance and annuity solutions.