Is it a Great Choice to Acquire LPL Financial Holdings (LPLA) Shares?

Carillon Tower Advisers, an investment management firm, published its “Carillon Eagle Mid Cap Growth Fund” first quarter 2022 investor letter – a copy of which can be downloaded here. Mid-cap stocks overall posted solid gains in the final quarter of 2021. As was the case for the majority of the year, the Russell Midcap® Growth Index (up 2.85%) lagged behind its Russell Midcap® Value Index (up 8.54%) counterpart.  Try to spend some time taking a look at the fund’s top 5 holdings to be informed about their best picks for 2022.

In its Q1 2022 investor letter, Carillon Eagle Mid Cap Growth Fund mentioned LPL Financial Holdings Inc. (NASDAQ:LPLA) and explained its insights for the company. Founded in 1989, LPL Financial Holdings Inc. (NASDAQ:LPLA) is a San Diego, California-based independent broker/dealer with a $15.3 billion market capitalization. LPL Financial Holdings Inc. (NASDAQ:LPLA) delivered a 20.06% return since the beginning of the year, while its 12-month returns are up by 40.14%. The stock closed at $192.20 per share on June 27, 2022.

Here is what Carillon Eagle Mid Cap Growth Fund has to say about LPL Financial Holdings Inc. (NASDAQ:LPLA) in its Q1 2022 investor letter:

“LPL Financial (NASDAQ:LPLA) is an independent broker-dealer that offers technology, brokerage, and investment advisory services to financial professionals and institutions. The company was a strong outperformer once again in the quarter as it continues to see impressive net new asset growth and has successfully integrated a recent notable acquisition. The continued move higher in interest rates has provided an additional tailwind.”

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Our calculations show that LPL Financial Holdings Inc. (NASDAQ:LPLA) fell short and didn’t make it on our list of the 30 Most Popular Stocks Among Hedge Funds. LPL Financial Holdings Inc. (NASDAQ:LPLA) was in 47 hedge fund portfolios at the end of the first quarter of 2022, compared to 48 funds in the previous quarter. LPL Financial Holdings Inc. (NASDAQ:LPLA) delivered a 2.94% return in the past 3 months.

In June 2022, we also shared another hedge fund’s views on LPL Financial Holdings Inc. (NASDAQ:LPLA) in another article. You can find other investor letters from hedge funds and prominent investors on our hedge fund investor letters 2022 Q1 page.

Disclosure: None. This article is originally published at Insider Monkey.