Top 5 Stock Picks of Ryan Caldwell’s Chiron Investment

3. LPL Financial Holdings Inc (NASDAQ:LPLA)

Stake Value of Chiron Investment Management: $31,063,000

Percentage of Chiron Investment Management’s 13F Portfolio: 4.91%

Number of Hedge Fund Holders: 37

LPL Financial Holdings Inc. (NASDAQ:LPLA) 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 education savings plans, fixed income, and insurance, as well as alternative investments, such as non-traded real estate investment trusts and business development companies.

This November, Citi analyst William Katz raised his price target on LPL Financial Holdings Inc. (NASDAQ:LPLA) to $240 from $233 and reiterated a Buy rating on the shares.

We were able to identify 37 hedge fund positions for LPL Financial Holdings Inc. (NASDAQ:LPLA) by the end of the third quarter of 2021.

Carillon Tower Advisers, an investment management firm, shared their stance on LPL Financial Holdings Inc. (NASDAQ:LPLA) in their “Carillon Eagle Mid Cap Growth Fund” third quarter 2021 investor letter. Here’s what they had to say:

“LPL Financial is an independent broker-dealer that offers technology, brokerage, and investment advisory services to financial professionals and financial institutions. The firm contributed to performance notably in the quarter due to a combination of accelerating net new asset growth, better than expected asset retention at newly acquired Waddell & Reed, and improved visibility on cash income. The move higher in Treasury yields also provided an additional boost for the firm’s shares at the end of the quarter.”