LPL Financial Holdings Inc. (NASDAQ:LPLA) Shares Bought by Wealth Alliance

Wealth Alliance raised its holdings in LPL Financial Holdings Inc. (NASDAQ:LPLA) by 2.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,483 shares of the financial services provider’s stock after buying an additional 30 shares during the period. Wealth Alliance’s holdings in LPL Financial were worth $484,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Sanchez Wealth Management Group increased its position in shares of LPL Financial by 2.1% during the fourth quarter. Sanchez Wealth Management Group now owns 1,686 shares of the financial services provider’s stock worth $551,000 after purchasing an additional 35 shares in the last quarter. Mather Group LLC. increased its position in shares of LPL Financial by 4.1% during the fourth quarter. Mather Group LLC. now owns 916 shares of the financial services provider’s stock worth $299,000 after purchasing an additional 36 shares in the last quarter. Bridges Investment Management Inc. increased its position in shares of LPL Financial by 3.2% during the third quarter. Bridges Investment Management Inc. now owns 1,185 shares of the financial services provider’s stock worth $276,000 after purchasing an additional 37 shares in the last quarter. Avior Wealth Management LLC increased its position in shares of LPL Financial by 1.8% during the third quarter. Avior Wealth Management LLC now owns 2,416 shares of the financial services provider’s stock worth $562,000 after purchasing an additional 42 shares in the last quarter. Finally, Integrated Wealth Concepts LLC increased its position in shares of LPL Financial by 1.1% during the third quarter. Integrated Wealth Concepts LLC now owns 4,107 shares of the financial services provider’s stock worth $956,000 after purchasing an additional 44 shares in the last quarter. Institutional investors and hedge funds own 95.66% of the company’s stock.

Analyst Ratings Changes

LPLA has been the topic of a number of research analyst reports. The Goldman Sachs Group lifted their target price on LPL Financial from $271.00 to $305.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. boosted their price target on LPL Financial from $397.00 to $405.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Morgan Stanley boosted their price target on LPL Financial from $379.00 to $413.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Wells Fargo & Company boosted their price target on LPL Financial from $390.00 to $405.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Finally, Citigroup boosted their price target on LPL Financial from $310.00 to $385.00 and gave the company a “buy” rating in a research report on Friday, January 10th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $379.17.

LPL Financial Price Performance

Shares of LPLA opened at $371.93 on Friday. LPL Financial Holdings Inc. has a twelve month low of $187.19 and a twelve month high of $384.04. The stock’s 50 day moving average is $348.99 and its two-hundred day moving average is $289.66. The firm has a market capitalization of $27.85 billion, a PE ratio of 26.49, a P/E/G ratio of 0.95 and a beta of 0.87. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 1.60.

LPL Financial (NASDAQ:LPLA) last announced its quarterly earnings data on Thursday, January 30th. The financial services provider reported $4.25 earnings per share for the quarter, beating analysts’ consensus estimates of $4.01 by $0.24. LPL Financial had a return on equity of 49.41% and a net margin of 8.55%. Research analysts anticipate that LPL Financial Holdings Inc. will post 19.35 earnings per share for the current year.

LPL Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.32%. The ex-dividend date of this dividend is Tuesday, March 11th. LPL Financial’s dividend payout ratio (DPR) is 8.55%.

Insider Transactions at LPL Financial

In other news, CFO Matthew J. Audette sold 28,777 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $365.14, for a total transaction of $10,507,633.78. Following the sale, the chief financial officer now owns 13,663 shares of the company’s stock, valued at $4,988,907.82. The trade was a 67.81 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Aneri Jambusaria sold 305 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $331.94, for a total value of $101,241.70. Following the sale, the director now directly owns 3,920 shares in the company, valued at $1,301,204.80. This trade represents a 7.22 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.

LPL Financial Profile

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 enterprises in the United States. Its brokerage offerings include variable and fixed annuities, mutual funds, equities, fixed income, alternative investments, retirement and 529 education savings plans, and insurance.