Impact Investors Inc Purchases Shares of 1,205 LPL Financial Holdings Inc. (NASDAQ:LPLA)

Impact Investors Inc purchased a new stake in shares of LPL Financial Holdings Inc. (NASDAQ:LPLA) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,205 shares of the financial services provider’s stock, valued at approximately $393,000.

Several other large investors have also added to or reduced their stakes in the company. National Pension Service increased its position in shares of LPL Financial by 1.7% in the fourth quarter. National Pension Service now owns 119,724 shares of the financial services provider’s stock valued at $39,091,000 after buying an additional 2,000 shares in the last quarter. Amalgamated Bank lifted its stake in shares of LPL Financial by 1.2% in the 4th quarter. Amalgamated Bank now owns 5,662 shares of the financial services provider’s stock valued at $1,849,000 after purchasing an additional 69 shares during the last quarter. World Equity Group Inc. acquired a new stake in shares of LPL Financial during the fourth quarter valued at about $561,000. First Horizon Advisors Inc. boosted its position in shares of LPL Financial by 12.2% during the fourth quarter. First Horizon Advisors Inc. now owns 432 shares of the financial services provider’s stock worth $141,000 after buying an additional 47 shares during the period. Finally, One Day In July LLC purchased a new position in LPL Financial in the 4th quarter valued at approximately $229,000. Hedge funds and other institutional investors own 95.66% of the company’s stock.

Wall Street Analysts Forecast Growth

LPLA has been the topic of a number of research analyst reports. The Goldman Sachs Group raised their price objective on shares of LPL Financial from $271.00 to $305.00 and gave the stock a “buy” rating in a report on Friday, November 1st. TD Cowen upgraded shares of LPL Financial from a “hold” rating to a “buy” rating and boosted their target price for the stock from $277.00 to $413.00 in a research report on Thursday, December 19th. Morgan Stanley lifted their price objective on LPL Financial from $379.00 to $413.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Citigroup increased their target price on LPL Financial from $310.00 to $385.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of LPL Financial from $390.00 to $405.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. One research analyst has rated the stock with a sell rating, one has given a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $379.17.

Insider Transactions at LPL Financial

In other news, Director Aneri Jambusaria sold 305 shares of the company’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 transaction, the director now owns 3,920 shares of the company’s stock, valued at approximately $1,301,204.80. This represents a 7.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Matthew J. Audette sold 28,777 shares of LPL Financial stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $365.14, for a total transaction of $10,507,633.78. Following the completion of the sale, the chief financial officer now owns 13,663 shares of the company’s stock, valued at approximately $4,988,907.82. The trade was a 67.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

LPL Financial Price Performance

NASDAQ:LPLA opened at $357.36 on Wednesday. The company has a fifty day moving average price of $350.44 and a 200 day moving average price of $293.38. The company has a debt-to-equity ratio of 1.60, a current ratio of 2.16 and a quick ratio of 2.16. The stock has a market cap of $26.76 billion, a P/E ratio of 25.45, a PEG ratio of 0.94 and a beta of 0.87. LPL Financial Holdings Inc. has a one year low of $187.19 and a one year high of $384.04.

LPL Financial (NASDAQ:LPLA) last posted its quarterly earnings data on Thursday, January 30th. The financial services provider reported $4.25 EPS for the quarter, topping 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%. Analysts anticipate that LPL Financial Holdings Inc. will post 19.35 earnings per share for the current year.

LPL Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.34%. The ex-dividend date is Tuesday, March 11th. LPL Financial’s dividend payout ratio (DPR) is presently 8.55%.

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.