1,570 Shares in LPL Financial Holdings Inc. (NASDAQ:LPLA) Acquired by Okabena Investment Services Inc.

Okabena Investment Services Inc. acquired a new stake in LPL Financial Holdings Inc. (NASDAQ:LPLA) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 1,570 shares of the financial services provider’s stock, valued at approximately $513,000.

A number of other institutional investors have also recently modified their holdings of the stock. Norges Bank acquired a new position in LPL Financial in the fourth quarter valued at about $305,747,000. Raymond James Financial Inc. acquired a new stake in LPL Financial during the fourth quarter worth about $295,982,000. Boston Partners increased its holdings in LPL Financial by 26.0% in the 4th quarter. Boston Partners now owns 3,905,541 shares of the financial services provider’s stock valued at $1,278,454,000 after buying an additional 805,637 shares during the period. FMR LLC raised its position in shares of LPL Financial by 24.4% in the 3rd quarter. FMR LLC now owns 3,322,571 shares of the financial services provider’s stock valued at $772,930,000 after buying an additional 650,675 shares in the last quarter. Finally, Artisan Partners Limited Partnership bought a new stake in shares of LPL Financial during the 4th quarter worth approximately $136,440,000. 95.66% of the stock is currently owned by institutional investors.

LPL Financial Stock Performance

Shares of LPLA stock opened at $336.89 on Friday. The stock has a market capitalization of $25.16 billion, a PE ratio of 24.00, a PEG ratio of 0.94 and a beta of 0.82. The business’s 50 day simple moving average is $351.92 and its 200 day simple moving average is $311.11. The company has a debt-to-equity ratio of 1.60, a current ratio of 2.16 and a quick ratio of 2.16. 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, beating analysts’ consensus estimates of $4.01 by $0.24. LPL Financial had a net margin of 8.55% and a return on equity of 49.41%. As a group, research analysts forecast that LPL Financial Holdings Inc. will post 19.35 earnings per share for the current year.

LPL Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.36%. LPL Financial’s payout ratio is presently 8.55%.

Insider Buying and Selling

In related news, Director Marc Eliot Cohen sold 1,100 shares of the stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $365.85, for a total value of $402,435.00. Following the transaction, the director now directly owns 4,075 shares in the company, valued at $1,490,838.75. This trade represents a 21.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Matthew J. Audette sold 4,588 shares of the company’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $360.07, for a total transaction of $1,652,001.16. Following the transaction, the chief financial officer now owns 16,538 shares in the company, valued at approximately $5,954,837.66. The trade was a 21.72 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 34,465 shares of company stock valued at $12,562,070 over the last ninety days. 1.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have commented on LPLA shares. Keefe, Bruyette & Woods boosted their price objective on shares of LPL Financial from $390.00 to $405.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Citigroup boosted their price target on LPL Financial from $310.00 to $385.00 and gave the stock a “buy” rating in a report on Friday, January 10th. UBS Group lifted their target price on LPL Financial from $390.00 to $420.00 and gave the company a “buy” rating in a research report on Friday, January 31st. JMP Securities restated a “market outperform” rating and issued a $435.00 price target on shares of LPL Financial in a research note on Friday, January 31st. Finally, JPMorgan Chase & Co. upped their price objective on shares of LPL Financial from $397.00 to $405.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Two analysts have rated the stock with a sell rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $379.17.

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.