Fidelis Capital Partners LLC Acquires New Position in LPL Financial Holdings Inc. (NASDAQ:LPLA)

Fidelis Capital Partners LLC acquired a new stake in LPL Financial Holdings Inc. (NASDAQ:LPLA) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 676 shares of the financial services provider’s stock, valued at approximately $221,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Jones Financial Companies Lllp increased its holdings in LPL Financial by 45.3% in the 4th quarter. Jones Financial Companies Lllp now owns 138 shares of the financial services provider’s stock worth $45,000 after buying an additional 43 shares during the period. Norden Group LLC acquired a new position in LPL Financial in the 4th quarter worth approximately $209,000. Jacobi Capital Management LLC acquired a new position in LPL Financial in the 4th quarter worth approximately $226,000. Metis Global Partners LLC increased its holdings in LPL Financial by 7.4% in the 4th quarter. Metis Global Partners LLC now owns 1,015 shares of the financial services provider’s stock worth $331,000 after buying an additional 70 shares during the period. Finally, Dynasty Wealth Management LLC increased its holdings in LPL Financial by 58.8% in the 4th quarter. Dynasty Wealth Management LLC now owns 6,165 shares of the financial services provider’s stock worth $2,013,000 after buying an additional 2,283 shares during the period. 95.66% of the stock is owned by hedge funds and other institutional investors.

LPL Financial Price Performance

LPL Financial stock opened at $345.08 on Thursday. The company’s fifty day moving average price is $353.43 and its 200 day moving average price is $298.55. LPL Financial Holdings Inc. has a 1 year low of $187.19 and a 1 year high of $384.04. The stock has a market capitalization of $25.73 billion, a P/E ratio of 24.58, a P/E/G ratio of 0.94 and a beta of 0.87. The company has a debt-to-equity ratio of 1.60, a quick ratio of 2.16 and a current ratio of 2.16.

LPL Financial (NASDAQ:LPLA) last released its quarterly earnings results on Thursday, January 30th. The financial services provider reported $4.25 earnings per share (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, equities research analysts anticipate that LPL Financial Holdings Inc. will post 19.35 earnings per share for the current fiscal year.

LPL Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th will be paid a $0.30 dividend. The ex-dividend date is Tuesday, March 11th. This represents a $1.20 dividend on an annualized basis and a yield of 0.35%. LPL Financial’s dividend payout ratio is currently 8.55%.

Analyst Ratings Changes

Several brokerages recently weighed in on LPLA. Citigroup increased their price target on shares of LPL Financial from $310.00 to $385.00 and gave the stock a “buy” rating in a report on Friday, January 10th. TD Cowen upgraded shares of LPL Financial from a “hold” rating to a “buy” rating and increased their price target for the stock from $277.00 to $413.00 in a report on Thursday, December 19th. JMP Securities reiterated a “market outperform” rating and issued a $435.00 price target on shares of LPL Financial in a report on Friday, January 31st. JPMorgan Chase & Co. raised their price objective on shares of LPL Financial from $397.00 to $405.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Finally, StockNews.com raised shares of LPL Financial from a “sell” rating to a “hold” rating in a research note on Saturday, November 9th. One research analyst has rated the stock with a sell rating, one has given a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, LPL Financial has an average rating of “Moderate Buy” and a consensus target price of $379.17.

Insider Buying and Selling at LPL Financial

In other LPL Financial news, CFO Matthew J. Audette sold 28,777 shares of the firm’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $365.14, for a total value of $10,507,633.78. Following the transaction, the chief financial officer now owns 13,663 shares in the company, valued at approximately $4,988,907.82. This trade represents a 67.81 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Marc Eliot Cohen sold 1,100 shares of the firm’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $365.85, for a total value of $402,435.00. Following the completion of the transaction, the director now owns 4,075 shares in the company, valued at $1,490,838.75. The trade was a 21.26 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 34,465 shares of company stock worth $12,562,070. Corporate insiders own 1.30% of the company’s stock.

LPL Financial Company 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.