LPL Financial Holdings Inc. (NASDAQ:LPLA) Shares Acquired by LVW Advisors LLC

LVW Advisors LLC lifted its holdings in shares of LPL Financial Holdings Inc. (NASDAQ:LPLA) by 2.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 4,171 shares of the financial services provider’s stock after acquiring an additional 83 shares during the period. LVW Advisors LLC’s holdings in LPL Financial were worth $1,362,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Artemis Investment Management LLP boosted its holdings in shares of LPL Financial by 18.5% during the fourth quarter. Artemis Investment Management LLP now owns 82,736 shares of the financial services provider’s stock worth $27,014,000 after purchasing an additional 12,896 shares during the last quarter. HB Wealth Management LLC boosted its holdings in shares of LPL Financial by 34.0% during the fourth quarter. HB Wealth Management LLC now owns 1,304 shares of the financial services provider’s stock worth $426,000 after purchasing an additional 331 shares during the last quarter. Shelton Wealth Management LLC acquired a new stake in shares of LPL Financial during the fourth quarter worth $1,085,000. Integrated Investment Consultants LLC boosted its holdings in shares of LPL Financial by 3.6% during the fourth quarter. Integrated Investment Consultants LLC now owns 7,465 shares of the financial services provider’s stock worth $2,437,000 after purchasing an additional 262 shares during the last quarter. Finally, Arkadios Wealth Advisors acquired a new position in LPL Financial in the fourth quarter valued at $277,000. Institutional investors and hedge funds own 95.66% of the company’s stock.

Insider Buying and Selling

In other LPL Financial 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 transaction of $101,241.70. Following the sale, the director now owns 3,920 shares in the company, valued at $1,301,204.80. This represents a 7.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.30% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on LPLA. The Goldman Sachs Group boosted their price target on LPL Financial from $271.00 to $305.00 and gave the company a “buy” rating in a research report on Friday, November 1st. UBS Group raised LPL Financial from a “neutral” rating to a “buy” rating and set a $390.00 price target for the company in a research report on Monday, January 6th. TD Cowen raised LPL Financial from a “hold” rating to a “buy” rating and boosted their price target for the company from $277.00 to $413.00 in a research report on Thursday, December 19th. Morgan Stanley boosted their price target on LPL Financial from $303.00 to $309.00 and gave the company an “overweight” rating in a research report on Thursday, October 17th. Finally, JMP Securities reissued a “market outperform” rating and set a $310.00 price target on shares of LPL Financial in a research report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $351.50.

LPL Financial Trading Up 0.8 %

NASDAQ:LPLA opened at $348.93 on Monday. 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 Holdings Inc. has a one year low of $187.19 and a one year high of $350.38. The business’s 50-day simple moving average is $327.62 and its 200 day simple moving average is $267.75. The stock has a market cap of $26.13 billion, a price-to-earnings ratio of 26.24, a price-to-earnings-growth ratio of 1.03 and a beta of 0.87.

LPL Financial (NASDAQ:LPLA) last released its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $4.16 EPS for the quarter, topping the consensus estimate of $3.69 by $0.47. LPL Financial had a return on equity of 49.47% and a net margin of 8.73%. The business had revenue of $3.11 billion for the quarter, compared to analysts’ expectations of $3.04 billion. During the same quarter in the previous year, the firm posted $3.74 earnings per share. The company’s revenue was up 6.0% compared to the same quarter last year. As a group, sell-side analysts predict that LPL Financial Holdings Inc. will post 16.07 earnings per share for the current fiscal year.

LPL Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Thursday, November 14th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.34%. The ex-dividend date was Thursday, November 14th. LPL Financial’s dividend payout ratio (DPR) is 9.02%.

About LPL Financial

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.