LPL Financial Holdings Inc. (NASDAQ:LPLA) Shares Sold by Advisor OS LLC

Advisor OS LLC reduced its stake in LPL Financial Holdings Inc. (NASDAQ:LPLA) by 44.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,946 shares of the financial services provider’s stock after selling 1,527 shares during the period. Advisor OS LLC’s holdings in LPL Financial were worth $636,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in LPLA. Amalgamated Bank grew its stake in shares of LPL Financial by 1.2% in the fourth quarter. Amalgamated Bank now owns 5,662 shares of the financial services provider’s stock valued at $1,849,000 after buying an additional 69 shares in the last quarter. World Equity Group Inc. purchased a new position in LPL Financial in the 4th quarter worth approximately $561,000. First Horizon Advisors Inc. grew its position in LPL Financial by 12.2% in the fourth quarter. First Horizon Advisors Inc. now owns 432 shares of the financial services provider’s stock valued at $141,000 after acquiring an additional 47 shares in the last quarter. One Day In July LLC purchased a new stake in shares of LPL Financial during the fourth quarter valued at approximately $229,000. Finally, WealthCare Investment Partners LLC purchased a new stake in shares of LPL Financial during the fourth quarter valued at approximately $222,000. 95.66% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other LPL Financial news, Director Aneri Jambusaria sold 305 shares of the stock in a transaction 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 of the company’s stock, valued at $1,301,204.80. This trade represents a 7.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Matthew J. Audette sold 28,777 shares of the business’s stock in a transaction 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 transaction, the chief financial officer now directly owns 13,663 shares of the company’s stock, valued at approximately $4,988,907.82. This trade represents a 67.81 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. JMP Securities reaffirmed a “market outperform” rating and set a $435.00 price target on shares of LPL Financial in a report on Friday, January 31st. StockNews.com upgraded LPL Financial from a “sell” rating to a “hold” rating in a research note on Saturday, November 9th. Morgan Stanley lifted their target price on LPL Financial from $379.00 to $413.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Wells Fargo & Company increased their price target on LPL Financial from $390.00 to $405.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Finally, UBS Group lifted their price objective on LPL Financial from $390.00 to $420.00 and gave the stock a “buy” rating in a report on Friday, January 31st. One equities 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, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $379.17.

LPL Financial Stock Up 1.4 %

LPLA stock opened at $362.20 on Thursday. The firm has a market cap of $27.01 billion, a price-to-earnings ratio of 25.80, a PEG ratio of 0.94 and a beta of 0.87. LPL Financial Holdings Inc. has a 1-year low of $187.19 and a 1-year high of $384.04. The firm has a fifty day moving average price of $351.24 and a two-hundred day moving average price of $293.86. 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 (NASDAQ:LPLA) last posted its quarterly earnings results on Thursday, January 30th. The financial services provider reported $4.25 EPS for the quarter, beating the consensus estimate of $4.01 by $0.24. LPL Financial had a net margin of 8.55% and a return on equity of 49.41%. Research analysts predict that LPL Financial Holdings Inc. will post 19.35 EPS 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 given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.33%. The ex-dividend date is Tuesday, March 11th. LPL Financial’s payout ratio is 8.55%.

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.