O Shaughnessy Asset Management LLC Purchases 1,356 Shares of LPL Financial Holdings Inc. (NASDAQ:LPLA)

O Shaughnessy Asset Management LLC increased its holdings in shares of LPL Financial Holdings Inc. (NASDAQ:LPLA) by 10.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,182 shares of the financial services provider’s stock after acquiring an additional 1,356 shares during the period. O Shaughnessy Asset Management LLC’s holdings in LPL Financial were worth $4,631,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Rockefeller Capital Management L.P. bought a new position in shares of LPL Financial in the third quarter worth about $2,633,000. Principal Financial Group Inc. lifted its holdings in LPL Financial by 15.7% during the 3rd quarter. Principal Financial Group Inc. now owns 25,418 shares of the financial services provider’s stock worth $5,913,000 after buying an additional 3,444 shares in the last quarter. Truist Financial Corp boosted its position in LPL Financial by 7.9% in the 4th quarter. Truist Financial Corp now owns 192,153 shares of the financial services provider’s stock valued at $62,740,000 after buying an additional 14,106 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in shares of LPL Financial by 4.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 31,209 shares of the financial services provider’s stock valued at $10,190,000 after buying an additional 1,383 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of LPL Financial by 4.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 335,749 shares of the financial services provider’s stock worth $109,625,000 after acquiring an additional 13,936 shares during the last quarter. 95.66% of the stock is currently owned by institutional investors.

Insider Buying and Selling at LPL Financial

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

LPL Financial Price Performance

NASDAQ LPLA opened at $338.40 on Thursday. LPL Financial Holdings Inc. has a 12-month low of $187.19 and a 12-month high of $384.04. The firm’s 50 day moving average is $350.80 and its 200-day moving average is $314.46. The company has a market capitalization of $25.24 billion, a PE ratio of 24.10, a price-to-earnings-growth ratio of 0.94 and a beta of 0.82. The company has a quick ratio of 2.16, a current ratio of 2.16 and a debt-to-equity ratio of 1.60.

LPL Financial (NASDAQ:LPLA) last issued its quarterly earnings results on Thursday, January 30th. The financial services provider reported $4.25 EPS for the quarter, topping 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%. 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 was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th were paid a $0.30 dividend. The ex-dividend date of this dividend was 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 8.55%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on LPLA. Keefe, Bruyette & Woods lifted their price objective on LPL Financial from $390.00 to $405.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Barclays boosted their price target on shares of LPL Financial from $389.00 to $414.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. StockNews.com cut shares of LPL Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, March 26th. JPMorgan Chase & Co. lifted their target price on shares of LPL Financial from $397.00 to $405.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Finally, UBS Group increased their price target on LPL Financial from $390.00 to $420.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Two research analysts have rated the stock with a sell rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, LPL Financial currently has an average rating of “Moderate Buy” and an average price target of $380.42.

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.