Hutchens & Kramer Investment Management Group LLC Has $313,000 Stock Holdings in LPL Financial Holdings Inc. (NASDAQ:LPLA)

Hutchens & Kramer Investment Management Group LLC boosted its position in LPL Financial Holdings Inc. (NASDAQ:LPLA) by 5.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 958 shares of the financial services provider’s stock after acquiring an additional 51 shares during the quarter. Hutchens & Kramer Investment Management Group LLC’s holdings in LPL Financial were worth $313,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bridges Investment Management Inc. increased its position in LPL Financial by 3.2% in the 3rd quarter. Bridges Investment Management Inc. now owns 1,185 shares of the financial services provider’s stock valued at $276,000 after buying an additional 37 shares in the last quarter. Avior Wealth Management LLC increased its position in LPL Financial by 1.8% in the 3rd quarter. Avior Wealth Management LLC now owns 2,416 shares of the financial services provider’s stock valued at $562,000 after buying an additional 42 shares in the last quarter. MFA Wealth Advisors LLC increased its position in LPL Financial by 3.9% in the 3rd quarter. MFA Wealth Advisors LLC now owns 1,148 shares of the financial services provider’s stock valued at $267,000 after buying an additional 43 shares in the last quarter. Integrated Wealth Concepts LLC increased its position in LPL Financial by 1.1% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 4,107 shares of the financial services provider’s stock valued at $956,000 after buying an additional 44 shares in the last quarter. Finally, Metis Global Partners LLC increased its position in LPL Financial by 5.1% in the 3rd quarter. Metis Global Partners LLC now owns 945 shares of the financial services provider’s stock valued at $220,000 after buying an additional 46 shares in the last quarter. 95.66% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on LPLA shares. StockNews.com raised LPL Financial from a “sell” rating to a “hold” rating in a research report on Saturday, November 9th. JPMorgan Chase & Co. raised LPL Financial from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $288.00 to $397.00 in a report on Tuesday, January 7th. Keefe, Bruyette & Woods boosted their price objective on LPL Financial from $325.00 to $390.00 and gave the stock an “outperform” rating in a report on Friday, December 20th. JMP Securities reissued a “market outperform” rating and set a $310.00 price objective on shares of LPL Financial in a report on Wednesday, October 9th. Finally, TD Cowen raised LPL Financial from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $277.00 to $413.00 in a report on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $351.50.

Insider Activity at LPL Financial

In related 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 value of $101,241.70. Following the transaction, the director now owns 3,920 shares in the company, valued at approximately $1,301,204.80. This represents a 7.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.30% of the stock is owned by company insiders.

LPL Financial Price Performance

LPL Financial stock opened at $352.75 on Tuesday. LPL Financial Holdings Inc. has a 12 month low of $187.19 and a 12 month high of $361.63. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 1.60. The business’s 50 day simple moving average is $332.31 and its 200 day simple moving average is $271.19. The company has a market cap of $26.41 billion, a price-to-earnings ratio of 26.52, a PEG ratio of 1.09 and a beta of 0.87.

LPL Financial (NASDAQ:LPLA) last posted its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $4.16 EPS for the quarter, beating 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 the consensus estimate of $3.04 billion. During the same quarter in the prior year, the business earned $3.74 earnings per share. LPL Financial’s revenue for the quarter was up 6.0% on a year-over-year basis. Sell-side analysts forecast that LPL Financial Holdings Inc. will post 16.17 EPS for the current year.

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.