Aneri Jambusaria Sells 305 Shares of LPL Financial Holdings Inc. (NASDAQ:LPLA) Stock

LPL Financial Holdings Inc. (NASDAQ:LPLA) Director Aneri Jambusaria sold 305 shares of the business’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $331.94, for a total transaction of $101,241.70. Following the sale, the director now directly owns 3,920 shares in the company, valued at $1,301,204.80. The trade was a 7.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

LPL Financial Price Performance

Shares of NASDAQ:LPLA opened at $324.05 on Wednesday. The company has a quick ratio of 2.16, a current ratio of 2.16 and a debt-to-equity ratio of 1.60. The stock has a market cap of $24.26 billion, a PE ratio of 24.36, a PEG ratio of 1.60 and a beta of 0.86. The company’s fifty day moving average is $288.18 and its 200 day moving average is $257.64. LPL Financial Holdings Inc. has a 52 week low of $187.19 and a 52 week high of $332.91.

LPL Financial (NASDAQ:LPLA) last released its quarterly earnings data 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. The firm had revenue of $3.11 billion for the quarter, compared to the consensus estimate of $3.04 billion. LPL Financial had a return on equity of 49.47% and a net margin of 8.73%. The company’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.74 earnings per share. Research analysts anticipate that LPL Financial Holdings Inc. will post 16.1 earnings per share for the current year.

LPL Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Thursday, November 14th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.37%. The ex-dividend date of this dividend was Thursday, November 14th. LPL Financial’s dividend payout ratio (DPR) is presently 9.02%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on LPLA shares. Morgan Stanley increased their price objective on LPL Financial from $303.00 to $309.00 and gave the stock an “overweight” rating in a report on Thursday, October 17th. Wells Fargo & Company raised shares of LPL Financial from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $235.00 to $285.00 in a report on Wednesday, October 9th. JMP Securities reaffirmed a “market outperform” rating and issued a $310.00 price target on shares of LPL Financial in a report on Wednesday, October 9th. Barclays increased their price objective on LPL Financial from $311.00 to $378.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, StockNews.com upgraded LPL Financial from a “sell” rating to a “hold” rating in a research note on Saturday, November 9th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $296.42.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in LPLA. Ashton Thomas Private Wealth LLC bought a new stake in LPL Financial during the 2nd quarter valued at $25,000. Key Financial Inc purchased a new position in shares of LPL Financial in the second quarter valued at about $28,000. Ashton Thomas Securities LLC bought a new position in shares of LPL Financial during the third quarter valued at about $31,000. Paladin Wealth LLC purchased a new stake in shares of LPL Financial during the third quarter worth about $34,000. Finally, Crewe Advisors LLC grew its stake in shares of LPL Financial by 360.7% in the second quarter. Crewe Advisors LLC now owns 129 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 101 shares during the last quarter. Institutional investors own 95.66% of the company’s stock.

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.