UMB Bank n.a. Has $4.85 Million Holdings in LPL Financial Holdings Inc. (NASDAQ:LPLA)

UMB Bank n.a. lifted its holdings in shares of LPL Financial Holdings Inc. (NASDAQ:LPLA) by 9,865.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 14,848 shares of the financial services provider’s stock after acquiring an additional 14,699 shares during the period. UMB Bank n.a.’s holdings in LPL Financial were worth $4,848,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. LVW Advisors LLC lifted its stake in LPL Financial by 2.0% in the fourth quarter. LVW Advisors LLC now owns 4,171 shares of the financial services provider’s stock valued at $1,362,000 after buying an additional 83 shares during the period. Artemis Investment Management LLP increased its stake in shares of LPL Financial by 18.5% in the 4th quarter. Artemis Investment Management LLP now owns 82,736 shares of the financial services provider’s stock valued at $27,014,000 after acquiring an additional 12,896 shares during the last quarter. HB Wealth Management LLC increased its stake in shares of LPL Financial by 34.0% in the 4th quarter. HB Wealth Management LLC now owns 1,304 shares of the financial services provider’s stock valued at $426,000 after acquiring an additional 331 shares during the last quarter. Shelton Wealth Management LLC acquired a new stake in shares of LPL Financial in the 4th quarter valued at approximately $1,085,000. Finally, Integrated Investment Consultants LLC boosted its stake in LPL Financial by 3.6% during the 4th quarter. Integrated Investment Consultants LLC now owns 7,465 shares of the financial services provider’s stock worth $2,437,000 after acquiring an additional 262 shares during the last quarter. 95.66% of the stock is owned by institutional investors.

LPL Financial Trading Up 0.8 %

LPL Financial stock opened at $348.93 on Tuesday. The company has a debt-to-equity ratio of 1.60, a current ratio of 2.16 and a quick ratio of 2.16. The firm has a 50-day moving average of $328.24 and a 200-day moving average of $268.24. The company has a market cap of $26.13 billion, a price-to-earnings ratio of 26.24, a P/E/G ratio of 1.03 and a beta of 0.87. LPL Financial Holdings Inc. has a one year low of $187.19 and a one year high of $350.38.

LPL Financial (NASDAQ:LPLA) last posted its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $4.16 earnings per share for the quarter, beating analysts’ consensus estimates of $3.69 by $0.47. LPL Financial had a return on equity of 49.47% and a net margin of 8.73%. The firm had revenue of $3.11 billion during the quarter, compared to the consensus estimate of $3.04 billion. During the same period last year, the company earned $3.74 earnings per share. The business’s revenue was up 6.0% compared to the same quarter last year. On average, equities analysts expect that LPL Financial Holdings Inc. will post 16.07 earnings per share for the current fiscal year.

LPL Financial Dividend Announcement

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

Insider Activity

In related news, Director Aneri Jambusaria sold 305 shares of LPL Financial stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $331.94, for a total transaction of $101,241.70. Following the completion of the transaction, the director now owns 3,920 shares in the company, valued at approximately $1,301,204.80. This trade represents a 7.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Barclays lifted their price target on shares of LPL Financial from $378.00 to $379.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Morgan Stanley boosted their target price on LPL Financial from $303.00 to $309.00 and gave the company an “overweight” rating in a research note on Thursday, October 17th. TD Cowen raised LPL Financial from a “hold” rating to a “buy” rating and raised their price target for the stock from $277.00 to $413.00 in a research report on Thursday, December 19th. JPMorgan Chase & Co. upgraded LPL Financial from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $288.00 to $397.00 in a research report on Tuesday, January 7th. Finally, The Goldman Sachs Group raised their target price on shares of LPL Financial from $271.00 to $305.00 and gave the stock a “buy” rating in a report on Friday, November 1st. One analyst has rated the stock with a sell rating, one has given a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $351.50.

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.