LPL Financial Holdings Inc. (NASDAQ:LPLA) Shares Bought by Dynasty Wealth Management LLC

Dynasty Wealth Management LLC lifted its stake in shares of LPL Financial Holdings Inc. (NASDAQ:LPLA) by 58.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,165 shares of the financial services provider’s stock after purchasing an additional 2,283 shares during the quarter. Dynasty Wealth Management LLC’s holdings in LPL Financial were worth $2,013,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. QRG Capital Management Inc. lifted its position in LPL Financial by 8.0% in the 4th quarter. QRG Capital Management Inc. now owns 1,812 shares of the financial services provider’s stock valued at $592,000 after purchasing an additional 134 shares during the last quarter. Versor Investments LP acquired a new stake in shares of LPL Financial in the fourth quarter valued at approximately $1,833,000. Proficio Capital Partners LLC bought a new stake in shares of LPL Financial during the fourth quarter valued at approximately $27,518,000. Oppenheimer & Co. Inc. acquired a new position in shares of LPL Financial during the fourth quarter worth approximately $539,000. Finally, Mn Services Vermogensbeheer B.V. grew its holdings in LPL Financial by 2.4% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 29,800 shares of the financial services provider’s stock worth $9,730,000 after buying an additional 700 shares in the last quarter. Institutional investors own 95.66% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on LPLA shares. JPMorgan Chase & Co. boosted their price target on LPL Financial from $397.00 to $405.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. TD Cowen raised shares of LPL Financial from a “hold” rating to a “buy” rating and upped their price objective for the stock from $277.00 to $413.00 in a report on Thursday, December 19th. Morgan Stanley raised their target price on shares of LPL Financial from $379.00 to $413.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Wells Fargo & Company upped their price target on shares of LPL Financial from $390.00 to $405.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Finally, The Goldman Sachs Group raised their price objective on shares of LPL Financial from $271.00 to $305.00 and gave the company a “buy” rating in a research note on Friday, November 1st. One 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. According to data from MarketBeat.com, LPL Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $379.17.

Insider Transactions at LPL Financial

In other LPL Financial news, Director Marc Eliot Cohen sold 1,100 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $365.85, for a total transaction of $402,435.00. Following the transaction, the director now owns 4,075 shares in the company, valued at $1,490,838.75. This trade represents a 21.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Matthew J. Audette sold 28,777 shares of LPL Financial stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now directly owns 13,663 shares in the company, valued at approximately $4,988,907.82. This represents a 67.81 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 34,770 shares of company stock valued at $12,663,312 in the last three months. Corporate insiders own 1.30% of the company’s stock.

LPL Financial Stock Down 0.1 %

NASDAQ:LPLA opened at $361.67 on Friday. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 1.60. LPL Financial Holdings Inc. has a 1-year low of $187.19 and a 1-year high of $384.04. The business’s fifty day moving average price is $351.24 and its 200 day moving average price is $293.86. The firm has a market capitalization of $26.97 billion, a price-to-earnings ratio of 25.76, a PEG ratio of 0.94 and a beta of 0.87.

LPL Financial (NASDAQ:LPLA) last posted its quarterly earnings results on Thursday, January 30th. The financial services provider reported $4.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.01 by $0.24. LPL Financial had a net margin of 8.55% and a return on equity of 49.41%. On average, sell-side analysts forecast that LPL Financial Holdings Inc. will post 19.35 earnings per share for the current fiscal year.

LPL Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th will be paid 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 of this dividend is Tuesday, March 11th. LPL Financial’s dividend payout ratio (DPR) is presently 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.