Corient Private Wealth LLC Acquires 1,180 Shares of LPL Financial Holdings Inc. (NASDAQ:LPLA)

Corient Private Wealth LLC grew its holdings in LPL Financial Holdings Inc. (NASDAQ:LPLA) by 3.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,972 shares of the financial services provider’s stock after purchasing an additional 1,180 shares during the period. Corient Private Wealth LLC’s holdings in LPL Financial were worth $11,418,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Natixis Advisors LLC increased its holdings in shares of LPL Financial by 2.9% in the 4th quarter. Natixis Advisors LLC now owns 55,367 shares of the financial services provider’s stock worth $18,078,000 after purchasing an additional 1,553 shares in the last quarter. Picton Mahoney Asset Management increased its holdings in shares of LPL Financial by 9,444.7% in the 4th quarter. Picton Mahoney Asset Management now owns 57,268 shares of the financial services provider’s stock worth $18,698,000 after purchasing an additional 56,668 shares in the last quarter. Diamond Hill Capital Management Inc. purchased a new position in shares of LPL Financial in the 4th quarter worth $8,949,000. Atala Financial Inc purchased a new position in shares of LPL Financial in the 4th quarter worth $59,000. Finally, Impact Capital Partners LLC purchased a new position in shares of LPL Financial in the 4th quarter worth $941,000. Institutional investors own 95.66% of the company’s stock.

LPL Financial Price Performance

Shares of LPL Financial stock opened at $332.21 on Thursday. LPL Financial Holdings Inc. has a 52 week low of $187.19 and a 52 week high of $384.04. 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’s 50-day simple moving average is $351.98 and its 200-day simple moving average is $305.90. The company has a market capitalization of $24.81 billion, a price-to-earnings ratio of 23.66, a PEG ratio of 0.94 and a beta of 0.82.

LPL Financial (NASDAQ:LPLA) last issued its earnings results on Thursday, January 30th. The financial services provider reported $4.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.01 by $0.24. LPL Financial had a return on equity of 49.41% and a net margin of 8.55%. As a group, analysts expect 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 announced a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $1.20 annualized dividend and a dividend yield of 0.36%. LPL Financial’s dividend payout ratio (DPR) is 8.55%.

Insider Transactions at LPL Financial

In other LPL Financial news, Director Marc Eliot Cohen sold 1,100 shares of the business’s 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 sale, the director now directly owns 4,075 shares of the company’s stock, valued at $1,490,838.75. The trade was a 21.26 % 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, CFO Matthew J. Audette sold 28,777 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $365.14, for a total value of $10,507,633.78. Following the sale, the chief financial officer now directly owns 13,663 shares in the company, valued at $4,988,907.82. The trade was a 67.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 34,465 shares of company stock valued at $12,562,070. 1.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

LPLA has been the topic of a number of research reports. StockNews.com downgraded LPL Financial from a “hold” rating to a “sell” rating in a research note on Monday. JMP Securities restated a “market outperform” rating and issued a $435.00 price target on shares of LPL Financial in a research note on Friday, January 31st. Citigroup raised their price target on LPL Financial from $310.00 to $385.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Keefe, Bruyette & Woods raised their price target on LPL Financial from $390.00 to $405.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Finally, Barclays raised their price target on LPL Financial from $389.00 to $414.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Two analysts have rated the stock with a sell rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $379.17.

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.