OneAscent Financial Services LLC Has $259,000 Position in LPL Financial Holdings Inc. (NASDAQ:LPLA)

OneAscent Financial Services LLC lessened its position in LPL Financial Holdings Inc. (NASDAQ:LPLA) by 22.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 792 shares of the financial services provider’s stock after selling 226 shares during the period. OneAscent Financial Services LLC’s holdings in LPL Financial were worth $259,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Graney & King LLC acquired a new position in LPL Financial in the fourth quarter valued at about $30,000. Jones Financial Companies Lllp grew its position in LPL Financial by 45.3% during the 4th quarter. Jones Financial Companies Lllp now owns 138 shares of the financial services provider’s stock worth $45,000 after acquiring an additional 43 shares during the last quarter. Atala Financial Inc acquired a new stake in LPL Financial during the 4th quarter valued at $59,000. Compass Financial Services Inc bought a new position in LPL Financial in the 4th quarter valued at $65,000. Finally, R Squared Ltd acquired a new position in LPL Financial in the fourth quarter worth $78,000. Institutional investors own 95.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on LPLA shares. TD Cowen upgraded LPL Financial from a “hold” rating to a “buy” rating and raised their target price for the company from $277.00 to $413.00 in a research note on Thursday, December 19th. Keefe, Bruyette & Woods raised their price objective on shares of LPL Financial from $390.00 to $405.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Morgan Stanley upped their target price on shares of LPL Financial from $379.00 to $413.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Wells Fargo & Company raised their price target on shares of LPL Financial from $390.00 to $405.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Finally, UBS Group upped their price objective on LPL Financial from $390.00 to $420.00 and gave the stock a “buy” rating in a report on Friday, January 31st. One analyst has rated the stock with a sell rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, LPL Financial presently has an average rating of “Moderate Buy” and a consensus target price of $380.42.

Insider Buying and Selling

In related 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 completion of the sale, the director now directly owns 4,075 shares of the company’s stock, valued at approximately $1,490,838.75. This represents a 21.26 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Matthew J. Audette sold 4,588 shares of LPL Financial stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $360.07, for a total transaction of $1,652,001.16. Following the completion of the transaction, the chief financial officer now directly owns 16,538 shares in the company, valued at approximately $5,954,837.66. The trade was a 21.72 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 34,465 shares of company stock valued at $12,562,070. 1.30% of the stock is owned by company insiders.

LPL Financial Price Performance

Shares of LPLA opened at $283.31 on Friday. The stock has a market cap of $21.13 billion, a P/E ratio of 20.18, a price-to-earnings-growth ratio of 0.94 and a beta of 0.82. LPL Financial Holdings Inc. has a 1 year low of $187.19 and a 1 year high of $384.04. The stock’s 50-day moving average price is $348.34 and its two-hundred day moving average price is $314.97. 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 (NASDAQ:LPLA) last released its quarterly earnings data on Thursday, January 30th. The financial services provider reported $4.25 earnings per share for the quarter, topping the consensus estimate 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, equities analysts predict that LPL Financial Holdings Inc. will post 19.35 earnings per share for the current year.

LPL Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date of this dividend was Tuesday, March 11th. LPL Financial’s dividend payout ratio is currently 8.55%.

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.