LPL Financial Holdings Inc. (NASDAQ:LPLA) Stock Position Increased by Pathstone Holdings LLC

Pathstone Holdings LLC lifted its position in LPL Financial Holdings Inc. (NASDAQ:LPLA) by 0.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 36,610 shares of the financial services provider’s stock after buying an additional 276 shares during the period. Pathstone Holdings LLC’s holdings in LPL Financial were worth $11,954,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of LPLA. Moore Capital Management LP acquired a new position in shares of LPL Financial in the 4th quarter worth $52,440,000. Lighthouse Investment Partners LLC acquired a new position in shares of LPL Financial in the 4th quarter worth $14,036,000. Janus Henderson Group PLC grew its holdings in shares of LPL Financial by 20.6% in the 4th quarter. Janus Henderson Group PLC now owns 3,050,529 shares of the financial services provider’s stock worth $996,032,000 after acquiring an additional 522,032 shares during the last quarter. Jefferies Financial Group Inc. grew its holdings in shares of LPL Financial by 143.9% in the 4th quarter. Jefferies Financial Group Inc. now owns 17,400 shares of the financial services provider’s stock worth $5,681,000 after acquiring an additional 10,266 shares during the last quarter. Finally, Hudson Bay Capital Management LP grew its holdings in shares of LPL Financial by 109.0% in the 4th quarter. Hudson Bay Capital Management LP now owns 185,935 shares of the financial services provider’s stock worth $60,710,000 after acquiring an additional 96,988 shares during the last quarter. Institutional investors own 95.66% of the company’s stock.

LPL Financial Stock Down 0.9%

Shares of LPLA opened at $381.42 on Friday. The firm has a market capitalization of $30.50 billion, a price-to-earnings ratio of 27.17, a PEG ratio of 0.94 and a beta of 0.65. The company has a debt-to-equity ratio of 1.60, a quick ratio of 2.16 and a current ratio of 2.16. The business’s fifty day moving average price is $324.63 and its two-hundred day moving average price is $332.20. LPL Financial Holdings Inc. has a 52 week low of $187.19 and a 52 week high of $390.23.

LPL Financial (NASDAQ:LPLA) last announced its quarterly earnings data on Thursday, May 8th. The financial services provider reported $5.15 EPS for the quarter, beating analysts’ consensus estimates of $4.54 by $0.61. The firm had revenue of $3.67 billion for the quarter, compared to analyst estimates of $3.63 billion. LPL Financial had a return on equity of 49.41% and a net margin of 8.55%. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period last year, the company earned $3.83 EPS. On average, analysts predict that LPL Financial Holdings Inc. will post 19.35 earnings per share for the current year.

LPL Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Friday, May 30th will be given a $0.30 dividend. The ex-dividend date is Friday, May 30th. This represents a $1.20 dividend on an annualized basis and a yield of 0.31%. LPL Financial’s payout ratio is 8.30%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on LPLA. JPMorgan Chase & Co. lifted their target price on LPL Financial from $397.00 to $405.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. JMP Securities lifted their price target on LPL Financial from $420.00 to $440.00 and gave the company a “market outperform” rating in a report on Friday, May 9th. Keefe, Bruyette & Woods lifted their price target on LPL Financial from $390.00 to $405.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Barclays lifted their price target on LPL Financial from $365.00 to $400.00 and gave the company an “overweight” rating in a report on Monday. Finally, Wells Fargo & Company lowered their price target on LPL Financial from $405.00 to $342.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. One research analyst has rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $374.42.

Insider Buying and Selling at LPL Financial

In other news, CFO Matthew J. Audette sold 4,588 shares of the stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $360.07, for a total value of $1,652,001.16. Following the transaction, the chief financial officer now owns 16,538 shares of the company’s stock, valued at $5,954,837.66. This represents a 21.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Marc Eliot Cohen sold 1,100 shares of the stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $365.85, for a total value of $402,435.00. Following the completion of the transaction, the director now directly owns 4,075 shares in the company, valued at approximately $1,490,838.75. This trade represents a 21.26% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.

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.