844 Shares in LPL Financial Holdings Inc. $LPLA Bought by Bryn Mawr Trust Advisors LLC

Bryn Mawr Trust Advisors LLC purchased a new stake in shares of LPL Financial Holdings Inc. (NASDAQ:LPLA) in the second quarter, HoldingsChannel.com reports. The firm purchased 844 shares of the financial services provider’s stock, valued at approximately $316,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Summit Securities Group LLC acquired a new position in shares of LPL Financial in the 1st quarter valued at about $26,000. Millstone Evans Group LLC raised its holdings in LPL Financial by 123.1% in the first quarter. Millstone Evans Group LLC now owns 87 shares of the financial services provider’s stock valued at $28,000 after buying an additional 48 shares during the period. Bayforest Capital Ltd purchased a new position in LPL Financial in the second quarter valued at approximately $34,000. Maseco LLP acquired a new position in LPL Financial during the second quarter valued at approximately $34,000. Finally, TCTC Holdings LLC grew its stake in LPL Financial by 116.7% during the first quarter. TCTC Holdings LLC now owns 104 shares of the financial services provider’s stock worth $34,000 after buying an additional 56 shares during the period. 95.66% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Aneri Jambusaria sold 80 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $361.25, for a total value of $28,900.00. Following the sale, the director owned 5,582 shares in the company, valued at approximately $2,016,497.50. This represents a 1.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Greg Gates sold 1,500 shares of LPL Financial stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $338.21, for a total value of $507,315.00. Following the completion of the transaction, the director owned 17,620 shares of the company’s stock, valued at $5,959,260.20. This trade represents a 7.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 3,830 shares of company stock worth $1,336,675 over the last quarter. 1.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on LPLA. JPMorgan Chase & Co. cut their target price on shares of LPL Financial from $463.00 to $438.00 and set an “overweight” rating on the stock in a research note on Monday, October 20th. Citizens Jmp increased their price target on LPL Financial from $455.00 to $475.00 and gave the company a “market outperform” rating in a report on Friday, October 31st. Rothschild & Co Redburn cut LPL Financial from a “buy” rating to a “neutral” rating and set a $390.00 price objective on the stock. in a research note on Friday, September 19th. Citigroup reaffirmed an “outperform” rating on shares of LPL Financial in a research report on Friday, October 31st. Finally, Morgan Stanley dropped their target price on LPL Financial from $490.00 to $462.00 and set an “overweight” rating on the stock in a report on Wednesday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, LPL Financial currently has an average rating of “Moderate Buy” and an average price target of $429.00.

LPL Financial Trading Up 0.2%

Shares of LPLA opened at $373.50 on Friday. LPL Financial Holdings Inc. has a one year low of $262.83 and a one year high of $403.58. The stock has a 50-day moving average price of $340.79 and a 200 day moving average price of $358.81. The company has a debt-to-equity ratio of 1.49, a quick ratio of 3.22 and a current ratio of 2.60. The company has a market capitalization of $29.89 billion, a P/E ratio of 34.39, a P/E/G ratio of 0.83 and a beta of 0.63.

LPL Financial (NASDAQ:LPLA) last announced its earnings results on Thursday, October 30th. The financial services provider reported $5.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.49 by $0.71. The company had revenue of $4.55 billion for the quarter, compared to analyst estimates of $4.08 billion. LPL Financial had a return on equity of 36.80% and a net margin of 5.35%.LPL Financial’s quarterly revenue was up 46.4% on a year-over-year basis. During the same period in the prior year, the company posted $4.16 EPS. Sell-side analysts forecast that LPL Financial Holdings Inc. will post 19.35 EPS for the current fiscal year.

LPL Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Thursday, November 13th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Thursday, November 13th. This represents a $1.20 annualized dividend and a yield of 0.3%. LPL Financial’s dividend payout ratio is currently 11.05%.

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.