Good Life Advisors LLC Acquires 382 Shares of LPL Financial Holdings Inc. $LPLA

Good Life Advisors LLC lifted its holdings in LPL Financial Holdings Inc. (NASDAQ:LPLA) by 38.7% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 1,370 shares of the financial services provider’s stock after buying an additional 382 shares during the period. Good Life Advisors LLC’s holdings in LPL Financial were worth $514,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LPLA. AGF Management Ltd. increased its stake in shares of LPL Financial by 74.9% during the second quarter. AGF Management Ltd. now owns 765,024 shares of the financial services provider’s stock valued at $286,861,000 after buying an additional 327,580 shares during the period. Bryn Mawr Trust Advisors LLC bought a new position in LPL Financial during the 2nd quarter worth about $316,000. JPMorgan Chase & Co. increased its position in LPL Financial by 8.8% during the 1st quarter. JPMorgan Chase & Co. now owns 1,304,780 shares of the financial services provider’s stock valued at $426,846,000 after purchasing an additional 105,665 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of LPL Financial by 5.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 354,001 shares of the financial services provider’s stock valued at $115,808,000 after purchasing an additional 18,252 shares in the last quarter. Finally, FORA Capital LLC bought a new stake in shares of LPL Financial in the 1st quarter valued at about $1,728,000. Hedge funds and other institutional investors own 95.66% of the company’s stock.

Analyst Ratings Changes

LPLA has been the topic of a number of recent research reports. Rothschild Redb downgraded shares of LPL Financial from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 19th. 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 research report on Wednesday, October 1st. Raymond James Financial upgraded LPL Financial from an “underperform” rating to a “market perform” rating in a report on Thursday, October 9th. TD Cowen upped their price objective on LPL Financial from $356.00 to $410.00 and gave the stock a “hold” rating in a research note on Monday, November 3rd. Finally, Keefe, Bruyette & Woods raised their price objective on LPL Financial from $425.00 to $435.00 and gave the company an “outperform” rating in a research report on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $429.00.

Insiders Place Their Bets

In related news, Director Aneri Jambusaria sold 80 shares of the company’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $361.25, for a total value of $28,900.00. Following the transaction, the director directly owned 5,582 shares of the company’s stock, valued at $2,016,497.50. This represents a 1.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Greg Gates sold 1,500 shares of the firm’s stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $376.43, for a total value of $564,645.00. Following the completion of the transaction, the director owned 15,370 shares of the company’s stock, valued at $5,785,729.10. This trade represents a 8.89% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 3,830 shares of company stock worth $1,336,675 over the last three months. Corporate insiders own 1.30% of the company’s stock.

LPL Financial Stock Down 0.5%

Shares of LPLA stock opened at $370.59 on Friday. The stock’s fifty day moving average price is $342.72 and its 200 day moving average price is $360.58. The company has a debt-to-equity ratio of 1.49, a current ratio of 2.60 and a quick ratio of 2.60. LPL Financial Holdings Inc. has a 1-year low of $262.83 and a 1-year high of $403.58. The company has a market cap of $29.66 billion, a price-to-earnings ratio of 34.12, a price-to-earnings-growth ratio of 0.82 and a beta of 0.63.

LPL Financial (NASDAQ:LPLA) last issued its quarterly earnings results on Thursday, October 30th. The financial services provider reported $5.20 earnings per share for the quarter, topping analysts’ consensus estimates of $4.49 by $0.71. The business 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%.The company’s revenue was up 46.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.16 earnings per share. On average, research analysts expect that LPL Financial Holdings Inc. will post 19.35 earnings per share for the current fiscal year.

LPL Financial Dividend Announcement

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