LPL Financial Holdings Inc. $LPLA Shares Sold by MGO One Seven LLC

MGO One Seven LLC trimmed its position in LPL Financial Holdings Inc. (NASDAQ:LPLA) by 77.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 961 shares of the financial services provider’s stock after selling 3,288 shares during the quarter. MGO One Seven LLC’s holdings in LPL Financial were worth $343,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Sequoia Financial Advisors LLC raised its holdings in shares of LPL Financial by 136.6% in the 4th quarter. Sequoia Financial Advisors LLC now owns 4,582 shares of the financial services provider’s stock valued at $1,637,000 after purchasing an additional 2,645 shares in the last quarter. Retirement Planning Group LLC lifted its position in LPL Financial by 7.5% in the fourth quarter. Retirement Planning Group LLC now owns 1,957 shares of the financial services provider’s stock valued at $699,000 after acquiring an additional 137 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in LPL Financial by 7.1% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 77,992 shares of the financial services provider’s stock valued at $28,204,000 after acquiring an additional 5,179 shares during the last quarter. QRG Capital Management Inc. lifted its position in LPL Financial by 53.8% in the fourth quarter. QRG Capital Management Inc. now owns 4,238 shares of the financial services provider’s stock valued at $1,514,000 after acquiring an additional 1,482 shares during the last quarter. Finally, AlphaStar Capital Management LLC purchased a new stake in LPL Financial in the fourth quarter valued at $200,000. 95.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at LPL Financial

In other news, Director Marc Eliot Cohen sold 2,212 shares of the business’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $308.75, for a total transaction of $682,955.00. Following the transaction, the director directly owned 5,488 shares in the company, valued at $1,694,420. The trade was a 28.73% 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, Director Matthew Enyedi sold 2,109 shares of the business’s stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $320.15, for a total transaction of $675,196.35. Following the transaction, the director owned 14,121 shares in the company, valued at approximately $4,520,838.15. This trade represents a 12.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 8,569 shares of company stock worth $2,720,733. 0.60% of the stock is owned by company insiders.

LPL Financial Trading Up 0.5%

NASDAQ LPLA opened at $299.73 on Friday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 2.56 and a current ratio of 2.56. The firm has a market cap of $23.97 billion, a PE ratio of 26.76, a P/E/G ratio of 0.61 and a beta of 0.57. LPL Financial Holdings Inc. has a one year low of $281.51 and a one year high of $403.58. The firm’s fifty day moving average is $307.77 and its two-hundred day moving average is $340.78.

LPL Financial (NASDAQ:LPLA) last posted its quarterly earnings data on Thursday, April 30th. The financial services provider reported $5.60 EPS for the quarter, beating analysts’ consensus estimates of $5.49 by $0.11. The company had revenue of $4.94 billion for the quarter, compared to analyst estimates of $4.98 billion. LPL Financial had a net margin of 4.93% and a return on equity of 31.26%. LPL Financial’s quarterly revenue was up 34.6% on a year-over-year basis. During the same period in the previous year, the business posted $5.15 earnings per share. Analysts expect that LPL Financial Holdings Inc. will post 22.98 earnings per share for the current year.

LPL Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Thursday, May 21st will be paid a $0.30 dividend. The ex-dividend date is Thursday, May 21st. This represents a $1.20 dividend on an annualized basis and a yield of 0.4%. LPL Financial’s payout ratio is currently 10.71%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on LPLA shares. Citigroup reissued a “market outperform” rating on shares of LPL Financial in a research report on Tuesday, February 3rd. JPMorgan Chase & Co. reduced their price target on shares of LPL Financial from $396.00 to $390.00 and set an “overweight” rating for the company in a research report on Friday, May 1st. Citizens Jmp reissued a “market outperform” rating and issued a $500.00 price target on shares of LPL Financial in a research report on Monday, April 6th. Weiss Ratings reissued a “hold (c)” rating on shares of LPL Financial in a research report on Monday, April 27th. Finally, Barclays boosted their price target on shares of LPL Financial from $369.00 to $412.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $398.86.

LPL Financial Profile

LPL Financial (NASDAQ: LPLA) is a U.S.-focused financial services firm that provides brokerage, custodial and advisory platforms to independent financial advisors, registered investment advisers and institutions. Operating primarily as an independent broker-dealer and custodian, the company supports a network of advisors with the operational, compliance and clearing infrastructure needed to manage client accounts and deliver investment advice outside of traditional wirehouse models.

The firm’s product and service offerings include trade execution and clearing, custody services, retirement plan services, model portfolio and advisory platforms, wealth management technology, investment research and product access across equities, fixed income, mutual funds, exchange-traded funds and insurance and annuity solutions.