Focus Partners Advisor Solutions LLC Acquires New Holdings in LPL Financial Holdings Inc. $LPLA

Focus Partners Advisor Solutions LLC acquired a new position in LPL Financial Holdings Inc. (NASDAQ:LPLA) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 64,443 shares of the financial services provider’s stock, valued at approximately $18,153,000. Focus Partners Advisor Solutions LLC owned approximately 0.08% of LPL Financial as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Osterweis Capital Management Inc. purchased a new position in shares of LPL Financial in the 2nd quarter valued at $26,000. Clearstead Advisors LLC lifted its stake in shares of LPL Financial by 3,650.0% during the 4th quarter. Clearstead Advisors LLC now owns 75 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 73 shares during the last quarter. Core Wealth Advisors LLC purchased a new stake in shares of LPL Financial during the 4th quarter worth $36,000. Physician Wealth Advisors Inc. boosted its position in LPL Financial by 580.0% during the first quarter. Physician Wealth Advisors Inc. now owns 136 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 116 shares in the last quarter. Finally, Pinpoint Asset Management Singapore Pte. Ltd. purchased a new position in LPL Financial in the fourth quarter valued at about $50,000. Institutional investors own 95.66% of the company’s stock.

Insider Activity at LPL Financial

In related news, Director Aneri Jambusaria sold 308 shares of the stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $306.00, for a total value of $94,248.00. Following the completion of the transaction, the director directly owned 6,415 shares of the company’s stock, valued at $1,962,990. This trade represents a 4.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Matthew Enyedi sold 1,000 shares of LPL Financial stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $352.72, for a total transaction of $352,720.00. Following the completion of the sale, the director owned 13,121 shares of the company’s stock, valued at $4,628,039.12. This trade represents a 7.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.60% of the company’s stock.

LPL Financial Stock Down 1.1%

Shares of LPLA stock opened at $370.67 on Friday. The stock’s fifty day moving average price is $319.20 and its 200 day moving average price is $315.91. LPL Financial Holdings Inc. has a 1-year low of $260.15 and a 1-year high of $400.16. The company has a market cap of $29.19 billion, a price-to-earnings ratio of 29.56, a price-to-earnings-growth ratio of 0.62 and a beta of 0.48. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.39 and a quick ratio of 2.39.

LPL Financial (NASDAQ:LPLA) last released its quarterly earnings results on Thursday, July 30th. The financial services provider reported $5.84 EPS for the quarter, beating analysts’ consensus estimates of $5.39 by $0.45. The company had revenue of $5.19 billion during the quarter, compared to analysts’ expectations of $5.04 billion. LPL Financial had a return on equity of 32.20% and a net margin of 5.13%.The firm’s revenue was up 35.2% compared to the same quarter last year. During the same period last year, the business posted $4.51 earnings per share. On average, research analysts expect that LPL Financial Holdings Inc. will post 24.09 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 Friday, August 28th. Stockholders of record on Friday, August 14th will be issued a dividend of $0.30 per share. The ex-dividend date is Friday, August 14th. This represents a $1.20 annualized dividend and a dividend yield of 0.3%. LPL Financial’s dividend payout ratio is 9.57%.

Analyst Ratings Changes

A number of equities analysts have commented on LPLA shares. BMO Capital Markets boosted their target price on shares of LPL Financial from $300.00 to $390.00 and gave the stock an “outperform” rating in a report on Monday, August 3rd. UBS Group lowered their price target on shares of LPL Financial from $395.00 to $391.00 and set a “buy” rating on the stock in a report on Wednesday, July 8th. William Blair reaffirmed an “outperform” rating on shares of LPL Financial in a research report on Thursday, June 4th. JPMorgan Chase & Co. boosted their price objective on shares of LPL Financial from $408.00 to $428.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Finally, Keefe, Bruyette & Woods increased their target price on shares of LPL Financial from $365.00 to $390.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Twelve analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $406.69.

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.