Silvant Capital Management LLC Invests $4.84 Million in LPL Financial Holdings Inc. $LPLA

Silvant Capital Management LLC acquired a new position in shares of LPL Financial Holdings Inc. (NASDAQ:LPLA) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 17,188 shares of the financial services provider’s stock, valued at approximately $4,842,000.

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

Insider Buying and Selling

In other news, Director Aneri Jambusaria sold 308 shares of the firm’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $306.00, for a total transaction of $94,248.00. Following the completion of the transaction, the director owned 6,415 shares of the company’s stock, valued at approximately $1,962,990. This trade represents a 4.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Matthew Enyedi sold 1,000 shares of the business’s stock in a transaction 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 directly owned 13,121 shares in the company, valued at approximately $4,628,039.12. This represents a 7.08% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. William Blair reaffirmed an “outperform” rating on shares of LPL Financial in a report on Thursday, June 4th. Keefe, Bruyette & Woods increased their price objective on shares of LPL Financial from $365.00 to $390.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. BMO Capital Markets raised their target price on shares of LPL Financial from $300.00 to $390.00 and gave the company an “outperform” rating in a research report on Monday, August 3rd. JPMorgan Chase & Co. raised their target price on shares of LPL Financial from $408.00 to $428.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Finally, Wolfe Research reaffirmed an “outperform” rating and set a $454.00 target price on shares of LPL Financial in a research note on Wednesday, August 12th. Twelve equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $406.69.

LPL Financial Stock Performance

Shares of LPLA stock opened at $354.02 on Friday. The business’s 50-day moving average price is $325.27 and its 200-day moving average price is $315.54. LPL Financial Holdings Inc. has a 12 month low of $260.15 and a 12 month high of $400.16. The firm has a market capitalization of $27.88 billion, a price-to-earnings ratio of 28.23, a PEG ratio of 0.60 and a beta of 0.48. The company has a current ratio of 2.39, a quick ratio of 2.39 and a debt-to-equity ratio of 1.30.

LPL Financial (NASDAQ:LPLA) last released its quarterly earnings results on Thursday, July 30th. The financial services provider reported $5.84 earnings per share for the quarter, topping the consensus estimate of $5.39 by $0.45. LPL Financial had a return on equity of 32.20% and a net margin of 5.13%.The company had revenue of $5.19 billion for the quarter, compared to analysts’ expectations of $5.04 billion. During the same period in the previous year, the business posted $4.51 earnings per share. The business’s quarterly revenue was up 35.2% compared to the same quarter last year. Equities research analysts forecast that LPL Financial Holdings Inc. will post 24.09 EPS for the current year.

LPL Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be given a dividend of $0.30 per share. The ex-dividend date is Friday, August 14th. This represents a $1.20 annualized dividend and a yield of 0.3%. LPL Financial’s dividend payout ratio (DPR) is currently 9.57%.

About LPL Financial

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.