United Capital Financial Advisors LLC Purchases Shares of 2,193 LPL Financial Holdings Inc. $LPLA

United Capital Financial Advisors LLC acquired a new position in shares of LPL Financial Holdings Inc. (NASDAQ:LPLA) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,193 shares of the financial services provider’s stock, valued at approximately $618,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Osterweis Capital Management Inc. purchased a new position in LPL Financial during the second quarter worth $26,000. Clearstead Advisors LLC boosted its stake in shares of LPL Financial by 3,650.0% during the fourth quarter. Clearstead Advisors LLC now owns 75 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 73 shares during the last quarter. Core Wealth Advisors LLC purchased a new stake in LPL Financial during the 4th quarter worth about $36,000. Physician Wealth Advisors Inc. raised its stake in LPL Financial by 580.0% in the 1st 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 during the last quarter. Finally, Pinpoint Asset Management Singapore Pte. Ltd. purchased a new position in LPL Financial in the 4th quarter valued at about $50,000. Hedge funds and other institutional investors own 95.66% of the company’s stock.

Insider Activity

In related news, Director Greg Gates sold 4,119 shares of the stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $355.38, for a total value of $1,463,810.22. Following the completion of the transaction, the director owned 23,602 shares of the company’s stock, valued at approximately $8,387,678.76. This represents a 14.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 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 value of $352,720.00. Following the sale, the director owned 13,121 shares in the company, valued at $4,628,039.12. This represents a 7.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 5,735 shares of company stock worth $2,020,845 over the last ninety days. Corporate insiders own 0.60% of the company’s stock.

LPL Financial Stock Down 0.1%

Shares of NASDAQ LPLA opened at $370.14 on Tuesday. The stock has a fifty day moving average price of $334.58 and a 200 day moving average price of $314.74. 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 Holdings Inc. has a 12-month low of $260.15 and a 12-month high of $400.16. The company has a market cap of $29.14 billion, a P/E ratio of 29.52, a P/E/G ratio of 0.62 and a beta of 0.48.

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, 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 firm had revenue of $5.19 billion for the quarter, compared to analyst estimates of $5.04 billion. During the same period in the previous year, the company posted $4.51 EPS. LPL Financial’s revenue for the quarter was up 35.2% on a year-over-year basis. Research analysts anticipate that LPL Financial Holdings Inc. will post 24.09 EPS for the current fiscal year.

LPL Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Friday, August 14th. LPL Financial’s dividend payout ratio is presently 9.57%.

Analysts Set New Price Targets

LPLA has been the subject of a number of recent research reports. TD Cowen lifted their price target on shares of LPL Financial from $330.00 to $372.00 and gave the stock a “hold” rating in a report on Friday, July 31st. Barclays lifted their target price on shares of LPL Financial from $394.00 to $401.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Morgan Stanley increased their price target on LPL Financial from $374.00 to $387.00 and gave the stock an “overweight” rating in a research note on Friday, July 10th. Keefe, Bruyette & Woods lifted their price objective on LPL Financial from $365.00 to $390.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of LPL Financial in a research report on Friday, July 24th. Twelve analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.