LPL Financial Holdings Inc. (NASDAQ:LPLA) Shares Purchased by Kennedy Capital Management LLC

Kennedy Capital Management LLC raised its holdings in shares of LPL Financial Holdings Inc. (NASDAQ:LPLA) by 0.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,030 shares of the financial services provider’s stock after purchasing an additional 111 shares during the period. Kennedy Capital Management LLC’s holdings in LPL Financial were worth $6,540,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Wealth Alliance lifted its holdings in shares of LPL Financial by 2.1% in the 4th quarter. Wealth Alliance now owns 1,483 shares of the financial services provider’s stock worth $484,000 after purchasing an additional 30 shares during the last quarter. Sanchez Wealth Management Group grew its stake in shares of LPL Financial by 2.1% in the fourth quarter. Sanchez Wealth Management Group now owns 1,686 shares of the financial services provider’s stock worth $551,000 after purchasing an additional 35 shares in the last quarter. Mather Group LLC. increased its holdings in shares of LPL Financial by 4.1% during the fourth quarter. Mather Group LLC. now owns 916 shares of the financial services provider’s stock valued at $299,000 after purchasing an additional 36 shares during the period. Tyler Stone Wealth Management increased its stake in LPL Financial by 3.7% during the 4th quarter. Tyler Stone Wealth Management now owns 1,076 shares of the financial services provider’s stock valued at $351,000 after buying an additional 38 shares during the period. Finally, Signaturefd LLC raised its position in shares of LPL Financial by 3.1% during the 4th quarter. Signaturefd LLC now owns 1,352 shares of the financial services provider’s stock worth $441,000 after buying an additional 41 shares in the last quarter. Institutional investors and hedge funds own 95.66% of the company’s stock.

Insider Activity

In related news, Director Marc Eliot Cohen sold 1,100 shares of the business’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $365.85, for a total transaction of $402,435.00. Following the transaction, the director now directly owns 4,075 shares in the company, valued at $1,490,838.75. The trade was a 21.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Matthew J. Audette sold 4,588 shares of the firm’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $360.07, for a total value of $1,652,001.16. Following the completion of the transaction, the chief financial officer now directly owns 16,538 shares of the company’s stock, valued at approximately $5,954,837.66. This trade represents a 21.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 34,465 shares of company stock valued at $12,562,070. 1.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on LPLA shares. JMP Securities cut their price objective on LPL Financial from $435.00 to $420.00 and set a “market outperform” rating for the company in a report on Tuesday. UBS Group increased their price objective on LPL Financial from $390.00 to $420.00 and gave the company a “buy” rating in a research report on Friday, January 31st. TD Cowen raised LPL Financial from a “hold” rating to a “buy” rating and lifted their price target for the stock from $277.00 to $413.00 in a research note on Thursday, December 19th. Morgan Stanley raised their price objective on shares of LPL Financial from $379.00 to $413.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Finally, JPMorgan Chase & Co. raised their price objective on LPL Financial from $397.00 to $405.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. One research analyst has rated the stock with a sell rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, LPL Financial presently has an average rating of “Moderate Buy” and a consensus price target of $369.83.

LPL Financial Trading Up 3.3 %

Shares of NASDAQ LPLA opened at $311.42 on Friday. The company has a debt-to-equity ratio of 1.60, a quick ratio of 2.16 and a current ratio of 2.16. The stock has a market cap of $24.71 billion, a price-to-earnings ratio of 22.18, a PEG ratio of 0.94 and a beta of 0.64. The business has a 50 day simple moving average of $340.03 and a 200 day simple moving average of $319.00. LPL Financial Holdings Inc. has a 52 week low of $187.19 and a 52 week high of $384.04.

LPL Financial (NASDAQ:LPLA) last issued its quarterly earnings data on Thursday, January 30th. The financial services provider reported $4.25 EPS for the quarter, beating analysts’ consensus estimates of $4.01 by $0.24. LPL Financial had a return on equity of 49.41% and a net margin of 8.55%. On average, research analysts predict that LPL Financial Holdings Inc. will post 19.35 earnings per share for the current fiscal year.

LPL Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date was Tuesday, March 11th. LPL Financial’s dividend payout ratio (DPR) is 8.55%.

LPL Financial Company 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.