Curi RMB Capital LLC Takes Position in LPL Financial Holdings Inc. (NASDAQ:LPLA)

Curi RMB Capital LLC acquired a new position in shares of LPL Financial Holdings Inc. (NASDAQ:LPLA) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 801 shares of the financial services provider’s stock, valued at approximately $261,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Graney & King LLC bought a new stake in shares of LPL Financial in the fourth quarter valued at approximately $30,000. Jones Financial Companies Lllp grew its position in LPL Financial by 45.3% in the 4th quarter. Jones Financial Companies Lllp now owns 138 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 43 shares during the last quarter. Atala Financial Inc bought a new position in shares of LPL Financial during the 4th quarter worth about $59,000. Compass Financial Services Inc acquired a new position in shares of LPL Financial during the fourth quarter valued at about $65,000. Finally, R Squared Ltd bought a new stake in shares of LPL Financial in the fourth quarter valued at about $78,000. 95.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other LPL Financial news, CFO Matthew J. Audette sold 28,777 shares of LPL Financial stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $365.14, for a total transaction of $10,507,633.78. Following the completion of the sale, the chief financial officer now owns 13,663 shares of the company’s stock, valued at approximately $4,988,907.82. The trade was a 67.81 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Marc Eliot Cohen sold 1,100 shares of the stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $365.85, for a total value of $402,435.00. Following the completion of the transaction, the director now directly owns 4,075 shares in the company, valued at approximately $1,490,838.75. This trade represents a 21.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 34,465 shares of company stock worth $12,562,070 over the last three months. 1.30% of the stock is currently owned by company insiders.

LPL Financial Stock Performance

Shares of NASDAQ:LPLA opened at $293.36 on Tuesday. The business has a fifty day moving average of $332.70 and a 200-day moving average of $322.65. The firm has a market cap of $23.28 billion, a PE ratio of 20.89, a price-to-earnings-growth ratio of 0.94 and a beta of 0.64. The company has a debt-to-equity ratio of 1.60, a quick ratio of 2.16 and a current ratio of 2.16. LPL Financial Holdings Inc. has a twelve month low of $187.19 and a twelve month high of $384.04.

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

LPL Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.41%. The ex-dividend date of this dividend was Tuesday, March 11th. LPL Financial’s dividend payout ratio (DPR) is presently 8.55%.

Analysts Set New Price Targets

A number of analysts have commented on LPLA shares. JMP Securities reduced their price objective on LPL Financial from $435.00 to $420.00 and set a “market outperform” rating for the company in a research report on Tuesday, April 8th. Keefe, Bruyette & Woods lifted their price target on shares of LPL Financial from $390.00 to $405.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Wells Fargo & Company dropped their price objective on shares of LPL Financial from $405.00 to $342.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. StockNews.com cut shares of LPL Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, March 26th. Finally, Barclays cut their price target on shares of LPL Financial from $414.00 to $365.00 and set an “overweight” rating for the company in a research note on Monday, April 7th. One equities research analyst has rated the stock with a sell rating and twelve have issued a buy rating to the stock. According to MarketBeat, LPL Financial has an average rating of “Moderate Buy” and a consensus price target of $369.83.

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.