Winthrop Advisory Group LLC Sells 225 Shares of LPL Financial Holdings Inc. $LPLA

Winthrop Advisory Group LLC lessened its holdings in LPL Financial Holdings Inc. (NASDAQ:LPLA) by 1.1% during the second quarter, Holdings Channel reports. The fund owned 20,354 shares of the financial services provider’s stock after selling 225 shares during the period. LPL Financial makes up 0.7% of Winthrop Advisory Group LLC’s holdings, making the stock its 23rd largest holding. Winthrop Advisory Group LLC’s holdings in LPL Financial were worth $7,632,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in LPLA. Compass Financial Services Inc boosted its stake in LPL Financial by 14.5% in the first quarter. Compass Financial Services Inc now owns 229 shares of the financial services provider’s stock valued at $75,000 after buying an additional 29 shares in the last quarter. Magnolia Private Wealth LLC boosted its stake in LPL Financial by 2.0% in the second quarter. Magnolia Private Wealth LLC now owns 1,662 shares of the financial services provider’s stock valued at $623,000 after buying an additional 33 shares in the last quarter. Koshinski Asset Management Inc. boosted its stake in LPL Financial by 4.9% in the first quarter. Koshinski Asset Management Inc. now owns 812 shares of the financial services provider’s stock valued at $266,000 after buying an additional 38 shares in the last quarter. Cigna Investments Inc. New boosted its stake in shares of LPL Financial by 5.4% during the second quarter. Cigna Investments Inc. New now owns 786 shares of the financial services provider’s stock valued at $295,000 after purchasing an additional 40 shares in the last quarter. Finally, MAI Capital Management boosted its stake in shares of LPL Financial by 1.6% during the first quarter. MAI Capital Management now owns 2,871 shares of the financial services provider’s stock valued at $939,000 after purchasing an additional 44 shares in the last quarter. Institutional investors own 95.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on LPLA. Weiss Ratings reissued a “hold (c+)” rating on shares of LPL Financial in a research note on Saturday, September 27th. Keefe, Bruyette & Woods raised their price objective on LPL Financial from $425.00 to $435.00 and gave the stock an “outperform” rating in a research report on Monday, August 4th. Citigroup downgraded LPL Financial from a “neutral” rating to a “sell” rating and set a $80.00 price objective for the company. in a research report on Wednesday, July 9th. The Goldman Sachs Group started coverage on LPL Financial in a research report on Friday, September 12th. They set a “buy” rating and a $405.00 price objective for the company. Finally, Wall Street Zen downgraded LPL Financial from a “buy” rating to a “hold” rating in a research report on Saturday, June 14th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, LPL Financial currently has an average rating of “Moderate Buy” and an average price target of $395.77.

LPL Financial Price Performance

Shares of LPLA opened at $317.32 on Wednesday. The company has a market capitalization of $25.39 billion, a price-to-earnings ratio of 21.70, a price-to-earnings-growth ratio of 0.73 and a beta of 0.61. The business has a 50-day moving average of $351.25 and a 200-day moving average of $353.65. The company has a debt-to-equity ratio of 1.41, a current ratio of 3.22 and a quick ratio of 3.22. LPL Financial Holdings Inc. has a 1 year low of $236.59 and a 1 year high of $403.58.

LPL Financial (NASDAQ:LPLA) last issued its earnings results on Thursday, July 31st. The financial services provider reported $4.51 earnings per share for the quarter, topping analysts’ consensus estimates of $4.21 by $0.30. The business had revenue of $3.84 billion during the quarter, compared to the consensus estimate of $3.77 billion. LPL Financial had a return on equity of 39.80% and a net margin of 7.91%.The firm’s revenue for the quarter was up 30.8% on a year-over-year basis. During the same period in the previous year, the company posted $3.88 earnings per share. As a group, equities research analysts anticipate that LPL Financial Holdings Inc. will post 19.35 earnings per share for the current year.

LPL Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Friday, August 15th. LPL Financial’s payout ratio is presently 8.21%.

Insider Buying and Selling

In other LPL Financial news, Director Aneri Jambusaria sold 80 shares of LPL Financial stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $361.25, for a total value of $28,900.00. Following the completion of the sale, the director directly owned 5,582 shares in the company, valued at approximately $2,016,497.50. The trade was a 1.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Greg Gates sold 1,500 shares of LPL Financial stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $338.21, for a total value of $507,315.00. Following the completion of the sale, the director owned 17,620 shares of the company’s stock, valued at approximately $5,959,260.20. The trade was a 7.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 3,080 shares of company stock valued at $1,097,290. 0.70% of the stock is currently owned by corporate insiders.

About LPL Financial

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.