LPL Financial Holdings Inc. $LPLA Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its holdings in shares of LPL Financial Holdings Inc. (NASDAQ:LPLA) by 3.6% in the first quarter, Holdings Channel reports. The institutional investor owned 816,367 shares of the financial services provider’s stock after purchasing an additional 28,025 shares during the period. Dimensional Fund Advisors LP’s holdings in LPL Financial were worth $245,600,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Osterweis Capital Management Inc. acquired a new stake in shares of LPL Financial during the 2nd quarter worth about $26,000. Clearstead Advisors LLC boosted its holdings in LPL Financial by 3,650.0% in the fourth quarter. Clearstead Advisors LLC now owns 75 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 73 shares in the last quarter. Steigerwald Gordon & Koch Inc. boosted its holdings in LPL Financial by 550.0% in the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 78 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 66 shares in the last quarter. Core Wealth Advisors LLC purchased a new position in LPL Financial in the fourth quarter valued at approximately $36,000. Finally, Physician Wealth Advisors Inc. increased its stake in LPL Financial by 580.0% in the first 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. 95.66% of the stock is owned by institutional investors and hedge funds.

LPL Financial Stock Performance

Shares of LPLA opened at $323.32 on Friday. The stock has a market capitalization of $25.86 billion, a P/E ratio of 28.87, a P/E/G ratio of 0.64 and a beta of 0.50. The company has a debt-to-equity ratio of 1.26, a quick ratio of 2.56 and a current ratio of 2.56. LPL Financial Holdings Inc. has a 1 year low of $260.15 and a 1 year high of $403.58. The company’s fifty day moving average is $295.89 and its two-hundred day moving average is $317.06.

LPL Financial (NASDAQ:LPLA) last released its earnings results on Thursday, April 30th. The financial services provider reported $5.60 EPS for the quarter, topping the consensus estimate of $5.49 by $0.11. The company had revenue of $4.94 billion during the quarter, compared to analysts’ expectations of $4.98 billion. LPL Financial had a net margin of 4.93% and a return on equity of 31.26%. The business’s revenue was up 34.6% on a year-over-year basis. During the same quarter last year, the business earned $5.15 EPS. On average, sell-side analysts predict that LPL Financial Holdings Inc. will post 23.38 earnings per share for the current year.

LPL Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 21st were given a $0.30 dividend. The ex-dividend date was Thursday, May 21st. This represents a $1.20 dividend on an annualized basis and a yield of 0.4%. LPL Financial’s dividend payout ratio (DPR) is presently 10.71%.

Insiders Place Their Bets

In other LPL Financial news, Director Aneri Jambusaria sold 308 shares of LPL Financial stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $306.00, for a total value of $94,248.00. Following the sale, the director owned 6,415 shares of the company’s stock, valued at approximately $1,962,990. The trade was a 4.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on LPLA. Citizens Jmp reissued a “market outperform” rating and set a $500.00 price objective on shares of LPL Financial in a report on Monday, April 6th. Jefferies Financial Group lowered their target price on shares of LPL Financial from $464.00 to $383.00 and set a “buy” rating for the company in a report on Monday, April 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of LPL Financial in a research report on Monday, April 27th. William Blair reiterated an “outperform” rating on shares of LPL Financial in a research note on Thursday, June 4th. Finally, TD Cowen reduced their price target on shares of LPL Financial from $330.00 to $326.00 and set a “hold” rating for the company in a research report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $397.92.

LPL Financial Company 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.