Lbp Am Sa Boosts Holdings in LPL Financial Holdings Inc. $LPLA

Lbp Am Sa increased its position in shares of LPL Financial Holdings Inc. (NASDAQ:LPLA) by 47.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 36,128 shares of the financial services provider’s stock after buying an additional 11,557 shares during the quarter. Lbp Am Sa’s holdings in LPL Financial were worth $12,019,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Mutual of America Capital Management LLC raised its position in LPL Financial by 116.6% in the third quarter. Mutual of America Capital Management LLC now owns 5,568 shares of the financial services provider’s stock valued at $1,852,000 after purchasing an additional 2,997 shares during the period. Whittier Trust Co. of Nevada Inc. increased its position in shares of LPL Financial by 40.3% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 19,405 shares of the financial services provider’s stock worth $6,107,000 after purchasing an additional 5,572 shares during the last quarter. Whittier Trust Co. raised its holdings in LPL Financial by 40.2% in the 3rd quarter. Whittier Trust Co. now owns 35,161 shares of the financial services provider’s stock valued at $11,066,000 after buying an additional 10,085 shares during the period. Mitsubishi UFJ Trust & Banking Corp lifted its position in LPL Financial by 2.8% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 40,891 shares of the financial services provider’s stock valued at $13,604,000 after buying an additional 1,131 shares during the last quarter. Finally, Covestor Ltd boosted its stake in LPL Financial by 30.4% during the third quarter. Covestor Ltd now owns 343 shares of the financial services provider’s stock worth $114,000 after buying an additional 80 shares during the period. 95.66% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on LPLA. Barclays reduced their price target on shares of LPL Financial from $453.00 to $444.00 and set an “overweight” rating on the stock in a research note on Thursday, January 8th. Wolfe Research set a $486.00 price target on LPL Financial in a research note on Wednesday, January 7th. Citizens Jmp lifted their price objective on LPL Financial from $455.00 to $475.00 and gave the company a “market outperform” rating in a research note on Friday, October 31st. Morgan Stanley decreased their target price on LPL Financial from $462.00 to $447.00 and set an “overweight” rating on the stock in a research note on Monday, December 22nd. Finally, Raymond James Financial raised LPL Financial from an “underperform” rating to a “market perform” rating in a research report on Thursday, October 9th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, LPL Financial presently has a consensus rating of “Moderate Buy” and an average target price of $429.07.

Insider Buying and Selling at LPL Financial

In other LPL Financial news, Director Aneri Jambusaria sold 80 shares of the firm’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $352.48, for a total value of $28,198.40. Following the sale, the director directly owned 5,502 shares in the company, valued at $1,939,344.96. This trade represents a 1.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Richard Steinmeier sold 5,058 shares of LPL Financial stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $370.99, for a total value of $1,876,467.42. Following the sale, the chief executive officer directly owned 9,326 shares of the company’s stock, valued at $3,459,852.74. This trade represents a 35.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 7,388 shares of company stock valued at $2,747,538. Insiders own 0.70% of the company’s stock.

LPL Financial Price Performance

LPLA stock opened at $358.99 on Tuesday. The business’s 50-day moving average is $365.03 and its two-hundred day moving average is $358.36. The company has a debt-to-equity ratio of 1.49, a current ratio of 2.60 and a quick ratio of 2.60. The firm has a market capitalization of $28.73 billion, a P/E ratio of 33.06, a P/E/G ratio of 0.78 and a beta of 0.57. LPL Financial Holdings Inc. has a 1 year low of $262.83 and a 1 year high of $403.58.

LPL Financial (NASDAQ:LPLA) last announced its quarterly earnings data on Thursday, October 30th. The financial services provider reported $5.20 EPS for the quarter, topping analysts’ consensus estimates of $4.49 by $0.71. The business had revenue of $4.55 billion during the quarter, compared to the consensus estimate of $4.08 billion. LPL Financial had a return on equity of 36.80% and a net margin of 5.35%.The business’s revenue for the quarter was up 46.4% on a year-over-year basis. During the same period in the previous year, the company posted $4.16 earnings per share. Analysts anticipate that LPL Financial Holdings Inc. will post 19.35 earnings per share for the current fiscal year.

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.