LPL Financial Holdings Inc. (NASDAQ:LPLA) Shares Purchased by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC increased its stake in shares of LPL Financial Holdings Inc. (NASDAQ:LPLA) by 31.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 14,091 shares of the financial services provider’s stock after purchasing an additional 3,339 shares during the period. Nisa Investment Advisors LLC’s holdings in LPL Financial were worth $3,207,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the business. Smithfield Trust Co grew its stake in shares of LPL Financial by 164.4% in the 3rd quarter. Smithfield Trust Co now owns 119 shares of the financial services provider’s stock valued at $28,000 after buying an additional 74 shares during the period. First Manhattan Co. purchased a new position in LPL Financial in the 4th quarter valued at approximately $27,000. Quarry LP boosted its position in LPL Financial by 220.4% in the 2nd quarter. Quarry LP now owns 173 shares of the financial services provider’s stock valued at $38,000 after buying an additional 119 shares during the period. Fred Alger Management LLC purchased a new position in LPL Financial in the 3rd quarter valued at approximately $44,000. Finally, First Capital Advisors Group LLC. acquired a new stake in shares of LPL Financial in the 2nd quarter valued at $49,000. Institutional investors and hedge funds own 95.66% of the company’s stock.

LPL Financial Price Performance

LPLA opened at $261.12 on Friday. The company has a fifty day simple moving average of $261.30 and a 200 day simple moving average of $239.97. The firm has a market cap of $19.51 billion, a price-to-earnings ratio of 19.13, a PEG ratio of 1.28 and a beta of 0.84. LPL Financial Holdings Inc. has a twelve month low of $179.00 and a twelve month high of $274.35. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 1.80.

LPL Financial (NASDAQ:LPLA) last announced its quarterly earnings data on Thursday, February 1st. The financial services provider reported $3.51 earnings per share for the quarter, topping the consensus estimate of $3.33 by $0.18. The company had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.55 billion. LPL Financial had a net margin of 10.61% and a return on equity of 57.68%. The firm’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period last year, the business earned $4.21 EPS. Equities research analysts expect that LPL Financial Holdings Inc. will post 15.55 EPS for the current fiscal year.

LPL Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Tuesday, March 12th were given a $0.30 dividend. The ex-dividend date was Monday, March 11th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.46%. LPL Financial’s payout ratio is currently 8.79%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on LPLA. JMP Securities raised their price objective on shares of LPL Financial from $290.00 to $305.00 and gave the company a “market outperform” rating in a report on Tuesday. Morgan Stanley upgraded shares of LPL Financial from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $254.00 to $315.00 in a report on Tuesday. UBS Group raised their price objective on shares of LPL Financial from $260.00 to $267.00 and gave the company a “neutral” rating in a report on Wednesday, February 14th. JPMorgan Chase & Co. lifted their price target on shares of LPL Financial from $254.00 to $260.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 2nd. Finally, TD Cowen lifted their price target on shares of LPL Financial from $266.00 to $269.00 and gave the stock a “market perform” rating in a research note on Friday, March 22nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $268.36.

Insider Transactions at LPL Financial

In related news, Director Kabir Sethi sold 1,300 shares of LPL Financial stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $266.50, for a total value of $346,450.00. Following the sale, the director now directly owns 10,245 shares in the company, valued at approximately $2,730,292.50. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other LPL Financial news, CFO Matthew J. Audette sold 5,574 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $266.52, for a total value of $1,485,582.48. Following the transaction, the chief financial officer now owns 13,663 shares in the company, valued at approximately $3,641,462.76. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Kabir Sethi sold 1,300 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $266.50, for a total transaction of $346,450.00. Following the completion of the transaction, the director now owns 10,245 shares in the company, valued at approximately $2,730,292.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 60,151 shares of company stock worth $15,911,088. 1.30% of the stock is currently owned by 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.