BNP Paribas Arbitrage SNC Grows Stock Holdings in LPL Financial Holdings Inc. (NASDAQ:LPLA)

BNP Paribas Arbitrage SNC grew its position in LPL Financial Holdings Inc. (NASDAQ:LPLA – Get Rating) by 128.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 87,272 shares of the financial services provider’s stock after purchasing an additional 49,127 shares during the period. BNP Paribas Arbitrage SNC owned approximately 0.11% of LPL Financial worth $19,067,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Benjamin Edwards Inc. grew its stake in shares of LPL Financial by 22.3% during the third quarter. Benjamin Edwards Inc. now owns 225 shares of the financial services provider’s stock worth $49,000 after buying an additional 41 shares during the last quarter. Sanchez Wealth Management Group lifted its stake in LPL Financial by 4.6% during the 3rd quarter. Sanchez Wealth Management Group now owns 1,571 shares of the financial services provider’s stock valued at $343,000 after acquiring an additional 69 shares during the period. Advisors Asset Management Inc. lifted its stake in shares of LPL Financial by 0.9% in the 1st quarter. Advisors Asset Management Inc. now owns 8,065 shares of the financial services provider’s stock valued at $1,473,000 after purchasing an additional 75 shares during the period. CWM LLC lifted its position in shares of LPL Financial by 8.5% in the third quarter. CWM LLC now owns 1,018 shares of the financial services provider’s stock valued at $222,000 after acquiring an additional 80 shares in the last quarter. Finally, Yousif Capital Management LLC grew its stake in shares of LPL Financial by 3.6% in the 1st quarter. Yousif Capital Management LLC now owns 2,424 shares of the financial services provider’s stock valued at $443,000 after buying an additional 85 shares during the period. 94.89% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Keefe, Bruyette & Woods increased their target price on shares of LPL Financial from $258.00 to $277.00 and gave the stock an “outperform” rating in a research report on Thursday, January 12th. JMP Securities restated a “market outperform” rating and set a $290.00 price objective on shares of LPL Financial in a research report on Monday. JPMorgan Chase & Co. raised their price objective on LPL Financial from $259.00 to $260.00 and gave the stock a “neutral” rating in a research report on Monday, January 23rd. Morgan Stanley raised their price objective on LPL Financial from $239.00 to $244.00 and gave the stock an “equal weight” rating in a research report on Monday, February 6th. Finally, UBS Group lowered LPL Financial from a “buy” rating to a “neutral” rating and reduced their price target for the company from $305.00 to $230.00 in a report on Thursday, November 17th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $260.88.

Insider Buying and Selling

In other LPL Financial news, Director Michelle Oroschakoff sold 4,809 shares of LPL Financial stock in a transaction dated Monday, February 27th. The shares were sold at an average price of $246.18, for a total value of $1,183,879.62. Following the completion of the transaction, the director now directly owns 23,852 shares of the company’s stock, valued at $5,871,885.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other LPL Financial news, Director Michelle Oroschakoff sold 4,809 shares of the firm’s stock in a transaction that occurred on Monday, February 27th. The shares were sold at an average price of $246.18, for a total transaction of $1,183,879.62. Following the completion of the transaction, the director now directly owns 23,852 shares of the company’s stock, valued at approximately $5,871,885.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Matthew J. Audette sold 7,111 shares of the stock in a transaction that occurred on Monday, February 27th. The shares were sold at an average price of $246.17, for a total value of $1,750,514.87. Following the completion of the sale, the chief financial officer now directly owns 12,644 shares of the company’s stock, valued at $3,112,573.48. The disclosure for this sale can be found here. Insiders have sold a total of 91,693 shares of company stock valued at $22,341,455 over the last 90 days. 1.60% of the stock is owned by insiders.

LPL Financial Stock Up 1.6 %

LPLA stock opened at $205.97 on Wednesday. The business has a 50-day moving average of $236.38 and a 200-day moving average of $232.72. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.60 and a quick ratio of 1.60. The stock has a market capitalization of $16.20 billion, a P/E ratio of 19.77, a P/E/G ratio of 0.26 and a beta of 0.95. LPL Financial Holdings Inc. has a fifty-two week low of $158.80 and a fifty-two week high of $271.56.

LPL Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 28th. Investors of record on Tuesday, March 14th will be paid a $0.30 dividend. This is a boost from LPL Financial’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Monday, March 13th. This represents a $1.20 annualized dividend and a dividend yield of 0.58%. LPL Financial’s payout ratio is currently 9.60%.

LPL Financial Profile

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LPL Financial Holdings, Inc serves independent financial advisors and financial institutions, providing them with the technology, research, clearing and compliance services, and practice management programs they need to create and grow their practices. It provides objective financial guidance to millions of American families seeking wealth management, retirement planning, financial planning and asset management solutions.