LPL Financial Holdings Inc. (NASDAQ:LPLA) Shares Purchased by Cwm LLC

Cwm LLC raised its holdings in LPL Financial Holdings Inc. (NASDAQ:LPLA) by 6.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 985 shares of the financial services provider’s stock after acquiring an additional 56 shares during the period. Cwm LLC’s holdings in LPL Financial were worth $224,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of LPLA. Massachusetts Financial Services Co. MA raised its holdings in LPL Financial by 1,732.0% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 568,292 shares of the financial services provider’s stock valued at $135,055,000 after acquiring an additional 537,272 shares during the last quarter. Canada Pension Plan Investment Board grew its stake in shares of LPL Financial by 358.2% during the 3rd quarter. Canada Pension Plan Investment Board now owns 456,990 shares of the financial services provider’s stock valued at $108,604,000 after buying an additional 357,245 shares during the period. Ameriprise Financial Inc. grew its stake in shares of LPL Financial by 524.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 273,140 shares of the financial services provider’s stock valued at $64,912,000 after buying an additional 229,434 shares during the period. HM Payson & Co. purchased a new stake in shares of LPL Financial during the 3rd quarter valued at $54,406,000. Finally, Markel Group Inc. grew its stake in shares of LPL Financial by 137.1% during the 3rd quarter. Markel Group Inc. now owns 301,264 shares of the financial services provider’s stock valued at $71,595,000 after buying an additional 174,205 shares during the period. 95.66% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other LPL Financial news, CEO Dan H. Arnold sold 10,000 shares of the business’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $256.35, for a total transaction of $2,563,500.00. Following the completion of the transaction, the chief executive officer now owns 137,044 shares in the company, valued at approximately $35,131,229.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other LPL Financial news, CEO Dan H. Arnold sold 10,000 shares of the business’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $256.35, for a total transaction of $2,563,500.00. Following the completion of the transaction, the chief executive officer now owns 137,044 shares in the company, valued at approximately $35,131,229.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kabir Sethi sold 1,300 shares of the business’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $266.50, for a total value of $346,450.00. Following the transaction, the director now owns 10,245 shares of the company’s stock, valued at approximately $2,730,292.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 60,151 shares of company stock worth $15,911,088. 1.30% of the stock is owned by company insiders.

LPL Financial Trading Up 0.5 %

NASDAQ:LPLA opened at $270.79 on Friday. LPL Financial Holdings Inc. has a 12-month low of $179.00 and a 12-month high of $276.12. The firm has a market capitalization of $20.23 billion, a P/E ratio of 20.45, a P/E/G ratio of 1.28 and a beta of 0.83. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.77 and a quick ratio of 1.77. The business has a 50 day simple moving average of $264.90 and a 200 day simple moving average of $243.15.

LPL Financial (NASDAQ:LPLA) last released its quarterly earnings data on Thursday, February 1st. The financial services provider reported $3.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.33 by $0.18. LPL Financial had a return on equity of 56.36% and a net margin of 9.71%. The business had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.55 billion. During the same quarter in the previous year, the firm posted $4.21 EPS. The business’s revenue for the quarter was up 13.3% compared to the same quarter last year. Equities research analysts predict that LPL Financial Holdings Inc. will post 15.63 EPS for the current year.

LPL Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Tuesday, May 21st will be given a dividend of $0.30 per share. The ex-dividend date is Monday, May 20th. This represents a $1.20 dividend on an annualized basis and a yield of 0.44%. LPL Financial’s dividend payout ratio is currently 9.06%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on LPLA. Barclays boosted their price objective on shares of LPL Financial from $302.00 to $312.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. 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. TD Cowen upped their price objective on LPL Financial from $269.00 to $271.00 and gave the company a “hold” rating in a research note on Wednesday. Raymond James initiated coverage on LPL Financial in a report on Thursday, April 4th. They set an “underperform” rating on the stock. Finally, Morgan Stanley upgraded LPL Financial from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $254.00 to $315.00 in a research report on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, LPL Financial presently has a consensus rating of “Hold” and an average price target of $276.20.

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.