Yousif Capital Management LLC Has $364,000 Stock Holdings in LPL Financial Holdings Inc. (NASDAQ:LPLA)

Yousif Capital Management LLC trimmed its position in LPL Financial Holdings Inc. (NASDAQ:LPLA) by 3.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,599 shares of the financial services provider’s stock after selling 52 shares during the quarter. Yousif Capital Management LLC’s holdings in LPL Financial were worth $364,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC raised its position in LPL Financial by 3.9% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,145,780 shares of the financial services provider’s stock valued at $509,945,000 after purchasing an additional 79,869 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of LPL Financial by 1,732.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 568,292 shares of the financial services provider’s stock valued at $135,055,000 after buying an additional 537,272 shares during the period. American Century Companies Inc. increased its stake in shares of LPL Financial by 6.6% in the third quarter. American Century Companies Inc. now owns 567,856 shares of the financial services provider’s stock valued at $134,951,000 after buying an additional 35,088 shares during the period. Northern Trust Corp increased its stake in shares of LPL Financial by 6.7% in the third quarter. Northern Trust Corp now owns 498,405 shares of the financial services provider’s stock valued at $118,446,000 after buying an additional 31,402 shares during the period. Finally, Canada Pension Plan Investment Board increased its stake in shares of LPL Financial by 358.2% in the third 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. 95.66% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other LPL Financial news, CEO Dan H. Arnold sold 34,807 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $266.54, for a total value of $9,277,457.78. Following the completion of the sale, the chief executive officer now directly owns 141,810 shares of the company’s stock, valued at $37,798,037.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other LPL Financial news, CEO Dan H. Arnold sold 34,807 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $266.54, for a total value of $9,277,457.78. Following the completion of the sale, the chief executive officer now directly owns 141,810 shares of the company’s stock, valued at $37,798,037.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kabir Sethi sold 1,300 shares of the firm’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 completion of the sale, the director now directly owns 10,245 shares of the company’s stock, valued at $2,730,292.50. The disclosure for this sale can be found here. Insiders sold 60,151 shares of company stock valued at $15,911,088 over the last ninety days. 1.30% of the stock is currently owned by insiders.

LPL Financial Stock Performance

NASDAQ:LPLA opened at $272.65 on Tuesday. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.84 and a quick ratio of 1.84. The business has a fifty day simple moving average of $265.00 and a two-hundred day simple moving average of $243.59. LPL Financial Holdings Inc. has a 1 year low of $186.35 and a 1 year high of $276.12. The company has a market capitalization of $20.37 billion, a P/E ratio of 20.59, a P/E/G ratio of 1.08 and a beta of 0.83.

LPL Financial Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. TD Cowen raised their target price on LPL Financial from $269.00 to $271.00 and gave the stock a “hold” rating in a research note on Wednesday, May 1st. UBS Group boosted their target price on LPL Financial from $260.00 to $267.00 and gave the company a “neutral” rating in a research report on Wednesday, February 14th. Raymond James began coverage on LPL Financial in a report on Thursday, April 4th. They issued an “underperform” rating on the stock. JPMorgan Chase & Co. boosted their price objective on LPL Financial from $254.00 to $260.00 and gave the company a “neutral” rating in a report on Tuesday, April 2nd. Finally, Barclays increased their target price on LPL Financial from $302.00 to $312.00 and gave the stock an “overweight” rating in a report on Monday, April 8th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price 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.