LPL Financial Holdings Inc. (NASDAQ:LPLA) Shares Sold by Natixis Advisors L.P.

Natixis Advisors L.P. decreased its stake in LPL Financial Holdings Inc. (NASDAQ:LPLA) by 35.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,843 shares of the financial services provider’s stock after selling 16,090 shares during the period. Natixis Advisors L.P.’s holdings in LPL Financial were worth $6,565,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. Hudson Bay Capital Management LP increased its position in shares of LPL Financial by 42.9% during the third quarter. Hudson Bay Capital Management LP now owns 50,000 shares of the financial services provider’s stock worth $11,882,000 after purchasing an additional 15,000 shares in the last quarter. Asset Management One Co. Ltd. increased its holdings in shares of LPL Financial by 15.5% in the 4th quarter. Asset Management One Co. Ltd. now owns 34,863 shares of the financial services provider’s stock valued at $7,965,000 after acquiring an additional 4,686 shares during the period. NewEdge Wealth LLC raised its position in LPL Financial by 228.6% in the 4th quarter. NewEdge Wealth LLC now owns 55,827 shares of the financial services provider’s stock valued at $12,707,000 after purchasing an additional 38,839 shares during the last quarter. Reinhart Partners LLC. boosted its stake in LPL Financial by 6.2% during the 4th quarter. Reinhart Partners LLC. now owns 74,620 shares of the financial services provider’s stock worth $16,985,000 after purchasing an additional 4,333 shares during the period. Finally, Nordea Investment Management AB grew its position in LPL Financial by 3.6% during the 4th quarter. Nordea Investment Management AB now owns 5,629 shares of the financial services provider’s stock worth $1,287,000 after purchasing an additional 198 shares during the last quarter. 95.66% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at LPL Financial

In related news, CEO Dan H. Arnold sold 34,807 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $266.54, for a total value of $9,277,457.78. Following the sale, the chief executive officer now directly owns 141,810 shares in the company, valued at approximately $37,798,037.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other LPL Financial news, CEO Dan H. Arnold sold 34,807 shares of LPL Financial stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $266.54, for a total transaction of $9,277,457.78. Following the completion of the transaction, the chief executive officer now owns 141,810 shares in the company, valued at $37,798,037.40. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Dan H. Arnold sold 10,000 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $256.35, for a total transaction of $2,563,500.00. Following the completion of the sale, the chief executive officer now directly owns 137,044 shares in the company, valued at approximately $35,131,229.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 60,151 shares of company stock valued at $15,911,088. Insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. UBS Group increased their target price on shares of LPL Financial from $260.00 to $267.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 14th. JPMorgan Chase & Co. lifted their target price on LPL Financial from $254.00 to $260.00 and gave the company a “neutral” rating in a research note on Tuesday, April 2nd. JMP Securities restated a “market outperform” rating and set a $305.00 price target on shares of LPL Financial in a research note on Wednesday, May 1st. Morgan Stanley raised shares of LPL Financial from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $254.00 to $315.00 in a research note on Tuesday, April 9th. Finally, TD Cowen upped their price objective on shares of LPL Financial from $269.00 to $271.00 and gave the stock a “hold” rating in a research report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $276.20.

LPL Financial Trading Down 0.8 %

Shares of LPLA opened at $264.82 on Friday. The firm has a market capitalization of $19.78 billion, a P/E ratio of 20.00, a PEG ratio of 1.08 and a beta of 0.83. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 1.70. The firm’s 50-day moving average is $264.93 and its two-hundred day moving average is $244.23. LPL Financial Holdings Inc. has a twelve month low of $186.35 and a twelve month high of $276.12.

LPL Financial Dividend Announcement

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 dividend of $0.30 per share. The ex-dividend date of this dividend is Monday, May 20th. This represents a $1.20 dividend on an annualized basis and a yield of 0.45%. LPL Financial’s payout ratio is 9.06%.

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.