1,114 Shares in LPL Financial Holdings Inc. (NASDAQ:LPLA) Purchased by Brown Advisory Inc.

Brown Advisory Inc. purchased a new position in LPL Financial Holdings Inc. (NASDAQ:LPLAFree Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,114 shares of the financial services provider’s stock, valued at approximately $254,000.

A number of other large investors also recently bought and sold shares of the business. Principal Financial Group Inc. raised its holdings in shares of LPL Financial by 2.1% during the third quarter. Principal Financial Group Inc. now owns 16,124 shares of the financial services provider’s stock valued at $3,832,000 after acquiring an additional 326 shares during the last quarter. Corient Private Wealth LLC raised its holdings in shares of LPL Financial by 9.2% during the third quarter. Corient Private Wealth LLC now owns 35,743 shares of the financial services provider’s stock valued at $8,494,000 after acquiring an additional 3,015 shares during the last quarter. Ieq Capital LLC raised its holdings in shares of LPL Financial by 18.6% during the third quarter. Ieq Capital LLC now owns 1,725 shares of the financial services provider’s stock valued at $410,000 after acquiring an additional 270 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of LPL Financial by 3.8% during the third quarter. Victory Capital Management Inc. now owns 233,205 shares of the financial services provider’s stock valued at $55,421,000 after acquiring an additional 8,570 shares during the last quarter. Finally, Los Angeles Capital Management LLC acquired a new position in shares of LPL Financial during the third quarter valued at approximately $559,000. Institutional investors and hedge funds own 95.66% of the company’s stock.

LPL Financial Price Performance

LPLA stock opened at $284.40 on Tuesday. The business has a fifty day moving average of $266.05 and a two-hundred day moving average of $248.45. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 1.70. The stock has a market cap of $21.25 billion, a price-to-earnings ratio of 21.48, a price-to-earnings-growth ratio of 1.13 and a beta of 0.83. LPL Financial Holdings Inc. has a 52-week low of $190.13 and a 52-week high of $284.61.

LPL Financial (NASDAQ:LPLAGet Free Report) last posted its earnings results on Tuesday, April 30th. The financial services provider reported $4.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.77 by $0.44. The company had revenue of $2.83 billion during the quarter, compared to analysts’ expectations of $2.68 billion. LPL Financial had a return on equity of 55.22% and a net margin of 9.71%. As a group, research analysts anticipate that LPL Financial Holdings Inc. will post 15.85 earnings per share for the current year.

LPL Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Stockholders of record on Tuesday, May 21st will be paid a $0.30 dividend. The ex-dividend date of this dividend is Monday, May 20th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.42%. LPL Financial’s payout ratio is presently 9.06%.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. JPMorgan Chase & Co. increased their target price on LPL Financial from $254.00 to $260.00 and gave the company a “neutral” rating in a report on Tuesday, April 2nd. JMP Securities restated a “market outperform” rating and issued a $305.00 price target on shares of LPL Financial in a research report on Wednesday, May 1st. Raymond James assumed coverage on LPL Financial in a research report on Thursday, April 4th. They issued an “underperform” rating for the company. Morgan Stanley upgraded LPL Financial from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $254.00 to $315.00 in a research report on Tuesday, April 9th. Finally, TD Cowen upped their price target on LPL Financial from $269.00 to $271.00 and gave the company a “hold” rating in a research report on Wednesday, May 1st. One investment 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’s stock. Based on data from MarketBeat.com, LPL Financial has a consensus rating of “Hold” and an average target price of $276.20.

View Our Latest Research Report on LPL Financial

LPL Financial Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for LPL Financial (NASDAQ:LPLA)

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