Arkadios Wealth Advisors Buys New Shares in LPL Financial Holdings Inc. (NASDAQ:LPLA)

Arkadios Wealth Advisors purchased a new stake in LPL Financial Holdings Inc. (NASDAQ:LPLA) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 847 shares of the financial services provider’s stock, valued at approximately $277,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Ashton Thomas Securities LLC purchased a new stake in LPL Financial in the third quarter valued at approximately $31,000. Paladin Wealth LLC acquired a new position in shares of LPL Financial in the 3rd quarter valued at $34,000. Brooklyn Investment Group purchased a new stake in shares of LPL Financial during the 3rd quarter valued at $43,000. First Horizon Advisors Inc. increased its holdings in shares of LPL Financial by 32.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 385 shares of the financial services provider’s stock worth $90,000 after buying an additional 94 shares during the last quarter. Finally, Quarry LP raised its position in shares of LPL Financial by 45.3% in the 2nd quarter. Quarry LP now owns 327 shares of the financial services provider’s stock worth $91,000 after buying an additional 102 shares during the period. Institutional investors and hedge funds own 95.66% of the company’s stock.

Insider Buying and Selling at LPL Financial

In other news, Director Aneri Jambusaria sold 305 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $331.94, for a total value of $101,241.70. Following the completion of the sale, the director now directly owns 3,920 shares in the company, valued at approximately $1,301,204.80. The trade was a 7.22 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.30% of the stock is currently owned by insiders.

LPL Financial Stock Up 0.6 %

Shares of LPL Financial stock opened at $358.78 on Friday. LPL Financial Holdings Inc. has a 1-year low of $187.19 and a 1-year high of $361.63. The company has a market capitalization of $26.87 billion, a PE ratio of 26.98, a P/E/G ratio of 1.08 and a beta of 0.87. The company has a debt-to-equity ratio of 1.60, a current ratio of 2.16 and a quick ratio of 2.16. The business has a 50-day moving average of $329.74 and a 200-day moving average of $269.38.

LPL Financial (NASDAQ:LPLA) last posted its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $4.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.69 by $0.47. The company had revenue of $3.11 billion for the quarter, compared to the consensus estimate of $3.04 billion. LPL Financial had a return on equity of 49.47% and a net margin of 8.73%. LPL Financial’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the previous year, the business earned $3.74 EPS. As a group, equities analysts forecast that LPL Financial Holdings Inc. will post 16.17 EPS for the current fiscal year.

LPL Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Thursday, November 14th were issued a $0.30 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.20 annualized dividend and a yield of 0.33%. LPL Financial’s dividend payout ratio is presently 9.02%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. TD Cowen raised LPL Financial from a “hold” rating to a “buy” rating and boosted their price target for the company from $277.00 to $413.00 in a research report on Thursday, December 19th. UBS Group upgraded LPL Financial from a “neutral” rating to a “buy” rating and set a $390.00 target price for the company in a report on Monday, January 6th. StockNews.com upgraded shares of LPL Financial from a “sell” rating to a “hold” rating in a report on Saturday, November 9th. Barclays increased their price objective on shares of LPL Financial from $378.00 to $379.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Finally, JMP Securities reissued a “market outperform” rating and issued a $310.00 target price on shares of LPL Financial in a research note on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $351.50.

LPL Financial Profile

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.