LPL Financial Holdings Inc. (NASDAQ:LPLA) Stock Holdings Lessened by Family Wealth Partners LLC

Family Wealth Partners LLC cut its position in LPL Financial Holdings Inc. (NASDAQ:LPLA) by 27.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 107,861 shares of the financial services provider’s stock after selling 40,035 shares during the quarter. LPL Financial comprises 16.7% of Family Wealth Partners LLC’s investment portfolio, making the stock its biggest position. Family Wealth Partners LLC owned about 0.14% of LPL Financial worth $35,218,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Ashton Thomas Securities LLC purchased a new stake in LPL Financial in the third quarter valued at approximately $31,000. Paladin Wealth LLC bought a new position in shares of LPL Financial in the 3rd quarter worth $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. lifted 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 acquiring an additional 94 shares during the last quarter. Finally, Quarry LP increased its stake in LPL Financial by 45.3% in the second quarter. Quarry LP now owns 327 shares of the financial services provider’s stock valued at $91,000 after acquiring an additional 102 shares during the last quarter. 95.66% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Keefe, Bruyette & Woods upped their price objective on LPL Financial from $325.00 to $390.00 and gave the stock an “outperform” rating in a report on Friday, December 20th. 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 research report on Monday, January 6th. Barclays increased their price target on shares of LPL Financial from $378.00 to $379.00 and gave the company an “overweight” rating in a research report on Monday. TD Cowen raised shares of LPL Financial from a “hold” rating to a “buy” rating and lifted their price target for the stock from $277.00 to $413.00 in a research note on Thursday, December 19th. Finally, Morgan Stanley upped their price objective on shares of LPL Financial from $303.00 to $309.00 and gave the company an “overweight” rating in a research note on Thursday, October 17th. One research 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 has a consensus rating of “Moderate Buy” and a consensus price target of $351.50.

Insider Transactions at LPL Financial

In other news, Director Aneri Jambusaria sold 305 shares of the 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 transaction, the director now owns 3,920 shares of the company’s stock, valued at approximately $1,301,204.80. This represents a 7.22 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.00% of the company’s stock.

LPL Financial Stock Up 2.4 %

NASDAQ LPLA opened at $346.21 on Friday. The business’s 50-day moving average is $326.88 and its 200 day moving average is $267.46. The stock has a market capitalization of $25.92 billion, a PE ratio of 26.03, a PEG ratio of 1.03 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. LPL Financial Holdings Inc. has a 1 year low of $187.19 and a 1 year high of $347.74.

LPL Financial (NASDAQ:LPLA) last posted its earnings results on Wednesday, October 30th. The financial services provider reported $4.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.69 by $0.47. The firm had revenue of $3.11 billion for the quarter, compared to analysts’ expectations of $3.04 billion. LPL Financial had a return on equity of 49.47% and a net margin of 8.73%. The business’s revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.74 earnings per share. Sell-side analysts forecast that LPL Financial Holdings Inc. will post 16.07 earnings per share for the current year.

LPL Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders 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 0.35%. LPL Financial’s dividend payout ratio (DPR) is presently 9.02%.

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.