LPL Financial Holdings Inc. (NASDAQ:LPLA) Shares Sold by DGS Capital Management LLC

DGS Capital Management LLC trimmed its position in shares of LPL Financial Holdings Inc. (NASDAQ:LPLA) by 3.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,241 shares of the financial services provider’s stock after selling 49 shares during the period. DGS Capital Management LLC’s holdings in LPL Financial were worth $405,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on LPLA. Barclays upped their price objective on LPL Financial from $378.00 to $379.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. StockNews.com raised LPL Financial from a “sell” rating to a “hold” rating in a research report on Saturday, November 9th. UBS Group raised LPL Financial from a “neutral” rating to a “buy” rating and set a $390.00 price objective for the company in a research report on Monday, January 6th. Jefferies Financial Group reduced their target price on shares of LPL Financial from $309.00 to $282.00 and set a “buy” rating on the stock in a report on Friday, October 4th. Finally, Citigroup boosted their price target on shares of LPL Financial from $310.00 to $385.00 and gave the stock a “buy” rating in a report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, LPL Financial presently has an average rating of “Moderate Buy” and an average target price of $351.50.

Insider Activity at LPL Financial

In other LPL Financial news, Director Aneri Jambusaria sold 305 shares of LPL Financial stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $331.94, for a total value of $101,241.70. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.30% of the stock is owned by insiders.

LPL Financial Stock Performance

Shares of LPLA stock opened at $360.29 on Friday. The stock’s 50-day moving average is $331.55 and its two-hundred day moving average is $270.59. The company has a debt-to-equity ratio of 1.60, a quick ratio of 2.16 and a current ratio of 2.16. LPL Financial Holdings Inc. has a 1 year low of $187.19 and a 1 year high of $361.63. The firm has a market cap of $26.98 billion, a price-to-earnings ratio of 27.09, a PEG ratio of 1.09 and a beta of 0.87.

LPL Financial (NASDAQ:LPLA) last released its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $4.16 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 analyst estimates of $3.04 billion. LPL Financial had a return on equity of 49.47% and a net margin of 8.73%. The firm’s revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.74 earnings per share. Analysts predict that LPL Financial Holdings Inc. will post 16.17 earnings per share for the current year.

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.