LPL Financial Holdings Inc. (NASDAQ:LPLA) Shares Sold by AEGON ASSET MANAGEMENT UK Plc

AEGON ASSET MANAGEMENT UK Plc reduced its position in LPL Financial Holdings Inc. (NASDAQ:LPLA) by 3.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 60,041 shares of the financial services provider’s stock after selling 2,301 shares during the period. AEGON ASSET MANAGEMENT UK Plc owned about 0.08% of LPL Financial worth $19,603,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Ashton Thomas Securities LLC acquired a new position in shares of LPL Financial in the third quarter worth about $31,000. Paladin Wealth LLC acquired a new position in shares of LPL Financial during the 3rd quarter worth approximately $34,000. Brooklyn Investment Group acquired a new position in shares of LPL Financial during the 3rd quarter worth approximately $43,000. Quarry LP lifted its position in shares of LPL Financial by 45.3% during 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 in the last quarter. Finally, GAMMA Investing LLC increased its holdings in LPL Financial by 71.6% in the 4th quarter. GAMMA Investing LLC now owns 357 shares of the financial services provider’s stock worth $117,000 after acquiring an additional 149 shares in the last quarter. 95.66% of the stock is currently owned by institutional investors and hedge funds.

LPL Financial Stock Performance

Shares of LPLA stock opened at $360.29 on Friday. LPL Financial Holdings Inc. has a one year low of $187.19 and a one year high of $361.63. The company has a debt-to-equity ratio of 1.60, a quick ratio of 2.16 and a current ratio of 2.16. The firm’s 50 day moving average price is $331.55 and its 200-day moving average price is $270.61. The firm has a market cap of $26.98 billion, a P/E ratio of 27.09, a P/E/G ratio of 1.09 and a beta of 0.87.

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

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on LPLA. StockNews.com raised shares of LPL Financial from a “sell” rating to a “hold” rating in a research note on Saturday, November 9th. JPMorgan Chase & Co. raised shares of LPL Financial from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $288.00 to $397.00 in a report on Tuesday, January 7th. The Goldman Sachs Group boosted their price target on shares of LPL Financial from $271.00 to $305.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. JMP Securities restated a “market outperform” rating and set a $310.00 target price on shares of LPL Financial in a report on Wednesday, October 9th. Finally, UBS Group upgraded LPL Financial from a “neutral” rating to a “buy” rating and set a $390.00 price objective on the stock in a research report on Monday, January 6th. 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 stock. Based on data from MarketBeat, LPL Financial presently has a consensus rating of “Moderate Buy” and a consensus target price of $351.50.

Insider Transactions at LPL Financial

In other news, Director Aneri Jambusaria sold 305 shares of the stock in a transaction 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 sale, the director now directly owns 3,920 shares in the company, valued at approximately $1,301,204.80. This trade represents a 7.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.30% of the company’s stock.

LPL Financial Company 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.