KBC Group NV Has $4.32 Million Position in LPL Financial Holdings Inc. (NASDAQ:LPLA)

KBC Group NV raised its position in LPL Financial Holdings Inc. (NASDAQ:LPLA) by 29.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 13,226 shares of the financial services provider’s stock after purchasing an additional 2,996 shares during the period. KBC Group NV’s holdings in LPL Financial were worth $4,319,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Mackenzie Financial Corp grew its stake in shares of LPL Financial by 2.7% in the second quarter. Mackenzie Financial Corp now owns 10,696 shares of the financial services provider’s stock valued at $2,987,000 after acquiring an additional 278 shares in the last quarter. Creative Planning raised its position in shares of LPL Financial by 14.7% in the second quarter. Creative Planning now owns 4,574 shares of the financial services provider’s stock valued at $1,278,000 after buying an additional 586 shares in the last quarter. Quarry LP boosted its stake in shares of 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 buying an additional 102 shares during the period. EP Wealth Advisors LLC acquired a new stake in LPL Financial during the second quarter worth approximately $227,000. Finally, Truist Financial Corp increased its stake in LPL Financial by 4.0% during the 2nd quarter. Truist Financial Corp now owns 170,848 shares of the financial services provider’s stock worth $47,718,000 after acquiring an additional 6,646 shares during the period. Institutional investors own 95.66% of the company’s stock.

Insider Activity

In related 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 completion of the sale, the director now directly owns 3,920 shares in the company, valued at $1,301,204.80. This represents a 7.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Keefe, Bruyette & Woods upped their target price on LPL Financial from $325.00 to $390.00 and gave the company an “outperform” rating in a research report on Friday, December 20th. 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 note on Monday, January 13th. The Goldman Sachs Group boosted their target price on shares of LPL Financial from $271.00 to $305.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Wells Fargo & Company increased their price target on shares of LPL Financial from $310.00 to $390.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Finally, JPMorgan Chase & Co. upgraded shares of LPL Financial from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $288.00 to $397.00 in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $351.50.

LPL Financial Trading Down 0.1 %

NASDAQ LPLA opened at $361.80 on Friday. The company has a market cap of $27.09 billion, a price-to-earnings ratio of 27.20, a price-to-earnings-growth ratio of 1.09 and a beta of 0.87. LPL Financial Holdings Inc. has a twelve month low of $187.19 and a twelve month high of $366.00. The company has a quick ratio of 2.16, a current ratio of 2.16 and a debt-to-equity ratio of 1.60. The business’s fifty day moving average is $334.85 and its 200 day moving average is $273.11.

LPL Financial (NASDAQ:LPLA) last announced its quarterly earnings results on Thursday, January 30th. The financial services provider reported $4.25 EPS for the quarter, beating analysts’ consensus estimates of $4.01 by $0.24. LPL Financial had a return on equity of 49.47% and a net margin of 8.73%. As a group, sell-side analysts expect that LPL Financial Holdings Inc. will post 16.17 EPS for the current fiscal year.

LPL Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.33%. LPL Financial’s dividend payout ratio (DPR) is currently 9.02%.

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.