Dynasty Wealth Management LLC Acquires 2,283 Shares of LPL Financial Holdings Inc. (NASDAQ:LPLA)

Dynasty Wealth Management LLC boosted its holdings in LPL Financial Holdings Inc. (NASDAQ:LPLA) by 58.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,165 shares of the financial services provider’s stock after buying an additional 2,283 shares during the period. Dynasty Wealth Management LLC’s holdings in LPL Financial were worth $2,013,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Ashton Thomas Securities LLC acquired a new position in LPL Financial during the 3rd quarter valued at $31,000. Brooklyn Investment Group bought a new stake in shares of LPL Financial in the third quarter valued at about $43,000. Compass Financial Services Inc bought a new position in LPL Financial during the fourth quarter valued at about $65,000. R Squared Ltd bought a new stake in shares of LPL Financial in the 4th quarter worth approximately $78,000. Finally, Ameliora Wealth Management Ltd. acquired a new stake in shares of LPL Financial during the 4th quarter worth approximately $108,000. 95.66% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Aneri Jambusaria sold 305 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $1,301,204.80. This represents a 7.22 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Matthew J. Audette sold 28,777 shares of LPL Financial stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $365.14, for a total transaction of $10,507,633.78. Following the transaction, the chief financial officer now directly owns 13,663 shares in the company, valued at $4,988,907.82. The trade was a 67.81 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 34,770 shares of company stock valued at $12,663,312. 1.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on LPLA. Morgan Stanley raised their target price on LPL Financial from $379.00 to $413.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. UBS Group upped their target price on shares of LPL Financial from $390.00 to $420.00 and gave the company a “buy” rating in a research note on Friday, January 31st. The Goldman Sachs Group lifted their price objective on LPL Financial from $271.00 to $305.00 and gave the company a “buy” rating in a report on Friday, November 1st. Wells Fargo & Company increased their target price on LPL Financial from $390.00 to $405.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Finally, TD Cowen upgraded LPL Financial from a “hold” rating to a “buy” rating and raised their target price for the stock from $277.00 to $413.00 in a research report on Thursday, December 19th. One 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $379.17.

LPL Financial Stock Down 0.1 %

Shares of NASDAQ LPLA opened at $361.67 on Friday. LPL Financial Holdings Inc. has a 12-month low of $187.19 and a 12-month high of $384.04. The company has a market cap of $26.97 billion, a price-to-earnings ratio of 25.76, a price-to-earnings-growth ratio of 0.94 and a beta of 0.87. 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 firm’s 50-day simple moving average is $351.24 and its 200 day simple moving average is $293.86.

LPL Financial (NASDAQ:LPLA) last released its quarterly earnings results on Thursday, January 30th. The financial services provider reported $4.25 EPS for the quarter, beating the consensus estimate of $4.01 by $0.24. LPL Financial had a net margin of 8.55% and a return on equity of 49.41%. On average, research analysts expect that LPL Financial Holdings Inc. will post 19.35 earnings per share for the current fiscal year.

LPL Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th will be given a $0.30 dividend. The ex-dividend date is Tuesday, March 11th. This represents a $1.20 dividend on an annualized basis and a yield of 0.33%. LPL Financial’s payout ratio is 8.55%.

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.