Corient Private Wealth LLC Increases Position in LPL Financial Holdings Inc. (NASDAQ:LPLA)

Corient Private Wealth LLC raised its holdings in shares of LPL Financial Holdings Inc. (NASDAQ:LPLA) by 3.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,972 shares of the financial services provider’s stock after buying an additional 1,180 shares during the period. Corient Private Wealth LLC’s holdings in LPL Financial were worth $11,418,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Brooklyn Investment Group purchased a new position in shares of LPL Financial during the third quarter valued at approximately $43,000. Jones Financial Companies Lllp boosted its holdings in shares of LPL Financial by 45.3% in the fourth quarter. Jones Financial Companies Lllp now owns 138 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 43 shares during the period. Atala Financial Inc purchased a new stake in shares of LPL Financial in the fourth quarter valued at approximately $59,000. Compass Financial Services Inc purchased a new stake in shares of LPL Financial in the fourth quarter valued at approximately $65,000. Finally, R Squared Ltd purchased a new stake in shares of LPL Financial in the fourth quarter valued at approximately $78,000. Hedge funds and other institutional investors own 95.66% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on LPLA. UBS Group boosted their price target on LPL Financial from $390.00 to $420.00 and gave the company a “buy” rating in a report on Friday, January 31st. JMP Securities restated a “market outperform” rating and set a $435.00 target price on shares of LPL Financial in a report on Friday, January 31st. Wells Fargo & Company upped 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. Keefe, Bruyette & Woods upped their target price on LPL Financial from $390.00 to $405.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Finally, TD Cowen upgraded LPL Financial from a “hold” rating to a “buy” rating and upped their target price for the stock from $277.00 to $413.00 in a report on Thursday, December 19th. Two analysts have rated the stock with a sell rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $379.17.

LPL Financial Stock Performance

Shares of LPLA stock opened at $332.21 on Thursday. The business’s fifty day simple moving average is $351.98 and its 200-day simple moving average is $305.90. The company has a market cap of $24.81 billion, a PE ratio of 23.66, a PEG ratio of 0.94 and a beta of 0.82. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 1.60. LPL Financial Holdings Inc. has a 12-month low of $187.19 and a 12-month high of $384.04.

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

LPL Financial Dividend Announcement

The company also recently announced 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. This represents a $1.20 annualized dividend and a dividend yield of 0.36%. The ex-dividend date is Tuesday, March 11th. LPL Financial’s payout ratio is 8.55%.

Insider Activity at LPL Financial

In related news, Director Marc Eliot Cohen sold 1,100 shares of the company’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $365.85, for a total value of $402,435.00. Following the transaction, the director now directly owns 4,075 shares of the company’s stock, valued at $1,490,838.75. This represents a 21.26 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Matthew J. Audette sold 4,588 shares of the company’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $360.07, for a total value of $1,652,001.16. Following the completion of the transaction, the chief financial officer now directly owns 16,538 shares in the company, valued at approximately $5,954,837.66. The trade was a 21.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 34,465 shares of company stock valued at $12,562,070 in the last ninety days. Company insiders own 1.30% of the company’s stock.

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.