LPL Financial Holdings Inc. (NASDAQ:LPLA) Shares Sold by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH reduced its holdings in shares of LPL Financial Holdings Inc. (NASDAQ:LPLA) by 2.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 66,065 shares of the financial services provider’s stock after selling 1,401 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned approximately 0.09% of LPL Financial worth $21,571,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Bridges Investment Management Inc. increased its stake in LPL Financial by 3.2% in the third quarter. Bridges Investment Management Inc. now owns 1,185 shares of the financial services provider’s stock valued at $276,000 after purchasing an additional 37 shares during the last quarter. Avior Wealth Management LLC grew its position in shares of LPL Financial by 1.8% in the 3rd quarter. Avior Wealth Management LLC now owns 2,416 shares of the financial services provider’s stock valued at $562,000 after buying an additional 42 shares during the last quarter. MFA Wealth Advisors LLC raised its stake in LPL Financial by 3.9% during the 3rd quarter. MFA Wealth Advisors LLC now owns 1,148 shares of the financial services provider’s stock worth $267,000 after acquiring an additional 43 shares in the last quarter. Integrated Wealth Concepts LLC lifted its position in LPL Financial by 1.1% in the third quarter. Integrated Wealth Concepts LLC now owns 4,107 shares of the financial services provider’s stock valued at $956,000 after acquiring an additional 44 shares during the last quarter. Finally, Metis Global Partners LLC boosted its stake in LPL Financial by 5.1% in the third quarter. Metis Global Partners LLC now owns 945 shares of the financial services provider’s stock valued at $220,000 after acquiring an additional 46 shares in the last quarter. Hedge funds and other institutional investors own 95.66% of the company’s stock.

Insider Buying and Selling

In other LPL Financial news, Director Aneri Jambusaria sold 305 shares of the business’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $331.94, for a total transaction 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. The trade was a 7.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.00% of the company’s stock.

LPL Financial Trading Up 1.8 %

Shares of LPLA stock opened at $356.79 on Thursday. LPL Financial Holdings Inc. has a 1-year low of $187.19 and a 1-year high of $361.63. The company has a debt-to-equity ratio of 1.60, a current ratio of 2.16 and a quick ratio of 2.16. The business’s fifty day moving average price is $329.74 and its 200 day moving average price is $269.38. The firm has a market capitalization of $26.72 billion, a PE ratio of 26.83, a P/E/G ratio of 1.07 and a beta of 0.87.

LPL Financial (NASDAQ:LPLA) last announced its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $4.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.69 by $0.47. The business had revenue of $3.11 billion during the quarter, compared to the consensus estimate of $3.04 billion. LPL Financial had a net margin of 8.73% and a return on equity of 49.47%. The business’s revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the firm posted $3.74 EPS. As a group, sell-side analysts forecast that LPL Financial Holdings Inc. will post 16.15 EPS for the current fiscal year.

LPL Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Thursday, November 14th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.34%. The ex-dividend date was Thursday, November 14th. LPL Financial’s dividend payout ratio (DPR) is 9.02%.

Analysts Set New Price Targets

A number of analysts have recently commented on LPLA shares. Jefferies Financial Group cut their target price on LPL Financial from $309.00 to $282.00 and set a “buy” rating on the stock in a research report on Friday, October 4th. UBS Group upgraded shares of LPL Financial from a “neutral” rating to a “buy” rating and set a $390.00 target price on the stock in a research report on Monday, January 6th. Wells Fargo & Company upped their price target on shares of LPL Financial from $310.00 to $390.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. JPMorgan Chase & Co. raised shares of LPL Financial from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $288.00 to $397.00 in a research report on Tuesday, January 7th. Finally, The Goldman Sachs Group upped their target price on shares of LPL Financial from $271.00 to $305.00 and gave the company a “buy” rating in a report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, one has given a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, LPL Financial currently has a consensus rating of “Moderate Buy” and a consensus price target of $351.50.

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.