Everpar Advisors LLC Purchases New Shares in LPL Financial Holdings Inc. (NASDAQ:LPLA)

Everpar Advisors LLC acquired a new position in shares of LPL Financial Holdings Inc. (NASDAQ:LPLA) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 4,660 shares of the financial services provider’s stock, valued at approximately $1,061,000.

A number of other institutional investors also recently bought and sold shares of LPLA. Commonwealth Equity Services LLC increased its position in LPL Financial by 18.9% in the 3rd quarter. Commonwealth Equity Services LLC now owns 3,077 shares of the financial services provider’s stock valued at $731,000 after acquiring an additional 489 shares during the period. Cambridge Investment Research Advisors Inc. raised its stake in shares of LPL Financial by 13.8% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 1,852 shares of the financial services provider’s stock worth $440,000 after purchasing an additional 225 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in shares of LPL Financial by 6.6% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 5,528 shares of the financial services provider’s stock worth $1,314,000 after purchasing an additional 341 shares during the last quarter. Mackenzie Financial Corp lifted its holdings in shares of LPL Financial by 14.3% during the third quarter. Mackenzie Financial Corp now owns 9,599 shares of the financial services provider’s stock worth $2,214,000 after purchasing an additional 1,201 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in LPL Financial by 6.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,794 shares of the financial services provider’s stock valued at $2,565,000 after buying an additional 691 shares during the last quarter. 95.66% of the stock is currently owned by institutional investors and hedge funds.

LPL Financial Price Performance

NASDAQ LPLA traded down $1.94 during trading hours on Wednesday, reaching $267.03. The company’s stock had a trading volume of 421,939 shares, compared to its average volume of 540,012. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.84 and a current ratio of 1.84. The company’s 50-day moving average is $265.02 and its two-hundred day moving average is $243.93. LPL Financial Holdings Inc. has a fifty-two week low of $186.35 and a fifty-two week high of $276.12. The stock has a market cap of $19.95 billion, a PE ratio of 20.31, a PEG ratio of 1.08 and a beta of 0.83.

LPL Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Stockholders of record on Tuesday, May 21st will be paid a dividend of $0.30 per share. The ex-dividend date is Monday, May 20th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.45%. LPL Financial’s dividend payout ratio (DPR) is 9.06%.

Wall Street Analysts Forecast Growth

LPLA has been the subject of a number of analyst reports. Raymond James initiated coverage on shares of LPL Financial in a research report on Thursday, April 4th. They set an “underperform” rating for the company. JMP Securities reissued a “market outperform” rating and set a $305.00 target price on shares of LPL Financial in a research note on Wednesday, May 1st. Barclays lifted their price target on LPL Financial from $302.00 to $312.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. UBS Group increased their price objective on LPL Financial from $260.00 to $267.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 14th. Finally, TD Cowen raised their target price on LPL Financial from $269.00 to $271.00 and gave the company a “hold” rating in a report on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $276.20.

Insider Buying and Selling

In other LPL Financial news, CEO Dan H. Arnold sold 10,000 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $256.35, for a total transaction of $2,563,500.00. Following the sale, the chief executive officer now owns 137,044 shares in the company, valued at approximately $35,131,229.40. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, CEO Dan H. Arnold sold 7,089 shares of LPL Financial stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $265.66, for a total transaction of $1,883,263.74. Following the completion of the sale, the chief executive officer now directly owns 133,169 shares in the company, valued at $35,377,676.54. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Dan H. Arnold sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $256.35, for a total transaction of $2,563,500.00. Following the transaction, the chief executive officer now directly owns 137,044 shares in the company, valued at approximately $35,131,229.40. The disclosure for this sale can be found here. Insiders sold 60,151 shares of company stock worth $15,911,088 in the last ninety days. Insiders own 1.00% of the company’s stock.

About LPL Financial

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.