Gladius Capital Management LP Purchases Shares of 131 LPL Financial Holdings Inc. (NASDAQ:LPLA)

Gladius Capital Management LP bought a new position in LPL Financial Holdings Inc. (NASDAQ:LPLA) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 131 shares of the financial services provider’s stock, valued at approximately $30,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of LPLA. Prossimo Advisors LLC acquired a new stake in LPL Financial during the 4th quarter worth approximately $509,000. EdgeRock Capital LLC purchased a new position in shares of LPL Financial in the 4th quarter valued at $25,000. Everpar Advisors LLC purchased a new stake in LPL Financial during the 4th quarter worth $1,061,000. Charles Schwab Investment Management Inc. increased its holdings in LPL Financial by 3.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 293,471 shares of the financial services provider’s stock valued at $66,800,000 after purchasing an additional 9,539 shares in the last quarter. Finally, Apollon Wealth Management LLC acquired a new position in shares of LPL Financial during the fourth quarter worth about $219,000. Institutional investors and hedge funds own 95.66% of the company’s stock.

LPL Financial Stock Down 0.8 %

Shares of LPL Financial stock traded down $2.21 on Thursday, hitting $264.82. 393,244 shares of the company traded hands, compared to its average volume of 538,380. The company has a market cap of $19.78 billion, a PE ratio of 20.00, a PEG ratio of 1.08 and a beta of 0.83. LPL Financial Holdings Inc. has a 12-month low of $186.35 and a 12-month high of $276.12. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 1.70. The company has a 50-day moving average price of $264.93 and a 200 day moving average price of $244.23.

LPL Financial Dividend Announcement

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

Insider Transactions at LPL Financial

In other news, CFO Matthew J. Audette sold 5,574 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $266.52, for a total transaction of $1,485,582.48. Following the transaction, the chief financial officer now owns 13,663 shares in the company, valued at approximately $3,641,462.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CEO Dan H. Arnold sold 10,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 137,044 shares in the company, valued at approximately $35,131,229.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Matthew J. Audette sold 5,574 shares of the company’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $266.52, for a total value of $1,485,582.48. Following the completion of the sale, the chief financial officer now owns 13,663 shares in the company, valued at $3,641,462.76. The disclosure for this sale can be found here. In the last quarter, insiders sold 60,151 shares of company stock worth $15,911,088. 1.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts recently commented on the company. TD Cowen boosted their price target on LPL Financial from $269.00 to $271.00 and gave the stock a “hold” rating in a research report on Wednesday, May 1st. Morgan Stanley raised shares of LPL Financial from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $254.00 to $315.00 in a research note on Tuesday, April 9th. Barclays raised their target price on LPL Financial from $302.00 to $312.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. JMP Securities reaffirmed a “market outperform” rating and set a $305.00 price target on shares of LPL Financial in a research report on Wednesday, May 1st. Finally, JPMorgan Chase & Co. boosted their price objective on LPL Financial from $254.00 to $260.00 and gave the company a “neutral” rating in a report on Tuesday, April 2nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, LPL Financial currently has a consensus rating of “Hold” and a consensus target price of $276.20.

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.