LPL Financial Holdings Inc. (NASDAQ:LPLA) Shares Purchased by LVW Advisors LLC

LVW Advisors LLC lifted its position in LPL Financial Holdings Inc. (NASDAQ:LPLA) by 2.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,171 shares of the financial services provider’s stock after purchasing an additional 83 shares during the quarter. LVW Advisors LLC’s holdings in LPL Financial were worth $1,362,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. FMR LLC boosted its position in shares of LPL Financial by 24.4% in the 3rd quarter. FMR LLC now owns 3,322,571 shares of the financial services provider’s stock valued at $772,930,000 after purchasing an additional 650,675 shares during the period. Geode Capital Management LLC boosted its position in shares of LPL Financial by 2.6% in the 3rd quarter. Geode Capital Management LLC now owns 1,436,831 shares of the financial services provider’s stock valued at $333,581,000 after purchasing an additional 36,474 shares during the period. JPMorgan Chase & Co. boosted its position in shares of LPL Financial by 27.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,275,136 shares of the financial services provider’s stock valued at $296,635,000 after purchasing an additional 276,166 shares during the period. Samlyn Capital LLC boosted its position in shares of LPL Financial by 8.0% in the 2nd quarter. Samlyn Capital LLC now owns 1,194,715 shares of the financial services provider’s stock valued at $333,684,000 after purchasing an additional 88,635 shares during the period. Finally, Darlington Partners Capital Management LP lifted its position in LPL Financial by 9.5% during the 2nd quarter. Darlington Partners Capital Management LP now owns 783,290 shares of the financial services provider’s stock worth $218,773,000 after acquiring an additional 68,276 shares during the period. 95.66% of the stock is owned by institutional investors and hedge funds.

LPL Financial Stock Performance

NASDAQ LPLA opened at $348.93 on Monday. LPL Financial Holdings Inc. has a 1-year low of $187.19 and a 1-year high of $350.38. The company has a market capitalization of $26.13 billion, a P/E ratio of 26.24, a PEG ratio of 1.03 and a beta of 0.87. The business has a 50 day moving average price of $327.62 and a 200 day moving average price of $267.75. The company has a debt-to-equity ratio of 1.60, a current ratio of 2.16 and a quick ratio of 2.16.

LPL Financial (NASDAQ:LPLA) last released its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $4.16 earnings per share for the quarter, beating the consensus estimate of $3.69 by $0.47. LPL Financial had a return on equity of 49.47% and a net margin of 8.73%. The firm had revenue of $3.11 billion during the quarter, compared to the consensus estimate of $3.04 billion. During the same period last year, the business posted $3.74 EPS. LPL Financial’s quarterly revenue was up 6.0% on a year-over-year basis. Sell-side analysts expect that LPL Financial Holdings Inc. will post 16.07 EPS for the current fiscal year.

LPL Financial Announces Dividend

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

Analyst Ratings Changes

A number of analysts have weighed in on LPLA shares. UBS Group raised LPL Financial from a “neutral” rating to a “buy” rating and set a $390.00 price objective for the company in a research report on Monday, January 6th. Barclays increased their price objective on LPL Financial from $378.00 to $379.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Jefferies Financial Group decreased their price objective on LPL Financial from $309.00 to $282.00 and set a “buy” rating for the company in a research report on Friday, October 4th. Keefe, Bruyette & Woods increased their price objective on LPL Financial from $325.00 to $390.00 and gave the stock an “outperform” rating in a research report on Friday, December 20th. Finally, TD Cowen raised LPL Financial from a “hold” rating to a “buy” rating and increased their price objective for the stock from $277.00 to $413.00 in a research report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $351.50.

Insider Activity at LPL Financial

In other LPL Financial news, Director Aneri Jambusaria sold 305 shares of the firm’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 completion of the transaction, the director now owns 3,920 shares of the company’s stock, valued at approximately $1,301,204.80. This trade represents a 7.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.30% of the stock is currently owned by company insiders.

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.