Hutchens & Kramer Investment Management Group LLC Buys 51 Shares of LPL Financial Holdings Inc. (NASDAQ:LPLA)

Hutchens & Kramer Investment Management Group LLC boosted its stake in shares of LPL Financial Holdings Inc. (NASDAQ:LPLA) by 5.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 958 shares of the financial services provider’s stock after acquiring an additional 51 shares during the period. Hutchens & Kramer Investment Management Group LLC’s holdings in LPL Financial were worth $313,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Mount Yale Investment Advisors LLC increased its stake in LPL Financial by 35.7% during the 4th quarter. Mount Yale Investment Advisors LLC now owns 3,693 shares of the financial services provider’s stock worth $1,206,000 after acquiring an additional 972 shares during the period. KBC Group NV increased its stake in shares of LPL Financial by 29.3% in the 4th quarter. KBC Group NV now owns 13,226 shares of the financial services provider’s stock valued at $4,319,000 after purchasing an additional 2,996 shares during the last quarter. Drive Wealth Management LLC bought a new position in shares of LPL Financial in the 4th quarter valued at $216,000. Legacy Financial Group LLC bought a new position in shares of LPL Financial in the 4th quarter valued at $446,000. Finally, Lifestyle Asset Management Inc. bought a new position in shares of LPL Financial in the 4th quarter valued at $293,000. Institutional investors own 95.66% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on LPLA shares. JMP Securities reiterated a “market outperform” rating and issued a $310.00 price target on shares of LPL Financial in a research note on Wednesday, October 9th. StockNews.com upgraded LPL Financial from a “sell” rating to a “hold” rating in a research note on Saturday, November 9th. UBS Group upgraded LPL Financial from a “neutral” rating to a “buy” rating and set a $390.00 price target on the stock in a research note on Monday, January 6th. JPMorgan Chase & Co. upgraded LPL Financial from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $288.00 to $397.00 in a research report on Tuesday, January 7th. Finally, TD Cowen upgraded LPL Financial from a “hold” rating to a “buy” rating and boosted 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 issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $351.50.

LPL Financial Stock Down 2.1 %

Shares of LPLA opened at $352.75 on Tuesday. The company has a market capitalization of $26.41 billion, a PE ratio of 26.52, a PEG ratio of 1.09 and a beta of 0.87. LPL Financial Holdings Inc. has a 12 month low of $187.19 and a 12 month high of $361.63. The stock’s 50-day moving average price is $332.31 and its two-hundred day moving average price is $271.19. 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 (NASDAQ:LPLA) last announced its earnings results on Wednesday, October 30th. The financial services provider reported $4.16 EPS for the quarter, topping the consensus estimate of $3.69 by $0.47. The firm had revenue of $3.11 billion for the quarter, compared to the consensus estimate of $3.04 billion. LPL Financial had a return on equity of 49.47% and a net margin of 8.73%. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the business earned $3.74 EPS. On average, analysts anticipate that LPL Financial Holdings Inc. will post 16.17 EPS for the current year.

Insider Activity

In other news, Director Aneri Jambusaria sold 305 shares of the business’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $331.94, for a total value of $101,241.70. Following the transaction, the director now directly owns 3,920 shares of the company’s stock, valued at $1,301,204.80. The trade was a 7.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.30% of the stock is 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.