Artemis Investment Management LLP Buys 12,896 Shares of LPL Financial Holdings Inc. (NASDAQ:LPLA)

Artemis Investment Management LLP increased its position in LPL Financial Holdings Inc. (NASDAQ:LPLA - Free Report) by 18.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 82,736 shares of the financial services provider's stock after buying an additional 12,896 shares during the quarter. Artemis Investment Management LLP owned about 0.11% of LPL Financial worth $27,014,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of LPLA. FMR LLC lifted its holdings in 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 acquiring an additional 650,675 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in LPL Financial by 27.6% during the third 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 last quarter. Southpoint Capital Advisors LP boosted its holdings in LPL Financial by 50.0% during the third quarter. Southpoint Capital Advisors LP now owns 750,000 shares of the financial services provider's stock worth $174,472,000 after buying an additional 250,000 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its position in LPL Financial by 9.9% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,589,793 shares of the financial services provider's stock worth $723,329,000 after buying an additional 233,242 shares during the last quarter. Finally, Maverick Capital Ltd. increased its holdings in shares of LPL Financial by 82.0% in the third quarter. Maverick Capital Ltd. now owns 497,075 shares of the financial services provider's stock valued at $115,635,000 after buying an additional 223,931 shares in the last quarter. Institutional investors own 95.66% of the company's stock.

Insiders Place Their Bets

In other LPL Financial news, Director Aneri Jambusaria sold 305 shares of the company's stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $331.94, for a total transaction of $101,241.70. Following the completion of the sale, the director now directly owns 3,920 shares in the company, valued at $1,301,204.80. This represents a 7.22 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.00% of the company's stock.

Analysts Set New Price Targets

LPLA has been the topic of a number of recent research reports. Morgan Stanley lifted their target price on LPL Financial from $303.00 to $309.00 and gave the stock an "overweight" rating in a report on Thursday, October 17th. The Goldman Sachs Group lifted their price target on LPL Financial from $271.00 to $305.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. UBS Group raised shares of LPL Financial from a "neutral" rating to a "buy" rating and set a $390.00 price objective for the company in a research note on Monday, January 6th. StockNews.com raised shares of LPL Financial from a "sell" rating to a "hold" rating in a research report on Saturday, November 9th. Finally, JPMorgan Chase & Co. upgraded shares of LPL Financial from a "neutral" rating to an "overweight" rating and upped their price target for the company from $288.00 to $397.00 in a research report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, LPL Financial currently has an average rating of "Moderate Buy" and a consensus price target of $351.50.

LPL Financial Stock Up 0.8 %

NASDAQ LPLA traded up $2.72 during trading on Monday, reaching $348.93. The company's stock had a trading volume of 445,040 shares, compared to its average volume of 390,708. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 1.60. The stock has a market capitalization of $26.13 billion, a PE ratio of 26.24, a PEG ratio of 1.03 and a beta of 0.87. LPL Financial Holdings Inc. has a 1-year low of $187.19 and a 1-year high of $350.38. The business has a 50-day moving average price of $327.62 and a 200-day moving average price of $267.75.

LPL Financial (NASDAQ:LPLA - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $4.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.69 by $0.47. LPL Financial had a net margin of 8.73% and a return on equity of 49.47%. The firm had revenue of $3.11 billion during the quarter, compared to analysts' expectations of $3.04 billion. During the same period in the prior year, the company posted $3.74 earnings per share. LPL Financial's revenue for the quarter was up 6.0% on a year-over-year basis. On average, research analysts forecast that LPL Financial Holdings Inc. will post 16.07 earnings per share for the current fiscal year.

LPL Financial Dividend Announcement

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

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.