LPL Financial Holdings Inc. (NASDAQ:LPLA) Shares Purchased by Corient Private Wealth LLC

Corient Private Wealth LLC increased its position in shares of LPL Financial Holdings Inc. (NASDAQ:LPLA - Free Report) by 3.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 34,972 shares of the financial services provider's stock after buying an additional 1,180 shares during the quarter. Corient Private Wealth LLC's holdings in LPL Financial were worth $11,418,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp grew its stake in LPL Financial by 45.3% during the 4th quarter. Jones Financial Companies Lllp now owns 138 shares of the financial services provider's stock worth $45,000 after buying an additional 43 shares during the last quarter. Atala Financial Inc purchased a new position in LPL Financial during the 4th quarter worth approximately $59,000. Brooklyn Investment Group purchased a new position in LPL Financial during the 3rd quarter worth approximately $43,000. Compass Financial Services Inc purchased a new position in LPL Financial during the 4th quarter worth approximately $65,000. Finally, R Squared Ltd purchased a new position in LPL Financial during the 4th quarter worth approximately $78,000. Hedge funds and other institutional investors own 95.66% of the company's stock.

LPL Financial Price Performance

Shares of LPLA traded down $6.55 during mid-day trading on Friday, hitting $327.90. The company's stock had a trading volume of 828,191 shares, compared to its average volume of 743,986. 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 firm has a 50-day simple moving average of $351.95 and a 200 day simple moving average of $307.43. The firm has a market capitalization of $24.49 billion, a P/E ratio of 23.35, a P/E/G ratio of 0.94 and a beta of 0.82. LPL Financial Holdings Inc. has a 1-year low of $187.19 and a 1-year high of $384.04.

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LPL Financial (NASDAQ:LPLA - Get Free Report) last posted its earnings results on Thursday, January 30th. The financial services provider reported $4.25 EPS for the quarter, topping analysts' consensus estimates of $4.01 by $0.24. LPL Financial had a return on equity of 49.41% and a net margin of 8.55%. Analysts predict that LPL Financial Holdings Inc. will post 19.35 EPS for the current fiscal year.

LPL Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th will be given a dividend of $0.30 per share. The ex-dividend date is Tuesday, March 11th. This represents a $1.20 dividend on an annualized basis and a yield of 0.37%. LPL Financial's payout ratio is 8.55%.

Insiders Place Their Bets

In other LPL Financial news, CFO Matthew J. Audette sold 4,588 shares of the business's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $360.07, for a total transaction of $1,652,001.16. Following the sale, the chief financial officer now directly owns 16,538 shares in the company, valued at approximately $5,954,837.66. The trade was a 21.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Marc Eliot Cohen sold 1,100 shares of the company's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $365.85, for a total value of $402,435.00. Following the completion of the sale, the director now owns 4,075 shares in the company, valued at $1,490,838.75. This represents a 21.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 34,465 shares of company stock worth $12,562,070. 1.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on LPLA shares. Keefe, Bruyette & Woods raised their price target on LPL Financial from $390.00 to $405.00 and gave the stock an "outperform" rating in a research note on Friday, January 31st. StockNews.com downgraded LPL Financial from a "hold" rating to a "sell" rating in a research note on Monday, March 17th. Barclays lifted their target price on LPL Financial from $389.00 to $414.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. JPMorgan Chase & Co. lifted their target price on LPL Financial from $397.00 to $405.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. Finally, Wells Fargo & Company lifted their target price on LPL Financial from $390.00 to $405.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. Two analysts have rated the stock with a sell rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $379.17.

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.