First Hawaiian Bank Increases Position in LPL Financial Holdings Inc. (NASDAQ:LPLA)

First Hawaiian Bank boosted its holdings in shares of LPL Financial Holdings Inc. (NASDAQ:LPLA - Free Report) by 47.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,293 shares of the financial services provider's stock after buying an additional 1,715 shares during the quarter. First Hawaiian Bank's holdings in LPL Financial were worth $1,728,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. FMR LLC boosted its holdings in LPL Financial by 24.4% in the third 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 last quarter. Kayne Anderson Rudnick Investment Management LLC raised its position in LPL Financial by 9.9% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,589,793 shares of the financial services provider's stock valued at $723,329,000 after acquiring an additional 233,242 shares in the last quarter. Geode Capital Management LLC lifted its holdings in LPL Financial by 2.6% in the third quarter. Geode Capital Management LLC now owns 1,436,831 shares of the financial services provider's stock valued at $333,581,000 after acquiring an additional 36,474 shares during the period. JPMorgan Chase & Co. boosted its position in 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 worth $296,635,000 after purchasing an additional 276,166 shares in the last quarter. Finally, Samlyn Capital LLC grew its stake in shares of LPL Financial by 8.0% during the 2nd quarter. Samlyn Capital LLC now owns 1,194,715 shares of the financial services provider's stock worth $333,684,000 after purchasing an additional 88,635 shares during the period. 95.66% of the stock is currently owned by institutional investors and hedge funds.

LPL Financial Trading Down 0.7 %

Shares of LPLA traded down $2.22 during mid-day trading on Thursday, reaching $333.42. The stock had a trading volume of 422,189 shares, compared to its average volume of 567,111. The company has a debt-to-equity ratio of 1.60, a current ratio of 2.16 and a quick ratio of 2.16. The business's fifty day moving average is $321.20 and its 200 day moving average is $264.96. LPL Financial Holdings Inc. has a 52-week low of $187.19 and a 52-week high of $344.86. The firm has a market cap of $24.97 billion, a price-to-earnings ratio of 25.07, a P/E/G ratio of 1.60 and a beta of 0.87.

LPL Financial (NASDAQ:LPLA - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $4.16 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $3.04 billion. During the same period in the prior year, the firm posted $3.74 earnings per share. The firm's quarterly revenue was up 6.0% on a year-over-year basis. On average, sell-side analysts predict that LPL Financial Holdings Inc. will post 16.1 EPS for the current fiscal year.

LPL Financial Announces Dividend

The business also recently disclosed 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 0.36%. LPL Financial's dividend payout ratio (DPR) is currently 9.02%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. JMP Securities restated a "market outperform" rating and set a $310.00 price target on shares of LPL Financial in a research report on Wednesday, October 9th. Keefe, Bruyette & Woods upped their price target on LPL Financial from $325.00 to $390.00 and gave the stock an "outperform" rating in a report on Friday, December 20th. Morgan Stanley increased their price target on LPL Financial from $303.00 to $309.00 and gave the stock an "overweight" rating in a research report on Thursday, October 17th. TD Cowen upgraded LPL Financial from a "hold" rating to a "buy" rating and increased their target price for the company from $277.00 to $413.00 in a research report on Thursday, December 19th. Finally, JPMorgan Chase & Co. upgraded shares of LPL Financial from a "neutral" rating to an "overweight" rating and upped their price objective for the stock from $288.00 to $397.00 in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat.com, LPL Financial presently has a consensus rating of "Moderate Buy" and a consensus target price of $345.17.

Insiders Place Their Bets

In other 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 directly owns 3,920 shares in the company, valued at $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 available at the SEC website. 1.30% of the stock is currently owned by 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.