913 Shares in LPL Financial Holdings Inc. (NASDAQ:LPLA) Acquired by Good Life Advisors LLC

Good Life Advisors LLC acquired a new position in shares of LPL Financial Holdings Inc. (NASDAQ:LPLA - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 913 shares of the financial services provider's stock, valued at approximately $298,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Blue Trust Inc. grew its stake in LPL Financial by 101.4% in the third quarter. Blue Trust Inc. now owns 977 shares of the financial services provider's stock worth $227,000 after purchasing an additional 492 shares in the last quarter. Sequoia Financial Advisors LLC grew its position in shares of LPL Financial by 10.3% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 945 shares of the financial services provider's stock worth $220,000 after acquiring an additional 88 shares in the last quarter. Private Advisor Group LLC increased its holdings in shares of LPL Financial by 1.0% in the 3rd quarter. Private Advisor Group LLC now owns 27,098 shares of the financial services provider's stock valued at $6,304,000 after acquiring an additional 276 shares during the last quarter. Greenleaf Trust bought a new stake in LPL Financial during the third quarter valued at $2,169,000. Finally, MFA Wealth Advisors LLC raised its holdings in shares of LPL Financial by 3.9% during the third quarter. MFA Wealth Advisors LLC now owns 1,148 shares of the financial services provider's stock worth $267,000 after purchasing an additional 43 shares during the period. Institutional investors own 95.66% of the company's stock.

Insider Activity

In other news, Director Aneri Jambusaria sold 305 shares of the business'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 sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Matthew J. Audette sold 28,777 shares of the stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $365.14, for a total value of $10,507,633.78. Following the completion of the transaction, the chief financial officer now owns 13,663 shares of the company's stock, valued at $4,988,907.82. This trade represents a 67.81 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.30% of the company's stock.

LPL Financial Price Performance

Shares of LPLA stock traded down $7.53 during mid-day trading on Friday, hitting $371.93. 1,175,849 shares of the stock traded hands, compared to its average volume of 664,201. The company has a debt-to-equity ratio of 1.60, a quick ratio of 2.16 and a current ratio of 2.16. The firm has a market cap of $27.85 billion, a price-to-earnings ratio of 26.49, a price-to-earnings-growth ratio of 0.95 and a beta of 0.87. The company's 50-day simple moving average is $348.99 and its 200-day simple moving average is $289.66. LPL Financial Holdings Inc. has a twelve month low of $187.19 and a twelve month high of $384.04.

LPL Financial (NASDAQ:LPLA - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The financial services provider reported $4.25 earnings per share for the quarter, beating the consensus estimate of $4.01 by $0.24. LPL Financial had a net margin of 8.55% and a return on equity of 49.41%. As a group, equities research analysts expect that LPL Financial Holdings Inc. will post 19.35 earnings per share for the current year.

LPL Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $1.20 annualized dividend and a dividend yield of 0.32%. LPL Financial's dividend payout ratio is currently 8.55%.

Wall Street Analyst Weigh In

LPLA has been the subject of a number of research reports. TD Cowen upgraded LPL Financial from a "hold" rating to a "buy" rating and lifted their target price for the company from $277.00 to $413.00 in a research note on Thursday, December 19th. Keefe, Bruyette & Woods upped their price target on shares of LPL Financial from $390.00 to $405.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st. The Goldman Sachs Group increased their price objective on shares of LPL Financial from $271.00 to $305.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Citigroup boosted their target price on shares of LPL Financial from $310.00 to $385.00 and gave the company a "buy" rating in a research note on Friday, January 10th. Finally, StockNews.com upgraded shares of LPL Financial from a "sell" rating to a "hold" rating in a research note on Saturday, November 9th. 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 company's stock. Based on data from MarketBeat.com, LPL Financial currently has a consensus rating of "Moderate Buy" and a consensus price target of $379.17.

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.