Impact Capital Partners LLC Invests $941,000 in LPL Financial Holdings Inc. (NASDAQ:LPLA)

Impact Capital Partners LLC bought a new stake in LPL Financial Holdings Inc. (NASDAQ:LPLA - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 2,883 shares of the financial services provider's stock, valued at approximately $941,000.

Several other institutional investors also recently bought and sold shares of the company. Ashton Thomas Securities LLC acquired a new stake in shares of LPL Financial during the third quarter worth $31,000. Jones Financial Companies Lllp lifted its stake in shares of LPL Financial by 45.3% during the fourth 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 period. Brooklyn Investment Group acquired a new stake in shares of LPL Financial during the third quarter worth $43,000. Compass Financial Services Inc acquired a new stake in shares of LPL Financial during the fourth quarter worth $65,000. Finally, R Squared Ltd acquired a new stake in shares of LPL Financial during the fourth quarter worth $78,000. 95.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently issued reports on LPLA shares. UBS Group raised their target price on shares of LPL Financial from $390.00 to $420.00 and gave the stock a "buy" rating in a report on Friday, January 31st. Barclays raised their target price on shares of LPL Financial from $389.00 to $414.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. JMP Securities reissued a "market outperform" rating and set a $435.00 target price on shares of LPL Financial in a report on Friday, January 31st. TD Cowen raised shares of LPL Financial from a "hold" rating to a "buy" rating and raised their target price for the stock from $277.00 to $413.00 in a report on Thursday, December 19th. Finally, Morgan Stanley raised their target price on shares of LPL Financial from $379.00 to $413.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. One 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 stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $379.17.

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Insider Transactions at LPL Financial

In related news, CFO Matthew J. Audette sold 4,588 shares of the business's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $360.07, for a total transaction of $1,652,001.16. Following the transaction, 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 legal filing with the SEC, which can be accessed through the SEC website. Also, Director Marc Eliot Cohen sold 1,100 shares of the business's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $365.85, for a total transaction of $402,435.00. Following the transaction, the director now owns 4,075 shares in the company, valued at $1,490,838.75. The trade was a 21.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 34,465 shares of company stock valued at $12,562,070 over the last 90 days. Corporate insiders own 1.30% of the company's stock.

LPL Financial Price Performance

Shares of LPLA stock traded up $6.30 on Monday, reaching $328.29. 772,427 shares of the company were exchanged, compared to its average volume of 736,614. The company has a market cap of $24.52 billion, a price-to-earnings ratio of 23.38, a P/E/G ratio of 0.94 and a beta of 0.82. The business has a 50-day moving average price of $352.35 and a 200 day moving average price of $304.26. The company has a debt-to-equity ratio of 1.60, a quick ratio of 2.16 and a current ratio of 2.16. LPL Financial Holdings Inc. has a 1 year low of $187.19 and a 1 year high of $384.04.

LPL Financial (NASDAQ:LPLA - Get Free Report) last released 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 net margin of 8.55% and a return on equity of 49.41%. Equities research analysts forecast that LPL Financial Holdings Inc. will post 19.35 earnings per share for the current fiscal year.

LPL Financial Announces Dividend

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

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.