741 Shares in LPL Financial Holdings Inc. (NASDAQ:LPLA) Acquired by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC acquired a new stake in LPL Financial Holdings Inc. (NASDAQ:LPLA - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 741 shares of the financial services provider's stock, valued at approximately $242,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in LPLA. CX Institutional acquired a new position in LPL Financial in the third quarter valued at about $382,000. Swedbank AB grew its stake in LPL Financial by 19.8% in the third quarter. Swedbank AB now owns 16,429 shares of the financial services provider's stock valued at $3,822,000 after acquiring an additional 2,720 shares during the period. Net Worth Advisory Group acquired a new position in LPL Financial in the third quarter valued at about $240,000. Blue Trust Inc. boosted its position in shares of LPL Financial by 101.4% during the third quarter. Blue Trust Inc. now owns 977 shares of the financial services provider's stock worth $227,000 after buying an additional 492 shares during the period. Finally, OLD National Bancorp IN boosted its position in shares of LPL Financial by 21.2% during the third quarter. OLD National Bancorp IN now owns 3,030 shares of the financial services provider's stock worth $705,000 after buying an additional 529 shares during the period. Institutional investors own 95.66% of the company's stock.

Wall Street Analyst Weigh In

LPLA has been the subject of several recent research reports. StockNews.com raised LPL Financial from a "sell" rating to a "hold" rating in a research report on Saturday, November 9th. Morgan Stanley upped their price objective on LPL Financial from $379.00 to $413.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. Keefe, Bruyette & Woods upped their price objective on LPL Financial from $390.00 to $405.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st. Citigroup upped their price objective on LPL Financial from $310.00 to $385.00 and gave the stock a "buy" rating in a research report on Friday, January 10th. Finally, Wells Fargo & Company upped their price objective on LPL Financial from $390.00 to $405.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $379.17.

Insider Buying and Selling at LPL Financial

In other news, Director Aneri Jambusaria sold 305 shares of the stock in a transaction that occurred 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 transaction, the director now owns 3,920 shares in the company, valued at approximately $1,301,204.80. This trade represents 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 accessible through this link. Also, CFO Matthew J. Audette sold 28,777 shares of the stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $365.14, for a total value of $10,507,633.78. Following the transaction, the chief financial officer now owns 13,663 shares in the company, valued at approximately $4,988,907.82. This trade represents a 67.81 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company's stock.

LPL Financial Stock Performance

NASDAQ:LPLA traded up $4.97 on Tuesday, hitting $378.95. The company's stock had a trading volume of 192,113 shares, compared to its average volume of 607,169. 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 fifty day moving average of $344.99 and a two-hundred day moving average of $285.83. The firm has a market capitalization of $28.38 billion, a P/E ratio of 26.99, a price-to-earnings-growth ratio of 0.93 and a beta of 0.87. LPL Financial Holdings Inc. has a one year low of $187.19 and a one year high of $379.90.

LPL Financial (NASDAQ:LPLA - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The financial services provider reported $4.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.01 by $0.24. LPL Financial had a return on equity of 49.41% and a net margin of 8.55%. Research analysts predict that LPL Financial Holdings Inc. will post 19.14 earnings per share for the current year.

LPL Financial Announces Dividend

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