LPL Financial Holdings Inc. (NASDAQ:LPLA) Holdings Boosted by Dynasty Wealth Management LLC

Dynasty Wealth Management LLC grew its position in shares of LPL Financial Holdings Inc. (NASDAQ:LPLA - Free Report) by 58.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,165 shares of the financial services provider's stock after buying an additional 2,283 shares during the period. Dynasty Wealth Management LLC's holdings in LPL Financial were worth $2,013,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. FMR LLC boosted its holdings in shares of LPL Financial by 24.4% in the 3rd quarter. FMR LLC now owns 3,322,571 shares of the financial services provider's stock valued at $772,930,000 after buying an additional 650,675 shares during the period. Geode Capital Management LLC boosted its stake 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. grew its holdings in shares of LPL Financial by 27.6% during the third quarter. JPMorgan Chase & Co. now owns 1,275,136 shares of the financial services provider's stock valued at $296,635,000 after purchasing an additional 276,166 shares during the last quarter. Southpoint Capital Advisors LP raised its position in shares of LPL Financial by 50.0% during the 3rd quarter. Southpoint Capital Advisors LP now owns 750,000 shares of the financial services provider's stock worth $174,472,000 after purchasing an additional 250,000 shares during the period. Finally, Westfield Capital Management Co. LP raised its position in shares of LPL Financial by 21.6% during the 3rd quarter. Westfield Capital Management Co. LP now owns 710,867 shares of the financial services provider's stock worth $165,369,000 after purchasing an additional 126,266 shares during the period. Institutional investors and hedge funds own 95.66% of the company's stock.

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Analyst Upgrades and Downgrades

A number of brokerages recently commented on LPLA. 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 note on Thursday, February 6th. UBS Group increased their price objective 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. JPMorgan Chase & Co. boosted their target price on shares of LPL Financial from $397.00 to $405.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. TD Cowen upgraded shares of LPL Financial from a "hold" rating to a "buy" rating and upped their target price for the stock from $277.00 to $413.00 in a research report on Thursday, December 19th. Finally, Barclays lifted their price target on LPL Financial from $389.00 to $414.00 and gave the company an "overweight" rating in a report on Friday, January 31st. One 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 currently has a consensus rating of "Moderate Buy" and an average price target of $379.17.

Insider Buying and Selling

In other LPL Financial news, CFO Matthew J. Audette sold 4,588 shares of LPL Financial stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $360.07, for a total value of $1,652,001.16. Following the transaction, the chief financial officer now 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 filing with the SEC, which can be accessed through this hyperlink. Also, Director Marc Eliot Cohen sold 1,100 shares of the 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 sale, the director now owns 4,075 shares of the company's stock, valued at $1,490,838.75. This trade represents a 21.26 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 34,770 shares of company stock worth $12,663,312 in the last ninety days. 1.30% of the stock is currently owned by corporate insiders.

LPL Financial Price Performance

NASDAQ:LPLA traded down $12.88 during midday trading on Monday, hitting $358.86. 1,333,474 shares of the stock were exchanged, compared to its average volume of 718,667. The company has a market capitalization of $26.76 billion, a price-to-earnings ratio of 25.56, a P/E/G ratio of 0.94 and a beta of 0.87. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 1.60. LPL Financial Holdings Inc. has a one year low of $187.19 and a one year high of $384.04. The business has a 50-day moving average price of $352.80 and a two-hundred day moving average price of $296.76.

LPL Financial (NASDAQ:LPLA - Get Free Report) last announced 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 return on equity of 49.41% and a net margin of 8.55%. Sell-side analysts predict that LPL Financial Holdings Inc. will post 19.35 EPS for the current year.

LPL Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders 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 dividend yield of 0.33%. LPL Financial's dividend payout ratio is currently 8.55%.

LPL Financial 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.