LPL Financial Holdings Inc. (NASDAQ:LPLA) is Family Wealth Partners LLC's Largest Position

Family Wealth Partners LLC trimmed its position in LPL Financial Holdings Inc. (NASDAQ:LPLA - Free Report) by 27.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 107,861 shares of the financial services provider's stock after selling 40,035 shares during the quarter. LPL Financial accounts for 16.7% of Family Wealth Partners LLC's holdings, making the stock its largest holding. Family Wealth Partners LLC owned 0.14% of LPL Financial worth $35,218,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC acquired a new stake in shares of LPL Financial in the 3rd quarter valued at approximately $31,000. Paladin Wealth LLC acquired a new stake in LPL Financial in the third quarter valued at approximately $34,000. Brooklyn Investment Group acquired a new stake in LPL Financial in the third quarter valued at approximately $43,000. First Horizon Advisors Inc. grew its stake in shares of LPL Financial by 32.3% during the third quarter. First Horizon Advisors Inc. now owns 385 shares of the financial services provider's stock worth $90,000 after buying an additional 94 shares during the last quarter. Finally, Quarry LP increased its holdings in shares of LPL Financial by 45.3% during the second quarter. Quarry LP now owns 327 shares of the financial services provider's stock worth $91,000 after buying an additional 102 shares in the last quarter. 95.66% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on LPLA shares. Barclays boosted their price objective on LPL Financial from $378.00 to $379.00 and gave the stock an "overweight" rating in a research report on Monday. Keefe, Bruyette & Woods boosted 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. Wells Fargo & Company lifted their target price on shares of LPL Financial from $310.00 to $390.00 and gave the stock an "overweight" rating in a research report on Thursday, December 12th. Morgan Stanley boosted their target price on shares of LPL Financial from $303.00 to $309.00 and gave the stock an "overweight" rating in a report on Thursday, October 17th. Finally, JPMorgan Chase & Co. raised shares of LPL Financial from a "neutral" rating to an "overweight" rating and raised their price target for the company from $288.00 to $397.00 in a research note on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $351.50.

LPL Financial Trading Up 0.9 %

NASDAQ LPLA traded up $3.13 during trading hours on Friday, hitting $349.34. 270,625 shares of the company's stock were exchanged, compared to its average volume of 505,128. LPL Financial Holdings Inc. has a 1-year low of $187.19 and a 1-year high of $349.81. 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 50-day simple moving average of $326.88 and a 200 day simple moving average of $267.46. The firm has a market cap of $26.16 billion, a price-to-earnings ratio of 26.28, a PEG ratio of 1.03 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 earnings per share for the quarter, beating the consensus estimate of $3.69 by $0.47. The company had revenue of $3.11 billion during the quarter, compared to analyst estimates of $3.04 billion. LPL Financial had a net margin of 8.73% and a return on equity of 49.47%. LPL Financial's revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.74 EPS. On average, equities analysts forecast that LPL Financial Holdings Inc. will post 16.07 EPS for the current fiscal year.

LPL Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders 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 0.34%. LPL Financial's payout ratio is currently 9.02%.

Insider Buying and Selling at LPL Financial

In other LPL Financial news, Director Aneri Jambusaria sold 305 shares of the business's 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 completion of the sale, the director now directly owns 3,920 shares of the company's stock, valued at approximately $1,301,204.80. The trade was a 7.22 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.00% of the company's stock.

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.