LPL Financial (NASDAQ:LPLA) Shares Acquired Sen. Markwayne Mullin

Senator Markwayne Mullin (R-Oklahoma) recently bought shares of LPL Financial Holdings Inc. NASDAQ: LPLA. In a filing disclosed on February 27th, the Senator disclosed that they had bought between $50,001 and $100,000 in LPL Financial stock on February 13th.

Senator Markwayne Mullin also recently made the following trade(s):

• Purchased $15,001 - $50,000 in shares of Amazon.com NASDAQ: AMZN on 2/13/2025.
• Sold $15,001 - $50,000 in shares of Honeywell International NASDAQ: HON on 2/13/2025.
• Purchased $15,001 - $50,000 in shares of IQVIA NYSE: IQV on 2/13/2025.
• Sold $15,001 - $50,000 in shares of Brick TSE: BRK on 2/13/2025.
• Sold $100,001 - $250,000 in shares of Vanguard Materials ETF NYSEARCA: VAW on 2/13/2025.
• Purchased $50,001 - $100,000 in shares of Microsoft NASDAQ: MSFT on 2/13/2025.
• Sold $15,001 - $50,000 in shares of Constellation Brands NYSE: STZ on 2/13/2025.
• Purchased $15,001 - $50,000 in shares of TJX Companies NYSE: TJX on 2/13/2025.
• Sold $50,001 - $100,000 in shares of Advanced Micro Devices NASDAQ: AMD on 2/13/2025.
• Purchased $50,001 - $100,000 in shares of Accenture NYSE: ACN on 2/13/2025.

LPL Financial Stock Performance

LPL Financial stock traded down $11.59 during trading hours on Monday, hitting $360.15. The stock had a trading volume of 921,591 shares, compared to its average volume of 707,577. LPL Financial Holdings Inc. has a fifty-two week low of $187.19 and a fifty-two week high of $384.04. The company has a market cap of $26.86 billion, a PE ratio of 25.69, a price-to-earnings-growth ratio of 0.94 and a beta of 0.87. The company has a 50-day moving average of $352.80 and a two-hundred day moving average of $296.76. The company has a quick ratio of 2.16, a current ratio of 2.16 and a debt-to-equity ratio of 1.60.

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LPL Financial (NASDAQ:LPLA - Get Free Report) last issued its earnings results on Thursday, January 30th. The financial services provider reported $4.25 EPS for the quarter, beating analysts' consensus estimates of $4.01 by $0.24. LPL Financial had a return on equity of 49.41% and a net margin of 8.55%. On average, equities research analysts anticipate that LPL Financial Holdings Inc. will post 19.35 EPS for the current fiscal year.

LPL Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Investors 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 annualized dividend and a yield of 0.33%. LPL Financial's dividend payout ratio is 8.55%.

Institutional Trading of LPL Financial

Several hedge funds have recently modified their holdings of the stock. Graney & King LLC acquired a new position in LPL Financial during the 4th quarter worth $30,000. Ashton Thomas Securities LLC acquired a new position in shares of LPL Financial during the third quarter valued at $31,000. Fourth Dimension Wealth LLC bought a new position in LPL Financial in the fourth quarter valued at about $40,000. Itau Unibanco Holding S.A. acquired a new stake in LPL Financial in the fourth quarter worth about $42,000. Finally, Brooklyn Investment Group bought a new stake in LPL Financial during the 3rd quarter worth about $43,000. 95.66% of the stock is owned by institutional investors.

Insider Buying and Selling at LPL Financial

In related news, Director Marc Eliot Cohen sold 1,100 shares of the stock in a transaction that occurred 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 transaction, the director now directly owns 4,075 shares in the company, valued at $1,490,838.75. This represents a 21.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Matthew J. Audette sold 4,588 shares of LPL Financial stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $360.07, for a total transaction of $1,652,001.16. Following the sale, the chief financial officer now directly owns 16,538 shares of the company's stock, valued at $5,954,837.66. This represents a 21.72 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 34,770 shares of company stock worth $12,663,312. Company insiders own 1.30% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on LPLA. JPMorgan Chase & Co. lifted their target price on shares of LPL Financial from $397.00 to $405.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. Wells Fargo & Company upped their price objective on LPL Financial from $390.00 to $405.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. Barclays increased their target price on LPL Financial from $389.00 to $414.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. Morgan Stanley boosted their price target on LPL Financial from $379.00 to $413.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Finally, UBS Group increased their price objective on LPL Financial from $390.00 to $420.00 and gave the stock a "buy" rating in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, LPL Financial presently has an average rating of "Moderate Buy" and a consensus price target of $379.17.

About Senator Mullin

Markwayne Mullin (Republican Party) is a member of the U.S. Senate from Oklahoma. He assumed office on January 11, 2023. His current term ends on January 3, 2027. Mullin (Republican Party) ran in a special election to the U.S. Senate to represent Oklahoma. He won in the special general election on November 8, 2022. Mullin is a member of the Cherokee Nation and one of four Native American members of the 116th Congress. At the age of 20, Mullin took over his father's plumbing business. He is also a former professional mixed martial artist. Markwayne Mullin graduated from Stilwell High School. Mullin earned an associate degree in construction technology from Oklahoma State University Institute of Technology. His career experience includes owning and founding multiple businesses.

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.