LPL Financial Holdings Inc. (NASDAQ:LPLA - Get Free Report) rose 0.4% during mid-day trading on Monday . The stock traded as high as $376.11 and last traded at $373.98. Approximately 581,964 shares were traded during mid-day trading, an increase of 1% from the average daily volume of 575,145 shares. The stock had previously closed at $372.34.
Analyst Ratings Changes
LPLA has been the topic of several analyst reports. UBS Group upped their target price on shares of LPL Financial from $390.00 to $420.00 and gave the stock a "buy" rating in a research note on Friday, January 31st. Keefe, Bruyette & Woods increased their price objective on shares of LPL Financial from $390.00 to $405.00 and gave the company an "outperform" rating in a research report on Friday, January 31st. Wells Fargo & Company upped their target price on shares of LPL Financial from $390.00 to $405.00 and gave the company an "overweight" rating in a report on Friday, January 31st. JPMorgan Chase & Co. increased their price objective on shares of LPL Financial from $397.00 to $405.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. Finally, Citigroup increased their price objective on shares of LPL Financial from $310.00 to $385.00 and gave the stock a "buy" rating in a research note on Friday, January 10th. 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $379.17.
Check Out Our Latest Stock Report on LPL Financial
LPL Financial Stock Down 1.0 %
The company has a debt-to-equity ratio of 1.60, a current ratio of 2.16 and a quick ratio of 2.16. The company's 50-day simple moving average is $348.16 and its 200 day simple moving average is $288.42. The firm has a market cap of $28.41 billion, a P/E ratio of 27.03, a price-to-earnings-growth ratio of 0.94 and a beta of 0.87.
LPL Financial (NASDAQ:LPLA - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The financial services provider reported $4.25 EPS for the quarter, beating the consensus estimate of $4.01 by $0.24. LPL Financial had a net margin of 8.55% and a return on equity of 49.41%. Research analysts anticipate that LPL Financial Holdings Inc. will post 19.35 EPS for the current fiscal 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 given 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 0.32%. LPL Financial's dividend payout ratio (DPR) is currently 8.55%.
Insider Transactions at LPL Financial
In other news, Director Aneri Jambusaria sold 305 shares of the firm's stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $331.94, for a total value of $101,241.70. Following the completion of the sale, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Matthew J. Audette sold 28,777 shares of the firm's stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $365.14, for a total transaction of $10,507,633.78. Following the completion of the sale, the chief financial officer now owns 13,663 shares of the company's stock, valued at $4,988,907.82. This trade represents a 67.81 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.30% of the company's stock.
Institutional Investors Weigh In On LPL Financial
Institutional investors have recently made changes to their positions in the company. Graney & King LLC purchased a new position in LPL Financial in the 4th quarter worth about $30,000. Ashton Thomas Securities LLC purchased a new position in LPL Financial in the 3rd quarter worth about $31,000. Fourth Dimension Wealth LLC purchased a new position in LPL Financial in the 4th quarter worth about $40,000. Itau Unibanco Holding S.A. purchased a new position in LPL Financial in the 4th quarter worth about $42,000. Finally, Brooklyn Investment Group purchased a new position in LPL Financial in the 3rd quarter worth about $43,000. Institutional investors own 95.66% of the company's stock.
About LPL Financial
(
Get Free Report)
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.
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