Lynwood Price Capital Management LP Makes New Investment in LPL Financial Holdings Inc. (NASDAQ:LPLA)

Lynwood Price Capital Management LP bought a new stake in LPL Financial Holdings Inc. (NASDAQ:LPLA - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 35,500 shares of the financial services provider's stock, valued at approximately $11,591,000. LPL Financial makes up about 8.0% of Lynwood Price Capital Management LP's investment portfolio, making the stock its 6th largest position.

Several other hedge funds also recently bought and sold shares of LPLA. Graney & King LLC bought a new stake in LPL Financial during the 4th quarter worth approximately $30,000. Jones Financial Companies Lllp raised its holdings in shares of LPL Financial by 45.3% during the fourth quarter. Jones Financial Companies Lllp now owns 138 shares of the financial services provider's stock worth $45,000 after acquiring an additional 43 shares during the period. Atala Financial Inc bought a new stake in LPL Financial in the 4th quarter valued at $59,000. Compass Financial Services Inc acquired a new position in shares of LPL Financial during the fourth quarter worth about $65,000. Finally, R Squared Ltd bought a new position in shares of LPL Financial during the fourth quarter worth about $78,000. 95.66% of the stock is currently owned by institutional investors and hedge funds.

LPL Financial Price Performance

Shares of LPL Financial stock traded down $8.03 on Wednesday, reaching $278.86. 941,702 shares of the stock were exchanged, compared to its average volume of 926,342. The firm's 50 day moving average is $344.11 and its 200-day moving average is $317.19. The firm has a market cap of $20.80 billion, a PE ratio of 19.87, a P/E/G ratio of 0.94 and a beta of 0.64. The company has a debt-to-equity ratio of 1.60, a quick ratio of 2.16 and a current ratio of 2.16. LPL Financial Holdings Inc. has a one year low of $187.19 and a one year high of $384.04.

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LPL Financial (NASDAQ:LPLA - Get Free Report) last issued its quarterly earnings results 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%. As a group, analysts anticipate that LPL Financial Holdings Inc. will post 19.35 EPS for the current fiscal year.

LPL Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th were paid a $0.30 dividend. The ex-dividend date was Tuesday, March 11th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.43%. LPL Financial's payout ratio is currently 8.55%.

Insider Activity at LPL Financial

In other news, Director Marc Eliot Cohen sold 1,100 shares of the company's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $365.85, for a total transaction of $402,435.00. Following the completion of the transaction, the director now directly owns 4,075 shares in the company, valued at approximately $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 Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Matthew J. Audette sold 4,588 shares of the firm's stock in a transaction 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 sale, the chief financial officer now directly owns 16,538 shares in the company, valued at approximately $5,954,837.66. This trade 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 34,465 shares of company stock valued at $12,562,070. 1.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

LPLA has been the topic of a number of recent research reports. Morgan Stanley lifted their target price on LPL Financial from $379.00 to $413.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Barclays cut their price objective on LPL Financial from $414.00 to $365.00 and set an "overweight" rating for the company in a report on Monday. Citigroup lowered their target price on shares of LPL Financial from $415.00 to $400.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. UBS Group lifted their price objective on shares of LPL Financial from $390.00 to $420.00 and gave the company a "buy" rating in a research report on Friday, January 31st. Finally, Keefe, Bruyette & Woods upped their target price on shares of LPL Financial from $390.00 to $405.00 and gave the company an "outperform" rating in a report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $369.83.

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.