Natixis Advisors LLC Has $18.08 Million Stock Holdings in LPL Financial Holdings Inc. (NASDAQ:LPLA)

Natixis Advisors LLC boosted its holdings in LPL Financial Holdings Inc. (NASDAQ:LPLA - Free Report) by 2.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 55,367 shares of the financial services provider's stock after acquiring an additional 1,553 shares during the quarter. Natixis Advisors LLC owned 0.07% of LPL Financial worth $18,078,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Brooklyn Investment Group acquired a new position in shares of LPL Financial in the 3rd quarter worth approximately $43,000. Jones Financial Companies Lllp increased its stake in shares of LPL Financial by 45.3% in 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 last quarter. Atala Financial Inc acquired a new position in LPL Financial in the 4th quarter worth about $59,000. Compass Financial Services Inc bought a new position in LPL Financial during the fourth quarter valued at approximately $65,000. Finally, R Squared Ltd bought a new position in shares of LPL Financial during the 4th quarter valued at $78,000. 95.66% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on LPLA shares. Morgan Stanley raised their price objective on LPL Financial from $379.00 to $413.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. TD Cowen upgraded LPL Financial from a "hold" rating to a "buy" rating and upped their target price for the company from $277.00 to $413.00 in a research note on Thursday, December 19th. Barclays lifted their price objective on LPL Financial from $389.00 to $414.00 and gave the company an "overweight" rating in a report on Friday, January 31st. UBS Group lifted their price objective on LPL Financial from $390.00 to $420.00 and gave the company a "buy" rating in a report on Friday, January 31st. Finally, Keefe, Bruyette & Woods lifted their target price on shares of LPL Financial from $390.00 to $405.00 and gave the company an "outperform" rating in a research note on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating and twelve have issued a buy rating to the company. According to MarketBeat.com, LPL Financial presently has a consensus rating of "Moderate Buy" and an average price target of $379.17.

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Insider Buying and Selling at LPL Financial

In other LPL Financial news, CFO Matthew J. Audette sold 28,777 shares of the business's stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $365.14, for a total value of $10,507,633.78. Following the sale, the chief financial officer now owns 13,663 shares in the company, valued at approximately $4,988,907.82. The trade was a 67.81 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Marc Eliot Cohen sold 1,100 shares of the firm'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 of the company's stock, valued at approximately $1,490,838.75. This trade represents a 21.26 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 34,465 shares of company stock valued at $12,562,070. 1.30% of the stock is currently owned by corporate insiders.

LPL Financial Trading Down 2.0 %

NASDAQ LPLA traded down $6.55 during trading hours on Friday, hitting $327.90. The company's stock had a trading volume of 828,191 shares, compared to its average volume of 743,830. LPL Financial Holdings Inc. has a twelve month low of $187.19 and a twelve month high of $384.04. The company has a quick ratio of 2.16, a current ratio of 2.16 and a debt-to-equity ratio of 1.60. The firm has a market capitalization of $24.49 billion, a P/E ratio of 23.35, a PEG ratio of 0.94 and a beta of 0.82. The stock has a fifty day moving average of $351.95 and a 200 day moving average of $306.82.

LPL Financial (NASDAQ:LPLA - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The financial services provider reported $4.25 earnings per share for the quarter, beating analysts' consensus estimates of $4.01 by $0.24. LPL Financial had a net margin of 8.55% and a return on equity of 49.41%. Equities research analysts forecast that LPL Financial Holdings Inc. will post 19.35 earnings per share 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. Stockholders of record on Tuesday, March 11th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.37%. The ex-dividend date is Tuesday, March 11th. LPL Financial's dividend payout ratio (DPR) is presently 8.55%.

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.