Nisa Investment Advisors LLC Has $711,000 Holdings in LPL Financial Holdings Inc. (NASDAQ:LPLA)

Nisa Investment Advisors LLC increased its position in shares of LPL Financial Holdings Inc. (NASDAQ:LPLA - Free Report) by 168.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,178 shares of the financial services provider's stock after buying an additional 1,368 shares during the period. Nisa Investment Advisors LLC's holdings in LPL Financial were worth $711,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in LPLA. Ashton Thomas Securities LLC bought a new stake in shares of LPL Financial in the 3rd quarter worth about $31,000. Paladin Wealth LLC bought a new stake in shares of LPL Financial in the 3rd quarter worth about $34,000. Brooklyn Investment Group bought a new stake in shares of LPL Financial in the 3rd quarter worth about $43,000. Quarry LP increased its position in shares of LPL Financial by 45.3% in the 2nd quarter. Quarry LP now owns 327 shares of the financial services provider's stock worth $91,000 after purchasing an additional 102 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in shares of LPL Financial by 71.6% in the 4th quarter. GAMMA Investing LLC now owns 357 shares of the financial services provider's stock worth $117,000 after purchasing an additional 149 shares during the last quarter. Hedge funds and other institutional investors own 95.66% of the company's stock.

Insider Buying and Selling

In related news, Director Aneri Jambusaria sold 305 shares of the business's stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $331.94, for a total value of $101,241.70. Following the sale, the director now directly owns 3,920 shares in the company, valued at $1,301,204.80. The trade was a 7.22 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.30% of the company's stock.

LPL Financial Price Performance

Shares of NASDAQ:LPLA traded up $5.09 during trading on Friday, reaching $366.89. The company had a trading volume of 1,372,122 shares, compared to its average volume of 463,327. The firm's fifty day moving average is $335.66 and its 200 day moving average is $274.06. The firm has a market capitalization of $27.47 billion, a PE ratio of 27.59, a price-to-earnings-growth ratio of 1.11 and a beta of 0.87. LPL Financial Holdings Inc. has a twelve month low of $187.19 and a twelve month high of $375.74. 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 (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 for the quarter, topping analysts' consensus estimates of $4.01 by $0.24. LPL Financial had a net margin of 8.73% and a return on equity of 49.47%. On average, equities analysts forecast that LPL Financial Holdings Inc. will post 16.17 EPS for the current year.

LPL Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.33%. LPL Financial's payout ratio is currently 9.02%.

Analysts Set New Price Targets

LPLA has been the subject of several research reports. StockNews.com raised shares of LPL Financial from a "sell" rating to a "hold" rating in a report on Saturday, November 9th. Wells Fargo & Company lifted their price target on shares of LPL Financial from $390.00 to $405.00 and gave the company an "overweight" rating in a report on Friday. Citigroup lifted their price target on shares of LPL Financial from $310.00 to $385.00 and gave the company a "buy" rating in a report on Friday, January 10th. Jefferies Financial Group decreased their price target on shares of LPL Financial from $309.00 to $282.00 and set a "buy" rating for the company in a report on Friday, October 4th. Finally, UBS Group lifted their price target on shares of LPL Financial from $390.00 to $420.00 and gave the company a "buy" rating in a report on Friday. One research analyst has rated the stock with a sell rating, one has given a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $370.50.

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.