One Day In July LLC Invests $229,000 in LPL Financial Holdings Inc. (NASDAQ:LPLA)

One Day In July LLC acquired a new position in LPL Financial Holdings Inc. (NASDAQ:LPLA - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 702 shares of the financial services provider's stock, valued at approximately $229,000.

Several other large investors also recently made changes to their positions in the business. Ashton Thomas Securities LLC acquired a new stake in LPL Financial during the 3rd quarter valued at $31,000. Brooklyn Investment Group acquired a new stake in LPL Financial during the 3rd quarter valued at $43,000. Compass Financial Services Inc acquired a new stake in LPL Financial during the 4th quarter valued at $65,000. R Squared Ltd acquired a new stake in LPL Financial during the 4th quarter valued at $78,000. Finally, Ameliora Wealth Management Ltd. acquired a new stake in LPL Financial during the 4th quarter valued at $108,000. Institutional investors and hedge funds own 95.66% of the company's stock.

Insiders Place Their Bets

In other LPL Financial news, Director Aneri Jambusaria sold 305 shares of the business's stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $331.94, for a total transaction of $101,241.70. Following the sale, the director now directly owns 3,920 shares in the company, valued at approximately $1,301,204.80. The trade was a 7.22 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Matthew J. Audette sold 28,777 shares of the business'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 sale, the chief financial officer now owns 13,663 shares in the company, valued at $4,988,907.82. This trade represents a 67.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.30% of the stock is owned by insiders.

Analysts Set New Price Targets

LPLA has been the subject of a number of recent analyst reports. Wells Fargo & Company raised 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, January 31st. JPMorgan Chase & Co. raised their price objective on shares of LPL Financial from $397.00 to $405.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. StockNews.com raised shares of LPL Financial from a "sell" rating to a "hold" rating in a report on Saturday, November 9th. Barclays raised their price objective on shares of LPL Financial from $389.00 to $414.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. Finally, The Goldman Sachs Group raised their price objective on shares of LPL Financial from $271.00 to $305.00 and gave the stock a "buy" rating in a report on Friday, November 1st. One research analyst has rated the stock with a sell rating, one has given a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $379.17.

LPL Financial Stock Performance

NASDAQ:LPLA traded down $7.53 during mid-day trading on Friday, hitting $371.93. The stock had a trading volume of 1,175,849 shares, compared to its average volume of 664,201. The stock has a market capitalization of $27.85 billion, a price-to-earnings ratio of 26.49, a P/E/G ratio of 0.95 and a beta of 0.87. The company has a 50 day simple moving average of $348.99 and a 200-day simple moving average of $289.66. LPL Financial Holdings Inc. has a 52 week low of $187.19 and a 52 week high of $384.04. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 1.60.

LPL Financial (NASDAQ:LPLA - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The financial services provider reported $4.25 earnings per share 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%. On average, research analysts expect that LPL Financial Holdings Inc. will post 19.35 earnings per share for the current fiscal year.

LPL Financial Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 0.32%. LPL Financial's dividend payout ratio (DPR) is 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.