LPL Financial Holdings Inc. (NASDAQ:LPLA) Shares Sold by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC lessened its stake in LPL Financial Holdings Inc. (NASDAQ:LPLA - Free Report) by 30.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 3,518 shares of the financial services provider's stock after selling 1,563 shares during the period. OneDigital Investment Advisors LLC's holdings in LPL Financial were worth $1,149,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in LPLA. Principal Financial Group Inc. grew its position in LPL Financial by 15.7% in the 3rd quarter. Principal Financial Group Inc. now owns 25,418 shares of the financial services provider's stock valued at $5,913,000 after acquiring an additional 3,444 shares in the last quarter. Truist Financial Corp lifted its holdings in LPL Financial by 7.9% during the 4th quarter. Truist Financial Corp now owns 192,153 shares of the financial services provider's stock worth $62,740,000 after buying an additional 14,106 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in LPL Financial by 4.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 31,209 shares of the financial services provider's stock valued at $10,190,000 after buying an additional 1,383 shares during the period. Bank of Montreal Can grew its stake in shares of LPL Financial by 46.9% in the fourth quarter. Bank of Montreal Can now owns 59,910 shares of the financial services provider's stock worth $19,561,000 after acquiring an additional 19,126 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of LPL Financial by 4.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 335,749 shares of the financial services provider's stock valued at $109,625,000 after acquiring an additional 13,936 shares in the last quarter. 95.66% of the stock is currently owned by institutional investors and hedge funds.

LPL Financial Stock Performance

NASDAQ LPLA traded up $3.94 during trading on Tuesday, reaching $319.37. The company's stock had a trading volume of 293,142 shares, compared to its average volume of 826,228. The business's fifty day moving average price is $326.20 and its 200-day moving average price is $325.06. LPL Financial Holdings Inc. has a twelve month low of $187.19 and a twelve month high of $384.04. The company has a debt-to-equity ratio of 1.60, a quick ratio of 2.16 and a current ratio of 2.16. The firm has a market cap of $25.34 billion, a price-to-earnings ratio of 22.77, a P/E/G ratio of 0.94 and a beta of 0.64.

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 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.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. JMP Securities cut their price target on LPL Financial from $435.00 to $420.00 and set a "market outperform" rating on the stock in a report on Tuesday, April 8th. Wells Fargo & Company lowered their price target on shares of LPL Financial from $405.00 to $342.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Morgan Stanley increased their target price on LPL Financial from $379.00 to $413.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Barclays dropped their price objective on LPL Financial from $414.00 to $365.00 and set an "overweight" rating on the stock in a report on Monday, April 7th. Finally, UBS Group boosted their target price on LPL Financial from $390.00 to $420.00 and gave the stock a "buy" rating in a research note 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. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $369.83.

Insiders Place Their Bets

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 transaction, the director now directly owns 4,075 shares of the company's stock, valued at $1,490,838.75. This represents a 21.26 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Matthew J. Audette sold 28,777 shares of the firm's stock in a transaction dated Wednesday, February 5th. The shares were 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. In the last 90 days, insiders have sold 34,465 shares of company stock worth $12,562,070. Company insiders own 1.30% of the company's stock.

LPL Financial 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.