Retireful LLC Invests $1.46 Million in LPL Financial Holdings Inc. (NASDAQ:LPLA)

Retireful LLC purchased a new stake in shares of LPL Financial Holdings Inc. (NASDAQ:LPLA - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 4,460 shares of the financial services provider's stock, valued at approximately $1,456,000.

A number of other hedge funds have also made changes to their positions in LPLA. Ashton Thomas Securities LLC acquired a new stake in LPL Financial in the 3rd quarter valued at $31,000. Paladin Wealth LLC purchased a new stake in shares of LPL Financial in the third quarter worth about $34,000. Brooklyn Investment Group purchased a new stake in shares of LPL Financial during the 3rd quarter valued at about $43,000. First Horizon Advisors Inc. raised its holdings in shares of LPL Financial by 32.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 385 shares of the financial services provider's stock valued at $90,000 after buying an additional 94 shares during the period. Finally, Quarry LP lifted its position in LPL Financial by 45.3% during the 2nd quarter. Quarry LP now owns 327 shares of the financial services provider's stock worth $91,000 after acquiring an additional 102 shares in the last quarter. Hedge funds and other institutional investors own 95.66% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on LPLA. Wells Fargo & Company lifted their price objective on shares of LPL Financial from $310.00 to $390.00 and gave the company an "overweight" rating in a research note on Thursday, December 12th. JMP Securities reaffirmed a "market outperform" rating and set a $310.00 price target on shares of LPL Financial in a research note on Wednesday, October 9th. StockNews.com upgraded LPL Financial from a "sell" rating to a "hold" rating in a research note on Saturday, November 9th. UBS Group raised LPL Financial from a "neutral" rating to a "buy" rating and set a $390.00 price target for the company in a report on Monday, January 6th. Finally, TD Cowen upgraded LPL Financial from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $277.00 to $413.00 in a report on Thursday, December 19th. One 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. According to data from MarketBeat, LPL Financial currently has an average rating of "Moderate Buy" and an average target price of $351.50.

LPL Financial Stock Performance

LPLA stock traded up $2.72 during trading on Friday, hitting $348.93. 445,040 shares of the company's stock traded hands, compared to its average volume of 521,765. The stock has a fifty day moving average price of $326.88 and a two-hundred day moving average price of $267.46. The company has a quick ratio of 2.16, a current ratio of 2.16 and a debt-to-equity ratio of 1.60. LPL Financial Holdings Inc. has a 52 week low of $187.19 and a 52 week high of $350.38. The stock has a market capitalization of $26.13 billion, a price-to-earnings ratio of 26.24, a price-to-earnings-growth ratio of 1.03 and a beta of 0.87.

LPL Financial (NASDAQ:LPLA - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $4.16 earnings per share for the quarter, topping the consensus estimate of $3.69 by $0.47. LPL Financial had a net margin of 8.73% and a return on equity of 49.47%. The firm had revenue of $3.11 billion for the quarter, compared to analyst estimates of $3.04 billion. During the same quarter in the prior year, the business earned $3.74 earnings per share. LPL Financial's quarterly revenue was up 6.0% on a year-over-year basis. As a group, equities analysts anticipate that LPL Financial Holdings Inc. will post 16.07 EPS for the current fiscal year.

LPL Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Thursday, November 14th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a yield of 0.34%. LPL Financial's dividend payout ratio is currently 9.02%.

Insider Buying and Selling

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 completion of the transaction, the director now directly owns 3,920 shares of the company's stock, 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 SEC, which is available at this hyperlink. 1.00% of the stock is owned by company insiders.

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.