LPL Financial Holdings Inc. (NASDAQ:LPLA) Shares Bought by Sei Investments Co.

Sei Investments Co. raised its holdings in shares of LPL Financial Holdings Inc. (NASDAQ:LPLA - Free Report) by 32.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 115,732 shares of the financial services provider's stock after purchasing an additional 28,072 shares during the period. Sei Investments Co. owned approximately 0.15% of LPL Financial worth $37,789,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Brooklyn Investment Group bought a new position in LPL Financial during the third quarter valued at approximately $43,000. Jones Financial Companies Lllp lifted its holdings in shares of LPL Financial by 45.3% during the 4th quarter. Jones Financial Companies Lllp now owns 138 shares of the financial services provider's stock valued at $45,000 after buying an additional 43 shares during the period. Atala Financial Inc purchased a new position in shares of LPL Financial in the 4th quarter worth $59,000. Compass Financial Services Inc bought a new stake in shares of LPL Financial in the fourth quarter worth $65,000. Finally, R Squared Ltd purchased a new position in LPL Financial in the fourth quarter worth about $78,000. Institutional investors own 95.66% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. 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 downgraded LPL Financial from a "hold" rating to a "sell" rating in a research note on Wednesday. Citigroup increased their price objective on shares of LPL Financial from $310.00 to $385.00 and gave the stock a "buy" rating in a research note on Friday, January 10th. Wells Fargo & Company upped their target price on shares of LPL Financial from $390.00 to $405.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $435.00 price objective on shares of LPL Financial in a research note on Friday, January 31st. Two research analysts have rated the stock with a sell rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $379.17.

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Insider Transactions at LPL Financial

In other LPL Financial news, CFO Matthew J. Audette sold 4,588 shares of LPL Financial stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $360.07, for a total transaction of $1,652,001.16. Following the completion of the sale, the chief financial officer now directly owns 16,538 shares of the company's stock, valued at $5,954,837.66. The trade was a 21.72 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 value of $402,435.00. Following the transaction, the director now owns 4,075 shares in the company, valued at approximately $1,490,838.75. This represents a 21.26 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 34,465 shares of company stock worth $12,562,070. Insiders own 1.30% of the company's stock.

LPL Financial Trading Down 0.9 %

Shares of LPL Financial stock traded down $3.14 on Wednesday, reaching $339.41. The company had a trading volume of 200,711 shares, compared to its average volume of 763,545. The firm's 50-day moving average price is $352.40 and its two-hundred day moving average price is $309.86. LPL Financial Holdings Inc. has a 1 year low of $187.19 and a 1 year high of $384.04. The firm has a market cap of $25.35 billion, a price-to-earnings ratio of 24.17, a P/E/G ratio of 0.94 and a beta of 0.82. The company has a debt-to-equity ratio of 1.60, a current ratio of 2.16 and a quick ratio of 2.16.

LPL Financial (NASDAQ:LPLA - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The financial services provider reported $4.25 EPS for the quarter, topping 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%. As a group, research analysts predict 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 announced a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th were given a dividend of $0.30 per share. The ex-dividend date was Tuesday, March 11th. This represents a $1.20 annualized dividend and a dividend yield of 0.35%. 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.