Spahn Wealth & Retirement LLC Makes New $457,000 Investment in LPL Financial Holdings Inc. (NASDAQ:LPLA)

Spahn Wealth & Retirement LLC purchased a new position in shares of LPL Financial Holdings Inc. (NASDAQ:LPLA - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,400 shares of the financial services provider's stock, valued at approximately $457,000. LPL Financial accounts for about 0.3% of Spahn Wealth & Retirement LLC's holdings, making the stock its 25th largest position.

Other large investors also recently modified their holdings of the company. Wealth Alliance grew its stake in LPL Financial by 2.1% during the 4th quarter. Wealth Alliance now owns 1,483 shares of the financial services provider's stock valued at $484,000 after purchasing an additional 30 shares in the last quarter. Sanchez Wealth Management Group raised its holdings in LPL Financial by 2.1% in the fourth quarter. Sanchez Wealth Management Group now owns 1,686 shares of the financial services provider's stock valued at $551,000 after acquiring an additional 35 shares in the last quarter. Mather Group LLC. grew its holdings in LPL Financial by 4.1% during the 4th quarter. Mather Group LLC. now owns 916 shares of the financial services provider's stock worth $299,000 after acquiring an additional 36 shares in the last quarter. Tyler Stone Wealth Management increased its position in shares of LPL Financial by 3.7% in the 4th quarter. Tyler Stone Wealth Management now owns 1,076 shares of the financial services provider's stock worth $351,000 after purchasing an additional 38 shares during the last quarter. Finally, Signaturefd LLC raised its stake in shares of LPL Financial by 3.1% in the 4th quarter. Signaturefd LLC now owns 1,352 shares of the financial services provider's stock valued at $441,000 after purchasing an additional 41 shares in the last quarter. 95.66% of the stock is currently owned by institutional investors and hedge funds.

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Insider Activity

In other LPL Financial news, Director Marc Eliot Cohen sold 1,100 shares of the business's stock in a transaction dated Wednesday, February 26th. The stock was 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 $1,490,838.75. The trade was a 21.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Matthew J. Audette sold 28,777 shares of the firm's stock in a transaction that occurred on 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 transaction, the chief financial officer now directly owns 13,663 shares in the company, valued at approximately $4,988,907.82. The trade was a 67.81 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 34,465 shares of company stock worth $12,562,070. 1.30% of the stock is owned by corporate insiders.

LPL Financial Trading Up 2.1 %

LPLA stock traded up $6.07 during mid-day trading on Tuesday, reaching $293.93. 287,972 shares of the stock traded hands, compared to its average volume of 804,962. LPL Financial Holdings Inc. has a 52-week low of $187.19 and a 52-week high of $384.04. The stock's fifty day moving average is $347.04 and its 200-day moving average is $316.90. The company has a market cap of $21.92 billion, a P/E ratio of 20.99, a P/E/G ratio of 0.94 and a beta of 0.64. 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 results on Thursday, January 30th. The financial services provider reported $4.25 EPS 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%. As a group, sell-side analysts expect that LPL Financial Holdings Inc. will post 19.35 earnings per share for the current 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 $0.30 dividend. The ex-dividend date was Tuesday, March 11th. This represents a $1.20 annualized dividend and a dividend yield of 0.41%. LPL Financial's dividend payout ratio (DPR) is presently 8.55%.

Analysts Set New Price Targets

Several analysts have issued reports on the company. JMP Securities restated a "market outperform" rating and set a $435.00 price objective on shares of LPL Financial in a research note on Friday, January 31st. Morgan Stanley boosted their target price on shares of LPL Financial from $379.00 to $413.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. StockNews.com downgraded shares of LPL Financial from a "hold" rating to a "sell" rating in a research report on Wednesday, March 26th. UBS Group lifted their target price on LPL Financial from $390.00 to $420.00 and gave the company a "buy" rating in a research note on Friday, January 31st. Finally, JPMorgan Chase & Co. raised their price target on LPL Financial from $397.00 to $405.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating and twelve have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $376.33.

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.