Tredje AP fonden Has $1.94 Million Stock Position in LPL Financial Holdings Inc. (NASDAQ:LPLA)

Tredje AP fonden trimmed its position in LPL Financial Holdings Inc. (NASDAQ:LPLA - Free Report) by 50.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,945 shares of the financial services provider's stock after selling 5,944 shares during the quarter. Tredje AP fonden's holdings in LPL Financial were worth $1,941,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its position in shares of LPL Financial by 15.7% during 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 during the period. Los Angeles Capital Management LLC bought a new stake in shares of LPL Financial during the 3rd quarter valued at $305,000. Ashton Thomas Securities LLC bought a new stake in shares of LPL Financial during the 3rd quarter valued at $31,000. GSA Capital Partners LLP lifted its position in shares of LPL Financial by 116.9% during the 3rd quarter. GSA Capital Partners LLP now owns 2,978 shares of the financial services provider's stock valued at $693,000 after acquiring an additional 1,605 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. lifted its position in shares of LPL Financial by 2.7% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 175,199 shares of the financial services provider's stock valued at $40,757,000 after acquiring an additional 4,572 shares during the period. 95.66% of the stock is owned by institutional investors and hedge funds.

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Insider Activity

In related news, CFO Matthew J. Audette sold 4,588 shares of the firm's stock in a transaction that occurred 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 owns 16,538 shares of the company's stock, valued at $5,954,837.66. This trade represents a 21.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Marc Eliot Cohen sold 1,100 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $365.85, for a total value of $402,435.00. Following the sale, 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 34,465 shares of company stock valued at $12,562,070. Company insiders own 1.30% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on LPLA. Wells Fargo & Company upped their target price on LPL Financial from $390.00 to $405.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. Morgan Stanley upped their target price on LPL Financial from $379.00 to $413.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Barclays upped their price objective on LPL Financial from $389.00 to $414.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. Citigroup upped their price objective on LPL Financial from $310.00 to $385.00 and gave the stock a "buy" rating in a research report on Friday, January 10th. Finally, Keefe, Bruyette & Woods upped their price objective on LPL Financial from $390.00 to $405.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat.com, LPL Financial currently has an average rating of "Moderate Buy" and a consensus price target of $379.17.

LPL Financial Trading Up 1.8 %

LPL Financial stock traded up $5.91 during trading hours on Wednesday, hitting $332.21. The stock had a trading volume of 769,633 shares, compared to its average volume of 740,833. The company has a quick ratio of 2.16, a current ratio of 2.16 and a debt-to-equity ratio of 1.60. The stock has a market cap of $24.81 billion, a price-to-earnings ratio of 23.66, a P/E/G ratio of 0.94 and a beta of 0.82. LPL Financial Holdings Inc. has a one year low of $187.19 and a one year high of $384.04. The business's 50 day simple moving average is $352.00 and its 200-day simple moving average is $305.72.

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, beating 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%. On average, equities analysts predict that LPL Financial Holdings Inc. will post 19.35 EPS 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. Stockholders of record on Tuesday, March 11th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $1.20 annualized dividend and a dividend yield of 0.36%. LPL Financial's payout ratio 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.