UMB Bank n.a. Has $4.85 Million Holdings in LPL Financial Holdings Inc. (NASDAQ:LPLA)

UMB Bank n.a. grew its position in LPL Financial Holdings Inc. (NASDAQ:LPLA - Free Report) by 9,865.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,848 shares of the financial services provider's stock after purchasing an additional 14,699 shares during the period. UMB Bank n.a.'s holdings in LPL Financial were worth $4,848,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. JMP Securities reissued a "market outperform" rating and issued a $310.00 price objective on shares of LPL Financial in a research report on Wednesday, October 9th. StockNews.com upgraded shares of LPL Financial from a "sell" rating to a "hold" rating in a research note on Saturday, November 9th. Wells Fargo & Company lifted their target price on LPL Financial from $310.00 to $390.00 and gave the company an "overweight" rating in a research report on Thursday, December 12th. Citigroup increased their price target on LPL Financial from $310.00 to $385.00 and gave the company a "buy" rating in a research report on Friday, January 10th. Finally, Barclays upped their price target on shares of LPL Financial from $378.00 to $379.00 and gave the stock an "overweight" rating in a research report on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $351.50.

Insider Activity at LPL Financial

In related news, Director Aneri Jambusaria sold 305 shares of LPL Financial stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $331.94, for a total value of $101,241.70. Following the transaction, the director now directly owns 3,920 shares of the company's stock, valued at $1,301,204.80. This trade represents a 7.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.00% of the stock is owned by insiders.

LPL Financial Stock Performance

LPL Financial stock traded up $1.47 during midday trading on Tuesday, hitting $350.40. The company's stock had a trading volume of 599,305 shares, compared to its average volume of 528,714. The company has a 50-day moving average price of $328.90 and a two-hundred day moving average price of $268.76. LPL Financial Holdings Inc. has a 1-year low of $187.19 and a 1-year high of $354.13. The company has a market cap of $26.24 billion, a price-to-earnings ratio of 26.35, a PEG ratio of 1.07 and a beta of 0.87. 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 Wednesday, October 30th. The financial services provider reported $4.16 earnings per share for the quarter, beating analysts' consensus estimates of $3.69 by $0.47. The company had revenue of $3.11 billion during the quarter, compared to the consensus estimate of $3.04 billion. LPL Financial had a net margin of 8.73% and a return on equity of 49.47%. The firm's quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the business earned $3.74 earnings per share. As a group, sell-side analysts predict that LPL Financial Holdings Inc. will post 16.12 earnings per share for the current year.

LPL Financial Dividend Announcement

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

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.