Xponance Inc. Increases Position in LPL Financial Holdings Inc. (NASDAQ:LPLA)

Xponance Inc. grew its position in shares of LPL Financial Holdings Inc. (NASDAQ:LPLA - Free Report) by 10.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,429 shares of the financial services provider's stock after buying an additional 1,363 shares during the quarter. Xponance Inc.'s holdings in LPL Financial were worth $4,711,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of LPLA. Boston Partners grew its position in LPL Financial by 26.0% during the fourth quarter. Boston Partners now owns 3,905,541 shares of the financial services provider's stock valued at $1,278,454,000 after buying an additional 805,637 shares during the period. FMR LLC grew its position in shares of LPL Financial by 24.4% during the 3rd quarter. FMR LLC now owns 3,322,571 shares of the financial services provider's stock valued at $772,930,000 after acquiring an additional 650,675 shares during the period. Geode Capital Management LLC increased its stake in shares of LPL Financial by 2.6% in the 3rd quarter. Geode Capital Management LLC now owns 1,436,831 shares of the financial services provider's stock worth $333,581,000 after purchasing an additional 36,474 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in LPL Financial by 27.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,275,136 shares of the financial services provider's stock worth $296,635,000 after purchasing an additional 276,166 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in LPL Financial during the fourth quarter valued at $295,982,000. 95.66% of the stock is currently owned by hedge funds and other institutional investors.

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LPL Financial Trading Up 0.2 %

Shares of LPLA traded up $0.80 during mid-day trading on Tuesday, reaching $342.54. 385,133 shares of the company's stock traded hands, compared to its average volume of 743,231. LPL Financial Holdings Inc. has a 12 month low of $187.19 and a 12 month high of $384.04. The company has a debt-to-equity ratio of 1.60, a current ratio of 2.16 and a quick ratio of 2.16. The stock has a market cap of $25.58 billion, a P/E ratio of 24.40, a P/E/G ratio of 0.94 and a beta of 0.82. The stock's 50-day moving average is $352.24 and its two-hundred day moving average is $308.94.

LPL Financial (NASDAQ:LPLA - Get Free Report) last released its earnings results on Thursday, January 30th. The financial services provider reported $4.25 earnings per share for the quarter, topping analysts' consensus estimates of $4.01 by $0.24. LPL Financial had a return on equity of 49.41% and a net margin of 8.55%. Research analysts forecast that LPL Financial Holdings Inc. will post 19.35 earnings per share for the current fiscal year.

LPL Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $1.20 dividend on an annualized basis and a yield of 0.35%. LPL Financial's payout ratio is 8.55%.

Insider Buying and Selling at LPL Financial

In other news, CFO Matthew J. Audette sold 28,777 shares of the stock in a transaction on Wednesday, February 5th. The stock was 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 owns 13,663 shares of the company's stock, valued at approximately $4,988,907.82. This represents a 67.81 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Marc Eliot Cohen sold 1,100 shares of LPL Financial stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $365.85, for a total value of $402,435.00. Following the completion of the sale, the director now owns 4,075 shares of the company's stock, valued at $1,490,838.75. The trade was a 21.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 34,465 shares of company stock valued at $12,562,070 in the last three months. Company insiders own 1.30% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on LPLA shares. JPMorgan Chase & Co. lifted their price objective on LPL Financial from $397.00 to $405.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. JMP Securities reaffirmed a "market outperform" rating and set a $435.00 target price on shares of LPL Financial in a research note on Friday, January 31st. Citigroup lifted their price objective on LPL Financial from $310.00 to $385.00 and gave the stock a "buy" rating in a research note on Friday, January 10th. StockNews.com downgraded shares of LPL Financial from a "hold" rating to a "sell" rating in a research note on Monday, March 17th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of LPL Financial from $390.00 to $405.00 and gave the stock an "outperform" rating in a research note on Friday, January 31st. Two analysts have rated the stock with a sell rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $379.17.

About LPL Financial

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.