LPL Financial Holdings Inc. (NASDAQ:LPLA) Shares Bought by Headlands Technologies LLC

Headlands Technologies LLC raised its stake in LPL Financial Holdings Inc. (NASDAQ:LPLA) by 192.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 4,670 shares of the financial services provider’s stock after buying an additional 3,075 shares during the quarter. Headlands Technologies LLC’s holdings in LPL Financial were worth $1,063,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. SG Americas Securities LLC acquired a new position in shares of LPL Financial during the third quarter worth approximately $1,926,000. Simplicity Solutions LLC boosted its position in shares of LPL Financial by 38.2% during the third quarter. Simplicity Solutions LLC now owns 6,227 shares of the financial services provider’s stock worth $1,480,000 after buying an additional 1,722 shares during the period. Sumitomo Life Insurance Co. boosted its position in shares of LPL Financial by 14.2% during the third quarter. Sumitomo Life Insurance Co. now owns 8,409 shares of the financial services provider’s stock worth $1,998,000 after buying an additional 1,048 shares during the period. Commonwealth Equity Services LLC boosted its position in shares of LPL Financial by 18.9% during the third quarter. Commonwealth Equity Services LLC now owns 3,077 shares of the financial services provider’s stock worth $731,000 after buying an additional 489 shares during the period. Finally, Compagnie Lombard Odier SCmA boosted its position in shares of LPL Financial by 191.5% during the third quarter. Compagnie Lombard Odier SCmA now owns 9,715 shares of the financial services provider’s stock worth $2,309,000 after buying an additional 6,382 shares during the period. 95.66% of the stock is currently owned by institutional investors and hedge funds.

LPL Financial Price Performance

NASDAQ LPLA opened at $266.32 on Friday. The stock has a market capitalization of $19.89 billion, a P/E ratio of 19.51, a P/E/G ratio of 1.29 and a beta of 0.84. LPL Financial Holdings Inc. has a 1 year low of $179.00 and a 1 year high of $274.35. The business’s fifty day moving average is $263.85 and its two-hundred day moving average is $241.86. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.77 and a current ratio of 1.77.

LPL Financial (NASDAQ:LPLA) last posted its quarterly earnings results on Thursday, February 1st. The financial services provider reported $3.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.33 by $0.18. The company had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.55 billion. LPL Financial had a return on equity of 57.68% and a net margin of 10.61%. The firm’s revenue was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.21 earnings per share. On average, research analysts forecast that LPL Financial Holdings Inc. will post 15.55 earnings per share for the current fiscal year.

LPL Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Tuesday, March 12th were issued a $0.30 dividend. The ex-dividend date of this dividend was Monday, March 11th. This represents a $1.20 annualized dividend and a dividend yield of 0.45%. LPL Financial’s dividend payout ratio is currently 8.79%.

Insider Buying and Selling at LPL Financial

In other LPL Financial news, Director Kabir Sethi sold 1,300 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $266.50, for a total value of $346,450.00. Following the transaction, the director now owns 10,245 shares of the company’s stock, valued at $2,730,292.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other LPL Financial news, Director Kabir Sethi sold 1,300 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $266.50, for a total transaction of $346,450.00. Following the sale, the director now directly owns 10,245 shares of the company’s stock, valued at approximately $2,730,292.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Dan H. Arnold sold 10,000 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $256.35, for a total transaction of $2,563,500.00. Following the sale, the chief executive officer now directly owns 137,044 shares in the company, valued at $35,131,229.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 60,151 shares of company stock valued at $15,911,088. Corporate insiders own 1.30% of the company’s stock.

Analyst Upgrades and Downgrades

LPLA has been the subject of several analyst reports. Raymond James initiated coverage on LPL Financial in a research report on Thursday, April 4th. They set an “underperform” rating for the company. Barclays boosted their price objective on LPL Financial from $302.00 to $312.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. JMP Securities upped their target price on LPL Financial from $290.00 to $305.00 and gave the stock a “market outperform” rating in a research report on Tuesday, April 9th. UBS Group upped their target price on LPL Financial from $260.00 to $267.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 14th. Finally, JPMorgan Chase & Co. upped their target price on LPL Financial from $254.00 to $260.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, LPL Financial has a consensus rating of “Hold” and an average price target of $268.36.

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.