LPL Financial Holdings Inc. (NASDAQ:LPLA) Stock Position Lowered by Thrive Wealth Management LLC

Thrive Wealth Management LLC trimmed its position in shares of LPL Financial Holdings Inc. (NASDAQ:LPLA) by 2.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,236 shares of the financial services provider’s stock after selling 30 shares during the period. Thrive Wealth Management LLC’s holdings in LPL Financial were worth $404,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. LVW Advisors LLC increased its stake in LPL Financial by 2.0% in the 4th quarter. LVW Advisors LLC now owns 4,171 shares of the financial services provider’s stock valued at $1,362,000 after buying an additional 83 shares during the period. Artemis Investment Management LLP grew its holdings in shares of LPL Financial by 18.5% during the 4th quarter. Artemis Investment Management LLP now owns 82,736 shares of the financial services provider’s stock valued at $27,014,000 after acquiring an additional 12,896 shares in the last quarter. HB Wealth Management LLC increased its stake in shares of LPL Financial by 34.0% in the fourth quarter. HB Wealth Management LLC now owns 1,304 shares of the financial services provider’s stock worth $426,000 after acquiring an additional 331 shares during the last quarter. Shelton Wealth Management LLC purchased a new position in LPL Financial in the fourth quarter valued at about $1,085,000. Finally, Integrated Investment Consultants LLC raised its stake in shares of LPL Financial by 3.6% during the 4th quarter. Integrated Investment Consultants LLC now owns 7,465 shares of the financial services provider’s stock worth $2,437,000 after purchasing an additional 262 shares in the last quarter. 95.66% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Aneri Jambusaria sold 305 shares of the company’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $331.94, for a total value of $101,241.70. Following the completion of the sale, the director now directly owns 3,920 shares of the company’s stock, valued at $1,301,204.80. This represents a 7.22 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on LPLA shares. StockNews.com upgraded LPL Financial from a “sell” rating to a “hold” rating in a research note on Saturday, November 9th. Citigroup raised their price objective on shares of LPL Financial from $310.00 to $385.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. The Goldman Sachs Group raised their price target on shares of LPL Financial from $271.00 to $305.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. TD Cowen upgraded shares of LPL Financial from a “hold” rating to a “buy” rating and increased their target price for the company from $277.00 to $413.00 in a research note on Thursday, December 19th. Finally, UBS Group raised LPL Financial from a “neutral” rating to a “buy” rating and set a $390.00 price target for the company in a report on Monday, January 6th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $351.50.

LPL Financial Trading Up 0.8 %

Shares of LPL Financial stock opened at $348.93 on Monday. LPL Financial Holdings Inc. has a 12-month low of $187.19 and a 12-month high of $350.38. The stock has a market capitalization of $26.13 billion, a P/E ratio of 26.24, a price-to-earnings-growth ratio of 1.03 and a beta of 0.87. The company has a 50-day simple moving average of $327.62 and a 200 day simple moving average of $267.75. The company has a quick ratio of 2.16, a current ratio of 2.16 and a debt-to-equity ratio of 1.60.

LPL Financial (NASDAQ:LPLA) last posted its earnings results on Wednesday, October 30th. The financial services provider reported $4.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.69 by $0.47. LPL Financial had a net margin of 8.73% and a return on equity of 49.47%. The company had revenue of $3.11 billion during the quarter, compared to analysts’ expectations of $3.04 billion. During the same quarter in the previous year, the company posted $3.74 earnings per share. LPL Financial’s quarterly revenue was up 6.0% compared to the same quarter last year. Research analysts expect that LPL Financial Holdings Inc. will post 16.07 earnings per share for the current fiscal year.

LPL Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Thursday, November 14th were paid a dividend of $0.30 per share. 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 dividend payout ratio (DPR) is 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.