Avior Wealth Management LLC Has $809,000 Stock Position in LPL Financial Holdings Inc. (NASDAQ:LPLA)

Avior Wealth Management LLC lifted its stake in LPL Financial Holdings Inc. (NASDAQ:LPLA) by 2.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,479 shares of the financial services provider’s stock after purchasing an additional 63 shares during the quarter. Avior Wealth Management LLC’s holdings in LPL Financial were worth $809,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of LPLA. Ashton Thomas Securities LLC purchased a new stake in LPL Financial in the 3rd quarter worth about $31,000. Paladin Wealth LLC purchased a new stake in shares of LPL Financial during the 3rd quarter worth about $34,000. Brooklyn Investment Group purchased a new stake in shares of LPL Financial during the 3rd quarter worth about $43,000. Quarry LP raised its stake in shares of LPL Financial by 45.3% during the 2nd quarter. Quarry LP now owns 327 shares of the financial services provider’s stock worth $91,000 after purchasing an additional 102 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of LPL Financial by 71.6% during the 4th quarter. GAMMA Investing LLC now owns 357 shares of the financial services provider’s stock worth $117,000 after purchasing an additional 149 shares in the last quarter. Institutional investors and hedge funds own 95.66% of the company’s stock.

LPL Financial Stock Performance

LPLA opened at $360.29 on Friday. The firm has a market capitalization of $26.98 billion, a P/E ratio of 27.09, a price-to-earnings-growth ratio of 1.09 and a beta of 0.87. The stock’s 50 day moving average price is $331.55 and its two-hundred day moving average price is $270.61. 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 Holdings Inc. has a 12-month low of $187.19 and a 12-month high of $361.63.

LPL Financial (NASDAQ:LPLA) last announced its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $4.16 earnings per share for the quarter, topping the consensus estimate of $3.69 by $0.47. The company had revenue of $3.11 billion for the quarter, compared to analyst estimates of $3.04 billion. LPL Financial had a return on equity of 49.47% and a net margin of 8.73%. LPL Financial’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter last year, the firm earned $3.74 EPS. On average, equities analysts forecast that LPL Financial Holdings Inc. will post 16.17 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on LPLA. Keefe, Bruyette & Woods raised their price target on LPL Financial from $325.00 to $390.00 and gave the stock an “outperform” rating in a research note on Friday, December 20th. StockNews.com raised LPL Financial from a “sell” rating to a “hold” rating in a research note on Saturday, November 9th. Barclays raised their price objective on LPL Financial from $378.00 to $379.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. JPMorgan Chase & Co. raised LPL Financial from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $288.00 to $397.00 in a research note on Tuesday, January 7th. Finally, Jefferies Financial Group cut their price objective on LPL Financial from $309.00 to $282.00 and set a “buy” rating on the stock in a research note on Friday, October 4th. One 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 company presently has an average rating of “Moderate Buy” and a consensus target price of $351.50.

Insider Buying and Selling

In related news, Director Aneri Jambusaria sold 305 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $331.94, for a total transaction of $101,241.70. Following the completion of the transaction, the director now owns 3,920 shares in the company, valued at $1,301,204.80. This trade represents a 7.22 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.30% of the stock is owned by corporate insiders.

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.