One Wealth Advisors LLC Makes New Investment in LPL Financial Holdings Inc. (NASDAQ:LPLA)

One Wealth Advisors LLC purchased a new position in shares of LPL Financial Holdings Inc. (NASDAQ:LPLA) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,015 shares of the financial services provider’s stock, valued at approximately $331,000.

A number of other hedge funds have also modified their holdings of the business. Bridges Investment Management Inc. boosted its holdings in LPL Financial by 3.2% during the 3rd quarter. Bridges Investment Management Inc. now owns 1,185 shares of the financial services provider’s stock valued at $276,000 after acquiring an additional 37 shares during the period. Avior Wealth Management LLC boosted its holdings in LPL Financial by 1.8% during the 3rd quarter. Avior Wealth Management LLC now owns 2,416 shares of the financial services provider’s stock valued at $562,000 after acquiring an additional 42 shares during the period. MFA Wealth Advisors LLC boosted its holdings in LPL Financial by 3.9% during the 3rd quarter. MFA Wealth Advisors LLC now owns 1,148 shares of the financial services provider’s stock valued at $267,000 after acquiring an additional 43 shares during the period. Integrated Wealth Concepts LLC boosted its holdings in LPL Financial by 1.1% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 4,107 shares of the financial services provider’s stock valued at $956,000 after acquiring an additional 44 shares during the period. Finally, Metis Global Partners LLC boosted its holdings in LPL Financial by 5.1% during the 3rd quarter. Metis Global Partners LLC now owns 945 shares of the financial services provider’s stock valued at $220,000 after acquiring an additional 46 shares during the period. 95.66% of the stock is currently owned by hedge funds and other institutional investors.

LPL Financial Trading Down 0.7 %

LPLA opened at $364.15 on Tuesday. The firm has a market cap of $27.27 billion, a price-to-earnings ratio of 25.94, a price-to-earnings-growth ratio of 1.13 and a beta of 0.87. LPL Financial Holdings Inc. has a 52 week low of $187.19 and a 52 week high of $375.74. The business’s 50 day moving average is $336.44 and its two-hundred day moving average is $275.42. 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 announced its earnings results on Thursday, January 30th. The financial services provider reported $4.25 earnings per share for the quarter, beating the consensus estimate of $4.01 by $0.24. LPL Financial had a return on equity of 49.41% and a net margin of 8.55%. On average, research analysts predict that LPL Financial Holdings Inc. will post 19.4 EPS for the current year.

LPL Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th will be paid a $0.30 dividend. The ex-dividend date is Tuesday, March 11th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.33%. LPL Financial’s dividend payout ratio (DPR) is presently 8.55%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Barclays lifted their price objective on LPL Financial from $389.00 to $414.00 and gave the company an “overweight” rating in a research note on Friday. Keefe, Bruyette & Woods lifted their price objective on LPL Financial from $390.00 to $405.00 and gave the company an “outperform” rating in a research note on Friday. Citigroup lifted their price objective on LPL Financial from $310.00 to $385.00 and gave the company a “buy” rating in a research note on Friday, January 10th. JPMorgan Chase & Co. raised their target price on LPL Financial from $397.00 to $405.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, TD Cowen raised LPL Financial from a “hold” rating to a “buy” rating and raised their target price for the stock from $277.00 to $413.00 in a research report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $370.50.

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 stock was sold at an average price of $331.94, for a total value of $101,241.70. Following the sale, the director now directly owns 3,920 shares in the company, valued at $1,301,204.80. The trade was a 7.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.00% of the company’s stock.

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.