1,006 Shares in LPL Financial Holdings Inc. (NASDAQ:LPLA) Acquired by denkapparat Operations GmbH

denkapparat Operations GmbH purchased a new position in shares of LPL Financial Holdings Inc. (NASDAQ:LPLA) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 1,006 shares of the financial services provider’s stock, valued at approximately $328,000.

A number of other large investors have also recently modified their holdings of the business. Graney & King LLC acquired a new stake in LPL Financial in the fourth quarter valued at about $30,000. Brooklyn Investment Group acquired a new stake in shares of LPL Financial in the 3rd quarter valued at approximately $43,000. Jones Financial Companies Lllp grew its holdings in shares of LPL Financial by 45.3% during the 4th quarter. Jones Financial Companies Lllp now owns 138 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 43 shares during the last quarter. Atala Financial Inc acquired a new position in LPL Financial during the 4th quarter worth approximately $59,000. Finally, Compass Financial Services Inc bought a new position in LPL Financial in the 4th quarter valued at approximately $65,000. Institutional investors and hedge funds own 95.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on LPLA. StockNews.com cut LPL Financial from a “hold” rating to a “sell” rating in a research note on Wednesday. Morgan Stanley lifted their price target on LPL Financial from $379.00 to $413.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Citigroup upped 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. Barclays lifted their target price on shares of LPL Financial from $389.00 to $414.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. upped their price target on shares of LPL Financial from $397.00 to $405.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Two equities research 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 has a consensus rating of “Moderate Buy” and an average target price of $379.17.

Insider Buying and Selling

In other LPL Financial news, CFO Matthew J. Audette sold 4,588 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $360.07, for a total transaction of $1,652,001.16. Following the completion of the sale, the chief financial officer now directly owns 16,538 shares of the company’s stock, valued at approximately $5,954,837.66. The trade was a 21.72 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Marc Eliot Cohen sold 1,100 shares of the firm’s stock in a transaction that occurred on 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 transaction, the director now owns 4,075 shares in the company, valued at $1,490,838.75. This represents a 21.26 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 34,465 shares of company stock valued at $12,562,070. 1.30% of the stock is owned by company insiders.

LPL Financial Trading Down 1.8 %

Shares of LPLA stock opened at $333.19 on Friday. The company has a market cap of $24.88 billion, a P/E ratio of 23.73, a PEG ratio of 0.94 and a beta of 0.82. LPL Financial Holdings Inc. has a fifty-two week low of $187.19 and a fifty-two week high of $384.04. The stock has a 50 day simple moving average of $352.16 and a two-hundred day simple moving average of $310.23. The company has a debt-to-equity ratio of 1.60, a quick ratio of 2.16 and a current ratio of 2.16.

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

LPL Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.36%. The ex-dividend date of this dividend was Tuesday, March 11th. LPL Financial’s payout ratio is 8.55%.

LPL Financial 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.