LPL Financial Holdings Inc. (NASDAQ:LPLA) Shares Sold by Clarkston Capital Partners LLC

Clarkston Capital Partners LLC cut its stake in shares of LPL Financial Holdings Inc. (NASDAQ:LPLA) by 10.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 872,283 shares of the financial services provider’s stock after selling 104,747 shares during the quarter. LPL Financial makes up approximately 5.5% of Clarkston Capital Partners LLC’s portfolio, making the stock its 4th biggest position. Clarkston Capital Partners LLC owned 1.16% of LPL Financial worth $284,809,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in LPLA. Graney & King LLC acquired a new position in shares of LPL Financial in the fourth quarter worth approximately $30,000. Jones Financial Companies Lllp lifted its position in shares of LPL Financial by 45.3% in the 4th quarter. Jones Financial Companies Lllp now owns 138 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 43 shares during the period. Atala Financial Inc acquired a new position in shares of LPL Financial in the 4th quarter worth approximately $59,000. Compass Financial Services Inc bought a new stake in shares of LPL Financial in the 4th quarter valued at $65,000. Finally, R Squared Ltd acquired a new stake in shares of LPL Financial during the fourth quarter worth $78,000. Institutional investors own 95.66% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on LPLA shares. JMP Securities restated a “market outperform” rating and issued a $435.00 target price on shares of LPL Financial in a report on Friday, January 31st. 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 note on Friday, January 31st. Keefe, Bruyette & Woods lifted their target price on LPL Financial from $390.00 to $405.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Morgan Stanley increased their price target on LPL Financial from $379.00 to $413.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Finally, Wells Fargo & Company lifted their price objective on shares of LPL Financial from $390.00 to $405.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, LPL Financial has an average rating of “Moderate Buy” and an average target price of $380.42.

Insider Buying and Selling at LPL Financial

In other news, Director Marc Eliot Cohen sold 1,100 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The stock was 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 directly owns 4,075 shares of the company’s stock, valued at $1,490,838.75. This represents a 21.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Matthew J. Audette sold 28,777 shares of LPL Financial stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $365.14, for a total value of $10,507,633.78. Following the sale, the chief financial officer now owns 13,663 shares in the company, valued at $4,988,907.82. This trade represents a 67.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 34,465 shares of company stock worth $12,562,070. Corporate insiders own 1.30% of the company’s stock.

LPL Financial Trading Down 9.4 %

NASDAQ:LPLA opened at $283.31 on Friday. The company has a debt-to-equity ratio of 1.60, a current ratio of 2.16 and a quick ratio of 2.16. LPL Financial Holdings Inc. has a one year low of $187.19 and a one year high of $384.04. The company has a market cap of $21.13 billion, a PE ratio of 20.18, a PEG ratio of 0.94 and a beta of 0.64. The firm has a 50-day moving average of $348.34 and a 200-day moving average of $315.70.

LPL Financial (NASDAQ:LPLA) last issued its quarterly earnings data on Thursday, January 30th. The financial services provider reported $4.25 EPS for the quarter, topping analysts’ consensus estimates of $4.01 by $0.24. LPL Financial had a return on equity of 49.41% and a net margin of 8.55%. As a group, equities research analysts expect that LPL Financial Holdings Inc. will post 19.35 EPS for the current fiscal year.

LPL Financial Announces Dividend

The business also recently declared 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 0.42%. The ex-dividend date was Tuesday, March 11th. LPL Financial’s payout ratio is currently 8.55%.

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.