LPL Financial Holdings Inc. $LPLA Shares Sold by Logan Capital Management Inc.

Logan Capital Management Inc. trimmed its stake in LPL Financial Holdings Inc. (NASDAQ:LPLA) by 14.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 34,545 shares of the financial services provider’s stock after selling 5,731 shares during the quarter. Logan Capital Management Inc.’s holdings in LPL Financial were worth $12,953,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the stock. GAMMA Investing LLC increased its stake in LPL Financial by 33.3% during the first quarter. GAMMA Investing LLC now owns 476 shares of the financial services provider’s stock worth $156,000 after acquiring an additional 119 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of LPL Financial by 8.8% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 1,609 shares of the financial services provider’s stock valued at $527,000 after acquiring an additional 130 shares during the period. Bessemer Group Inc. lifted its holdings in shares of LPL Financial by 38.9% during the 1st quarter. Bessemer Group Inc. now owns 2,619 shares of the financial services provider’s stock valued at $856,000 after acquiring an additional 733 shares in the last quarter. Sequoia Financial Advisors LLC boosted its position in LPL Financial by 7.1% during the 1st quarter. Sequoia Financial Advisors LLC now owns 1,331 shares of the financial services provider’s stock worth $436,000 after purchasing an additional 88 shares during the period. Finally, Robeco Institutional Asset Management B.V. increased its holdings in LPL Financial by 5.0% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 8,326 shares of the financial services provider’s stock valued at $2,724,000 after purchasing an additional 397 shares in the last quarter. Hedge funds and other institutional investors own 95.66% of the company’s stock.

LPL Financial Price Performance

Shares of LPLA stock opened at $343.43 on Tuesday. The firm has a fifty day moving average of $340.33 and a two-hundred day moving average of $355.12. The firm has a market cap of $27.47 billion, a P/E ratio of 23.49, a P/E/G ratio of 0.80 and a beta of 0.61. LPL Financial Holdings Inc. has a 1-year low of $259.86 and a 1-year high of $403.58. The company has a debt-to-equity ratio of 1.41, a current ratio of 3.22 and a quick ratio of 3.22.

LPL Financial (NASDAQ:LPLA) last issued its earnings results on Thursday, July 31st. The financial services provider reported $4.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.21 by $0.30. The business had revenue of $3.84 billion for the quarter, compared to analyst estimates of $3.77 billion. LPL Financial had a net margin of 7.91% and a return on equity of 39.80%. The company’s revenue for the quarter was up 30.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.88 EPS. As a group, research analysts anticipate that LPL Financial Holdings Inc. will post 19.35 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Greg Gates sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $338.21, for a total transaction of $507,315.00. Following the sale, the director directly owned 17,620 shares of the company’s stock, valued at approximately $5,959,260.20. This represents a 7.85% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Aneri Jambusaria sold 80 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $361.25, for a total value of $28,900.00. Following the transaction, the director owned 5,582 shares in the company, valued at $2,016,497.50. This trade represents a 1.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,830 shares of company stock worth $1,333,105. 0.70% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

LPLA has been the subject of several analyst reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of LPL Financial in a research report on Wednesday, October 8th. TD Cowen cut LPL Financial from a “strong-buy” rating to a “hold” rating and decreased their price target for the stock from $406.00 to $403.00 in a report on Wednesday, July 9th. UBS Group set a $455.00 price objective on shares of LPL Financial in a research note on Thursday, October 9th. Rothschild & Co Redburn cut shares of LPL Financial from a “buy” rating to a “neutral” rating and set a $390.00 target price on the stock. in a research report on Friday, September 19th. Finally, Morgan Stanley lowered their price target on shares of LPL Financial from $490.00 to $462.00 and set an “overweight” rating for the company in a report on Wednesday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, LPL Financial currently has a consensus rating of “Moderate Buy” and a consensus price target of $398.38.

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.