Presidio Capital Management LLC Boosts Position in LPL Financial Holdings Inc. $LPLA

Presidio Capital Management LLC raised its holdings in shares of LPL Financial Holdings Inc. (NASDAQ:LPLA) by 96.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,486 shares of the financial services provider’s stock after acquiring an additional 2,200 shares during the period. LPL Financial makes up about 0.5% of Presidio Capital Management LLC’s portfolio, making the stock its 20th biggest position. Presidio Capital Management LLC’s holdings in LPL Financial were worth $1,602,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Osterweis Capital Management Inc. purchased a new position in shares of LPL Financial during the second quarter worth $26,000. SJS Investment Consulting Inc. boosted its holdings in LPL Financial by 912.5% in the third quarter. SJS Investment Consulting Inc. now owns 81 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 73 shares during the last quarter. Chung Wu Investment Group LLC purchased a new stake in LPL Financial in the third quarter valued at $27,000. Eastern Bank grew its position in LPL Financial by 72.0% during the 3rd quarter. Eastern Bank now owns 86 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 36 shares during the period. Finally, Westside Investment Management Inc. purchased a new position in shares of LPL Financial during the 3rd quarter valued at about $34,000. 95.66% of the stock is owned by hedge funds and other institutional investors.

LPL Financial Price Performance

Shares of NASDAQ LPLA opened at $300.18 on Tuesday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 2.45 and a current ratio of 2.45. The firm has a fifty day moving average of $329.09 and a 200 day moving average of $345.04. The firm has a market cap of $24.07 billion, a PE ratio of 27.26, a PEG ratio of 0.66 and a beta of 0.59. LPL Financial Holdings Inc. has a one year low of $262.83 and a one year high of $403.58.

LPL Financial (NASDAQ:LPLA) last posted its quarterly earnings data on Thursday, January 29th. The financial services provider reported $5.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.82 by $0.41. LPL Financial had a net margin of 5.08% and a return on equity of 34.19%. The business had revenue of $4.93 billion for the quarter, compared to the consensus estimate of $4.90 billion. During the same period last year, the firm posted $4.25 earnings per share. The company’s revenue was up 8.4% compared to the same quarter last year. As a group, research analysts predict 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 24th. Investors of record on Tuesday, March 10th were paid a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, March 10th. This represents a $1.20 dividend on an annualized basis and a yield of 0.4%. LPL Financial’s dividend payout ratio (DPR) is currently 10.90%.

Analyst Ratings Changes

LPLA has been the subject of several analyst reports. JPMorgan Chase & Co. boosted their price objective on LPL Financial from $433.00 to $439.00 and gave the company an “overweight” rating in a report on Friday, January 30th. Morgan Stanley dropped their target price on LPL Financial from $462.00 to $447.00 and set an “overweight” rating on the stock in a report on Monday, December 22nd. UBS Group set a $500.00 price target on LPL Financial in a research report on Tuesday, February 3rd. Wolfe Research set a $478.00 price target on LPL Financial in a report on Friday, January 30th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of LPL Financial in a research report on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, LPL Financial currently has a consensus rating of “Moderate Buy” and a consensus price target of $428.71.

Insider Activity at LPL Financial

In related news, Director Marc Eliot Cohen sold 2,212 shares of LPL Financial stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $308.75, for a total value of $682,955.00. Following the sale, the director directly owned 5,488 shares in the company, valued at approximately $1,694,420. The trade was a 28.73% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Matthew J. Audette sold 1,581 shares of the business’s stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $320.50, for a total value of $506,710.50. Following the sale, the chief financial officer owned 21,382 shares of the company’s stock, valued at approximately $6,852,931. This trade represents a 6.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 6,990 shares of company stock valued at $2,201,837. 1.30% of the stock is owned by corporate insiders.

LPL Financial Profile

LPL Financial (NASDAQ: LPLA) is a U.S.-focused financial services firm that provides brokerage, custodial and advisory platforms to independent financial advisors, registered investment advisers and institutions. Operating primarily as an independent broker-dealer and custodian, the company supports a network of advisors with the operational, compliance and clearing infrastructure needed to manage client accounts and deliver investment advice outside of traditional wirehouse models.

The firm’s product and service offerings include trade execution and clearing, custody services, retirement plan services, model portfolio and advisory platforms, wealth management technology, investment research and product access across equities, fixed income, mutual funds, exchange-traded funds and insurance and annuity solutions.