LPL Financial Holdings Inc. $LPLA Shares Acquired by Trillium Asset Management LLC

Trillium Asset Management LLC lifted its position in LPL Financial Holdings Inc. (NASDAQ:LPLA) by 17.3% in the 4th quarter, Holdings Channel reports. The fund owned 74,280 shares of the financial services provider’s stock after buying an additional 10,945 shares during the period. Trillium Asset Management LLC’s holdings in LPL Financial were worth $26,817,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Osterweis Capital Management Inc. purchased a new stake in shares of LPL Financial in the 2nd quarter valued at approximately $26,000. Clearstead Advisors LLC lifted its position in shares of LPL Financial by 3,650.0% in the 4th quarter. Clearstead Advisors LLC now owns 75 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 73 shares in the last quarter. Steigerwald Gordon & Koch Inc. lifted its position in shares of LPL Financial by 550.0% in the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 78 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 66 shares in the last quarter. Core Wealth Advisors LLC purchased a new stake in shares of LPL Financial in the 4th quarter valued at approximately $36,000. Finally, Graney & King LLC lifted its position in shares of LPL Financial by 49.5% in the 2nd quarter. Graney & King LLC now owns 139 shares of the financial services provider’s stock valued at $52,000 after acquiring an additional 46 shares in the last quarter. Hedge funds and other institutional investors own 95.66% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. JPMorgan Chase & Co. reduced their price target on shares of LPL Financial from $396.00 to $390.00 and set an “overweight” rating for the company in a research report on Friday, May 1st. TD Cowen reduced their price target on shares of LPL Financial from $330.00 to $326.00 and set a “hold” rating for the company in a research report on Friday, May 1st. UBS Group upped their price target on shares of LPL Financial from $380.00 to $395.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Weiss Ratings restated a “hold (c)” rating on shares of LPL Financial in a research report on Monday, April 27th. Finally, Jefferies Financial Group reduced their price target on shares of LPL Financial from $464.00 to $383.00 and set a “buy” rating for the company in a research report on Monday, April 6th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $398.86.

LPL Financial Stock Up 3.6%

LPL Financial stock opened at $295.66 on Friday. The firm has a market cap of $23.65 billion, a PE ratio of 26.40, a P/E/G ratio of 0.59 and a beta of 0.50. The company has a debt-to-equity ratio of 1.26, a quick ratio of 2.56 and a current ratio of 2.56. The firm’s 50 day moving average price is $301.82 and its two-hundred day moving average price is $329.73. LPL Financial Holdings Inc. has a twelve month low of $260.15 and a twelve month high of $403.58.

LPL Financial (NASDAQ:LPLA) last released its quarterly earnings data on Thursday, April 30th. The financial services provider reported $5.60 earnings per share for the quarter, beating the consensus estimate of $5.49 by $0.11. The firm had revenue of $4.94 billion for the quarter, compared to analyst estimates of $4.98 billion. LPL Financial had a net margin of 4.93% and a return on equity of 31.26%. The company’s revenue for the quarter was up 34.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $5.15 EPS. On average, research analysts predict that LPL Financial Holdings Inc. will post 22.98 EPS for the current fiscal year.

LPL Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 21st were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.4%. The ex-dividend date was Thursday, May 21st. LPL Financial’s dividend payout ratio is currently 10.71%.

Insiders Place Their Bets

In other LPL Financial news, CFO Matthew J. Audette sold 1,110 shares of the company’s stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $330.01, for a total value of $366,311.10. Following the transaction, the chief financial officer owned 19,803 shares in the company, valued at approximately $6,535,188.03. This represents a 5.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.60% of the company’s stock.

LPL Financial Company 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.