OLD National Bancorp IN Has $1.05 Million Stock Holdings in LPL Financial Holdings Inc. (NASDAQ:LPLA)

OLD National Bancorp IN boosted its position in LPL Financial Holdings Inc. (NASDAQ:LPLA) by 5.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,206 shares of the financial services provider’s stock after acquiring an additional 176 shares during the quarter. OLD National Bancorp IN’s holdings in LPL Financial were worth $1,047,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Ashton Thomas Securities LLC bought a new position in shares of LPL Financial in the 3rd quarter valued at $31,000. Paladin Wealth LLC acquired a new stake in LPL Financial in the third quarter valued at about $34,000. Brooklyn Investment Group bought a new position in LPL Financial in the third quarter valued at about $43,000. R Squared Ltd acquired a new position in LPL Financial during the fourth quarter worth about $78,000. Finally, GAMMA Investing LLC lifted its holdings in shares of LPL Financial by 71.6% in the fourth quarter. GAMMA Investing LLC now owns 357 shares of the financial services provider’s stock worth $117,000 after acquiring an additional 149 shares during the last quarter. 95.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LPLA has been the topic of several research reports. Wells Fargo & Company lifted their price target on shares of LPL Financial from $390.00 to $405.00 and gave the company an “overweight” rating in a report on Friday. Jefferies Financial Group lowered their price target on shares of LPL Financial from $309.00 to $282.00 and set a “buy” rating for the company in a report on Friday, October 4th. JPMorgan Chase & Co. raised their price objective on LPL Financial from $397.00 to $405.00 and gave the company an “overweight” rating in a report on Friday. Morgan Stanley upped their target price on LPL Financial from $303.00 to $309.00 and gave the stock an “overweight” rating in a report on Thursday, October 17th. Finally, Keefe, Bruyette & Woods increased their target price on LPL Financial from $390.00 to $405.00 and gave the company an “outperform” rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, LPL Financial currently has a consensus rating of “Moderate Buy” and an average price target of $370.50.

Insider Transactions at LPL Financial

In related news, Director Aneri Jambusaria sold 305 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $331.94, for a total transaction of $101,241.70. Following the completion of the sale, the director now owns 3,920 shares of the company’s stock, valued at $1,301,204.80. This trade represents a 7.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 1.30% of the company’s stock.

LPL Financial Price Performance

LPL Financial stock opened at $366.89 on Friday. The stock’s 50 day moving average is $335.66 and its 200 day moving average is $273.82. LPL Financial Holdings Inc. has a one year low of $187.19 and a one year high of $375.74. The firm has a market cap of $27.47 billion, a P/E ratio of 27.59, a P/E/G ratio of 1.11 and a beta of 0.87. 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 (NASDAQ:LPLA) last issued its quarterly earnings results on Thursday, January 30th. The financial services provider reported $4.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.01 by $0.24. LPL Financial had a net margin of 8.73% and a return on equity of 49.47%. As a group, research analysts expect that LPL Financial Holdings Inc. will post 16.17 EPS for the current year.

LPL Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th will be issued a dividend of $0.30 per share. The ex-dividend date is Tuesday, March 11th. This represents a $1.20 dividend on an annualized basis and a yield of 0.33%. LPL Financial’s payout ratio is currently 8.55%.

About LPL Financial

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.