Impact Capital Partners LLC Takes $941,000 Position in LPL Financial Holdings Inc. (NASDAQ:LPLA)

Impact Capital Partners LLC purchased a new stake in shares of LPL Financial Holdings Inc. (NASDAQ:LPLA) in the 4th quarter, Holdings Channel.com reports. The fund purchased 2,883 shares of the financial services provider’s stock, valued at approximately $941,000.

Several other large investors have also recently modified their holdings of LPLA. Raymond James Financial Inc. bought a new position in shares of LPL Financial during the fourth quarter valued at $295,982,000. FMR LLC raised its stake in LPL Financial by 24.4% during the third quarter. FMR LLC now owns 3,322,571 shares of the financial services provider’s stock worth $772,930,000 after buying an additional 650,675 shares during the last quarter. JPMorgan Chase & Co. raised its stake in LPL Financial by 27.6% during the third quarter. JPMorgan Chase & Co. now owns 1,275,136 shares of the financial services provider’s stock worth $296,635,000 after buying an additional 276,166 shares during the last quarter. Egerton Capital UK LLP bought a new position in LPL Financial during the fourth quarter worth $84,145,000. Finally, Southpoint Capital Advisors LP raised its stake in LPL Financial by 50.0% during the third quarter. Southpoint Capital Advisors LP now owns 750,000 shares of the financial services provider’s stock worth $174,472,000 after buying an additional 250,000 shares during the last quarter. Institutional investors own 95.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on LPLA shares. Morgan Stanley lifted their target price on shares of LPL Financial from $379.00 to $413.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Wells Fargo & Company raised their price target on shares of LPL Financial from $390.00 to $405.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. JMP Securities restated a “market outperform” rating and issued a $435.00 price target on shares of LPL Financial in a report on Friday, January 31st. Keefe, Bruyette & Woods raised their price target on shares of LPL Financial from $390.00 to $405.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. raised their price target on shares of LPL Financial from $397.00 to $405.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. One analyst has rated the stock with a sell rating, one has given a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, LPL Financial presently has an average rating of “Moderate Buy” and a consensus target price of $379.17.

LPL Financial Stock Up 1.9 %

Shares of NASDAQ LPLA opened at $319.20 on Thursday. The company has a debt-to-equity ratio of 1.60, a current ratio of 2.16 and a quick ratio of 2.16. The company has a 50-day moving average price of $353.10 and a 200-day moving average price of $302.31. LPL Financial Holdings Inc. has a 1 year low of $187.19 and a 1 year high of $384.04. The stock has a market capitalization of $23.84 billion, a P/E ratio of 22.74, a P/E/G ratio of 0.94 and a beta of 0.82.

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

LPL Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date of this dividend is Tuesday, March 11th. LPL Financial’s payout ratio is currently 8.55%.

Insider Activity at LPL Financial

In other LPL Financial news, Director Marc Eliot Cohen sold 1,100 shares of LPL Financial stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $365.85, for a total value of $402,435.00. Following the sale, the director now owns 4,075 shares of the company’s stock, valued at approximately $1,490,838.75. The trade was a 21.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Matthew J. Audette sold 28,777 shares of LPL Financial stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $365.14, for a total transaction of $10,507,633.78. Following the completion of the sale, the chief financial officer now directly owns 13,663 shares in the company, valued at approximately $4,988,907.82. This represents a 67.81 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 34,465 shares of company stock valued at $12,562,070 over the last ninety days. Corporate insiders own 1.00% of the company’s stock.

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.