D L Carlson Investment Group Inc. Acquires Shares of 5,351 LPL Financial Holdings Inc. $LPLA

D L Carlson Investment Group Inc. acquired a new position in shares of LPL Financial Holdings Inc. (NASDAQ:LPLA) during the second quarter, HoldingsChannel.com reports. The fund acquired 5,351 shares of the financial services provider’s stock, valued at approximately $1,507,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Goldstein Advisors LLC boosted its position in shares of LPL Financial by 4.8% in the fourth quarter. Goldstein Advisors LLC now owns 634 shares of the financial services provider’s stock worth $226,000 after buying an additional 29 shares during the period. Coastal Bridge Advisors LLC raised its holdings in shares of LPL Financial by 0.6% during the 4th quarter. Coastal Bridge Advisors LLC now owns 5,475 shares of the financial services provider’s stock valued at $1,956,000 after buying an additional 31 shares during the period. Root Financial Partners LLC raised its holdings in shares of LPL Financial by 1.4% during the 4th quarter. Root Financial Partners LLC now owns 2,318 shares of the financial services provider’s stock valued at $828,000 after buying an additional 33 shares during the period. Lifestyle Asset Management Inc. lifted its position in LPL Financial by 2.9% during the 4th quarter. Lifestyle Asset Management Inc. now owns 1,191 shares of the financial services provider’s stock worth $425,000 after acquiring an additional 34 shares in the last quarter. Finally, Bank of Nova Scotia lifted its position in LPL Financial by 0.7% during the 1st quarter. Bank of Nova Scotia now owns 5,705 shares of the financial services provider’s stock worth $1,716,000 after acquiring an additional 37 shares in the last quarter. Institutional investors and hedge funds own 95.66% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on LPLA. Weiss Ratings restated a “hold (c)” rating on shares of LPL Financial in a report on Friday, July 24th. Barclays lifted their price objective on shares of LPL Financial from $394.00 to $401.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Morgan Stanley boosted their target price on shares of LPL Financial from $374.00 to $387.00 and gave the stock an “overweight” rating in a research report on Friday, July 10th. JPMorgan Chase & Co. upped their target price on shares of LPL Financial from $408.00 to $428.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Finally, Wolfe Research reaffirmed an “outperform” rating and set a $454.00 price target on shares of LPL Financial in a report on Wednesday, August 12th. Twelve analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $406.69.

Insider Buying and Selling at LPL Financial

In other LPL Financial news, Director Aneri Jambusaria sold 308 shares of the stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $306.00, for a total transaction of $94,248.00. Following the transaction, the director directly owned 6,415 shares in the company, valued at $1,962,990. This represents a 4.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Matthew Enyedi sold 1,000 shares of the firm’s stock in a transaction on Friday, July 31st. The stock was sold at an average price of $352.72, for a total transaction of $352,720.00. Following the transaction, the director directly owned 13,121 shares of the company’s stock, valued at approximately $4,628,039.12. This represents a 7.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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 Price Performance

Shares of NASDAQ LPLA opened at $354.02 on Friday. LPL Financial Holdings Inc. has a fifty-two week low of $260.15 and a fifty-two week high of $400.16. The business has a 50 day moving average price of $325.27 and a two-hundred day moving average price of $315.54. The company has a quick ratio of 2.39, a current ratio of 2.39 and a debt-to-equity ratio of 1.30. The firm has a market cap of $27.88 billion, a PE ratio of 28.23, a price-to-earnings-growth ratio of 0.60 and a beta of 0.48.

LPL Financial (NASDAQ:LPLA) last announced its earnings results on Thursday, July 30th. The financial services provider reported $5.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.39 by $0.45. The company had revenue of $5.19 billion for the quarter, compared to analyst estimates of $5.04 billion. LPL Financial had a return on equity of 32.20% and a net margin of 5.13%.LPL Financial’s quarterly revenue was up 35.2% on a year-over-year basis. During the same period in the prior year, the company posted $4.51 EPS. Sell-side analysts expect that LPL Financial Holdings Inc. will post 24.09 earnings per share for the current fiscal year.

LPL Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.20 annualized dividend and a yield of 0.3%. LPL Financial’s dividend payout ratio is currently 9.57%.

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.