LPL Financial Holdings Inc. $LPLA Stake Boosted by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC increased its holdings in LPL Financial Holdings Inc. (NASDAQ:LPLA) by 675.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,808 shares of the financial services provider’s stock after buying an additional 7,672 shares during the quarter. Nisa Investment Advisors LLC’s holdings in LPL Financial were worth $2,693,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in LPL Financial during the second quarter valued at approximately $1,333,189,000. Jupiter Topco LLC purchased a new position in shares of LPL Financial during the 2nd quarter worth $1,182,595,000. Janus Henderson Group PLC grew its position in shares of LPL Financial by 8.6% during the 1st quarter. Janus Henderson Group PLC now owns 3,666,780 shares of the financial services provider’s stock valued at $1,103,079,000 after acquiring an additional 289,227 shares during the period. Principal Financial Group Inc. grew its position in shares of LPL Financial by 36.3% during the 1st quarter. Principal Financial Group Inc. now owns 2,636,544 shares of the financial services provider’s stock valued at $793,163,000 after acquiring an additional 702,061 shares during the period. Finally, WCM Investment Management LLC increased its stake in shares of LPL Financial by 0.8% in the 1st quarter. WCM Investment Management LLC now owns 1,734,395 shares of the financial services provider’s stock worth $520,631,000 after purchasing an additional 12,922 shares in the last quarter. 95.66% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Matthew Enyedi sold 1,000 shares of the company’s stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $352.72, for a total value of $352,720.00. Following the completion of the transaction, the director owned 13,121 shares of the company’s stock, valued at $4,628,039.12. This represents a 7.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Katharine Reeping sold 440 shares of the company’s stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $347.88, for a total value of $153,067.20. Following the completion of the transaction, the insider directly owned 1,774 shares of the company’s stock, valued at approximately $617,139.12. This trade represents a 19.87% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 5,867 shares of company stock worth $2,079,664. 0.60% of the stock is currently owned by corporate insiders.

LPL Financial Stock Performance

Shares of NASDAQ LPLA opened at $315.61 on Friday. The firm has a fifty day moving average price of $337.10 and a 200-day moving average price of $320.81. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.39 and a quick ratio of 2.39. The stock has a market cap of $24.85 billion, a PE ratio of 25.17, a price-to-earnings-growth ratio of 0.54 and a beta of 0.53. LPL Financial Holdings Inc. has a 1 year low of $260.15 and a 1 year high of $400.16.

LPL Financial (NASDAQ:LPLA) last released its earnings results on Thursday, July 30th. The financial services provider reported $5.84 earnings per share 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 analysts’ expectations of $5.04 billion. LPL Financial had a net margin of 5.13% and a return on equity of 32.20%. LPL Financial’s revenue for the quarter was up 35.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.51 EPS. Equities analysts anticipate that LPL Financial Holdings Inc. will post 23.83 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on LPLA shares. Citigroup reaffirmed a “market outperform” rating on shares of LPL Financial in a report on Monday, October 5th. Barclays boosted their price target on LPL Financial from $401.00 to $409.00 and gave the company an “overweight” rating in a report on Wednesday, October 7th. Keefe, Bruyette & Woods boosted their price target on LPL Financial from $365.00 to $390.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Wells Fargo & Company assumed coverage on LPL Financial in a research report on Friday, October 2nd. They issued an “overweight” rating and a $362.00 price target for the company. Finally, BMO Capital Markets decreased their price objective on LPL Financial from $390.00 to $370.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 6th. Fourteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $409.69.

LPL Financial Company Profile

LPL Financial Holdings Inc is a financial services company that supports independent financial advisors and institutions across the United States. Through its primary subsidiary, LPL Financial LLC, the company provides brokerage, investment advisory, and custodial services, enabling advisors to serve individual investors, families, retirement plans, and other clients.

LPL’s platform includes access to brokerage and advisory products, securities clearing and custody, trading and operations support, technology, compliance services, investment research, and practice-management resources.