7 hours Ago By ABMN Staff
AlphaQuest LLC cut its stake in LPL Financial Holdings Inc. ( NASDAQ:LPLA – Free Report ) by 84.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission.
The fund owned 667 shares of the financial services provider’s stock after selling 3,720 shares during the quarter. AlphaQuest LLC’s holdings in LPL Financial were worth $218,000 as of its most recent SEC filing. Other institutional investors also recently bought and sold shares of the company.
Wealth Alliance grew its stake in LPL Financial by 2.1% in the fourth quarter. Wealth Alliance now owns 1,483 shares of the financial services provider’s stock valued at $484,000 after purchasing an additional 30 shares during the last quarter.
Sanchez Wealth Management Group grew its stake in LPL Financial by 2.1% in the fourth quarter. Sanchez Wealth Management Group now owns 1,686 shares of the financial services provider’s stock valued at $551,000 after purchasing an additional 35 shares during the last quarter.
Mather Group LLC. grew its stake in LPL Financial by 4.1% in the fourth quarter.
Mather Group LLC. now owns 916 shares of the financial services provider’s stock valued at $299,000 after purchasing an additional 36 shares during the last quarter. Avior Wealth Management LLC grew its stake in LPL Financial by 1.
8% in the third quarter. Avior Wealth Management LLC now owns 2,416 shares of the financial services provider’s stock valued at $562,000 after purchasing an additional 42 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its stake in LPL Financial by 45.
3% in the fourth quarter. Jones Financial Companies Lllp now owns 138 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 43 shares during the last quarter. 95.
66% of the stock is currently owned by institutional investors. LPL Financial Trading Up 4.2 % LPL Financial stock opened at $321.
99 on Monday. The company has a quick ratio of 2.16, a current ratio of 2.
16 and a debt-to-equity ratio of 1.60. LPL Financial Holdings Inc.
has a 52 week low of $187.19 and a 52 week high of $384.04.
The company has a market capitalization of $24.05 billion, a price-to-earnings ratio of 22.93, a price-to-earnings-growth ratio of 0.
94 and a beta of 0.82. The stock has a 50-day moving average price of $352.
35 and a 200 day moving average price of $304.26. LPL Financial Announces Dividend The business 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 $0.30 dividend. This represents a $1.
20 dividend on an annualized basis and a yield of 0.37%. The ex-dividend date of this dividend is Tuesday, March 11th.
LPL Financial’s payout ratio is presently 8.55%. Analyst Upgrades and Downgrades Several research firms have issued reports on LPLA.
UBS Group lifted their target price on LPL Financial from $390.00 to $420.00 and gave the company a “buy” rating in a research note on Friday, January 31st.
Barclays lifted their target price on LPL Financial from $389.00 to $414.00 and gave the company an “overweight” rating in a research note on Friday, January 31st.
Citigroup boosted their price target on LPL Financial from $310.00 to $385.00 and gave the stock a “buy” rating in a research note on Friday, January 10th.
TD Cowen upgraded LPL Financial from a “hold” rating to a “buy” rating and boosted their price target for the stock from $277.00 to $413.00 in a research note on Thursday, December 19th.
Finally, Morgan Stanley boosted their price target on LPL Financial from $379.00 to $413.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th.
One 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. Based on data from MarketBeat, LPL Financial currently has a consensus rating of “Moderate Buy” and an average target price of $379.17.
View Our Latest Report on LPLA Insider Buying and Selling at LPL Financial In other LPL Financial news, CFO Matthew J. Audette sold 28,777 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $365.
14, for a total value of $10,507,633.78. Following the completion of the transaction, the chief financial officer now directly owns 13,663 shares of the company’s stock, valued at approximately $4,988,907.
82. The trade was a 67.81 % decrease in their ownership of the stock.
The sale was disclosed in a legal filing with the SEC, which can be accessed through this link . Also, Director Marc Eliot Cohen sold 1,100 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $365.
85, for a total value of $402,435.00. Following the transaction, the director now directly 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 disclosure for this sale can be found here . Over the last ninety days, insiders sold 34,465 shares of company stock valued at $12,562,070. 1.
30% of the stock is owned by company insiders. About LPL Financial ( Free Report ) 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.
Further Reading Want to see what other hedge funds are holding LPLA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for LPL Financial Holdings Inc. ( NASDAQ:LPLA – Free Report ).
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