Nisa Investment Advisors LLC Grows Holdings in LPL Financial Holdings Inc. (NASDAQ:LPLA)

Nisa Investment Advisors LLC boosted its position in LPL Financial Holdings Inc. (NASDAQ:LPLA) by 168.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,178 shares of the financial services provider’s stock after acquiring an additional 1,368 shares during the quarter. Nisa Investment Advisors LLC’s holdings in LPL Financial were worth $711,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently modified their holdings of LPLA. ZWJ Investment Counsel Inc. purchased a new position in shares of LPL Financial during the fourth quarter worth approximately $260,000. Koshinski Asset Management Inc. purchased a new position in LPL Financial in the 4th quarter worth approximately $253,000. UMB Bank n.a. lifted its position in LPL Financial by 9,865.1% in the fourth quarter. UMB Bank n.a. now owns 14,848 shares of the financial services provider’s stock valued at $4,848,000 after purchasing an additional 14,699 shares during the last quarter. LVW Advisors LLC boosted its position in LPL Financial by 2.0% during the 4th quarter. LVW Advisors LLC now owns 4,171 shares of the financial services provider’s stock valued at $1,362,000 after buying an additional 83 shares during the period. Finally, Artemis Investment Management LLP grew its holdings in LPL Financial by 18.5% in the 4th quarter. Artemis Investment Management LLP now owns 82,736 shares of the financial services provider’s stock worth $27,014,000 after acquiring an additional 12,896 shares during the last quarter. 95.66% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on LPLA shares. StockNews.com raised shares of LPL Financial from a “sell” rating to a “hold” rating in a research report on Saturday, November 9th. JMP Securities reiterated a “market outperform” rating and set a $310.00 target price on shares of LPL Financial in a research note on Wednesday, October 9th. Wells Fargo & Company increased their price objective on LPL Financial from $310.00 to $390.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. UBS Group raised shares of LPL Financial from a “neutral” rating to a “buy” rating and set a $390.00 price objective for the company in a report on Monday, January 6th. Finally, Morgan Stanley raised their price target on LPL Financial from $303.00 to $309.00 and gave the stock an “overweight” rating in a research note on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $351.50.

Insider Buying and Selling at LPL Financial

In related news, Director Aneri Jambusaria sold 305 shares of LPL Financial stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $331.94, for a total value of $101,241.70. Following the completion of the transaction, the director now owns 3,920 shares in the company, valued at approximately $1,301,204.80. This trade represents a 7.22 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.30% of the stock is currently owned by company insiders.

LPL Financial Trading Up 1.5 %

Shares of LPLA stock opened at $358.18 on Wednesday. The firm has a market capitalization of $26.82 billion, a PE ratio of 26.93, a PEG ratio of 1.09 and a beta of 0.87. The company has a debt-to-equity ratio of 1.60, a quick ratio of 2.16 and a current ratio of 2.16. The stock has a fifty day simple moving average of $333.18 and a two-hundred day simple moving average of $271.86. LPL Financial Holdings Inc. has a 52-week low of $187.19 and a 52-week high of $361.63.

LPL Financial (NASDAQ:LPLA) last announced its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $4.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.69 by $0.47. LPL Financial had a net margin of 8.73% and a return on equity of 49.47%. The company had revenue of $3.11 billion for the quarter, compared to the consensus estimate of $3.04 billion. During the same period in the previous year, the firm posted $3.74 EPS. LPL Financial’s revenue for the quarter was up 6.0% compared to the same quarter last year. On average, analysts predict that LPL Financial Holdings Inc. will post 16.17 EPS for the current fiscal year.

LPL Financial Company Profile

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.