Yousif Capital Management LLC Boosts Stock Position in LPL Financial Holdings Inc. (NASDAQ:LPLA)

Yousif Capital Management LLC grew its position in LPL Financial Holdings Inc. (NASDAQ:LPLA) by 5.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,783 shares of the financial services provider’s stock after buying an additional 86 shares during the quarter. Yousif Capital Management LLC’s holdings in LPL Financial were worth $582,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. FMR LLC raised its position in shares of LPL Financial by 24.4% in the 3rd quarter. FMR LLC now owns 3,322,571 shares of the financial services provider’s stock worth $772,930,000 after acquiring an additional 650,675 shares in the last quarter. Geode Capital Management LLC raised its position in shares of LPL Financial by 2.6% in the 3rd quarter. Geode Capital Management LLC now owns 1,436,831 shares of the financial services provider’s stock worth $333,581,000 after acquiring an additional 36,474 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of LPL Financial by 27.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,275,136 shares of the financial services provider’s stock worth $296,635,000 after acquiring an additional 276,166 shares in the last quarter. Southpoint Capital Advisors LP raised its position in shares of LPL Financial by 50.0% in the 3rd quarter. Southpoint Capital Advisors LP now owns 750,000 shares of the financial services provider’s stock worth $174,472,000 after acquiring an additional 250,000 shares in the last quarter. Finally, Westfield Capital Management Co. LP raised its position in shares of LPL Financial by 21.6% in the 3rd quarter. Westfield Capital Management Co. LP now owns 710,867 shares of the financial services provider’s stock worth $165,369,000 after acquiring an additional 126,266 shares in the last quarter. 95.66% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on LPLA shares. The Goldman Sachs Group boosted their price target on LPL Financial from $271.00 to $305.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. boosted their price target on LPL Financial from $397.00 to $405.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. 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 report on Thursday, February 6th. UBS Group upped their target price on LPL Financial from $390.00 to $420.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Finally, TD Cowen raised LPL Financial from a “hold” rating to a “buy” rating and upped their target price for the company from $277.00 to $413.00 in a research report on Thursday, December 19th. 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 stock. Based on data from MarketBeat, LPL Financial presently has an average rating of “Moderate Buy” and an average price target of $379.17.

Insiders Place Their Bets

In other news, CFO Matthew J. Audette sold 28,777 shares of the business’s stock in a transaction dated 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 sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Aneri Jambusaria sold 305 shares of the business’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $331.94, for a total value of $101,241.70. Following the completion of the sale, the director now directly owns 3,920 shares of the company’s stock, valued at $1,301,204.80. The trade was a 7.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.30% of the stock is owned by company insiders.

LPL Financial Price Performance

LPLA stock opened at $373.98 on Monday. The business has a fifty day moving average of $343.93 and a two-hundred day moving average of $284.71. The company has a quick ratio of 2.16, a current ratio of 2.16 and a debt-to-equity ratio of 1.60. The stock has a market cap of $28.00 billion, a price-to-earnings ratio of 26.64, a price-to-earnings-growth ratio of 0.93 and a beta of 0.87. LPL Financial Holdings Inc. has a 52-week low of $187.19 and a 52-week high of $376.11.

LPL Financial (NASDAQ:LPLA) last released its quarterly earnings results on Thursday, January 30th. The financial services provider reported $4.25 EPS for the quarter, topping the consensus estimate of $4.01 by $0.24. LPL Financial had a return on equity of 49.41% and a net margin of 8.55%. As a group, research analysts anticipate that LPL Financial Holdings Inc. will post 19.14 earnings per share for the current year.

LPL Financial Dividend Announcement

The firm 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 dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date is Tuesday, March 11th. LPL Financial’s dividend payout ratio (DPR) is 8.55%.

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.