Choreo LLC Has $555,000 Stake in LPL Financial Holdings Inc. (NASDAQ:LPLA)

Choreo LLC increased its stake in shares of LPL Financial Holdings Inc. (NASDAQ:LPLA) by 60.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,698 shares of the financial services provider’s stock after purchasing an additional 641 shares during the quarter. Choreo LLC’s holdings in LPL Financial were worth $555,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of LPL Financial by 4.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,233 shares of the financial services provider’s stock valued at $2,692,000 after buying an additional 316 shares during the period. Stratos Investment Management LLC purchased a new stake in shares of LPL Financial during the fourth quarter worth $220,000. Yousif Capital Management LLC boosted its position in LPL Financial by 5.1% during the fourth quarter. Yousif Capital Management LLC now owns 1,783 shares of the financial services provider’s stock valued at $582,000 after purchasing an additional 86 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 in the last quarter. Finally, Jennison Associates LLC increased its position in LPL Financial by 14.1% in the 4th quarter. Jennison Associates LLC now owns 108,256 shares of the financial services provider’s stock worth $35,347,000 after purchasing an additional 13,406 shares during the last quarter. 95.66% of the stock is owned by hedge funds and other institutional investors.

LPL Financial Stock Down 1.0 %

Shares of LPLA stock opened at $362.42 on Wednesday. LPL Financial Holdings Inc. has a 12 month low of $187.19 and a 12 month high of $375.83. 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 firm has a market cap of $27.14 billion, a PE ratio of 25.81, a price-to-earnings-growth ratio of 0.93 and a beta of 0.87. The stock has a 50 day moving average of $341.35 and a 200-day moving average of $281.50.

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

LPL Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.33%. The ex-dividend date of this dividend is Tuesday, March 11th. LPL Financial’s payout ratio is presently 8.55%.

Analyst Upgrades and Downgrades

LPLA has been the subject of several research reports. Morgan Stanley lifted their price target on LPL Financial from $379.00 to $413.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Barclays lifted their target price on shares of LPL Financial from $389.00 to $414.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. JPMorgan Chase & Co. increased their price target on shares of LPL Financial from $397.00 to $405.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. TD Cowen raised shares of LPL Financial from a “hold” rating to a “buy” rating and lifted their price objective for the company from $277.00 to $413.00 in a research note on Thursday, December 19th. Finally, Citigroup increased their target price on shares of LPL Financial from $310.00 to $385.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. One equities research 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. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $379.17.

Insider Buying and Selling

In other LPL Financial news, CFO Matthew J. Audette sold 28,777 shares of LPL Financial stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $365.14, for a total transaction of $10,507,633.78. Following the sale, the chief financial officer now owns 13,663 shares in the company, valued at $4,988,907.82. The trade was a 67.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Aneri Jambusaria sold 305 shares of the stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $331.94, for a total transaction of $101,241.70. Following the completion of the transaction, the director now owns 3,920 shares of the company’s stock, valued at approximately $1,301,204.80. This represents a 7.22 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is owned by company insiders.

LPL Financial 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.