Brokerages Set LPL Financial Holdings Inc. (NASDAQ:LPLA) PT at $379.17

Shares of LPL Financial Holdings Inc. (NASDAQ:LPLA) have received an average rating of “Moderate Buy” from the thirteen analysts that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating and twelve have given a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $379.17.

A number of analysts have weighed in on the company. JMP Securities reiterated a “market outperform” rating and issued a $435.00 price target on shares of LPL Financial in a research report on Friday, January 31st. Barclays upped their price target on LPL Financial from $389.00 to $414.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Keefe, Bruyette & Woods increased their target price on LPL Financial from $390.00 to $405.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. UBS Group increased their target price on LPL Financial from $390.00 to $420.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Finally, Wells Fargo & Company increased their target price on LPL Financial from $390.00 to $405.00 and gave the stock an “overweight” rating in a report on Friday, January 31st.

Insider Buying and Selling

In related news, CFO Matthew J. Audette sold 28,777 shares of the firm’s stock in a transaction dated 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 transaction, the chief financial officer now directly owns 13,663 shares of the company’s stock, valued at approximately $4,988,907.82. This trade represents a 67.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Aneri Jambusaria sold 305 shares of the firm’s stock in a transaction dated 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 directly owns 3,920 shares in the company, valued at approximately $1,301,204.80. This represents 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 insiders.

Institutional Investors Weigh In On LPL Financial

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Thoroughbred Financial Services LLC boosted its position in LPL Financial by 10.7% during the 4th quarter. Thoroughbred Financial Services LLC now owns 1,504 shares of the financial services provider’s stock worth $491,000 after buying an additional 145 shares during the period. ExodusPoint Capital Management LP boosted its position in LPL Financial by 109.9% during the 4th quarter. ExodusPoint Capital Management LP now owns 135,475 shares of the financial services provider’s stock worth $44,234,000 after buying an additional 70,940 shares during the period. Spahn Wealth & Retirement LLC acquired a new stake in LPL Financial during the 4th quarter worth approximately $457,000. Cinctive Capital Management LP boosted its position in LPL Financial by 109.1% during the 4th quarter. Cinctive Capital Management LP now owns 68,701 shares of the financial services provider’s stock worth $22,432,000 after buying an additional 35,843 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its position in LPL Financial by 57.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,115,708 shares of the financial services provider’s stock worth $364,290,000 after buying an additional 405,341 shares during the period. 95.66% of the stock is owned by institutional investors.

LPL Financial Stock Performance

Shares of NASDAQ LPLA opened at $367.32 on Monday. The business has a fifty day simple moving average of $342.16 and a 200 day simple moving average of $282.10. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 1.60. The firm has a market capitalization of $27.50 billion, a price-to-earnings ratio of 26.16, a PEG ratio of 0.93 and a beta of 0.87. LPL Financial has a one year low of $187.19 and a one year high of $375.83.

LPL Financial (NASDAQ:LPLA) last announced its quarterly earnings results on Thursday, January 30th. The financial services provider reported $4.25 earnings per share for the quarter, beating analysts’ consensus estimates of $4.01 by $0.24. LPL Financial had a return on equity of 49.41% and a net margin of 8.55%. Sell-side analysts expect that LPL Financial 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. Stockholders of record on Tuesday, March 11th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.33%. The ex-dividend date is Tuesday, March 11th. LPL Financial’s dividend payout ratio is presently 8.55%.

About LPL Financial

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.