Integrated Investment Consultants LLC Purchases 1,057 Shares of LPL Financial Holdings Inc. (NASDAQ:LPLA)

Integrated Investment Consultants LLC raised its holdings in LPL Financial Holdings Inc. (NASDAQ:LPLA) by 17.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,203 shares of the financial services provider’s stock after buying an additional 1,057 shares during the quarter. Integrated Investment Consultants LLC’s holdings in LPL Financial were worth $1,676,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Ashton Thomas Private Wealth LLC bought a new stake in LPL Financial in the second quarter valued at about $25,000. Key Financial Inc acquired a new position in shares of LPL Financial in the 2nd quarter worth approximately $28,000. Ashton Thomas Securities LLC bought a new position in shares of LPL Financial during the 3rd quarter worth approximately $31,000. Paladin Wealth LLC acquired a new stake in LPL Financial in the 3rd quarter valued at $34,000. Finally, Crewe Advisors LLC grew its position in LPL Financial by 360.7% in the second quarter. Crewe Advisors LLC now owns 129 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 101 shares during the period. Institutional investors and hedge funds own 95.66% of the company’s stock.

LPL Financial Price Performance

Shares of LPLA stock opened at $317.05 on Thursday. The firm has a market cap of $23.74 billion, a price-to-earnings ratio of 23.84, a PEG ratio of 1.54 and a beta of 0.85. LPL Financial Holdings Inc. has a 12 month low of $187.19 and a 12 month high of $322.03. 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 50-day moving average price of $258.57 and a 200 day moving average price of $252.31.

LPL Financial (NASDAQ:LPLA) last posted its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $4.16 earnings per share for the quarter, topping 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 business had revenue of $3.11 billion during the quarter, compared to the consensus estimate of $3.04 billion. During the same period in the previous year, the firm posted $3.74 earnings per share. LPL Financial’s revenue for the quarter was up 6.0% compared to the same quarter last year. Research analysts expect that LPL Financial Holdings Inc. will post 16.08 EPS for the current year.

LPL Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Thursday, November 14th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date is Thursday, November 14th. LPL Financial’s dividend payout ratio (DPR) is currently 9.02%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Citigroup upped their target price on shares of LPL Financial from $285.00 to $310.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. StockNews.com raised shares of LPL Financial from a “sell” rating to a “hold” rating in a research note on Saturday, November 9th. The Goldman Sachs Group lifted their target price on shares of LPL Financial from $271.00 to $305.00 and gave the company a “buy” rating in a research note on Friday, November 1st. UBS Group increased their price target on LPL Financial from $215.00 to $250.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 8th. Finally, Barclays lifted their price objective on LPL Financial from $273.00 to $311.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. One analyst has rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $286.92.

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.