Stratos Investment Management LLC Purchases New Holdings in LPL Financial Holdings Inc. (NASDAQ:LPLA)

Stratos Investment Management LLC purchased a new stake in LPL Financial Holdings Inc. (NASDAQ:LPLA) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 675 shares of the financial services provider’s stock, valued at approximately $220,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Yousif Capital Management LLC increased its position in LPL Financial by 5.1% in the 4th quarter. Yousif Capital Management LLC now owns 1,783 shares of the financial services provider’s stock valued at $582,000 after acquiring an additional 86 shares during the period. Mather Group LLC. increased its position in LPL Financial by 4.1% during the 4th quarter. Mather Group LLC. now owns 916 shares of the financial services provider’s stock worth $299,000 after purchasing an additional 36 shares during the period. Jennison Associates LLC increased its position in LPL Financial by 14.1% during 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 period. One Wealth Advisors LLC acquired a new position in LPL Financial during the 4th quarter worth approximately $331,000. Finally, DAVENPORT & Co LLC increased its position in LPL Financial by 3.1% during the 4th quarter. DAVENPORT & Co LLC now owns 1,762 shares of the financial services provider’s stock worth $575,000 after purchasing an additional 53 shares during the period. Institutional investors and hedge funds own 95.66% of the company’s stock.

Insider Buying and Selling

In related news, Director Aneri Jambusaria sold 305 shares of the stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $331.94, for a total value of $101,241.70. Following the transaction, the director now directly owns 3,920 shares of the company’s stock, valued at approximately $1,301,204.80. This trade represents a 7.22 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. The Goldman Sachs Group boosted their target price on LPL Financial from $271.00 to $305.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Wells Fargo & Company boosted their target price on LPL Financial from $390.00 to $405.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. TD Cowen upgraded LPL Financial from a “hold” rating to a “buy” rating and boosted their target price for the stock from $277.00 to $413.00 in a research report on Thursday, December 19th. Morgan Stanley boosted their target price on LPL Financial from $303.00 to $309.00 and gave the stock an “overweight” rating in a research report on Thursday, October 17th. Finally, UBS Group upped their price target on LPL Financial from $390.00 to $420.00 and gave the stock a “buy” rating in a report on Friday, January 31st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $370.50.

LPL Financial Trading Up 1.3 %

Shares of LPL Financial stock opened at $366.47 on Thursday. LPL Financial Holdings Inc. has a fifty-two week low of $187.19 and a fifty-two week high of $375.74. The firm has a market cap of $27.44 billion, a PE ratio of 26.10, a P/E/G ratio of 1.13 and a beta of 0.87. The business’s fifty day moving average is $337.94 and its two-hundred day moving average is $277.11. The company has a quick ratio of 2.16, a current ratio of 2.16 and a debt-to-equity ratio of 1.60.

LPL Financial (NASDAQ:LPLA) last issued its quarterly earnings results on Thursday, January 30th. The financial services provider reported $4.25 earnings per share for the quarter, topping 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%. Analysts anticipate that LPL Financial Holdings Inc. will post 19.4 earnings per share for the current year.

LPL Financial Dividend Announcement

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