Tyler Stone Wealth Management Grows Stock Holdings in LPL Financial Holdings Inc. (NASDAQ:LPLA)

Tyler Stone Wealth Management boosted its holdings in LPL Financial Holdings Inc. (NASDAQ:LPLA) by 3.7% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,076 shares of the financial services provider’s stock after buying an additional 38 shares during the period. Tyler Stone Wealth Management’s holdings in LPL Financial were worth $351,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of LPLA. Daiwa Securities Group Inc. boosted its stake in LPL Financial by 50.6% in the 3rd quarter. Daiwa Securities Group Inc. now owns 15,841 shares of the financial services provider’s stock worth $3,685,000 after purchasing an additional 5,320 shares during the period. Rockefeller Capital Management L.P. bought a new position in shares of LPL Financial during the third quarter worth $2,633,000. Truist Financial Corp grew its stake in LPL Financial by 7.9% during the fourth quarter. Truist Financial Corp now owns 192,153 shares of the financial services provider’s stock valued at $62,740,000 after acquiring an additional 14,106 shares in the last quarter. Principal Financial Group Inc. increased its holdings in LPL Financial by 15.7% in the 3rd quarter. Principal Financial Group Inc. now owns 25,418 shares of the financial services provider’s stock valued at $5,913,000 after acquiring an additional 3,444 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in LPL Financial by 4.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 31,209 shares of the financial services provider’s stock worth $10,190,000 after purchasing an additional 1,383 shares in the last quarter. 95.66% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CFO Matthew J. Audette sold 4,588 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $360.07, for a total transaction of $1,652,001.16. Following the transaction, the chief financial officer now directly owns 16,538 shares in the company, valued at approximately $5,954,837.66. This trade represents a 21.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Marc Eliot Cohen sold 1,100 shares of LPL Financial stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $365.85, for a total transaction of $402,435.00. Following the transaction, the director now directly owns 4,075 shares in the company, valued at approximately $1,490,838.75. The trade was a 21.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 34,465 shares of company stock worth $12,562,070 in the last ninety days. 1.30% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. TD Cowen raised LPL Financial from a “hold” rating to a “buy” rating and upped their price objective for the stock from $277.00 to $413.00 in a report on Thursday, December 19th. JPMorgan Chase & Co. increased their price target on shares of LPL Financial from $397.00 to $405.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Barclays boosted their price objective on LPL Financial from $389.00 to $414.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Wells Fargo & Company raised their price objective on LPL Financial from $390.00 to $405.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Finally, Keefe, Bruyette & Woods boosted their target price on LPL Financial from $390.00 to $405.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $379.17.

LPL Financial Stock Down 1.0 %

NASDAQ:LPLA opened at $339.15 on Thursday. The company has a market cap of $25.33 billion, a price-to-earnings ratio of 24.16, a price-to-earnings-growth ratio of 0.94 and a beta of 0.82. LPL Financial Holdings Inc. has a twelve month low of $187.19 and a twelve month high of $384.04. 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 stock has a fifty day simple moving average of $352.42 and a 200-day simple moving average of $310.06.

LPL Financial (NASDAQ:LPLA) last announced its quarterly earnings data 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 net margin of 8.55% and a return on equity of 49.41%. Analysts anticipate that LPL Financial Holdings Inc. will post 19.35 EPS for the current year.

LPL Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th were paid a $0.30 dividend. The ex-dividend date was Tuesday, March 11th. This represents a $1.20 annualized dividend and a yield of 0.35%. 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.