697 Shares in LPL Financial Holdings Inc. (NASDAQ:LPLA) Purchased by Baader Bank Aktiengesellschaft

Baader Bank Aktiengesellschaft bought a new stake in shares of LPL Financial Holdings Inc. (NASDAQ:LPLA) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 697 shares of the financial services provider’s stock, valued at approximately $228,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LPLA. Ashton Thomas Securities LLC bought a new stake in shares of LPL Financial in the third quarter valued at approximately $31,000. Paladin Wealth LLC bought a new position in LPL Financial during the third quarter worth $34,000. Brooklyn Investment Group acquired a new position in LPL Financial during the 3rd quarter valued at $43,000. R Squared Ltd bought a new stake in LPL Financial in the 4th quarter valued at $78,000. Finally, First Horizon Advisors Inc. grew its position in LPL Financial by 32.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 385 shares of the financial services provider’s stock worth $90,000 after purchasing an additional 94 shares during the last quarter. Institutional investors and hedge funds own 95.66% of the company’s stock.

Wall Street Analysts Forecast Growth

LPLA has been the subject of a number of research analyst reports. JPMorgan Chase & Co. upped their price objective on shares of LPL Financial from $397.00 to $405.00 and gave the company an “overweight” rating in a research report on Friday. StockNews.com upgraded LPL Financial from a “sell” rating to a “hold” rating in a research report on Saturday, November 9th. Wells Fargo & Company lifted their price objective on LPL Financial from $390.00 to $405.00 and gave the stock an “overweight” rating in a report on Friday. The Goldman Sachs Group upped their target price on LPL Financial from $271.00 to $305.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, TD Cowen upgraded shares of LPL Financial from a “hold” rating to a “buy” rating and lifted their price target for the stock from $277.00 to $413.00 in a research note on Thursday, December 19th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, LPL Financial currently has a consensus rating of “Moderate Buy” and a consensus target price of $370.50.

Insider Transactions at LPL Financial

In related news, Director Aneri Jambusaria sold 305 shares of the business’s stock in a transaction that occurred 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 sale, the director now directly owns 3,920 shares of the company’s stock, valued at $1,301,204.80. The trade was a 7.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.30% of the stock is currently owned by corporate insiders.

LPL Financial Stock Performance

NASDAQ:LPLA opened at $366.89 on Friday. The stock has a market capitalization of $27.47 billion, a P/E ratio of 27.59, a price-to-earnings-growth ratio of 1.11 and a beta of 0.87. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 1.60. LPL Financial Holdings Inc. has a 1 year low of $187.19 and a 1 year high of $375.74. The firm has a 50 day moving average of $335.66 and a 200-day moving average of $273.82.

LPL Financial (NASDAQ:LPLA) last issued its quarterly earnings data on Thursday, January 30th. The financial services provider reported $4.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.01 by $0.24. LPL Financial had a return on equity of 49.47% and a net margin of 8.73%. As a group, sell-side analysts anticipate that LPL Financial Holdings Inc. will post 16.17 EPS for the current fiscal year.

LPL Financial Announces Dividend

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

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.