One Day In July LLC Invests $229,000 in LPL Financial Holdings Inc. (NASDAQ:LPLA)

One Day In July LLC purchased a new position in shares of LPL Financial Holdings Inc. (NASDAQ:LPLA) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 702 shares of the financial services provider’s stock, valued at approximately $229,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LPLA. Ashton Thomas Securities LLC acquired a new stake in shares of LPL Financial during the third quarter worth $31,000. Brooklyn Investment Group acquired a new stake in shares of LPL Financial during the third quarter worth $43,000. Compass Financial Services Inc acquired a new stake in shares of LPL Financial during the fourth quarter worth $65,000. R Squared Ltd acquired a new stake in LPL Financial in the 4th quarter valued at $78,000. Finally, First Horizon Advisors Inc. increased its stake 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 valued at $90,000 after buying an additional 94 shares during the last quarter. 95.66% of the stock is owned by institutional investors.

Insider Buying and Selling at LPL Financial

In other LPL Financial news, Director Aneri Jambusaria sold 305 shares of the business’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $331.94, for a total value of $101,241.70. Following the completion of the sale, the director now owns 3,920 shares of the company’s stock, valued at $1,301,204.80. The trade was a 7.22 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Matthew J. Audette sold 28,777 shares of the business’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 completion of the sale, the chief financial officer now directly owns 13,663 shares of the company’s stock, valued at $4,988,907.82. This represents a 67.81 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

LPL Financial Stock Performance

Shares of LPLA stock opened at $379.46 on Friday. The company has a market capitalization of $28.41 billion, a price-to-earnings ratio of 27.03, a PEG ratio of 0.95 and a beta of 0.87. The company has a debt-to-equity ratio of 1.60, a quick ratio of 2.16 and a current ratio of 2.16. The company has a 50-day simple moving average of $348.16 and a 200 day simple moving average of $288.42. LPL Financial Holdings Inc. has a 52 week low of $187.19 and a 52 week high of $383.61.

LPL Financial (NASDAQ:LPLA) last posted its quarterly earnings data on Thursday, January 30th. The financial services provider reported $4.25 earnings per share (EPS) 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%. On average, sell-side analysts predict that LPL Financial Holdings Inc. will post 19.35 earnings per share for the current year.

LPL Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders 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 yield of 0.32%. The ex-dividend date of this dividend is Tuesday, March 11th. LPL Financial’s dividend payout ratio is currently 8.55%.

Wall Street Analyst Weigh In

LPLA has been the topic of several recent research reports. JPMorgan Chase & Co. lifted their price target on shares of LPL Financial from $397.00 to $405.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. The Goldman Sachs Group lifted their price target 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. Barclays lifted their price target on shares of LPL Financial from $389.00 to $414.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. UBS Group lifted their price target on shares of LPL Financial from $390.00 to $420.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Finally, Wells Fargo & Company lifted their price target on shares of LPL Financial from $390.00 to $405.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, LPL Financial has a consensus rating of “Moderate Buy” and a consensus price target of $379.17.

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.