LPL Financial Holdings Inc. (NASDAQ:LPLA) Shares Bought by ArrowMark Colorado Holdings LLC

ArrowMark Colorado Holdings LLC lifted its position in shares of LPL Financial Holdings Inc. (NASDAQ:LPLA - Free Report) by 15.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 38,256 shares of the financial services provider's stock after purchasing an additional 5,000 shares during the quarter. ArrowMark Colorado Holdings LLC owned about 0.05% of LPL Financial worth $12,491,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Graney & King LLC acquired a new stake in LPL Financial in the fourth quarter valued at approximately $30,000. Itau Unibanco Holding S.A. purchased a new stake in LPL Financial during the 4th quarter worth $42,000. Jones Financial Companies Lllp lifted its holdings in LPL Financial by 45.3% in the 4th quarter. Jones Financial Companies Lllp now owns 138 shares of the financial services provider's stock worth $45,000 after buying an additional 43 shares in the last quarter. Atala Financial Inc purchased a new position in LPL Financial in the 4th quarter valued at about $59,000. Finally, Compass Financial Services Inc acquired a new stake in shares of LPL Financial during the fourth quarter valued at about $65,000. Institutional investors and hedge funds own 95.66% of the company's stock.

Insider Activity

In related news, CFO Matthew J. Audette sold 4,588 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $360.07, for a total value of $1,652,001.16. Following the completion of the transaction, the chief financial officer now owns 16,538 shares in the company, valued at $5,954,837.66. This represents a 21.72 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Marc Eliot Cohen sold 1,100 shares of the business's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $365.85, for a total transaction of $402,435.00. Following the sale, the director now owns 4,075 shares in the company, valued at $1,490,838.75. This trade represents a 21.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently commented on LPLA. StockNews.com cut LPL Financial from a "hold" rating to a "sell" rating in a research note on Wednesday, March 26th. JMP Securities decreased their price target on shares of LPL Financial from $435.00 to $420.00 and set a "market outperform" rating for the company in a research report on Tuesday, April 8th. Citigroup dropped their price target on shares of LPL Financial from $415.00 to $400.00 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. UBS Group increased their price objective 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, Keefe, Bruyette & Woods boosted their target price on shares of LPL Financial from $390.00 to $405.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st. One research analyst has rated the stock with a sell rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, LPL Financial currently has an average rating of "Moderate Buy" and a consensus price target of $369.83.

LPL Financial Stock Performance

Shares of LPL Financial stock traded up $4.43 on Thursday, reaching $338.99. 792,292 shares of the company were exchanged, compared to its average volume of 824,049. LPL Financial Holdings Inc. has a 1-year low of $187.19 and a 1-year high of $384.04. The firm has a market cap of $26.90 billion, a price-to-earnings ratio of 24.14, a P/E/G ratio of 0.94 and a beta of 0.65. 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's 50-day moving average is $320.56 and its two-hundred day moving average is $327.60.

LPL Financial (NASDAQ:LPLA - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The financial services provider reported $5.15 EPS for the quarter, topping the consensus estimate of $4.63 by $0.52. LPL Financial had a net margin of 8.55% and a return on equity of 49.41%. As a group, research analysts expect that LPL Financial Holdings Inc. will post 19.35 earnings per share for the current fiscal year.

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.