Centiva Capital LP Has $622,000 Stock Holdings in LPL Financial Holdings Inc. (NASDAQ:LPLA)

Centiva Capital LP cut its holdings in LPL Financial Holdings Inc. (NASDAQ:LPLA - Free Report) by 82.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,904 shares of the financial services provider's stock after selling 8,963 shares during the period. Centiva Capital LP's holdings in LPL Financial were worth $622,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in LPL Financial during the fourth quarter worth $305,747,000. Raymond James Financial Inc. acquired a new stake in shares of LPL Financial during the 4th quarter valued at about $295,982,000. Boston Partners boosted its position in shares of LPL Financial by 26.0% during the 4th quarter. Boston Partners now owns 3,905,541 shares of the financial services provider's stock valued at $1,278,454,000 after acquiring an additional 805,637 shares in the last quarter. Balyasny Asset Management L.P. bought a new stake in LPL Financial in the fourth quarter valued at about $153,946,000. Finally, Dodge & Cox raised its position in LPL Financial by 2,922.0% in the fourth quarter. Dodge & Cox now owns 470,109 shares of the financial services provider's stock worth $153,495,000 after purchasing an additional 454,553 shares in the last quarter. 95.66% of the stock is owned by institutional investors.

LPL Financial Stock Up 0.5%

LPLA stock traded up $2.06 during trading hours on Wednesday, reaching $385.05. 532,190 shares of the stock were exchanged, compared to its average volume of 832,541. The company has a debt-to-equity ratio of 1.60, a current ratio of 2.16 and a quick ratio of 2.16. The company has a market cap of $30.55 billion, a price-to-earnings ratio of 27.43, a PEG ratio of 0.94 and a beta of 0.65. The firm's 50-day moving average is $322.20 and its 200-day moving average is $331.02. LPL Financial Holdings Inc. has a 12 month low of $187.19 and a 12 month high of $390.23.

LPL Financial (NASDAQ:LPLA - Get Free Report) last released its earnings results on Thursday, May 8th. The financial services provider reported $5.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.54 by $0.61. The business had revenue of $3.67 billion for the quarter, compared to analyst estimates of $3.63 billion. LPL Financial had a return on equity of 49.41% and a net margin of 8.55%. LPL Financial's revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.83 earnings per share. On average, equities research analysts expect that LPL Financial Holdings Inc. will post 19.35 earnings per share for the current year.

LPL Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Friday, May 30th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.31%. LPL Financial's payout ratio is 8.30%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on LPLA shares. Morgan Stanley increased their target price on LPL Financial from $379.00 to $413.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. JMP Securities increased their price objective on shares of LPL Financial from $420.00 to $440.00 and gave the stock a "market outperform" rating in a report on Friday, May 9th. Wells Fargo & Company reduced their target price on shares of LPL Financial from $405.00 to $342.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. 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 research note on Friday, January 31st. Finally, StockNews.com raised shares of LPL Financial from a "sell" rating to a "hold" rating in a report on Tuesday. One investment analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $374.42.

Insider Buying and Selling

In other LPL Financial news, CFO Matthew J. Audette sold 4,588 shares of LPL Financial 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 sale, the chief financial officer now owns 16,538 shares in the company, valued at $5,954,837.66. The trade was a 21.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Marc Eliot Cohen sold 1,100 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The stock was 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 $1,490,838.75. This represents a 21.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.30% of the stock is owned by insiders.

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.