1,000 Shares in LPL Financial Holdings Inc. (NASDAQ:LPLA) Acquired by DE Burlo Group Inc.

DE Burlo Group Inc. purchased a new stake in LPL Financial Holdings Inc. (NASDAQ:LPLA - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,000 shares of the financial services provider's stock, valued at approximately $327,000.

A number of other large investors have also added to or reduced their stakes in the business. Graney & King LLC bought a new position in LPL Financial during the fourth quarter worth about $30,000. Jones Financial Companies Lllp increased its position in LPL Financial by 45.3% during the fourth quarter. Jones Financial Companies Lllp now owns 138 shares of the financial services provider's stock worth $45,000 after acquiring an additional 43 shares during the period. Atala Financial Inc bought a new position in LPL Financial during the fourth quarter worth about $59,000. Compass Financial Services Inc bought a new position in LPL Financial during the fourth quarter worth about $65,000. Finally, R Squared Ltd bought a new position in LPL Financial during the fourth quarter worth about $78,000. Institutional investors own 95.66% of the company's stock.

Insider Buying and Selling at LPL Financial

In other LPL Financial news, CFO Matthew J. Audette sold 4,588 shares of LPL Financial 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 owns 16,538 shares of the company's stock, valued at $5,954,837.66. This trade represents a 21.72 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Marc Eliot Cohen sold 1,100 shares of LPL Financial 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 approximately $1,490,838.75. This represents a 21.26 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 34,465 shares of company stock worth $12,562,070. Insiders own 1.30% of the company's stock.

LPL Financial Stock Up 2.4 %

LPLA traded up $7.83 during trading on Thursday, hitting $327.62. 305,107 shares of the company's stock were exchanged, compared to its average volume of 825,341. The stock has a market cap of $26.00 billion, a P/E ratio of 23.33, a PEG ratio of 0.94 and a beta of 0.64. The business's 50 day moving average is $323.96 and its two-hundred day moving average is $324.98. LPL Financial Holdings Inc. has a fifty-two week low of $187.19 and a fifty-two week high of $384.04. The company has a quick ratio of 2.16, a current ratio of 2.16 and a debt-to-equity ratio of 1.60.

LPL Financial (NASDAQ:LPLA - Get Free Report) last released its quarterly earnings results 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 return on equity of 49.41% and a net margin of 8.55%. As a group, equities analysts expect that LPL Financial Holdings Inc. will post 19.35 earnings per share for the current fiscal year.

Analyst Ratings Changes

LPLA has been the topic of several recent analyst reports. StockNews.com lowered shares of LPL Financial from a "hold" rating to a "sell" rating in a report on Wednesday, March 26th. JPMorgan Chase & Co. raised their target price 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. Keefe, Bruyette & Woods raised their target price on shares of LPL Financial from $390.00 to $405.00 and gave the company an "outperform" rating in a report on Friday, January 31st. Wells Fargo & Company decreased their target price on shares of LPL Financial from $405.00 to $342.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Finally, Morgan Stanley lifted their price target on shares of LPL Financial from $379.00 to $413.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. One research analyst has rated the stock with a sell rating and twelve have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $369.83.

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.