33,242 Shares in LPL Financial Holdings Inc. $LPLA Purchased by Nykredit A S

Key Points

• Nykredit A S acquired 33,242 shares of LPL Financial during the second quarter, representing an investment of approximately $9.4 million. Institutional investors and hedge funds collectively own 95.66% of the company.
• Analysts maintain a generally positive view, with 12 Buy ratings and five Holds producing a consensus “Moderate Buy” rating and an average price target of $405.79.
• LPL Financial exceeded quarterly expectations, reporting $5.84 in EPS and $5.19 billion in revenue, up 35.2% year over year. The company also pays a quarterly dividend of $0.30 per share, while insiders sold about $2.0 million of stock over the past 90 days.

Nykredit A S acquired a new stake in LPL Financial Holdings Inc. (NASDAQ:LPLA - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 33,242 shares of the financial services provider's stock, valued at approximately $9,364,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of LPLA. Osterweis Capital Management Inc. acquired a new stake in shares of LPL Financial in the second quarter valued at approximately $26,000. Clearstead Advisors LLC boosted its position in shares of LPL Financial by 3,650.0% during the fourth quarter. Clearstead Advisors LLC now owns 75 shares of the financial services provider's stock worth $27,000 after buying an additional 73 shares during the period. Core Wealth Advisors LLC bought a new position in LPL Financial in the 4th quarter worth approximately $36,000. Physician Wealth Advisors Inc. grew its holdings in LPL Financial by 580.0% in the 1st quarter. Physician Wealth Advisors Inc. now owns 136 shares of the financial services provider's stock worth $41,000 after buying an additional 116 shares in the last quarter. Finally, Pinpoint Asset Management Singapore Pte. Ltd. acquired a new stake in LPL Financial in the 4th quarter valued at approximately $50,000. 95.66% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Barclays upped their price objective on shares of LPL Financial from $394.00 to $401.00 and gave the stock an "overweight" rating in a report on Friday, July 31st. Truist Financial initiated coverage on shares of LPL Financial in a research report on Tuesday. They set a "hold" rating and a $389.00 price target on the stock. JPMorgan Chase & Co. upped their price target on shares of LPL Financial from $408.00 to $428.00 and gave the stock an "overweight" rating in a research note on Friday, July 31st. TD Cowen increased their price objective on shares of LPL Financial from $372.00 to $377.00 and gave the company a "hold" rating in a report on Tuesday. Finally, UBS Group lowered their price objective on shares of LPL Financial from $395.00 to $391.00 and set a "buy" rating on the stock in a research note on Wednesday, July 8th. Twelve investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $405.79.

LPL Financial Stock Performance

Shares of LPLA opened at $359.33 on Friday. The company's 50 day moving average price is $340.76 and its 200 day moving average price is $315.54. LPL Financial Holdings Inc. has a 52 week low of $260.15 and a 52 week high of $400.16. The company has a market capitalization of $28.29 billion, a PE ratio of 28.65, a PEG ratio of 0.60 and a beta of 0.48. The company has a debt-to-equity ratio of 1.30, a quick ratio of 2.39 and a current ratio of 2.39.

LPL Financial (NASDAQ:LPLA - Get Free Report) last released its earnings results on Thursday, July 30th. The financial services provider reported $5.84 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.39 by $0.45. The company had revenue of $5.19 billion during the quarter, compared to the consensus estimate of $5.04 billion. LPL Financial had a net margin of 5.13% and a return on equity of 32.20%. The company's revenue was up 35.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.51 EPS. Research analysts expect that LPL Financial Holdings Inc. will post 24.06 EPS for the current fiscal year.

LPL Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Friday, August 14th. LPL Financial's dividend payout ratio (DPR) is currently 9.57%.

Insider Activity at LPL Financial

In other LPL Financial news, Director Greg Gates sold 4,119 shares of the company's stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $355.38, for a total value of $1,463,810.22. Following the transaction, the director directly owned 23,602 shares of the company's stock, valued at $8,387,678.76. This represents a 14.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Aneri Jambusaria sold 308 shares of the firm's stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $357.36, for a total value of $110,066.88. Following the sale, the director directly owned 6,107 shares of the company's stock, valued at $2,182,397.52. This trade represents a 4.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 5,735 shares of company stock valued at $2,020,845. Insiders own 0.60% of the company's stock.

LPL Financial Profile

LPL Financial NASDAQ: LPLA is a U.S.-focused financial services firm that provides brokerage, custodial and advisory platforms to independent financial advisors, registered investment advisers and institutions. Operating primarily as an independent broker-dealer and custodian, the company supports a network of advisors with the operational, compliance and clearing infrastructure needed to manage client accounts and deliver investment advice outside of traditional wirehouse models.

The firm's product and service offerings include trade execution and clearing, custody services, retirement plan services, model portfolio and advisory platforms, wealth management technology, investment research and product access across equities, fixed income, mutual funds, exchange-traded funds and insurance and annuity solutions.

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