Cookson Peirce & Co. Inc. purchased a new position in shares of LPL Financial Holdings Inc. (NASDAQ:LPLA - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 3,643 shares of the financial services provider's stock, valued at approximately $1,192,000.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Principal Financial Group Inc. grew its holdings in shares of LPL Financial by 1,453.3% during the 1st quarter. Principal Financial Group Inc. now owns 1,038,683 shares of the financial services provider's stock worth $339,795,000 after purchasing an additional 971,814 shares during the period. Jennison Associates LLC raised its position in shares of LPL Financial by 786.2% in the 1st quarter. Jennison Associates LLC now owns 959,371 shares of the financial services provider's stock valued at $313,849,000 after purchasing an additional 851,115 shares in the last quarter. Egerton Capital UK LLP raised its position in shares of LPL Financial by 238.1% in the 1st quarter. Egerton Capital UK LLP now owns 871,265 shares of the financial services provider's stock valued at $285,026,000 after purchasing an additional 613,555 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of LPL Financial by 20.6% in the 4th quarter. Janus Henderson Group PLC now owns 3,050,529 shares of the financial services provider's stock valued at $996,032,000 after purchasing an additional 522,032 shares in the last quarter. Finally, Balyasny Asset Management L.P. acquired a new stake in shares of LPL Financial during the 4th quarter valued at approximately $153,946,000. Institutional investors and hedge funds own 95.66% of the company's stock.
Insider Activity
In other news, Director Greg Gates sold 1,500 shares of the business's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $374.05, for a total transaction of $561,075.00. Following the completion of the sale, the director owned 19,120 shares of the company's stock, valued at $7,151,836. The trade was a 7.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.70% of the stock is currently owned by company insiders.
Analyst Ratings Changes
Several research analysts have recently issued reports on LPLA shares. Wells Fargo & Company increased their price target on LPL Financial from $402.00 to $420.00 and gave the stock an "overweight" rating in a research note on Friday, July 11th. Citigroup downgraded LPL Financial from a "neutral" rating to a "sell" rating and set a $80.00 target price for the company. in a report on Wednesday, July 9th. TD Cowen downgraded LPL Financial from a "strong-buy" rating to a "hold" rating and reduced their target price for the company from $406.00 to $403.00 in a report on Wednesday, July 9th. Keefe, Bruyette & Woods increased their price objective on LPL Financial from $425.00 to $435.00 and gave the stock an "outperform" rating in a research note on Monday, August 4th. Finally, Morgan Stanley reissued an "overweight" rating and issued a $490.00 price objective (up from $450.00) on shares of LPL Financial in a research note on Tuesday, July 15th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, LPL Financial currently has a consensus rating of "Moderate Buy" and a consensus price target of $383.58.
Check Out Our Latest Analysis on LPLA
LPL Financial Stock Down 1.4%
Shares of LPLA stock traded down $4.98 during trading hours on Friday, hitting $350.98. 506,950 shares of the company's stock traded hands, compared to its average volume of 906,281. The stock's fifty day simple moving average is $375.53 and its two-hundred day simple moving average is $355.89. LPL Financial Holdings Inc. has a 12-month low of $204.41 and a 12-month high of $403.58. The stock has a market cap of $28.08 billion, a price-to-earnings ratio of 24.01, a PEG ratio of 0.82 and a beta of 0.66. The company has a quick ratio of 3.22, a current ratio of 3.22 and a debt-to-equity ratio of 1.41.
LPL Financial (NASDAQ:LPLA - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The financial services provider reported $4.51 EPS for the quarter, topping the consensus estimate of $4.21 by $0.30. The business had revenue of $3.84 billion for the quarter, compared to analysts' expectations of $3.77 billion. LPL Financial had a net margin of 7.91% and a return on equity of 39.80%. The business's quarterly revenue was up 30.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.88 EPS. On average, analysts expect that LPL Financial Holdings Inc. will post 19.35 EPS for the current year.
LPL Financial Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be 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 of this dividend is Friday, August 15th. LPL Financial's dividend payout ratio (DPR) is 8.21%.
About LPL Financial
(
Free Report)
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.
See Also
Before you consider LPL Financial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and LPL Financial wasn't on the list.
While LPL Financial currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Fall 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access