6,501 Shares of LPL Financial Holdings Inc. $LPLA Bought by Peak Financial Advisors LLC

Key Points

• Peak Financial Advisors initiated a 6,501-share LPL Financial position worth approximately $1.99 million in the third quarter. Institutional investors collectively own 95.66% of the company.
• LPL Financial reported quarterly adjusted EPS of $5.97, beating estimates of $5.69, while revenue rose 17.4% year over year to $5.34 billion. The company also declared a quarterly dividend of $0.30 per share.
• Analyst sentiment remains positive overall, with a consensus “Moderate Buy” rating and a $400.60 price target, although several firms recently reduced their targets. Insiders sold 4,867 shares worth about $1.73 million over the past three months.

Peak Financial Advisors LLC bought a new stake in shares of LPL Financial Holdings Inc. (NASDAQ:LPLA - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,501 shares of the financial services provider's stock, valued at approximately $1,988,000.

Several other institutional investors and hedge funds have also bought and sold shares of LPLA. International Assets Investment Management LLC increased its stake in shares of LPL Financial by 1,217.1% in the third quarter. International Assets Investment Management LLC now owns 13,000 shares of the financial services provider's stock worth $3,975,000 after buying an additional 12,013 shares during the period. United Asset Strategies Inc. boosted its position in LPL Financial by 3.7% during the 3rd quarter. United Asset Strategies Inc. now owns 14,943 shares of the financial services provider's stock valued at $4,570,000 after buying an additional 534 shares during the period. Choreo LLC boosted its position in LPL Financial by 2.9% during the 3rd quarter. Choreo LLC now owns 3,735 shares of the financial services provider's stock valued at $1,142,000 after buying an additional 104 shares during the period. North Dakota State Investment Board grew its holdings in LPL Financial by 3.5% in the 3rd quarter. North Dakota State Investment Board now owns 2,452 shares of the financial services provider's stock worth $750,000 after acquiring an additional 83 shares during the last quarter. Finally, Asset Management One Co. Ltd. grew its holdings in LPL Financial by 1.1% in the 3rd quarter. Asset Management One Co. Ltd. now owns 30,498 shares of the financial services provider's stock worth $9,326,000 after acquiring an additional 319 shares during the last quarter. 95.66% of the stock is currently owned by institutional investors.

LPL Financial Stock Up 1.5%

Shares of LPL Financial stock opened at $283.74 on Friday. The company has a current ratio of 2.39, a quick ratio of 2.39 and a debt-to-equity ratio of 1.30. LPL Financial Holdings Inc. has a 12-month low of $260.15 and a 12-month high of $400.16. The company has a market cap of $22.34 billion, a P/E ratio of 16.28, a PEG ratio of 0.53 and a beta of 0.53. The company's fifty day simple moving average is $330.25 and its two-hundred day simple moving average is $323.02.

LPL Financial (NASDAQ:LPLA - Get Free Report) last posted its earnings results on Tuesday, October 27th. The financial services provider reported $5.97 EPS for the quarter, topping the consensus estimate of $5.69 by $0.28. The firm had revenue of $5.34 billion during the quarter, compared to analysts' expectations of $5.35 billion. LPL Financial had a net margin of 6.83% and a return on equity of 32.36%. The company's quarterly revenue was up 17.4% compared to the same quarter last year. During the same period last year, the company posted $5.20 EPS. Research analysts anticipate that LPL Financial Holdings Inc. will post 23.50 EPS for the current year.

LPL Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 30th. Investors of record on Thursday, November 12th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Thursday, November 12th. LPL Financial's dividend payout ratio is presently 6.88%.

Insider Buying and Selling

In related news, Director Greg Gates sold 4,119 shares of the stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $355.38, for a total value of $1,463,810.22. Following the completion of 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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 transaction of $110,066.88. Following the completion of the sale, the director 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. Insiders sold a total of 4,867 shares of company stock valued at $1,726,944 over the last three months. Corporate insiders own 0.60% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently commented on LPLA shares. UBS Group lowered their price objective on shares of LPL Financial from $390.00 to $369.00 and set a "buy" rating for the company in a research note on Thursday. The Goldman Sachs Group reissued a "buy" rating and issued a $400.00 target price on shares of LPL Financial in a research note on Wednesday. Keefe, Bruyette & Woods boosted their price target on LPL Financial from $365.00 to $390.00 and gave the company an "outperform" rating in a report on Friday, July 31st. Barclays lowered their price target on LPL Financial from $409.00 to $372.00 and set an "overweight" rating for the company in a research report on Wednesday. Finally, Bank of America dropped their price objective on LPL Financial from $557.00 to $554.00 and set a "buy" rating for the company in a report on Monday, October 5th. Fourteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $400.60.

Key Headlines Impacting LPL Financial

Here are the key news stories impacting LPL Financial this week:

• Positive Sentiment: LPL added Anchor Financial Partners to its broker-dealer and RIA platforms. The team reportedly serves approximately $525 million in advisory, brokerage and retirement-plan assets, adding to LPL’s advisor network and asset base. LPL Financial Welcomes Anchor Financial Partners
• Positive Sentiment: A Bell Global Equities Fund investor letter pushed back against concerns that artificial intelligence could disrupt LPL’s advisor-driven business model, supporting the long-term value of its independent wealth-management platform. Bell Global Equities Fund on AI Disruption Concerns
• Neutral Sentiment: UBS lowered its target from $390 to $369 but maintained a Buy rating, implying substantial upside based on the referenced share price. This indicates analysts remain divided rather than uniformly bearish. UBS LPL Financial Ratings
• Negative Sentiment: TD Cowen, Barclays, Wells Fargo, Truist Financial and JPMorgan Chase all issued lower expectations or price targets for LPLA. TD Cowen’s revised target was reported at $356, while the cluster of reductions weakened investor sentiment and contributed to the stock’s decline. TD Cowen Cuts LPL Financial Target
• Negative Sentiment: Recent reported insider activity showed four open-market sales and no purchases over six months, adding a modest additional cautionary signal.

LPL Financial Company Profile

LPL Financial Holdings Inc is a financial services company that supports independent financial advisors and institutions across the United States. Through its primary subsidiary, LPL Financial LLC, the company provides brokerage, investment advisory, and custodial services, enabling advisors to serve individual investors, families, retirement plans, and other clients.

LPL's platform includes access to brokerage and advisory products, securities clearing and custody, trading and operations support, technology, compliance services, investment research, and practice-management resources.

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