Counterpoint Mutual Funds LLC Makes New Investment in LPL Financial Holdings Inc. $LPLA

Key Points

• Counterpoint Mutual Funds LLC has made a new investment in LPL Financial Holdings Inc., acquiring 1,111 shares valued at approximately $417,000.
• Several hedge funds have increased their positions in LPL Financial, with notable increases from Compass Financial Services Inc. and MassMutual Private Wealth & Trust FSB.
• Research firms show mixed sentiments towards LPL Financial, with upgrades from Redburn Atlantic and downgrades from Wall Street Zen and Rothschild & Co., contributing to a current consensus rating of "Moderate Buy."

Counterpoint Mutual Funds LLC acquired a new stake in LPL Financial Holdings Inc. (NASDAQ:LPLA - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 1,111 shares of the financial services provider's stock, valued at approximately $417,000.

A number of other hedge funds also recently made changes to their positions in the business. Compass Financial Services Inc grew its position in LPL Financial by 14.5% during the first quarter. Compass Financial Services Inc now owns 229 shares of the financial services provider's stock valued at $75,000 after buying an additional 29 shares during the period. Koshinski Asset Management Inc. raised its position in LPL Financial by 4.9% in the first quarter. Koshinski Asset Management Inc. now owns 812 shares of the financial services provider's stock worth $266,000 after acquiring an additional 38 shares during the period. MassMutual Private Wealth & Trust FSB increased its stake in shares of LPL Financial by 63.9% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 100 shares of the financial services provider's stock worth $33,000 after purchasing an additional 39 shares during the last quarter. MAI Capital Management raised its holdings in shares of LPL Financial by 1.6% in the 1st quarter. MAI Capital Management now owns 2,871 shares of the financial services provider's stock worth $939,000 after purchasing an additional 44 shares during the period. Finally, Millstone Evans Group LLC lifted its stake in LPL Financial by 123.1% in the first quarter. Millstone Evans Group LLC now owns 87 shares of the financial services provider's stock valued at $28,000 after purchasing an additional 48 shares during the last quarter. 95.66% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on LPLA. Redburn Atlantic raised LPL Financial from a "neutral" rating to a "buy" rating and raised their target price for the stock from $420.00 to $460.00 in a research report on Monday, June 9th. Wall Street Zen downgraded LPL Financial from a "buy" rating to a "hold" rating in a research note on Saturday, June 14th. Keefe, Bruyette & Woods boosted their price objective on LPL Financial from $425.00 to $435.00 and gave the company an "outperform" rating in a research note on Monday, August 4th. Rothschild & Co Redburn downgraded shares of LPL Financial from a "buy" rating to a "neutral" rating and set a $390.00 price objective on the stock. in a report on Friday, September 19th. Finally, Barclays reduced their target price on shares of LPL Financial from $463.00 to $460.00 and set an "overweight" rating for the company in a research note on Tuesday, September 2nd. Ten research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $391.54.

Insider Activity at LPL Financial

In related news, Director Aneri Jambusaria sold 80 shares of LPL Financial stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $361.25, for a total value of $28,900.00. Following the transaction, the director owned 5,582 shares in the company, valued at $2,016,497.50. This trade represents a 1.41% 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 Greg Gates sold 1,500 shares of the company'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 sale, the director owned 19,120 shares of the company's stock, valued at approximately $7,151,836. The trade was a 7.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,580 shares of company stock worth $1,671,235 over the last three months. Insiders own 0.70% of the company's stock.

LPL Financial Stock Up 1.0%

LPLA opened at $340.48 on Wednesday. The business's fifty day simple moving average is $362.22 and its 200 day simple moving average is $353.41. LPL Financial Holdings Inc. has a 52 week low of $219.13 and a 52 week high of $403.58. The company has a quick ratio of 3.22, a current ratio of 3.22 and a debt-to-equity ratio of 1.41. The stock has a market cap of $27.24 billion, a PE ratio of 23.29, a P/E/G ratio of 0.79 and a beta of 0.66.

LPL Financial (NASDAQ:LPLA - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The financial services provider reported $4.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.21 by $0.30. The firm had revenue of $3.84 billion during the quarter, compared to analysts' expectations of $3.77 billion. LPL Financial had a return on equity of 39.80% and a net margin of 7.91%.The company's revenue for the quarter was up 30.8% compared to the same quarter last year. During the same period in the prior year, the business earned $3.88 EPS. As a group, research analysts expect that LPL Financial Holdings Inc. will post 19.35 earnings per share for the current fiscal year.

LPL Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Friday, August 15th. LPL Financial's dividend payout ratio (DPR) is presently 8.21%.

LPL Financial 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.

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