Cwm LLC Has $909,000 Holdings in LPL Financial Holdings Inc. (NASDAQ:LPLA)

CWM LLC raised its holdings in LPL Financial Holdings Inc. (NASDAQ:LPLA - Free Report) by 48.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,778 shares of the financial services provider's stock after purchasing an additional 902 shares during the quarter. CWM LLC's holdings in LPL Financial were worth $909,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the company. Anchor Investment Management LLC boosted its position in LPL Financial by 0.3% during the 4th quarter. Anchor Investment Management LLC now owns 9,697 shares of the financial services provider's stock worth $3,166,000 after purchasing an additional 28 shares during the period. Colonial Trust Co SC boosted its stake in LPL Financial by 6.1% in the 4th quarter. Colonial Trust Co SC now owns 505 shares of the financial services provider's stock worth $165,000 after purchasing an additional 29 shares during the period. United Capital Financial Advisors LLC raised its holdings in shares of LPL Financial by 2.6% during the 4th quarter. United Capital Financial Advisors LLC now owns 1,203 shares of the financial services provider's stock valued at $393,000 after purchasing an additional 31 shares in the last quarter. Tyler Stone Wealth Management raised its holdings in LPL Financial by 3.7% in the 4th quarter. Tyler Stone Wealth Management now owns 1,076 shares of the financial services provider's stock worth $351,000 after acquiring an additional 38 shares during the period. Finally, Koshinski Asset Management Inc. grew its position in LPL Financial by 4.9% in the 1st quarter. Koshinski Asset Management Inc. now owns 812 shares of the financial services provider's stock worth $266,000 after purchasing an additional 38 shares during the last quarter. Hedge funds and other institutional investors own 95.66% of the company's stock.

LPL Financial Trading Up 1.3%

Shares of NASDAQ LPLA traded up $4.84 during trading on Friday, hitting $381.63. 106,368 shares of the company were exchanged, compared to its average volume of 797,217. The firm has a market capitalization of $30.52 billion, a PE ratio of 26.41, a P/E/G ratio of 0.93 and a beta of 0.64. LPL Financial Holdings Inc. has a 12-month low of $187.19 and a 12-month high of $396.25. The company has a fifty day moving average price of $377.76 and a 200-day moving average price of $352.67. The company has a debt-to-equity ratio of 1.82, a quick ratio of 2.31 and a current ratio of 2.31.

LPL Financial (NASDAQ:LPLA - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The financial services provider reported $5.15 EPS for the quarter, beating the consensus estimate of $4.54 by $0.61. The company had revenue of $3.67 billion for the quarter, compared to analyst estimates of $3.63 billion. LPL Financial had a net margin of 8.23% and a return on equity of 46.34%. The firm's revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the firm posted $3.83 earnings per share. As a group, equities research analysts expect that LPL Financial Holdings Inc. will post 19.35 EPS for the current year.

LPL Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 12th. Investors of record on Friday, May 30th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.31%. The ex-dividend date was Friday, May 30th. LPL Financial's payout ratio is 8.30%.

Analysts Set New Price Targets

Several brokerages have commented on LPLA. JMP Securities upped their target price on shares of LPL Financial from $420.00 to $440.00 and gave the company a "market outperform" rating in a research note on Friday, May 9th. Barclays raised their target price on shares of LPL Financial from $450.00 to $460.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. Morgan Stanley reissued an "overweight" rating and set a $490.00 target price (up from $450.00) on shares of LPL Financial in a report on Tuesday, July 15th. Wall Street Zen downgraded shares of LPL Financial from a "buy" rating to a "hold" rating in a research report on Saturday, June 14th. Finally, TD Cowen lowered shares of LPL Financial from a "strong-buy" rating to a "hold" rating and dropped their price objective for the company from $406.00 to $403.00 in a research note on Wednesday, July 9th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $372.15.

Insider Activity at LPL Financial

In other news, Director Greg Gates sold 1,500 shares of the business's stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $382.63, for a total transaction of $573,945.00. Following the completion of the sale, the director owned 20,620 shares in the company, valued at approximately $7,889,830.60. The trade was a 6.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.30% of the stock is currently owned by corporate insiders.

About LPL Financial

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.