Cwm LLC Trims Stock Holdings in LPL Financial Holdings Inc. $LPLA

Key Points

• Cwm LLC reduced its stake in LPL Financial Holdings Inc. by 33.5% during the second quarter, owning 1,846 shares valued at approximately $692,000 after selling 932 shares.
• LPL Financial reported earnings of $4.51 per share for the last quarter, exceeding analysts' expectations of $4.21, alongside a revenue of $3.84 billion, up 30.8% year-over-year.
• Insider trades at LPL Financial saw directors sell shares worth a total of $1.33 million in the last three months, indicating potential shifts in insider sentiment regarding the company's stock.

Cwm LLC trimmed its holdings in LPL Financial Holdings Inc. (NASDAQ:LPLA - Free Report) by 33.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,846 shares of the financial services provider's stock after selling 932 shares during the quarter. Cwm LLC's holdings in LPL Financial were worth $692,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Summit Securities Group LLC bought a new position in LPL Financial in the first quarter worth approximately $26,000. Millstone Evans Group LLC grew 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 worth $28,000 after purchasing an additional 48 shares in the last quarter. Maseco LLP bought a new position in LPL Financial in the second quarter worth approximately $34,000. Private Trust Co. NA grew its stake in LPL Financial by 234.5% in the first quarter. Private Trust Co. NA now owns 97 shares of the financial services provider's stock worth $32,000 after purchasing an additional 68 shares in the last quarter. Finally, TCTC Holdings LLC grew its stake in LPL Financial by 116.7% in the first quarter. TCTC Holdings LLC now owns 104 shares of the financial services provider's stock worth $34,000 after purchasing an additional 56 shares in the last quarter. 95.66% of the stock is currently owned by hedge funds and other institutional investors.

LPL Financial Stock Down 0.3%

LPL Financial stock opened at $338.29 on Friday. The company has a debt-to-equity ratio of 1.41, a current ratio of 3.22 and a quick ratio of 3.22. The stock has a market capitalization of $27.06 billion, a price-to-earnings ratio of 23.14, a PEG ratio of 0.79 and a beta of 0.61. LPL Financial Holdings Inc. has a 1-year low of $258.28 and a 1-year high of $403.58. The business has a fifty day moving average price of $340.77 and a 200-day moving average price of $353.86.

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 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 business's quarterly revenue was up 30.8% on a year-over-year basis. During the same quarter last year, the firm earned $3.88 EPS. Equities research analysts forecast that LPL Financial Holdings Inc. will post 19.35 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on LPLA shares. Rothschild Redb cut LPL Financial from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 19th. Keefe, Bruyette & Woods increased their target price on LPL Financial from $425.00 to $435.00 and gave the company an "outperform" rating in a research report on Monday, August 4th. Rothschild & Co Redburn cut LPL Financial from a "buy" rating to a "neutral" rating and set a $390.00 target price on the stock. in a research report on Friday, September 19th. TD Cowen cut LPL Financial from a "strong-buy" rating to a "hold" rating and dropped their target price for the company from $406.00 to $403.00 in a research report on Wednesday, July 9th. Finally, Raymond James Financial raised LPL Financial from an "underperform" rating to a "market perform" rating in a research report on Thursday, October 9th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, LPL Financial presently has an average rating of "Moderate Buy" and an average target price of $398.38.

Insiders Place Their Bets

In other news, Director Aneri Jambusaria sold 80 shares of the firm's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $361.25, for a total value of $28,900.00. Following the completion of the sale, the director owned 5,582 shares of the company's stock, valued at $2,016,497.50. This trade represents a 1.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Greg Gates sold 750 shares of the firm's stock in a transaction on Monday, October 6th. The stock was sold at an average price of $314.42, for a total value of $235,815.00. Following the completion of the sale, the director directly owned 16,870 shares of the company's stock, valued at $5,304,265.40. The trade was a 4.26% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,830 shares of company stock valued at $1,333,105 in the last three months. Insiders own 1.30% of the company's stock.

LPL Financial Company 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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