Focus Partners Advisor Solutions LLC Boosts Stock Position in LPL Financial Holdings Inc. $LPLA

Key Points

• Focus Partners Advisor Solutions LLC increased its holdings in LPL Financial by 8.1%, acquiring an additional 8,417 shares, bringing their total ownership to approximately 112,946 shares valued at $36.9 million.
• LPL Financial reported quarterly earnings of $4.51 per share, surpassing analyst estimates and reflecting a 30.8% year-over-year revenue increase to $3.84 billion.
• The company recently declared a quarterly dividend of $0.30 per share, representing an annualized yield of 0.3%, with a low payout ratio of 8.21%.

Focus Partners Advisor Solutions LLC grew its holdings in LPL Financial Holdings Inc. (NASDAQ:LPLA - Free Report) by 8.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 112,946 shares of the financial services provider's stock after purchasing an additional 8,417 shares during the quarter. Focus Partners Advisor Solutions LLC owned approximately 0.14% of LPL Financial worth $36,949,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Summit Securities Group LLC acquired a new position in shares of LPL Financial during the first quarter worth $26,000. Millstone Evans Group LLC increased its stake in LPL Financial by 123.1% during the 1st quarter. Millstone Evans Group LLC now owns 87 shares of the financial services provider's stock valued at $28,000 after buying an additional 48 shares during the period. Private Trust Co. NA increased its stake in LPL Financial by 234.5% during the 1st quarter. Private Trust Co. NA now owns 97 shares of the financial services provider's stock valued at $32,000 after buying an additional 68 shares during the period. MassMutual Private Wealth & Trust FSB boosted its stake in LPL Financial by 63.9% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 100 shares of the financial services provider's stock valued at $33,000 after buying an additional 39 shares in the last quarter. Finally, City Holding Co. acquired a new position in shares of LPL Financial in the first quarter worth about $34,000. Institutional investors and hedge funds own 95.66% of the company's stock.

LPL Financial Stock Performance

Shares of NASDAQ:LPLA traded down $27.05 during trading on Friday, reaching $332.99. 1,642,944 shares of the stock were exchanged, compared to its average volume of 807,732. The stock has a 50-day moving average price of $371.77 and a 200-day moving average price of $355.37. The firm has a market cap of $26.64 billion, a PE ratio of 22.78, a PEG ratio of 0.83 and a beta of 0.66. LPL Financial Holdings Inc. has a 12 month low of $204.41 and a 12 month high of $403.58. The company has a current ratio of 3.22, a quick ratio of 3.22 and a debt-to-equity ratio of 1.41.

LPL Financial (NASDAQ:LPLA - Get Free Report) last announced its earnings results on Thursday, July 31st. The financial services provider reported $4.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.21 by $0.30. The company had revenue of $3.84 billion during 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%. LPL Financial's quarterly revenue was up 30.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.88 earnings per share. Research analysts expect that LPL Financial Holdings Inc. will post 19.35 EPS for the current fiscal year.

LPL Financial Announces Dividend

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

Insider Activity

In other LPL Financial news, Director Aneri Jambusaria sold 80 shares of LPL Financial stock in a transaction that occurred 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 directly owned 5,582 shares in the company, valued at approximately $2,016,497.50. The trade was a 1.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Greg Gates sold 1,500 shares of LPL Financial stock in a transaction on 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 directly owned 19,120 shares of the company's stock, valued at approximately $7,151,836. This trade represents a 7.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,080 shares of company stock worth $1,163,920 over the last ninety days. 1.30% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. TD Cowen lowered LPL Financial from a "strong-buy" rating to a "hold" rating and dropped their price target for the company from $406.00 to $403.00 in a research report on Wednesday, July 9th. Wall Street Zen lowered shares of LPL Financial from a "buy" rating to a "hold" rating in a research report on Saturday, June 14th. Morgan Stanley reissued an "overweight" rating and set a $490.00 target price (up from $450.00) on shares of LPL Financial in a research report on Tuesday, July 15th. Wells Fargo & Company raised their price objective on shares of LPL Financial from $402.00 to $420.00 and gave the stock an "overweight" rating in a report on Friday, July 11th. Finally, Citigroup cut shares of LPL Financial from a "neutral" rating to a "sell" rating and set a $80.00 price target on the stock. in a research note on Wednesday, July 9th. Ten equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $383.33.

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.