LPL Financial Holdings Inc. (NASDAQ:LPLA) Shares Sold by Tidal Investments LLC

Tidal Investments LLC lessened its stake in shares of LPL Financial Holdings Inc. (NASDAQ:LPLA - Free Report) by 52.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,656 shares of the financial services provider's stock after selling 4,006 shares during the quarter. Tidal Investments LLC's holdings in LPL Financial were worth $1,194,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in LPLA. Graney & King LLC purchased a new position in shares of LPL Financial during the 4th quarter worth approximately $30,000. Itau Unibanco Holding S.A. purchased a new position in shares of LPL Financial during the fourth quarter worth $42,000. Jones Financial Companies Lllp boosted its position in shares of LPL Financial by 45.3% during the fourth quarter. Jones Financial Companies Lllp now owns 138 shares of the financial services provider's stock worth $45,000 after buying an additional 43 shares during the period. Atala Financial Inc acquired a new stake in shares of LPL Financial in the fourth quarter valued at $59,000. Finally, Compass Financial Services Inc purchased a new stake in shares of LPL Financial in the 4th quarter valued at $65,000. 95.66% of the stock is currently owned by institutional investors and hedge funds.

LPL Financial Stock Down 0.3%

Shares of LPLA traded down $1.15 during mid-day trading on Friday, reaching $386.10. The company's stock had a trading volume of 114,919 shares, compared to its average volume of 834,198. The company has a debt-to-equity ratio of 1.60, a current ratio of 2.16 and a quick ratio of 2.16. LPL Financial Holdings Inc. has a 12-month low of $187.19 and a 12-month high of $390.23. The stock has a market cap of $30.88 billion, a PE ratio of 27.58, a price-to-earnings-growth ratio of 0.94 and a beta of 0.65. The company's 50 day moving average is $335.66 and its 200 day moving average is $338.55.

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 8.55% and a return on equity of 49.41%. 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. Equities analysts anticipate that LPL Financial Holdings Inc. will post 19.35 EPS for the current fiscal year.

LPL Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Friday, May 30th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.20 annualized dividend and a yield of 0.31%. LPL Financial's dividend payout ratio is currently 8.30%.

Wall Street Analysts Forecast Growth

LPLA has been the subject of a number of research analyst reports. UBS Group raised their target price on LPL Financial from $390.00 to $420.00 and gave the company a "buy" rating in a report on Friday, January 31st. JPMorgan Chase & Co. lifted their price objective on shares of LPL Financial from $397.00 to $405.00 and gave the company an "overweight" rating in a report on Friday, January 31st. Wall Street Zen raised shares of LPL Financial from a "hold" rating to a "buy" rating in a research note on Thursday. Citigroup reduced their target price on shares of LPL Financial from $415.00 to $400.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. Finally, Barclays boosted their price target on shares of LPL Financial from $365.00 to $400.00 and gave the stock an "overweight" rating in a research note on Monday, May 12th. Thirteen research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $377.50.

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.