LPL Financial Holdings Inc. (NASDAQ:LPLA) Shares Acquired by Lynwood Price Capital Management LP

Key Points

• Lynwood Price Capital Management LP increased its stake in LPL Financial Holdings Inc. by 47.9% in Q1, now holding 52,500 shares, making it the firm's 3rd largest position.
• Several institutional investors, including Bank of Montreal Can and Merit Financial Group LLC, also significantly raised their stakes in LPL Financial during the last quarter.
• LPL Financial's recent earnings report beat analyst expectations, with an EPS of $4.51 and revenue of $3.84 billion, indicating a 30.8% year-over-year increase.

Lynwood Price Capital Management LP boosted its position in shares of LPL Financial Holdings Inc. (NASDAQ:LPLA - Free Report) by 47.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 52,500 shares of the financial services provider's stock after purchasing an additional 17,000 shares during the quarter. LPL Financial comprises about 9.8% of Lynwood Price Capital Management LP's holdings, making the stock its 3rd biggest holding. Lynwood Price Capital Management LP owned 0.07% of LPL Financial worth $17,175,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in LPLA. Anchor Investment Management LLC grew its stake in shares of LPL Financial by 0.3% during the fourth quarter. Anchor Investment Management LLC now owns 9,697 shares of the financial services provider's stock worth $3,166,000 after acquiring an additional 28 shares during the last quarter. Colonial Trust Co SC grew 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 valued at $165,000 after acquiring an additional 29 shares during the period. United Capital Financial Advisors LLC grew its stake in LPL Financial by 2.6% in 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 acquiring an additional 31 shares during the period. Koshinski Asset Management Inc. lifted its holdings 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 valued at $266,000 after purchasing an additional 38 shares in the last quarter. Finally, Mariner LLC lifted its holdings in LPL Financial by 0.3% in the 4th quarter. Mariner LLC now owns 12,611 shares of the financial services provider's stock valued at $4,117,000 after purchasing an additional 39 shares in the last quarter. Hedge funds and other institutional investors own 95.66% of the company's stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Wells Fargo & Company raised their price objective on LPL Financial from $402.00 to $420.00 and gave the stock an "overweight" rating in a research report on Friday, July 11th. Morgan Stanley reaffirmed an "overweight" rating and issued a $490.00 price target (up from $450.00) on shares of LPL Financial in a report on Tuesday, July 15th. TD Cowen downgraded LPL Financial from a "strong-buy" rating to a "hold" rating and lowered their price target for the company from $406.00 to $403.00 in a report on Wednesday, July 9th. Barclays boosted their price objective on LPL Financial from $460.00 to $463.00 and gave the company an "overweight" rating in a research note on Friday. Finally, Wall Street Zen cut LPL Financial from a "buy" rating to a "hold" rating in a research note on Saturday, June 14th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $383.58.

Insider Buying and Selling at LPL Financial

In other news, Director Greg Gates sold 1,500 shares of the stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $382.63, for a total value of $573,945.00. Following the transaction, the director owned 20,620 shares of the company's stock, valued at $7,889,830.60. This represents a 6.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.30% of the stock is currently owned by company insiders.

LPL Financial Stock Performance

LPLA traded down $1.40 on Tuesday, hitting $373.17. 318,477 shares of the stock traded hands, compared to its average volume of 822,799. LPL Financial Holdings Inc. has a 52 week low of $187.19 and a 52 week high of $403.58. The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 1.82. The firm has a market capitalization of $29.84 billion, a PE ratio of 25.51, a P/E/G ratio of 0.90 and a beta of 0.66. The business has a fifty day moving average price of $378.57 and a two-hundred day moving average price of $355.27.

LPL Financial (NASDAQ:LPLA - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The financial services provider reported $4.51 earnings per share for the quarter, beating the consensus estimate of $4.21 by $0.30. The company had revenue of $3.84 billion for the quarter, compared to analyst estimates of $3.77 billion. LPL Financial had a return on equity of 47.01% and a net margin of 7.91%. The company's revenue was up 30.8% compared to the same quarter last year. During the same period in the prior year, the company posted $3.88 EPS. On average, research analysts predict that LPL Financial Holdings Inc. will post 19.35 EPS for the current fiscal year.

LPL Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.3%. LPL Financial's dividend payout ratio is 8.21%.

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.