Retireful LLC Has $1.24 Million Position in LPL Financial Holdings Inc. (NASDAQ:LPLA)

Retireful LLC trimmed its position in LPL Financial Holdings Inc. (NASDAQ:LPLA - Free Report) by 17.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,680 shares of the financial services provider's stock after selling 780 shares during the quarter. LPL Financial accounts for 1.2% of Retireful LLC's portfolio, making the stock its 25th largest position. Retireful LLC's holdings in LPL Financial were worth $1,240,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Thrive Wealth Management LLC boosted its holdings in LPL Financial by 13.6% during the first quarter. Thrive Wealth Management LLC now owns 1,404 shares of the financial services provider's stock valued at $459,000 after purchasing an additional 168 shares in the last quarter. KWB Wealth raised its holdings in shares of LPL Financial by 0.5% in the 1st quarter. KWB Wealth now owns 28,438 shares of the financial services provider's stock worth $9,285,000 after buying an additional 144 shares in the last quarter. Lifestyle Asset Management Inc. lifted its position in shares of LPL Financial by 9.2% during the 1st quarter. Lifestyle Asset Management Inc. now owns 981 shares of the financial services provider's stock worth $321,000 after buying an additional 83 shares during the period. Portside Wealth Group LLC boosted its stake in LPL Financial by 13.1% in the 1st quarter. Portside Wealth Group LLC now owns 1,043 shares of the financial services provider's stock valued at $341,000 after buying an additional 121 shares in the last quarter. Finally, Heritage Family Offices LLP boosted its stake in LPL Financial by 29.7% in the 1st quarter. Heritage Family Offices LLP now owns 2,269 shares of the financial services provider's stock valued at $742,000 after buying an additional 520 shares in the last quarter. Institutional investors and hedge funds own 95.66% of the company's stock.

LPL Financial Trading Up 2.3%

LPLA stock traded up $8.89 during trading on Friday, hitting $388.96. The company had a trading volume of 419,749 shares, compared to its average volume of 834,281. The firm has a 50-day moving average price of $340.28 and a 200-day moving average price of $340.86. LPL Financial Holdings Inc. has a 12 month low of $187.19 and a 12 month high of $390.23. The company has a quick ratio of 2.16, a current ratio of 2.16 and a debt-to-equity ratio of 1.60. The stock has a market cap of $31.11 billion, a price-to-earnings ratio of 27.70, a PEG ratio of 0.94 and a beta of 0.67.

LPL Financial (NASDAQ:LPLA - Get Free Report) last released its earnings results on Thursday, May 8th. The financial services provider reported $5.15 earnings per share for the quarter, topping analysts' consensus estimates of $4.54 by $0.61. The company had revenue of $3.67 billion during the quarter, compared to the consensus estimate of $3.63 billion. LPL Financial had a return on equity of 49.41% and a net margin of 8.55%. The firm's quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.83 earnings per share. As a group, analysts predict that LPL Financial Holdings Inc. will post 19.35 earnings per share for the current year.

LPL Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Friday, May 30th will be given a dividend of $0.30 per share. The ex-dividend date is Friday, May 30th. This represents a $1.20 dividend on an annualized basis and a yield of 0.31%. LPL Financial's payout ratio is presently 8.30%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on LPLA shares. Wells Fargo & Company dropped their price objective on LPL Financial from $405.00 to $342.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Citigroup dropped their target price on shares of LPL Financial from $415.00 to $400.00 and set a "buy" rating for the company in a research report on Wednesday, April 2nd. Barclays lifted their price target on shares of LPL Financial from $365.00 to $400.00 and gave the company an "overweight" rating in a report on Monday, May 12th. Morgan Stanley upped their price objective on shares of LPL Financial from $330.00 to $450.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 21st. Finally, Wall Street Zen raised shares of LPL Financial from a "hold" rating to a "buy" rating in a report on Thursday, May 29th. Thirteen equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, LPL Financial currently has a consensus rating of "Buy" and an average target price 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.