LPL Financial Holdings Inc. (NASDAQ:LPLA) Shares Sold by Junto Capital Management LP

Junto Capital Management LP decreased its stake in shares of LPL Financial Holdings Inc. (NASDAQ:LPLA - Free Report) by 47.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 405,990 shares of the financial services provider's stock after selling 366,596 shares during the quarter. LPL Financial makes up 2.6% of Junto Capital Management LP's investment portfolio, making the stock its 8th biggest holding. Junto Capital Management LP owned approximately 0.54% of LPL Financial worth $132,560,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of LPLA. Graney & King LLC acquired a new stake in LPL Financial during the 4th quarter worth approximately $30,000. Itau Unibanco Holding S.A. acquired a new stake in LPL Financial during the 4th quarter worth approximately $42,000. Jones Financial Companies Lllp lifted its position in LPL Financial by 45.3% during the 4th quarter. Jones Financial Companies Lllp now owns 138 shares of the financial services provider's stock worth $45,000 after acquiring an additional 43 shares during the period. Atala Financial Inc acquired a new stake in LPL Financial during the 4th quarter worth approximately $59,000. Finally, Compass Financial Services Inc acquired a new stake in LPL Financial during the 4th quarter worth approximately $65,000. Hedge funds and other institutional investors own 95.66% of the company's stock.

LPL Financial Stock Up 0.5%

Shares of NASDAQ:LPLA traded up $2.06 during trading on Wednesday, hitting $385.05. The company's stock had a trading volume of 532,190 shares, compared to its average volume of 833,263. The company has a debt-to-equity ratio of 1.60, a quick ratio of 2.16 and a current ratio of 2.16. LPL Financial Holdings Inc. has a fifty-two week low of $187.19 and a fifty-two week high of $390.23. The stock's 50-day moving average price is $323.22 and its two-hundred day moving average price is $331.40. The company has a market capitalization of $30.55 billion, a PE ratio of 27.43, a PEG ratio of 0.94 and a beta of 0.65.

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

LPL Financial Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Citigroup reduced their price target on LPL Financial from $415.00 to $400.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. Morgan Stanley raised their price target on LPL Financial from $379.00 to $413.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. StockNews.com raised LPL Financial from a "sell" rating to a "hold" rating in a report on Tuesday. JPMorgan Chase & Co. raised their price target on LPL Financial from $397.00 to $405.00 and gave the company an "overweight" rating in a report on Friday, January 31st. Finally, Barclays raised their price objective on LPL Financial from $365.00 to $400.00 and gave the company an "overweight" rating in a research note on Monday. One equities research analyst has rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, LPL Financial currently has an average rating of "Moderate Buy" and an average price target of $374.42.

Insider Activity at LPL Financial

In other news, Director Marc Eliot Cohen sold 1,100 shares of the company's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $365.85, for a total transaction of $402,435.00. Following the completion of the transaction, the director now directly owns 4,075 shares of the company's stock, valued at approximately $1,490,838.75. This represents a 21.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Matthew J. Audette sold 4,588 shares of the company's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $360.07, for a total value of $1,652,001.16. Following the transaction, the chief financial officer now directly owns 16,538 shares of the company's stock, valued at $5,954,837.66. This trade represents a 21.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.

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.