LPL Financial (NASDAQ:LPLA) Shares Down 0%

LPL Financial Holdings Inc. (NASDAQ:LPLA - Get Free Report)'s stock price fell 0% during trading on Wednesday . The company traded as low as $265.52 and last traded at $266.80. 30,207 shares traded hands during trading, a decline of 94% from the average session volume of 521,107 shares. The stock had previously closed at $266.90.

Analysts Set New Price Targets

A number of research firms have commented on LPLA. Morgan Stanley raised LPL Financial from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $254.00 to $315.00 in a report on Tuesday, April 9th. JPMorgan Chase & Co. raised their price target on LPL Financial from $254.00 to $260.00 and gave the company a "neutral" rating in a report on Tuesday, April 2nd. JMP Securities raised their price target on LPL Financial from $290.00 to $305.00 and gave the company a "market outperform" rating in a report on Tuesday, April 9th. Barclays raised their price target on LPL Financial from $302.00 to $312.00 and gave the company an "overweight" rating in a report on Monday, April 8th. Finally, UBS Group lifted their target price on LPL Financial from $260.00 to $267.00 and gave the stock a "neutral" rating in a report on Wednesday, February 14th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, LPL Financial currently has an average rating of "Hold" and a consensus price target of $268.36.

LPL Financial Trading Down 0.9 %

The company has a market cap of $19.76 billion, a PE ratio of 19.47, a price-to-earnings-growth ratio of 1.28 and a beta of 0.84. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.77 and a quick ratio of 1.77. The company has a 50-day moving average of $263.32 and a 200 day moving average of $241.30.

LPL Financial (NASDAQ:LPLA - Get Free Report) last released its quarterly earnings results on Thursday, February 1st. The financial services provider reported $3.51 EPS for the quarter, topping the consensus estimate of $3.33 by $0.18. The company had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.55 billion. LPL Financial had a return on equity of 57.68% and a net margin of 10.61%. The firm's revenue was up 13.3% on a year-over-year basis. During the same quarter last year, the business posted $4.21 earnings per share. Analysts predict that LPL Financial Holdings Inc. will post 15.55 earnings per share for the current year.

LPL Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Tuesday, March 12th were given a $0.30 dividend. The ex-dividend date of this dividend was Monday, March 11th. This represents a $1.20 annualized dividend and a yield of 0.45%. LPL Financial's dividend payout ratio is currently 8.79%.

Insider Buying and Selling

In other LPL Financial news, Director Kabir Sethi sold 1,300 shares of the business's stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $266.50, for a total transaction of $346,450.00. Following the completion of the transaction, the director now owns 10,245 shares in the company, valued at $2,730,292.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other LPL Financial news, Director Kabir Sethi sold 1,300 shares of the business's stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $266.50, for a total transaction of $346,450.00. Following the completion of the transaction, the director now owns 10,245 shares in the company, valued at $2,730,292.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Dan H. Arnold sold 10,000 shares of the business's stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $256.35, for a total value of $2,563,500.00. Following the transaction, the chief executive officer now owns 137,044 shares of the company's stock, valued at approximately $35,131,229.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 60,151 shares of company stock worth $15,911,088. Corporate insiders own 1.00% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Hudson Bay Capital Management LP boosted its holdings in shares of LPL Financial by 42.9% in the third quarter. Hudson Bay Capital Management LP now owns 50,000 shares of the financial services provider's stock valued at $11,882,000 after purchasing an additional 15,000 shares during the period. Asset Management One Co. Ltd. boosted its holdings in shares of LPL Financial by 15.5% in the fourth quarter. Asset Management One Co. Ltd. now owns 34,863 shares of the financial services provider's stock valued at $7,965,000 after purchasing an additional 4,686 shares during the period. NewEdge Wealth LLC boosted its holdings in shares of LPL Financial by 228.6% in the fourth quarter. NewEdge Wealth LLC now owns 55,827 shares of the financial services provider's stock valued at $12,707,000 after purchasing an additional 38,839 shares during the period. Reinhart Partners LLC. boosted its holdings in shares of LPL Financial by 6.2% in the fourth quarter. Reinhart Partners LLC. now owns 74,620 shares of the financial services provider's stock valued at $16,985,000 after purchasing an additional 4,333 shares during the period. Finally, Nordea Investment Management AB boosted its holdings in shares of LPL Financial by 3.6% in the fourth quarter. Nordea Investment Management AB now owns 5,629 shares of the financial services provider's stock valued at $1,287,000 after purchasing an additional 198 shares during the period. Hedge funds and other institutional investors own 95.66% of the company's stock.

LPL Financial Company 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.