International Assets Investment Management LLC Invests $26.84 Million in LPL Financial Holdings Inc. (NASDAQ:LPLA)

International Assets Investment Management LLC purchased a new position in LPL Financial Holdings Inc. (NASDAQ:LPLA - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 117,907 shares of the financial services provider's stock, valued at approximately $26,838,000. International Assets Investment Management LLC owned approximately 0.16% of LPL Financial as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Nisa Investment Advisors LLC grew its stake in shares of LPL Financial by 31.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 14,091 shares of the financial services provider's stock worth $3,207,000 after purchasing an additional 3,339 shares in the last quarter. Arlington Trust Co LLC bought a new position in shares of LPL Financial in the fourth quarter worth $89,000. Asset Management One Co. Ltd. grew its stake 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 worth $7,965,000 after purchasing an additional 4,686 shares in the last quarter. Venturi Wealth Management LLC boosted its stake in LPL Financial by 0.4% during the fourth quarter. Venturi Wealth Management LLC now owns 42,414 shares of the financial services provider's stock valued at $9,654,000 after buying an additional 183 shares in the last quarter. Finally, Integrated Investment Consultants LLC boosted its stake in LPL Financial by 26.9% during the fourth quarter. Integrated Investment Consultants LLC now owns 5,661 shares of the financial services provider's stock valued at $1,289,000 after buying an additional 1,199 shares in the last quarter. Institutional investors own 95.66% of the company's stock.

LPL Financial Stock Up 0.5 %

LPL Financial stock traded up $1.32 during mid-day trading on Friday, hitting $270.79. The company's stock had a trading volume of 480,869 shares, compared to its average volume of 533,351. The firm's 50 day moving average is $264.90 and its 200 day moving average is $243.19. The company has a market cap of $20.23 billion, a PE ratio of 20.45, a price-to-earnings-growth ratio of 1.08 and a beta of 0.83. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.77 and a quick ratio of 1.77. LPL Financial Holdings Inc. has a 52-week low of $179.00 and a 52-week high of $276.12.

LPL Financial (NASDAQ:LPLA - Get Free Report) last issued its earnings results on Thursday, February 1st. The financial services provider reported $3.51 earnings per share for the quarter, topping the consensus estimate of $3.33 by $0.18. LPL Financial had a return on equity of 56.36% and a net margin of 9.71%. The company had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same period in the prior year, the firm posted $4.21 EPS. The business's revenue was up 13.3% compared to the same quarter last year. On average, analysts anticipate that LPL Financial Holdings Inc. will post 15.84 earnings per share for the current year.

LPL Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Tuesday, May 21st will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.44%. The ex-dividend date is Monday, May 20th. LPL Financial's payout ratio is currently 9.06%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on LPLA. UBS Group raised their target price on LPL Financial from $260.00 to $267.00 and gave the company a "neutral" rating in a research note on Wednesday, February 14th. Barclays raised their target price on LPL Financial from $302.00 to $312.00 and gave the company an "overweight" rating in a research note on Monday, April 8th. TD Cowen raised their target price on LPL Financial from $269.00 to $271.00 and gave the company a "hold" rating in a research note on Wednesday. Raymond James started coverage on LPL Financial in a report on Thursday, April 4th. They set an "underperform" rating for the company. Finally, JPMorgan Chase & Co. upped their target price on LPL Financial from $254.00 to $260.00 and gave the company a "neutral" rating in a report on Tuesday, April 2nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $276.20.

Insiders Place Their Bets

In other LPL Financial news, CEO Dan H. Arnold sold 10,000 shares of the company's stock in a transaction dated Tuesday, February 20th. The stock was 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 directly owns 137,044 shares of the company's stock, valued at approximately $35,131,229.40. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CEO Dan H. Arnold sold 7,089 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $265.66, for a total transaction of $1,883,263.74. Following the transaction, the chief executive officer now owns 133,169 shares of the company's stock, valued at approximately $35,377,676.54. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Dan H. Arnold sold 10,000 shares of the stock in a transaction dated 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 directly owns 137,044 shares in the company, valued at approximately $35,131,229.40. The disclosure for this sale can be found here. Insiders have sold a total of 60,151 shares of company stock valued at $15,911,088 in the last three months. Insiders own 1.30% of the company's stock.

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.