OneDigital Investment Advisors LLC Lowers Holdings in LPL Financial Holdings Inc. (NASDAQ:LPLA)

OneDigital Investment Advisors LLC lessened its stake in shares of LPL Financial Holdings Inc. (NASDAQ:LPLA - Free Report) by 30.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,518 shares of the financial services provider's stock after selling 1,563 shares during the period. OneDigital Investment Advisors LLC's holdings in LPL Financial were worth $1,149,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of LPLA. Graney & King LLC acquired a new stake in LPL Financial during the 4th quarter valued at approximately $30,000. Jones Financial Companies Lllp raised its holdings in shares of LPL Financial by 45.3% during the fourth quarter. Jones Financial Companies Lllp now owns 138 shares of the financial services provider's stock worth $45,000 after purchasing an additional 43 shares during the last quarter. Atala Financial Inc acquired a new position in LPL Financial during the fourth quarter valued at $59,000. Compass Financial Services Inc purchased a new stake in LPL Financial in the fourth quarter valued at $65,000. Finally, R Squared Ltd acquired a new stake in LPL Financial during the 4th quarter worth about $78,000. Institutional investors and hedge funds own 95.66% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on LPLA. Morgan Stanley upped their target price on LPL Financial from $379.00 to $413.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. StockNews.com lowered LPL Financial from a "hold" rating to a "sell" rating in a research report on Wednesday, March 26th. Keefe, Bruyette & Woods lifted their target price on shares of LPL Financial from $390.00 to $405.00 and gave the company an "outperform" rating in a report on Friday, January 31st. Citigroup lowered their price target on shares of LPL Financial from $415.00 to $400.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. Finally, Barclays cut their price objective on shares of LPL Financial from $414.00 to $365.00 and set an "overweight" rating for the company in a report on Monday, April 7th. One research analyst has rated the stock with a sell rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $369.83.

Insider Buying and Selling

In other LPL Financial news, Director Marc Eliot Cohen sold 1,100 shares of the business's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $365.85, for a total value of $402,435.00. Following the transaction, the director now directly owns 4,075 shares in the company, valued at $1,490,838.75. The trade was a 21.26 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Matthew J. Audette sold 28,777 shares of the firm's stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $365.14, for a total transaction of $10,507,633.78. Following the sale, the chief financial officer now owns 13,663 shares of the company's stock, valued at $4,988,907.82. This represents a 67.81 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 34,465 shares of company stock worth $12,562,070. 1.30% of the stock is owned by corporate insiders.

LPL Financial Price Performance

Shares of NASDAQ LPLA traded down $4.32 during mid-day trading on Wednesday, reaching $315.01. The company's stock had a trading volume of 103,009 shares, compared to its average volume of 824,655. The stock has a 50-day moving average of $325.00 and a two-hundred day moving average of $325.02. The company has a debt-to-equity ratio of 1.60, a quick ratio of 2.16 and a current ratio of 2.16. The stock has a market capitalization of $25.00 billion, a P/E ratio of 22.41, a P/E/G ratio of 0.94 and a beta of 0.64. LPL Financial Holdings Inc. has a 1-year low of $187.19 and a 1-year high of $384.04.

LPL Financial (NASDAQ:LPLA - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The financial services provider reported $4.25 EPS for the quarter, beating analysts' consensus estimates of $4.01 by $0.24. LPL Financial had a net margin of 8.55% and a return on equity of 49.41%. On average, equities research analysts anticipate that LPL Financial Holdings Inc. will post 19.35 EPS for the current fiscal year.

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.