Vise Technologies Inc. Has $1.54 Million Position in LPL Financial Holdings Inc. $LPLA

Vise Technologies Inc. grew its stake in LPL Financial Holdings Inc. (NASDAQ:LPLA) by 134.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,317 shares of the financial services provider’s stock after purchasing an additional 2,479 shares during the period. Vise Technologies Inc.’s holdings in LPL Financial were worth $1,542,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Daiwa Securities Group Inc. boosted its stake in shares of LPL Financial by 5.7% in the 4th quarter. Daiwa Securities Group Inc. now owns 12,473 shares of the financial services provider’s stock valued at $4,455,000 after purchasing an additional 668 shares in the last quarter. State of Wyoming boosted its stake in shares of LPL Financial by 19.0% in the 4th quarter. State of Wyoming now owns 269 shares of the financial services provider’s stock valued at $96,000 after purchasing an additional 43 shares in the last quarter. Cibc World Market Inc. raised its holdings in LPL Financial by 0.8% in the 4th quarter. Cibc World Market Inc. now owns 6,791 shares of the financial services provider’s stock valued at $2,426,000 after buying an additional 53 shares during the last quarter. Lido Advisors LLC raised its holdings in LPL Financial by 4.6% in the 4th quarter. Lido Advisors LLC now owns 1,929 shares of the financial services provider’s stock valued at $646,000 after buying an additional 84 shares during the last quarter. Finally, Goldstein Advisors LLC raised its holdings in LPL Financial by 4.8% in the 4th quarter. Goldstein Advisors LLC now owns 634 shares of the financial services provider’s stock valued at $226,000 after buying an additional 29 shares during the last quarter. 95.66% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on LPLA shares. UBS Group raised their price objective on shares of LPL Financial from $380.00 to $395.00 and gave the company a “buy” rating in a report on Friday, May 1st. Weiss Ratings reiterated a “hold (c)” rating on shares of LPL Financial in a report on Monday, April 27th. TD Cowen dropped their price objective on shares of LPL Financial from $330.00 to $326.00 and set a “hold” rating for the company in a report on Friday, May 1st. Barclays raised their price objective on shares of LPL Financial from $369.00 to $412.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Finally, Keefe, Bruyette & Woods started coverage on shares of LPL Financial in a report on Wednesday, April 8th. They issued an “outperform” rating and a $350.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $398.86.

LPL Financial Price Performance

LPL Financial stock opened at $288.49 on Monday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 2.56 and a current ratio of 2.56. LPL Financial Holdings Inc. has a 52-week low of $260.15 and a 52-week high of $403.58. The firm has a 50 day moving average price of $302.79 and a two-hundred day moving average price of $331.74. The firm has a market cap of $23.07 billion, a price-to-earnings ratio of 25.76, a PEG ratio of 0.59 and a beta of 0.50.

LPL Financial (NASDAQ:LPLA) last released its quarterly earnings results on Thursday, April 30th. The financial services provider reported $5.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.49 by $0.11. LPL Financial had a net margin of 4.93% and a return on equity of 31.26%. The firm had revenue of $4.94 billion during the quarter, compared to analyst estimates of $4.98 billion. During the same quarter last year, the business earned $5.15 EPS. The company’s revenue was up 34.6% compared to the same quarter last year. Equities analysts predict that LPL Financial Holdings Inc. will post 22.98 EPS for the current year.

LPL Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 21st were issued a dividend of $0.30 per share. The ex-dividend date was Thursday, May 21st. This represents a $1.20 annualized dividend and a yield of 0.4%. LPL Financial’s dividend payout ratio (DPR) is presently 10.71%.

Insider Activity at LPL Financial

In other LPL Financial news, Director Marc Eliot Cohen sold 1,088 shares of the firm’s stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $309.72, for a total transaction of $336,975.36. Following the completion of the transaction, the director owned 4,400 shares in the company, valued at approximately $1,362,768. This trade represents a 19.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Matthew J. Audette sold 1,110 shares of the firm’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $330.01, for a total transaction of $366,311.10. Following the transaction, the chief financial officer owned 19,803 shares of the company’s stock, valued at approximately $6,535,188.03. The trade was a 5.31% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 2,667 shares of company stock valued at $855,871. Company insiders own 0.60% of the company’s stock.

About LPL Financial

LPL Financial (NASDAQ: LPLA) is a U.S.-focused financial services firm that provides brokerage, custodial and advisory platforms to independent financial advisors, registered investment advisers and institutions. Operating primarily as an independent broker-dealer and custodian, the company supports a network of advisors with the operational, compliance and clearing infrastructure needed to manage client accounts and deliver investment advice outside of traditional wirehouse models.

The firm’s product and service offerings include trade execution and clearing, custody services, retirement plan services, model portfolio and advisory platforms, wealth management technology, investment research and product access across equities, fixed income, mutual funds, exchange-traded funds and insurance and annuity solutions.