Deutsche Bank AG Takes Position in LPL Financial Holdings Inc. $LPLA

Deutsche Bank AG acquired a new position in LPL Financial Holdings Inc. (NASDAQ:LPLA) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 201,840 shares of the financial services provider’s stock, valued at approximately $56,854,000.

Other institutional investors have also recently made changes to their positions in the company. Osterweis Capital Management Inc. purchased a new position in LPL Financial in the 2nd quarter worth approximately $26,000. Clearstead Advisors LLC grew its holdings in LPL Financial by 3,650.0% during the 4th quarter. Clearstead Advisors LLC now owns 75 shares of the financial services provider’s stock valued at $27,000 after buying an additional 73 shares in the last quarter. Core Wealth Advisors LLC purchased a new stake in LPL Financial during the 4th quarter valued at approximately $36,000. Physician Wealth Advisors Inc. raised its position in shares of LPL Financial by 580.0% during the first quarter. Physician Wealth Advisors Inc. now owns 136 shares of the financial services provider’s stock valued at $41,000 after buying an additional 116 shares during the last quarter. Finally, Pinpoint Asset Management Singapore Pte. Ltd. bought a new stake in shares of LPL Financial during the fourth quarter valued at approximately $50,000. Hedge funds and other institutional investors own 95.66% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on LPLA shares. Morgan Stanley upped their target price on shares of LPL Financial from $374.00 to $387.00 and gave the stock an “overweight” rating in a research report on Friday, July 10th. Wolfe Research reaffirmed an “outperform” rating and set a $454.00 target price on shares of LPL Financial in a research note on Wednesday, August 12th. Barclays lifted their price target on shares of LPL Financial from $394.00 to $401.00 and gave the company an “overweight” rating in a report on Friday, July 31st. UBS Group decreased their price target on shares of LPL Financial from $395.00 to $391.00 and set a “buy” rating on the stock in a research note on Wednesday, July 8th. Finally, JPMorgan Chase & Co. increased their price objective on shares of LPL Financial from $408.00 to $428.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Twelve equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, LPL Financial has a consensus rating of “Moderate Buy” and an average price target of $406.69.

Insider Transactions at LPL Financial

In other news, Director Matthew Enyedi sold 1,000 shares of the company’s stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $352.72, for a total transaction of $352,720.00. Following the sale, the director directly owned 13,121 shares in the company, valued at approximately $4,628,039.12. This represents a 7.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Aneri Jambusaria sold 308 shares of the stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $306.00, for a total transaction of $94,248.00. Following the completion of the transaction, the director directly owned 6,415 shares of the company’s stock, valued at approximately $1,962,990. The trade was a 4.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.60% of the company’s stock.

LPL Financial Stock Down 1.5%

Shares of LPLA opened at $354.02 on Friday. The business’s 50 day simple moving average is $325.27 and its 200-day simple moving average is $315.54. LPL Financial Holdings Inc. has a 1 year low of $260.15 and a 1 year high of $400.16. The stock has a market capitalization of $27.88 billion, a price-to-earnings ratio of 28.23, a price-to-earnings-growth ratio of 0.60 and a beta of 0.48. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.39 and a quick ratio of 2.39.

LPL Financial (NASDAQ:LPLA) last released its quarterly earnings results on Thursday, July 30th. The financial services provider reported $5.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.39 by $0.45. LPL Financial had a net margin of 5.13% and a return on equity of 32.20%. The company had revenue of $5.19 billion for the quarter, compared to the consensus estimate of $5.04 billion. During the same quarter in the prior year, the firm earned $4.51 earnings per share. LPL Financial’s revenue was up 35.2% on a year-over-year basis. As a group, equities analysts expect that LPL Financial Holdings Inc. will post 24.09 earnings per share for the current fiscal year.

LPL Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be issued a $0.30 dividend. The ex-dividend date is Friday, August 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.3%. LPL Financial’s payout ratio is 9.57%.

LPL Financial Company Profile

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.