LPL Financial Holdings Inc (NASDAQ:LPLA) Director John Andrew Kalbaugh sold 32,120 shares of LPL Financial stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $80.28, for a total value of $2,578,593.60. Following the sale, the director now owns 24,096 shares of the company’s stock, valued at $1,934,426.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of LPL Financial stock traded up $0.84 during trading on Thursday, hitting $81.91. 451,154 shares of the stock traded hands, compared to its average volume of 714,471. The firm has a market cap of $6.67 billion, a P/E ratio of 15.37, a price-to-earnings-growth ratio of 0.75 and a beta of 1.37. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 2.55. LPL Financial Holdings Inc has a 52-week low of $52.03 and a 52-week high of $89.89. The stock’s fifty day simple moving average is $76.85 and its 200 day simple moving average is $78.17.

LPL Financial (NASDAQ:LPLA) last announced its quarterly earnings results on Thursday, July 25th. The financial services provider reported $1.85 EPS for the quarter, beating the consensus estimate of $1.73 by $0.12. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.40 billion. LPL Financial had a return on equity of 57.63% and a net margin of 9.77%. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.30 earnings per share. As a group, equities analysts expect that LPL Financial Holdings Inc will post 7.12 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Tuesday, August 13th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.00 annualized dividend and a dividend yield of 1.22%. LPL Financial’s dividend payout ratio is currently 18.76%.

Several institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC grew its stake in LPL Financial by 19.2% in the fourth quarter. Geode Capital Management LLC now owns 1,192,078 shares of the financial services provider’s stock valued at $72,811,000 after purchasing an additional 191,891 shares during the last quarter. SG Americas Securities LLC purchased a new position in LPL Financial in the first quarter valued at about $105,000. Alps Advisors Inc. purchased a new position in LPL Financial in the first quarter valued at about $383,000. Boston Partners grew its stake in LPL Financial by 13.9% in the first quarter. Boston Partners now owns 93,195 shares of the financial services provider’s stock valued at $6,491,000 after purchasing an additional 11,338 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System grew its stake in LPL Financial by 3.1% in the first quarter. State Board of Administration of Florida Retirement System now owns 112,194 shares of the financial services provider’s stock valued at $7,814,000 after purchasing an additional 3,362 shares during the last quarter. Hedge funds and other institutional investors own 94.57% of the company’s stock.

Several analysts have recently weighed in on LPLA shares. BidaskClub upgraded LPL Financial from a “sell” rating to a “hold” rating in a research report on Thursday. Citigroup cut their price target on LPL Financial from $102.00 to $100.00 and set a “buy” rating on the stock in a research note on Tuesday, July 9th. Credit Suisse Group raised their price target on LPL Financial from $108.00 to $110.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Zacks Investment Research lowered LPL Financial from a “hold” rating to a “sell” rating in a research note on Saturday, July 27th. Finally, ValuEngine upgraded LPL Financial from a “sell” rating to a “hold” rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $87.19.

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 financial institutions in the United States. Its brokerage offerings include variable and fixed annuities, mutual funds, equities, retirement and 529 education savings plans, fixed income, and insurance, as well as alternative investments, such as non-traded real estate investment trusts and business development companies.

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Insider Buying and Selling by Quarter for LPL Financial (NASDAQ:LPLA)

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