Lynwood Price Capital Management LP Grows Stake in LPL Financial Holdings Inc. $LPLA

Lynwood Price Capital Management LP increased its holdings in LPL Financial Holdings Inc. (NASDAQ:LPLA) by 2.9% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 54,000 shares of the financial services provider’s stock after purchasing an additional 1,500 shares during the quarter. LPL Financial comprises about 10.1% of Lynwood Price Capital Management LP’s portfolio, making the stock its 5th biggest holding. Lynwood Price Capital Management LP’s holdings in LPL Financial were worth $20,248,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Summit Securities Group LLC acquired a new position in LPL Financial during the 1st quarter valued at about $26,000. Millstone Evans Group LLC lifted its position in LPL Financial by 123.1% in the first quarter. Millstone Evans Group LLC now owns 87 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 48 shares during the period. Private Trust Co. NA boosted its stake in LPL Financial by 234.5% during the 1st quarter. Private Trust Co. NA now owns 97 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 68 shares in the last quarter. TCTC Holdings LLC increased its position in shares of LPL Financial by 116.7% during the 1st quarter. TCTC Holdings LLC now owns 104 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 56 shares during the period. Finally, Maseco LLP bought a new stake in shares of LPL Financial in the 2nd quarter worth $34,000. Institutional investors and hedge funds own 95.66% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Rothschild Redb cut LPL Financial from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 19th. UBS Group set a $455.00 target price on shares of LPL Financial in a report on Thursday, October 9th. Morgan Stanley cut their price objective on LPL Financial from $490.00 to $462.00 and set an “overweight” rating for the company in a research report on Wednesday, October 1st. TD Cowen lowered LPL Financial from a “strong-buy” rating to a “hold” rating and cut their target price for the stock from $406.00 to $403.00 in a research report on Wednesday, July 9th. Finally, Citizens Jmp increased their price target on LPL Financial from $455.00 to $475.00 and gave the company a “market outperform” rating in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $428.50.

Insider Transactions at LPL Financial

In other news, Director Greg Gates sold 750 shares of the stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $314.42, for a total transaction of $235,815.00. Following the transaction, the director owned 16,870 shares of the company’s stock, valued at approximately $5,304,265.40. This represents a 4.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Aneri Jambusaria sold 80 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $361.25, for a total value of $28,900.00. Following the completion of the sale, the director owned 5,582 shares of the company’s stock, valued at approximately $2,016,497.50. This trade represents a 1.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 3,830 shares of company stock valued at $1,333,105 in the last ninety days. Insiders own 0.70% of the company’s stock.

LPL Financial Stock Up 11.5%

Shares of LPL Financial stock opened at $377.31 on Monday. The firm has a market cap of $30.18 billion, a price-to-earnings ratio of 34.74, a P/E/G ratio of 0.88 and a beta of 0.63. The stock has a 50-day simple moving average of $339.77 and a 200-day simple moving average of $356.63. LPL Financial Holdings Inc. has a 52-week low of $262.83 and a 52-week high of $403.58. The company has a debt-to-equity ratio of 1.41, a current ratio of 3.22 and a quick ratio of 3.22.

LPL Financial (NASDAQ:LPLA) last announced its quarterly earnings results on Thursday, October 30th. The financial services provider reported $5.20 EPS for the quarter, topping the consensus estimate of $4.49 by $0.71. The company had revenue of $4.55 billion for the quarter, compared to analyst estimates of $4.08 billion. LPL Financial had a net margin of 5.35% and a return on equity of 40.11%. LPL Financial’s quarterly revenue was up 46.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $4.16 EPS. On average, equities research analysts expect that LPL Financial Holdings Inc. will post 19.35 earnings per share for the current fiscal year.

LPL Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Thursday, November 13th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.3%. The ex-dividend date is Thursday, November 13th. LPL Financial’s dividend payout ratio (DPR) is 11.05%.

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.