Mn Services Vermogensbeheer B.V. Acquires 700 Shares of LPL Financial Holdings Inc. (NASDAQ:LPLA)

Mn Services Vermogensbeheer B.V. increased its holdings in LPL Financial Holdings Inc. (NASDAQ:LPLA) by 2.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,800 shares of the financial services provider’s stock after acquiring an additional 700 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in LPL Financial were worth $9,730,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Wealth Alliance increased its stake in shares of LPL Financial by 2.1% in the 4th quarter. Wealth Alliance now owns 1,483 shares of the financial services provider’s stock worth $484,000 after acquiring an additional 30 shares in the last quarter. Sanchez Wealth Management Group increased its stake in LPL Financial by 2.1% during the 4th quarter. Sanchez Wealth Management Group now owns 1,686 shares of the financial services provider’s stock valued at $551,000 after purchasing an additional 35 shares in the last quarter. Mather Group LLC. increased its stake in LPL Financial by 4.1% during the 4th quarter. Mather Group LLC. now owns 916 shares of the financial services provider’s stock valued at $299,000 after purchasing an additional 36 shares in the last quarter. Bridges Investment Management Inc. increased its stake in LPL Financial by 3.2% during the 3rd quarter. Bridges Investment Management Inc. now owns 1,185 shares of the financial services provider’s stock valued at $276,000 after purchasing an additional 37 shares in the last quarter. Finally, Avior Wealth Management LLC increased its stake in LPL Financial by 1.8% during the 3rd quarter. Avior Wealth Management LLC now owns 2,416 shares of the financial services provider’s stock valued at $562,000 after purchasing an additional 42 shares in the last quarter. 95.66% of the stock is currently owned by institutional investors.

LPL Financial Stock Performance

LPLA opened at $371.74 on Friday. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 1.60. The company has a market cap of $27.72 billion, a price-to-earnings ratio of 26.48, a PEG ratio of 0.94 and a beta of 0.87. The company’s 50 day moving average is $351.92 and its 200 day moving average is $294.33. LPL Financial Holdings Inc. has a 12-month low of $187.19 and a 12-month high of $384.04.

LPL Financial (NASDAQ:LPLA) last posted its quarterly earnings data on Thursday, January 30th. The financial services provider reported $4.25 earnings per share (EPS) for the quarter, topping 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 predict that LPL Financial Holdings Inc. will post 19.35 EPS for the current year.

LPL Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.32%. The ex-dividend date is Tuesday, March 11th. LPL Financial’s payout ratio is 8.55%.

Insider Buying and Selling at LPL Financial

In other LPL Financial news, Director Aneri Jambusaria sold 305 shares of LPL Financial stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $331.94, for a total transaction of $101,241.70. Following the transaction, the director now owns 3,920 shares of the company’s stock, valued at $1,301,204.80. The trade was a 7.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Matthew J. Audette sold 28,777 shares of LPL Financial stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $365.14, for a total transaction of $10,507,633.78. Following the transaction, the chief financial officer now directly owns 13,663 shares in the company, valued at $4,988,907.82. This represents a 67.81 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 34,770 shares of company stock valued at $12,663,312 over the last 90 days. 1.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have weighed in on LPLA shares. Wells Fargo & Company raised their price objective on shares of LPL Financial from $390.00 to $405.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Citigroup raised their price objective on shares of LPL Financial from $310.00 to $385.00 and gave the company a “buy” rating in a research note on Friday, January 10th. JMP Securities restated a “market outperform” rating and set a $435.00 price objective on shares of LPL Financial in a research note on Friday, January 31st. UBS Group raised their price target on shares of LPL Financial from $390.00 to $420.00 and gave the company a “buy” rating in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. raised their price target on shares of LPL Financial from $397.00 to $405.00 and gave the company an “overweight” rating in a report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, LPL Financial presently has a consensus rating of “Moderate Buy” and an average price target of $379.17.

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.