Two Sigma Securities LLC Has $324,000 Position in LPL Financial Holdings Inc. (NASDAQ:LPLA)

Two Sigma Securities LLC raised its stake in shares of LPL Financial Holdings Inc. (NASDAQ:LPLA) by 37.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 993 shares of the financial services provider’s stock after buying an additional 271 shares during the period. Two Sigma Securities LLC’s holdings in LPL Financial were worth $324,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of LPLA. Principal Financial Group Inc. lifted its stake in shares of LPL Financial by 15.7% in the 3rd quarter. Principal Financial Group Inc. now owns 25,418 shares of the financial services provider’s stock valued at $5,913,000 after purchasing an additional 3,444 shares during the last quarter. Truist Financial Corp lifted its stake in shares of LPL Financial by 7.9% in the 4th quarter. Truist Financial Corp now owns 192,153 shares of the financial services provider’s stock valued at $62,740,000 after purchasing an additional 14,106 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of LPL Financial by 4.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 31,209 shares of the financial services provider’s stock valued at $10,190,000 after purchasing an additional 1,383 shares during the last quarter. Bank of Montreal Can lifted its position in LPL Financial by 46.9% during the 4th quarter. Bank of Montreal Can now owns 59,910 shares of the financial services provider’s stock worth $19,561,000 after acquiring an additional 19,126 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in LPL Financial by 4.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 335,749 shares of the financial services provider’s stock valued at $109,625,000 after acquiring an additional 13,936 shares during the period. Institutional investors and hedge funds own 95.66% of the company’s stock.

LPL Financial Price Performance

Shares of LPLA stock opened at $315.43 on Tuesday. The stock’s fifty day simple moving average is $326.20 and its 200 day simple moving average is $325.06. The company has a debt-to-equity ratio of 1.60, a current ratio of 2.16 and a quick ratio of 2.16. The firm has a market cap of $25.03 billion, a price-to-earnings ratio of 22.47, a P/E/G ratio of 0.94 and a beta of 0.64. LPL Financial Holdings Inc. has a one year low of $187.19 and a one year high of $384.04.

LPL Financial (NASDAQ:LPLA) last announced its quarterly earnings results on Thursday, January 30th. The financial services provider reported $4.25 EPS for the quarter, beating the consensus estimate of $4.01 by $0.24. LPL Financial had a return on equity of 49.41% and a net margin of 8.55%. On average, analysts expect that LPL Financial Holdings Inc. will post 19.35 earnings per share for the current fiscal year.

Insider Activity at LPL Financial

In other LPL Financial news, Director Marc Eliot Cohen sold 1,100 shares of LPL Financial stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $365.85, for a total value of $402,435.00. Following the completion of the transaction, the director now owns 4,075 shares in the company, valued at approximately $1,490,838.75. The trade was a 21.26 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Matthew J. Audette sold 4,588 shares of LPL Financial stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $360.07, for a total value of $1,652,001.16. Following the completion of the transaction, the chief financial officer now owns 16,538 shares of the company’s stock, valued at approximately $5,954,837.66. The trade was a 21.72 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 34,465 shares of company stock valued at $12,562,070 in the last 90 days. 1.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on LPLA. JMP Securities dropped their price objective on LPL Financial from $435.00 to $420.00 and set a “market outperform” rating on the stock in a research note on Tuesday, April 8th. Wells Fargo & Company lowered their target price on LPL Financial from $405.00 to $342.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Barclays lowered their target price on LPL Financial from $414.00 to $365.00 and set an “overweight” rating on the stock in a report on Monday, April 7th. JPMorgan Chase & Co. raised their target price on LPL Financial from $397.00 to $405.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Finally, Citigroup lowered their target price on LPL Financial from $415.00 to $400.00 and set a “buy” rating on the stock in a report on Wednesday, April 2nd. One equities research analyst has rated the stock with a sell rating and twelve have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $369.83.

About LPL Financial

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.