Dimensional Fund Advisors LP Purchases 340,209 Shares of LPL Financial Holdings Inc (LPLA)
Dimensional Fund Advisors LP boosted its position in LPL Financial Holdings Inc (NASDAQ:LPLA) by 34.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,333,941 shares of the company’s stock after buying an additional 340,209 shares during the period. Dimensional Fund Advisors LP owned 1.50% of LPL Financial Holdings worth $46,967,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in LPLA. Integrated Investment Consultants LLC increased its stake in LPL Financial Holdings by 9.4% in the third quarter. Integrated Investment Consultants LLC now owns 4,675 shares of the company’s stock worth $149,000 after buying an additional 400 shares during the period. TLP Group LLC purchased a new stake in LPL Financial Holdings during the third quarter worth $164,000. Royal Bank of Canada increased its stake in LPL Financial Holdings by 673.9% in the second quarter. Royal Bank of Canada now owns 7,507 shares of the company’s stock worth $169,000 after buying an additional 6,537 shares during the period. Aperio Group LLC purchased a new stake in LPL Financial Holdings during the third quarter worth $236,000. Finally, Nisa Investment Advisors LLC increased its stake in LPL Financial Holdings by 700.0% in the third quarter. Nisa Investment Advisors LLC now owns 8,000 shares of the company’s stock worth $239,000 after buying an additional 7,000 shares during the period.
Shares of LPL Financial Holdings Inc (NASDAQ:LPLA) opened at 41.03 on Tuesday. The firm has a market capitalization of $3.66 billion, a P/E ratio of 19.26 and a beta of 1.85. LPL Financial Holdings Inc has a 52-week low of $20.51 and a 52-week high of $42.86. The company’s 50-day moving average price is $39.81 and its 200-day moving average price is $35.68.
LPL Financial Holdings (NASDAQ:LPLA) last released its earnings results on Thursday, February 9th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.10. The company earned $1.01 billion during the quarter, compared to analyst estimates of $1.01 billion. LPL Financial Holdings had a return on equity of 25.39% and a net margin of 4.74%. The company’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.28 earnings per share. On average, equities research analysts expect that LPL Financial Holdings Inc will post $2.25 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 24th. Investors of record on Friday, March 10th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, March 8th. This represents a $1.00 annualized dividend and a dividend yield of 2.44%. LPL Financial Holdings’s dividend payout ratio is 46.95%.
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A number of equities research analysts recently weighed in on LPLA shares. Zacks Investment Research raised LPL Financial Holdings from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research report on Tuesday, December 13th. Goldman Sachs Group Inc started coverage on LPL Financial Holdings in a research report on Monday. They set a “conviction-buy” rating and a $47.00 target price on the stock. Finally, SunTrust Banks, Inc. reissued a “hold” rating and set a $42.00 target price on shares of LPL Financial Holdings in a research report on Friday. One analyst has rated the stock with a sell rating, six have assigned a hold rating, two have given a buy rating and two have given a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $33.66.
In related news, CEO Dan H. Arnold sold 15,428 shares of the stock in a transaction on Tuesday, March 14th. The stock was sold at an average price of $39.14, for a total transaction of $603,851.92. Following the completion of the sale, the chief executive officer now directly owns 230,112 shares in the company, valued at $9,006,583.68. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Tracy Calder sold 6,465 shares of the stock in a transaction on Monday, March 13th. The stock was sold at an average price of $39.31, for a total value of $254,139.15. Following the sale, the insider now owns 34,165 shares of the company’s stock, valued at $1,343,026.15. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,615,952 shares of company stock valued at $65,039,461. 5.70% of the stock is owned by corporate insiders.
LPL Financial Holdings Company Profile
LPL Financial Holdings Inc is a broker-dealer, a custodian for registered investment advisors (RIAs) and an independent consultant to retirement plans. The Company provides a platform of brokerage and investment advisory services to independent financial advisors (its advisors), including financial advisors at approximately 700 financial institutions across the country.
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