State Street Corp raised its position in LPL Financial Holdings Inc (NASDAQ:LPLA) by 1.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,184,737 shares of the company’s stock after buying an additional 20,324 shares during the period. State Street Corp owned approximately 1.33% of LPL Financial Holdings worth $41,715,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of LPLA. Royal Bank of Canada increased its position in shares of 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 last quarter. BNP Paribas Arbitrage SA increased its position in shares of LPL Financial Holdings by 20.8% in the third quarter. BNP Paribas Arbitrage SA now owns 10,586 shares of the company’s stock worth $317,000 after buying an additional 1,825 shares during the last quarter. Nisa Investment Advisors LLC increased its position in shares of 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 last quarter. Integrated Investment Consultants LLC increased its position in shares of 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 last quarter. Finally, Clarkston Capital Partners LLC increased its position in shares of LPL Financial Holdings by 3.7% in the third quarter. Clarkston Capital Partners LLC now owns 3,434,585 shares of the company’s stock worth $102,728,000 after buying an additional 122,650 shares during the last quarter.

Institutional Ownership by Quarter for LPL Financial Holdings (NASDAQ:LPLA)

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 has a 50 day moving average price of $39.81 and a 200 day moving average price of $35.68.

LPL Financial Holdings (NASDAQ:LPLA) last announced its quarterly earnings results on Thursday, February 9th. The company reported $0.46 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.10. LPL Financial Holdings had a net margin of 4.74% and a return on equity of 25.39%. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same period last year, the business earned $0.28 EPS. LPL Financial Holdings’s revenue for the quarter was down 1.3% compared to the same quarter last year. On average, equities analysts forecast that LPL Financial Holdings Inc will post $2.25 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 24th. Investors of record on Friday, March 10th will be paid a dividend of $0.25 per share. The ex-dividend date is Wednesday, March 8th. This represents a $1.00 annualized dividend and a yield of 2.44%. LPL Financial Holdings’s dividend payout ratio is currently 46.95%.

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LPLA has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded LPL Financial Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, November 30th. Goldman Sachs Group Inc raised LPL Financial Holdings from a “sell” rating to a “neutral” rating and upped their price target for the stock from $34.00 to $40.00 in a research report on Tuesday, January 10th. Finally, SunTrust Banks, Inc. upped their price target on LPL Financial Holdings from $39.00 to $42.00 and gave the stock a “hold” rating in a research report on Friday, February 10th. One analyst has rated the stock with a sell rating, six have issued a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the stock. LPL Financial Holdings has an average rating of “Hold” and a consensus target price of $33.66.

In other LPL Financial Holdings news, insider Tracy Calder sold 10,747 shares of LPL Financial Holdings stock in a transaction on Monday, February 27th. The shares were sold at an average price of $39.05, for a total value of $419,670.35. Following the transaction, the insider now directly owns 35,351 shares in the company, valued at $1,380,456.55. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Dan H. Arnold sold 15,428 shares of LPL Financial Holdings stock in a transaction on Tuesday, March 14th. The shares were sold at an average price of $39.14, for a total transaction of $603,851.92. Following the completion of the transaction, the chief executive officer now owns 230,112 shares in the company, valued at $9,006,583.68. The disclosure for this sale can be found here. Insiders have sold a total of 1,615,952 shares of company stock worth $65,039,461 over the last quarter. 5.70% of the stock is owned by company 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.

5 Day Chart for NASDAQ:LPLA

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