LPL Financial Holdings Inc (NASDAQ:LPLA) Director John Andrew Kalbaugh sold 1,627 shares of the firm’s stock in a transaction dated Thursday, June 14th. The shares were sold at an average price of $70.20, for a total value of $114,215.40. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Shares of LPLA opened at $69.60 on Monday. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 2.36. LPL Financial Holdings Inc has a one year low of $40.26 and a one year high of $73.28. The stock has a market capitalization of $6.20 billion, a price-to-earnings ratio of 23.20, a P/E/G ratio of 0.94 and a beta of 1.63.

LPL Financial (NASDAQ:LPLA) last issued its quarterly earnings data on Thursday, May 3rd. The financial services provider reported $1.01 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.32. LPL Financial had a net margin of 6.33% and a return on equity of 31.76%. The business had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same period last year, the business posted $0.52 earnings per share. LPL Financial’s quarterly revenue was up 19.9% compared to the same quarter last year. sell-side analysts predict that LPL Financial Holdings Inc will post 4.91 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 1st. Shareholders of record on Friday, May 18th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date was Thursday, May 17th. LPL Financial’s dividend payout ratio is 33.33%.

A number of brokerages have recently issued reports on LPLA. BidaskClub cut LPL Financial from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 12th. Goldman Sachs Group reaffirmed a “neutral” rating on shares of LPL Financial in a research note on Thursday, May 31st. Morgan Stanley raised their price objective on LPL Financial from $72.00 to $74.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 30th. Zacks Investment Research upgraded shares of LPL Financial from a “hold” rating to a “strong-buy” rating and set a $79.00 target price for the company in a report on Thursday, May 10th. Finally, Credit Suisse Group increased their target price on shares of LPL Financial from $84.00 to $92.00 and gave the stock an “outperform” rating in a report on Tuesday, May 8th. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $77.73.

Several hedge funds and other institutional investors have recently made changes to their positions in LPLA. American International Group Inc. bought a new position in shares of LPL Financial during the fourth quarter valued at approximately $119,000. Ladenburg Thalmann Financial Services Inc. increased its position in shares of LPL Financial by 140.7% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,186 shares of the financial services provider’s stock valued at $125,000 after acquiring an additional 1,278 shares in the last quarter. Private Capital Group LLC increased its position in shares of LPL Financial by 266.9% during the first quarter. Private Capital Group LLC now owns 2,176 shares of the financial services provider’s stock valued at $133,000 after acquiring an additional 1,583 shares in the last quarter. Barings LLC bought a new stake in shares of LPL Financial during the first quarter valued at approximately $214,000. Finally, Cetera Advisors LLC bought a new stake in shares of LPL Financial during the first quarter valued at approximately $217,000. 93.02% of the stock is owned by institutional investors and hedge funds.

LPL Financial Company 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 financial institutions in the United States. Its brokerage offerings include variable and fixed annuities, mutual funds, equities, retirement and 529 education savings plans, fixed income, and insurance, as well as alternative investments, such as non-traded real estate investment trusts and business development companies.

Insider Buying and Selling by Quarter for LPL Financial (NASDAQ:LPLA)

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