LPL Financial Holdings Inc (NASDAQ:LPLA) Director Michelle Oroschakoff sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, August 27th. The shares were sold at an average price of $67.11, for a total transaction of $402,660.00. Following the completion of the transaction, the director now owns 19,811 shares of the company’s stock, valued at approximately $1,329,516.21. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

LPL Financial stock opened at $67.10 on Wednesday. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.44 and a quick ratio of 1.44. LPL Financial Holdings Inc has a 52-week low of $44.45 and a 52-week high of $73.28. The company has a market cap of $5.85 billion, a price-to-earnings ratio of 22.36, a PEG ratio of 0.85 and a beta of 1.70.

LPL Financial (NASDAQ:LPLA) last released its quarterly earnings results on Thursday, July 26th. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.10. LPL Financial had a net margin of 7.09% and a return on equity of 35.98%. The firm had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same quarter last year, the business earned $0.74 EPS. The company’s revenue was up 21.9% compared to the same quarter last year. analysts forecast that LPL Financial Holdings Inc will post 5.19 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 23rd. Stockholders of record on Thursday, August 9th were paid a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, August 8th. This represents a $1.00 annualized dividend and a dividend yield of 1.49%. LPL Financial’s dividend payout ratio is currently 33.33%.

LPLA has been the subject of a number of research reports. BidaskClub upgraded shares of LPL Financial from a “hold” rating to a “buy” rating in a report on Wednesday, May 9th. Keefe, Bruyette & Woods restated a “buy” rating and set a $83.00 price target on shares of LPL Financial in a report on Friday, July 27th. Zacks Investment Research upgraded shares of LPL Financial from a “hold” rating to a “buy” rating and set a $74.00 price target for the company in a report on Tuesday, August 14th. Morgan Stanley raised their price target on shares of LPL Financial from $72.00 to $74.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 30th. Finally, Wells Fargo & Co raised their price target on shares of LPL Financial from $70.00 to $74.00 and gave the stock a “market perform” rating in a report on Friday, July 27th. One analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company. LPL Financial has a consensus rating of “Hold” and a consensus price target of $79.09.

Several large investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its stake in shares of LPL Financial by 9.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,459,068 shares of the financial services provider’s stock valued at $95,628,000 after acquiring an additional 121,656 shares in the last quarter. Public Employees Retirement System of Ohio increased its stake in shares of LPL Financial by 9.4% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 36,291 shares of the financial services provider’s stock valued at $2,379,000 after acquiring an additional 3,124 shares in the last quarter. Bank of Nova Scotia bought a new stake in shares of LPL Financial in the 2nd quarter valued at $9,307,000. Advisors Asset Management Inc. increased its stake in shares of LPL Financial by 158.0% in the 2nd quarter. Advisors Asset Management Inc. now owns 10,983 shares of the financial services provider’s stock valued at $240,000 after acquiring an additional 6,726 shares in the last quarter. Finally, Soros Fund Management LLC increased its stake in shares of LPL Financial by 106.6% in the 2nd quarter. Soros Fund Management LLC now owns 571,971 shares of the financial services provider’s stock valued at $37,487,000 after acquiring an additional 295,171 shares in the last quarter. Institutional investors own 95.09% of the company’s stock.

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.

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

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