LPL Financial Holdings Inc. (NASDAQ:LPLA) Shares Bought by Headlands Technologies LLC

Headlands Technologies LLC boosted its stake in shares of LPL Financial Holdings Inc. (NASDAQ:LPLA) by 192.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,670 shares of the financial services provider’s stock after acquiring an additional 3,075 shares during the quarter. Headlands Technologies LLC’s holdings in LPL Financial were worth $1,063,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Smithfield Trust Co lifted its position in LPL Financial by 164.4% during the 3rd quarter. Smithfield Trust Co now owns 119 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 74 shares during the period. GAMMA Investing LLC acquired a new stake in LPL Financial during the 4th quarter worth approximately $30,000. Cary Street Partners Investment Advisory LLC lifted its position in LPL Financial by 770.0% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 261 shares of the financial services provider’s stock worth $62,000 after acquiring an additional 231 shares during the period. Harvest Fund Management Co. Ltd lifted its position in LPL Financial by 724.2% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 272 shares of the financial services provider’s stock worth $65,000 after acquiring an additional 239 shares during the period. Finally, Tennessee Valley Asset Management Partners acquired a new stake in LPL Financial during the 4th quarter worth approximately $73,000. 95.66% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other LPL Financial news, Director Kabir Sethi sold 1,300 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $266.50, for a total transaction of $346,450.00. Following the completion of the transaction, the director now owns 10,245 shares of the company’s stock, valued at $2,730,292.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other LPL Financial news, CEO Dan H. Arnold sold 10,000 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $256.35, for a total transaction of $2,563,500.00. Following the completion of the transaction, the chief executive officer now owns 137,044 shares of the company’s stock, valued at $35,131,229.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kabir Sethi sold 1,300 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $266.50, for a total value of $346,450.00. Following the transaction, the director now directly owns 10,245 shares of the company’s stock, valued at approximately $2,730,292.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 60,151 shares of company stock valued at $15,911,088. Corporate insiders own 1.30% of the company’s stock.

LPL Financial Stock Performance

NASDAQ LPLA opened at $266.32 on Friday. LPL Financial Holdings Inc. has a 1-year low of $179.00 and a 1-year high of $274.35. The company has a market capitalization of $19.89 billion, a P/E ratio of 19.51, a PEG ratio of 1.29 and a beta of 0.84. The business has a 50 day moving average price of $263.85 and a 200 day moving average price of $241.86. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.77 and a quick ratio of 1.77.

LPL Financial (NASDAQ:LPLA) last released its quarterly earnings data on Thursday, February 1st. The financial services provider reported $3.51 earnings per share for the quarter, beating the consensus estimate of $3.33 by $0.18. LPL Financial had a return on equity of 57.68% and a net margin of 10.61%. The firm had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.55 billion. During the same period last year, the business posted $4.21 EPS. LPL Financial’s quarterly revenue was up 13.3% on a year-over-year basis. Sell-side analysts expect that LPL Financial Holdings Inc. will post 15.55 EPS for the current fiscal year.

LPL Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Tuesday, March 12th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.45%. The ex-dividend date of this dividend was Monday, March 11th. LPL Financial’s payout ratio is 8.79%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Barclays increased their target price on LPL Financial from $302.00 to $312.00 and gave the stock an “overweight” rating in a research note on Monday, April 8th. JPMorgan Chase & Co. increased their target price on LPL Financial from $254.00 to $260.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 2nd. JMP Securities increased their target price on LPL Financial from $290.00 to $305.00 and gave the stock a “market outperform” rating in a research note on Tuesday, April 9th. TD Cowen increased their target price on LPL Financial from $266.00 to $269.00 and gave the stock a “market perform” rating in a research note on Friday, March 22nd. Finally, Raymond James assumed coverage on LPL Financial in a research note on Thursday, April 4th. They set an “underperform” rating for the company. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, LPL Financial currently has an average rating of “Hold” and a consensus target price of $268.36.

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.