Tokio Marine Asset Management Co. Ltd. Purchases 198 Shares of LPL Financial Holdings Inc. (NASDAQ:LPLA)

Tokio Marine Asset Management Co. Ltd. boosted its position in shares of LPL Financial Holdings Inc. (NASDAQ:LPLA) by 10.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,104 shares of the financial services provider’s stock after purchasing an additional 198 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in LPL Financial were worth $479,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insider Transactions at LPL Financial

In other news, Director Kabir Sethi sold 1,300 shares of the company’s stock in a transaction that occurred 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 sale, the director now owns 10,245 shares in the company, valued at approximately $2,730,292.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CFO Matthew J. Audette sold 5,574 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $266.52, for a total transaction of $1,485,582.48. Following the sale, the chief financial officer now owns 13,663 shares in the company, valued at approximately $3,641,462.76. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Kabir Sethi sold 1,300 shares of the stock in a transaction on Monday, February 26th. The shares were sold at an average price of $266.50, for a total value of $346,450.00. Following the completion of the sale, the director now owns 10,245 shares in the company, valued at approximately $2,730,292.50. The disclosure for this sale can be found here. Insiders have sold a total of 60,151 shares of company stock worth $15,911,088 in the last 90 days. Corporate insiders own 1.30% of the company’s stock.

LPL Financial Trading Up 0.3 %

NASDAQ LPLA opened at $266.32 on Friday. The stock has a market capitalization of $19.89 billion, a price-to-earnings ratio of 19.51, a PEG ratio of 1.29 and a beta of 0.84. The stock’s 50 day moving average price is $263.85 and its two-hundred day moving average price is $241.86. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.77 and a current ratio of 1.77. LPL Financial Holdings Inc. has a 52 week low of $179.00 and a 52 week high of $274.35.

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

LPL Financial Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on LPLA shares. JMP Securities boosted their price objective on LPL Financial from $290.00 to $305.00 and gave the company a “market outperform” rating in a research report on Tuesday, April 9th. Barclays boosted their price objective on LPL Financial from $302.00 to $312.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. TD Cowen boosted their price objective on LPL Financial from $266.00 to $269.00 and gave the company a “market perform” rating in a research report on Friday, March 22nd. UBS Group boosted their price objective on LPL Financial from $260.00 to $267.00 and gave the company a “neutral” rating in a research report on Wednesday, February 14th. Finally, Raymond James started coverage on LPL Financial in a research report on Thursday, April 4th. They issued an “underperform” rating for the company. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, LPL Financial presently has an average rating of “Hold” and a consensus target price of $268.36.

LPL Financial 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 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.