Aneri Jambusaria Sells 80 Shares of LPL Financial (NASDAQ:LPLA) Stock

LPL Financial Holdings Inc. (NASDAQ:LPLA) Director Aneri Jambusaria sold 80 shares of LPL Financial stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $352.48, for a total transaction of $28,198.40. Following the completion of the transaction, the director directly owned 5,502 shares of the company’s stock, valued at $1,939,344.96. This trade represents a 1.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

LPL Financial Stock Performance

Shares of LPLA traded up $5.88 during midday trading on Wednesday, hitting $361.23. 507,239 shares of the stock traded hands, compared to its average volume of 823,368. The company has a debt-to-equity ratio of 1.49, a quick ratio of 2.60 and a current ratio of 2.60. LPL Financial Holdings Inc. has a 1-year low of $262.83 and a 1-year high of $403.58. The business’s 50 day moving average price is $345.75 and its two-hundred day moving average price is $360.92. The firm has a market capitalization of $28.91 billion, a PE ratio of 33.26, a price-to-earnings-growth ratio of 0.79 and a beta of 0.60.

LPL Financial (NASDAQ:LPLA) last issued its quarterly earnings data on Thursday, October 30th. The financial services provider reported $5.20 earnings per share for the quarter, beating analysts’ consensus estimates of $4.49 by $0.71. The business had revenue of $4.55 billion for the quarter, compared to analysts’ expectations of $4.08 billion. LPL Financial had a net margin of 5.35% and a return on equity of 36.80%. The company’s revenue was up 46.4% on a year-over-year basis. During the same period in the previous year, the business earned $4.16 earnings per share. Equities research analysts predict that LPL Financial Holdings Inc. will post 19.35 EPS for the current fiscal year.

LPL Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Thursday, November 13th were paid a $0.30 dividend. The ex-dividend date of this dividend was Thursday, November 13th. This represents a $1.20 dividend on an annualized basis and a yield of 0.3%. LPL Financial’s dividend payout ratio (DPR) is currently 11.05%.

Wall Street Analyst Weigh In

LPLA has been the topic of several research analyst reports. UBS Group set a $455.00 price target on shares of LPL Financial in a report on Thursday, October 9th. Rothschild Redb lowered shares of LPL Financial from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 19th. Raymond James Financial raised LPL Financial from an “underperform” rating to a “market perform” rating in a research report on Thursday, October 9th. Citizens Jmp raised their price target on shares of LPL Financial from $455.00 to $475.00 and gave the stock a “market outperform” rating in a research report on Friday, October 31st. Finally, TD Cowen boosted their price objective on LPL Financial from $356.00 to $410.00 and gave the company a “hold” rating in a research report on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $429.00.

Institutional Trading of LPL Financial

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in LPL Financial by 4.0% during the 3rd quarter. Vanguard Group Inc. now owns 8,303,768 shares of the financial services provider’s stock worth $2,762,581,000 after acquiring an additional 317,002 shares during the last quarter. Boston Partners grew its position in LPL Financial by 4.7% in the second quarter. Boston Partners now owns 3,679,484 shares of the financial services provider’s stock valued at $1,379,598,000 after purchasing an additional 165,201 shares in the last quarter. Dodge & Cox increased its stake in LPL Financial by 23.2% in the 3rd quarter. Dodge & Cox now owns 3,329,255 shares of the financial services provider’s stock valued at $1,107,610,000 after buying an additional 627,546 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in LPL Financial by 32.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,242,353 shares of the financial services provider’s stock valued at $1,078,698,000 after buying an additional 800,171 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC increased its position in shares of LPL Financial by 0.8% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,681,617 shares of the financial services provider’s stock valued at $877,264,000 after acquiring an additional 20,881 shares during the last quarter. 95.66% of the stock is owned by institutional investors.

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.