D L Carlson Investment Group Inc. Takes Position in LPL Financial Holdings Inc. $LPLA

D L Carlson Investment Group Inc. acquired a new stake in shares of LPL Financial Holdings Inc. (NASDAQ:LPLA) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 5,351 shares of the financial services provider’s stock, valued at approximately $1,507,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LPLA. Goldstein Advisors LLC raised its stake in LPL Financial by 4.8% in the 4th quarter. Goldstein Advisors LLC now owns 634 shares of the financial services provider’s stock valued at $226,000 after purchasing an additional 29 shares during the last quarter. Coastal Bridge Advisors LLC raised its position in shares of LPL Financial by 0.6% in the fourth quarter. Coastal Bridge Advisors LLC now owns 5,475 shares of the financial services provider’s stock valued at $1,956,000 after buying an additional 31 shares during the last quarter. Root Financial Partners LLC raised its position in shares of LPL Financial by 1.4% in the fourth quarter. Root Financial Partners LLC now owns 2,318 shares of the financial services provider’s stock valued at $828,000 after buying an additional 33 shares during the last quarter. Lifestyle Asset Management Inc. lifted its stake in shares of LPL Financial by 2.9% during the fourth quarter. Lifestyle Asset Management Inc. now owns 1,191 shares of the financial services provider’s stock valued at $425,000 after buying an additional 34 shares during the period. Finally, Bank of Nova Scotia boosted its position in LPL Financial by 0.7% during the first quarter. Bank of Nova Scotia now owns 5,705 shares of the financial services provider’s stock worth $1,716,000 after acquiring an additional 37 shares during the last quarter. Hedge funds and other institutional investors own 95.66% of the company’s stock.

Insider Transactions at LPL Financial

In other LPL Financial news, Director Matthew Enyedi sold 1,000 shares of LPL Financial stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $352.72, for a total transaction of $352,720.00. Following the transaction, the director directly owned 13,121 shares of the company’s stock, valued at $4,628,039.12. The trade was a 7.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Aneri Jambusaria sold 308 shares of LPL Financial stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $306.00, for a total transaction of $94,248.00. Following the transaction, the director directly owned 6,415 shares in the company, valued at approximately $1,962,990. This trade represents a 4.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.60% of the stock is currently owned by insiders.

LPL Financial Trading Down 1.5%

Shares of LPLA opened at $354.02 on Friday. The company has a current ratio of 2.39, a quick ratio of 2.39 and a debt-to-equity ratio of 1.30. The firm has a market capitalization of $27.88 billion, a P/E ratio of 28.23, a price-to-earnings-growth ratio of 0.60 and a beta of 0.48. The stock’s fifty day simple moving average is $325.27 and its 200 day simple moving average is $315.54. LPL Financial Holdings Inc. has a twelve month low of $260.15 and a twelve month high of $400.16.

LPL Financial (NASDAQ:LPLA) last posted its quarterly earnings results on Thursday, July 30th. The financial services provider reported $5.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.39 by $0.45. The firm had revenue of $5.19 billion during the quarter, compared to the consensus estimate of $5.04 billion. LPL Financial had a return on equity of 32.20% and a net margin of 5.13%.The firm’s quarterly revenue was up 35.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.51 earnings per share. On average, equities research analysts forecast that LPL Financial Holdings Inc. will post 24.09 earnings per share for the current year.

LPL Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be issued a dividend of $0.30 per share. The ex-dividend date is Friday, August 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.3%. LPL Financial’s payout ratio is presently 9.57%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on LPLA. Barclays raised their price objective on LPL Financial from $394.00 to $401.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. William Blair reissued an “outperform” rating on shares of LPL Financial in a research note on Thursday, June 4th. BMO Capital Markets lifted their price target on LPL Financial from $300.00 to $390.00 and gave the company an “outperform” rating in a report on Monday, August 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of LPL Financial in a research note on Friday, July 24th. Finally, JPMorgan Chase & Co. increased their price objective on shares of LPL Financial from $408.00 to $428.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. Twelve research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, LPL Financial has an average rating of “Moderate Buy” and an average target price of $406.69.

LPL Financial Profile

LPL Financial (NASDAQ: LPLA) is a U.S.-focused financial services firm that provides brokerage, custodial and advisory platforms to independent financial advisors, registered investment advisers and institutions. Operating primarily as an independent broker-dealer and custodian, the company supports a network of advisors with the operational, compliance and clearing infrastructure needed to manage client accounts and deliver investment advice outside of traditional wirehouse models.

The firm’s product and service offerings include trade execution and clearing, custody services, retirement plan services, model portfolio and advisory platforms, wealth management technology, investment research and product access across equities, fixed income, mutual funds, exchange-traded funds and insurance and annuity solutions.