LPL Financial Holdings Inc. (NASDAQ:LPLA) CEO Dan H. Arnold sold 3,742 shares of the business’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $48.54, for a total value of $181,636.68. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

LPL Financial Holdings Inc. (LPLA) traded down $0.02 during midday trading on Friday, reaching $49.30. The company had a trading volume of 428,641 shares, compared to its average volume of 921,097. The firm has a market cap of $4,440.00, a PE ratio of 19.75, a price-to-earnings-growth ratio of 1.64 and a beta of 1.89. LPL Financial Holdings Inc. has a 12 month low of $34.01 and a 12 month high of $53.92. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 2.54.

LPL Financial Holdings (NASDAQ:LPLA) last released its quarterly earnings results on Thursday, October 26th. The financial services provider reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.03. The company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.08 billion. LPL Financial Holdings had a return on equity of 26.03% and a net margin of 5.19%. LPL Financial Holdings’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.58 EPS. equities analysts anticipate that LPL Financial Holdings Inc. will post 2.31 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 27th. Investors of record on Thursday, November 9th will be issued a $0.25 dividend. The ex-dividend date is Wednesday, November 8th. This represents a $1.00 dividend on an annualized basis and a yield of 2.03%. LPL Financial Holdings’s payout ratio is 42.37%.

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Several research analysts recently weighed in on the company. J P Morgan Chase & Co restated a “neutral” rating and set a $51.00 target price (up from $48.00) on shares of LPL Financial Holdings in a research note on Friday, August 18th. Nomura boosted their target price on LPL Financial Holdings from $53.00 to $58.00 and gave the stock a “buy” rating in a research note on Thursday, August 17th. Zacks Investment Research downgraded LPL Financial Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, November 1st. SunTrust Banks, Inc. upgraded LPL Financial Holdings from a “hold” rating to a “buy” rating and boosted their target price for the stock from $49.00 to $55.00 in a research note on Wednesday, August 16th. Finally, ValuEngine downgraded LPL Financial Holdings from a “buy” rating to a “hold” rating in a research note on Friday, October 6th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $53.20.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mckinley Capital Management LLC Delaware acquired a new position in LPL Financial Holdings in the 2nd quarter worth about $104,000. Public Employees Retirement Association of Colorado raised its holdings in LPL Financial Holdings by 1.9% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 2,776 shares of the financial services provider’s stock worth $118,000 after purchasing an additional 52 shares during the period. The Manufacturers Life Insurance Company raised its holdings in LPL Financial Holdings by 8.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,794 shares of the financial services provider’s stock worth $119,000 after purchasing an additional 211 shares during the period. Comerica Bank acquired a new position in LPL Financial Holdings in the 3rd quarter worth about $200,000. Finally, Virginia Retirement Systems ET AL acquired a new position in LPL Financial Holdings in the 3rd quarter worth about $227,000. 90.26% of the stock is owned by institutional investors.

About LPL Financial Holdings

LPL Financial Holdings Inc is a broker-dealer, a custodian for registered investment advisors and an independent consultant to retirement plans. The Company provides a platform of brokerage and investment advisory services to independent financial advisors, including financial advisors at financial institutions across the country.

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

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