LPL Financial Holdings Inc (NASDAQ:LPLA) insider John Andrew Kalbaugh sold 10,000 shares of the stock in a transaction on Monday, February 5th. The shares were sold at an average price of $62.61, for a total transaction of $626,100.00. Following the completion of the sale, the insider now directly owns 38,050 shares in the company, valued at approximately $2,382,310.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

LPL Financial Holdings Inc (NASDAQ LPLA) opened at $60.29 on Friday. The company has a market cap of $5,645.00, a PE ratio of 23.37, a P/E/G ratio of 1.27 and a beta of 1.74. LPL Financial Holdings Inc has a 12 month low of $37.38 and a 12 month high of $64.71. 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 declared that its board has approved a stock buyback program on Tuesday, December 5th that authorizes the company to repurchase $359.00 million in outstanding shares. This repurchase authorization authorizes the financial services provider to reacquire shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

LPLA has been the topic of several recent analyst reports. Zacks Investment Research raised shares of LPL Financial from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a research note on Wednesday, October 18th. SunTrust Banks reissued a “buy” rating and issued a $65.00 target price on shares of LPL Financial in a research note on Friday, October 27th. JPMorgan Chase & Co. increased their target price on shares of LPL Financial from $52.00 to $53.00 and gave the company a “neutral” rating in a research note on Monday, October 30th. Citigroup increased their target price on shares of LPL Financial from $60.50 to $65.00 and gave the company a “buy” rating in a research note on Monday, October 30th. Finally, Nomura increased their target price on shares of LPL Financial from $64.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, November 9th. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $66.00.

A number of hedge funds have recently bought and sold shares of the stock. Wells Fargo & Company MN increased its stake in LPL Financial by 66.7% in the 4th quarter. Wells Fargo & Company MN now owns 570,715 shares of the financial services provider’s stock worth $32,611,000 after buying an additional 228,431 shares during the period. First Trust Advisors LP increased its stake in LPL Financial by 25.3% in the 4th quarter. First Trust Advisors LP now owns 268,690 shares of the financial services provider’s stock worth $15,353,000 after buying an additional 54,262 shares during the period. Sei Investments Co. increased its stake in LPL Financial by 53.2% in the 4th quarter. Sei Investments Co. now owns 111,274 shares of the financial services provider’s stock worth $6,359,000 after buying an additional 38,618 shares during the period. Private Advisor Group LLC increased its stake in LPL Financial by 39.8% in the 4th quarter. Private Advisor Group LLC now owns 17,335 shares of the financial services provider’s stock worth $1,046,000 after buying an additional 4,937 shares during the period. Finally, Swiss National Bank increased its stake in LPL Financial by 2.2% in the 4th quarter. Swiss National Bank now owns 138,000 shares of the financial services provider’s stock worth $7,885,000 after buying an additional 3,000 shares during the period. 90.32% of the stock is currently owned by institutional investors.

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About LPL Financial

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 (NASDAQ:LPLA)

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