Insider Selling: LPL Financial Holdings Inc (LPLA) Director Sells 207,734 Shares of Stock
LPL Financial Holdings Inc (NASDAQ:LPLA) Director Marco Hellman sold 207,734 shares of LPL Financial stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $66.17, for a total value of $13,745,758.78. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Marco Hellman also recently made the following trade(s):
- On Thursday, February 22nd, Marco Hellman sold 1,150,000 shares of LPL Financial stock. The shares were sold at an average price of $62.12, for a total value of $71,438,000.00.
Shares of LPL Financial Holdings Inc (NASDAQ LPLA) opened at $63.48 on Friday. LPL Financial Holdings Inc has a 12 month low of $37.38 and a 12 month high of $66.64. The firm has a market capitalization of $5,660.00, a price-to-earnings ratio of 25.39, a PEG ratio of 1.13 and a beta of 1.59. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 2.47.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, March 9th will be paid a $0.25 dividend. The ex-dividend date is Thursday, March 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.58%. LPL Financial’s dividend payout ratio (DPR) is presently 40.00%.
A number of research analysts have issued reports on LPLA shares. Zacks Investment Research cut LPL Financial from a “hold” rating to a “sell” rating in a report on Wednesday, November 8th. Nomura lifted their price objective on LPL Financial from $64.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, November 9th. Citigroup lifted their price objective on LPL Financial from $63.00 to $65.00 and gave the company a “buy” rating in a report on Friday, November 10th. Credit Suisse Group started coverage on LPL Financial in a report on Thursday, November 30th. They set an “outperform” rating and a $68.00 price objective for the company. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and set a $66.00 price objective on shares of LPL Financial in a report on Friday, December 22nd. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company’s stock. LPL Financial presently has a consensus rating of “Buy” and a consensus target price of $68.36.
Several large investors have recently made changes to their positions in the company. BlackRock Inc. increased its stake in shares of LPL Financial by 5.3% in the fourth quarter. BlackRock Inc. now owns 3,945,418 shares of the financial services provider’s stock valued at $225,442,000 after buying an additional 198,189 shares in the last quarter. Bank of New York Mellon Corp increased its position in LPL Financial by 140.5% in the fourth quarter. Bank of New York Mellon Corp now owns 1,258,579 shares of the financial services provider’s stock worth $71,917,000 after purchasing an additional 735,256 shares during the period. State Street Corp increased its position in LPL Financial by 2.7% in the second quarter. State Street Corp now owns 1,251,932 shares of the financial services provider’s stock worth $53,161,000 after purchasing an additional 32,320 shares during the period. Victory Capital Management Inc. increased its position in LPL Financial by 1.8% in the fourth quarter. Victory Capital Management Inc. now owns 914,627 shares of the financial services provider’s stock worth $52,262,000 after purchasing an additional 16,487 shares during the period. Finally, JPMorgan Chase & Co. increased its position in LPL Financial by 72.1% in the third quarter. JPMorgan Chase & Co. now owns 656,891 shares of the financial services provider’s stock worth $33,882,000 after purchasing an additional 275,138 shares during the period. Institutional investors own 92.01% of the company’s stock.
LPL Financial Company Profile
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.
Receive News & Ratings for LPL Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LPL Financial and related companies with MarketBeat.com's FREE daily email newsletter.