Osaic Holdings Inc. Grows Position in LPL Financial Holdings Inc. $LPLA

Osaic Holdings Inc. boosted its stake in shares of LPL Financial Holdings Inc. (NASDAQ:LPLA) by 25.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,084 shares of the financial services provider’s stock after acquiring an additional 2,673 shares during the period. Osaic Holdings Inc.’s holdings in LPL Financial were worth $4,897,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Osterweis Capital Management Inc. bought a new position in shares of LPL Financial during the 2nd quarter valued at about $26,000. SBI Securities Co. Ltd. lifted its position in shares of LPL Financial by 116.2% in the second quarter. SBI Securities Co. Ltd. now owns 80 shares of the financial services provider’s stock worth $30,000 after buying an additional 43 shares in the last quarter. Bayforest Capital Ltd bought a new position in LPL Financial during the second quarter valued at approximately $34,000. Maseco LLP purchased a new position in LPL Financial during the 2nd quarter valued at approximately $34,000. Finally, Graney & King LLC increased its stake in LPL Financial by 49.5% in the 2nd quarter. Graney & King LLC now owns 139 shares of the financial services provider’s stock worth $52,000 after acquiring an additional 46 shares during the last quarter. 95.66% of the stock is currently owned by institutional investors.

LPL Financial Price Performance

LPLA stock opened at $374.28 on Wednesday. The company has a current ratio of 2.60, a quick ratio of 2.60 and a debt-to-equity ratio of 1.49. LPL Financial Holdings Inc. has a 12 month low of $262.83 and a 12 month high of $403.58. The stock has a market cap of $29.96 billion, a PE ratio of 34.46, a P/E/G ratio of 0.92 and a beta of 0.60. The company has a 50-day moving average price of $359.61 and a 200 day moving average price of $359.78.

LPL Financial (NASDAQ:LPLA) last announced its quarterly earnings data on Thursday, October 30th. The financial services provider reported $5.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.49 by $0.71. The business had revenue of $4.55 billion during the quarter, compared to the consensus estimate of $4.08 billion. LPL Financial had a net margin of 5.35% and a return on equity of 36.80%. The firm’s quarterly revenue was up 46.4% compared to the same quarter last year. During the same quarter last year, the firm earned $4.16 earnings per share. Equities research analysts anticipate that LPL Financial Holdings Inc. will post 19.35 earnings per share for the current year.

LPL Financial Announces Dividend

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

Insider Buying and Selling at LPL Financial

In other news, Director Greg Gates sold 1,500 shares of the company’s stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $376.43, for a total value of $564,645.00. Following the transaction, the director directly owned 15,370 shares in the company, valued at approximately $5,785,729.10. This represents a 8.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 sale, the director owned 5,502 shares of the company’s stock, valued at $1,939,344.96. The trade was a 1.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 8,138 shares of company stock valued at $2,983,353 in the last quarter. 0.70% of the stock is owned by insiders.

Analyst Ratings Changes

LPLA has been the subject of a number of research reports. BMO Capital Markets started coverage on LPL Financial in a research report on Friday, October 3rd. They set an “outperform” rating and a $365.00 target price for the company. JPMorgan Chase & Co. lowered their price objective on shares of LPL Financial from $463.00 to $438.00 and set an “overweight” rating for the company in a research report on Monday, October 20th. Rothschild Redb downgraded shares of LPL Financial from a “strong-buy” rating to a “hold” rating in a report on Friday, September 19th. Rothschild & Co Redburn cut shares of LPL Financial from a “buy” rating to a “neutral” rating and set a $390.00 target price on the stock. in a research report on Friday, September 19th. Finally, Barclays lifted their price target on LPL Financial from $420.00 to $453.00 and gave the stock an “overweight” rating in a research report on Friday, December 12th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, LPL Financial has a consensus rating of “Moderate Buy” and a consensus price target of $426.79.

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.