LPL Financial Holdings Inc. $LPLA Holdings Lifted by Munich Reinsurance Co Stock Corp in Munich

Munich Reinsurance Co Stock Corp in Munich boosted its holdings in shares of LPL Financial Holdings Inc. (NASDAQ:LPLA) by 11.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,605 shares of the financial services provider’s stock after buying an additional 3,923 shares during the period. Munich Reinsurance Co Stock Corp in Munich’s holdings in LPL Financial were worth $11,313,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. Osterweis Capital Management Inc. acquired a new position in shares of LPL Financial in the 2nd quarter valued at about $26,000. Clearstead Advisors LLC boosted its holdings in shares of LPL Financial by 3,650.0% during the fourth quarter. Clearstead Advisors LLC now owns 75 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 73 shares during the period. Steigerwald Gordon & Koch Inc. boosted its holdings in shares of LPL Financial by 550.0% during the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 78 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 66 shares during the period. Core Wealth Advisors LLC purchased a new position in LPL Financial during the fourth quarter valued at approximately $36,000. Finally, Physician Wealth Advisors Inc. grew its position in LPL Financial by 580.0% during the first quarter. Physician Wealth Advisors Inc. now owns 136 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 116 shares in the last quarter. 95.66% of the stock is owned by hedge funds and other institutional investors.

More LPL Financial News

Here are the key news stories impacting LPL Financial this week:

• Positive Sentiment: LPL announced several new advisor wins, including David Logsdon, who brought roughly $380 million in assets, and Doug and Jenny Haskin, who launched Haskin Private Wealth Advisors with about $170 million in assets. These additions support LPL’s growth in advisor headcount and client assets. Article Title
• Positive Sentiment: Cypress Point Wealth Partners also joined LPL’s Independent Advisor Network, adding another independent practice and reinforcing LPL’s appeal to advisors seeking flexibility and support. Article Title
• Positive Sentiment: The company’s midyear outlook highlights LPL Research’s market commentary and may support investor confidence in the firm’s platform and thought leadership. Article Title

Insiders Place Their Bets

In other LPL Financial news, CFO Matthew J. Audette sold 1,110 shares of the firm’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $330.01, for a total transaction of $366,311.10. Following the transaction, the chief financial officer directly owned 19,803 shares in the company, valued at $6,535,188.03. This trade represents a 5.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Aneri Jambusaria sold 308 shares of the business’s stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $306.00, for a total value of $94,248.00. Following the completion of the sale, the director directly owned 6,415 shares of the company’s stock, valued at $1,962,990. This represents a 4.58% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,887 shares of company stock valued at $613,144 over the last quarter. 0.60% of the stock is currently owned by corporate insiders.

LPL Financial Price Performance

Shares of LPLA opened at $300.82 on Thursday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 2.56 and a current ratio of 2.56. The firm has a market cap of $24.06 billion, a PE ratio of 26.86, a PEG ratio of 0.64 and a beta of 0.50. The firm’s 50 day moving average price is $293.58 and its 200 day moving average price is $320.33. LPL Financial Holdings Inc. has a twelve month low of $260.15 and a twelve month high of $403.58.

LPL Financial (NASDAQ:LPLA) last posted its earnings results on Thursday, April 30th. The financial services provider reported $5.60 EPS for the quarter, topping the consensus estimate of $5.49 by $0.11. LPL Financial had a net margin of 4.93% and a return on equity of 31.26%. The company had revenue of $4.94 billion during the quarter, compared to the consensus estimate of $4.98 billion. During the same period in the previous year, the firm posted $5.15 earnings per share. The company’s revenue for the quarter was up 34.6% compared to the same quarter last year. As a group, research analysts expect that LPL Financial Holdings Inc. will post 22.94 EPS for the current fiscal year.

LPL Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 21st were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Thursday, May 21st. LPL Financial’s payout ratio is presently 10.71%.

Wall Street Analysts Forecast Growth

LPLA has been the subject of a number of research analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of LPL Financial in a research report on Monday, April 27th. Barclays boosted their price target on shares of LPL Financial from $369.00 to $412.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Morgan Stanley cut their price objective on LPL Financial from $447.00 to $374.00 and set an “overweight” rating for the company in a report on Friday, April 10th. Keefe, Bruyette & Woods assumed coverage on LPL Financial in a research report on Wednesday, April 8th. They set an “outperform” rating and a $350.00 price objective for the company. Finally, William Blair reissued an “outperform” rating on shares of LPL Financial in a research report on Thursday, June 4th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $398.57.

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.