WINTON GROUP Ltd Acquires 20,842 Shares of LPL Financial Holdings Inc. $LPLA

WINTON GROUP Ltd lifted its holdings in LPL Financial Holdings Inc. (NASDAQ:LPLA) by 2,011.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,878 shares of the financial services provider’s stock after buying an additional 20,842 shares during the quarter. WINTON GROUP Ltd’s holdings in LPL Financial were worth $6,163,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in LPLA. Osterweis Capital Management Inc. acquired a new stake in shares of LPL Financial in the second quarter valued at approximately $26,000. Clearstead Advisors LLC lifted its holdings in LPL Financial by 3,650.0% during the 4th quarter. Clearstead Advisors LLC now owns 75 shares of the financial services provider’s stock worth $27,000 after buying an additional 73 shares in the last quarter. Core Wealth Advisors LLC bought a new position in LPL Financial in the 4th quarter valued at $36,000. Physician Wealth Advisors Inc. boosted its position in LPL Financial by 580.0% in the 1st quarter. Physician Wealth Advisors Inc. now owns 136 shares of the financial services provider’s stock valued at $41,000 after buying an additional 116 shares during the last quarter. Finally, Pinpoint Asset Management Singapore Pte. Ltd. acquired a new stake in shares of LPL Financial in the 4th quarter valued at $50,000. Institutional investors and hedge funds own 95.66% of the company’s stock.

Analyst Ratings Changes

LPLA has been the topic of a number of research reports. William Blair restated an “outperform” rating on shares of LPL Financial in a research report on Thursday, June 4th. BMO Capital Markets raised their price objective on shares of LPL Financial from $300.00 to $390.00 and gave the company an “outperform” rating in a research note on Monday, August 3rd. UBS Group reduced their price objective on shares of LPL Financial from $395.00 to $391.00 and set a “buy” rating on the stock in a research note on Wednesday, July 8th. Truist Financial began coverage on shares of LPL Financial in a research report on Tuesday, September 1st. They set a “hold” rating and a $389.00 target price for the company. Finally, Wolfe Research reissued an “outperform” rating and issued a $454.00 price target on shares of LPL Financial in a research note on Wednesday, August 12th. Twelve equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, LPL Financial presently has a consensus rating of “Moderate Buy” and an average target price of $405.79.

Insider Transactions at LPL Financial

In related news, Director Greg Gates sold 4,119 shares of the business’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $355.38, for a total value of $1,463,810.22. Following the sale, the director directly owned 23,602 shares of the company’s stock, valued at approximately $8,387,678.76. The trade was a 14.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Matthew Enyedi sold 1,000 shares of the company’s stock in a transaction on Friday, July 31st. The stock was sold at an average price of $352.72, for a total transaction of $352,720.00. Following the completion of the transaction, the director directly owned 13,121 shares of the company’s stock, valued at approximately $4,628,039.12. The trade was a 7.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 5,735 shares of company stock valued at $2,020,845 over the last quarter. Corporate insiders own 0.60% of the company’s stock.

LPL Financial Trading Down 0.7%

NASDAQ LPLA opened at $347.26 on Friday. LPL Financial Holdings Inc. has a one year low of $260.15 and a one year high of $400.16. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.39 and a quick ratio of 2.39. The firm has a market cap of $27.34 billion, a P/E ratio of 27.69, a P/E/G ratio of 0.59 and a beta of 0.48. The stock’s 50-day moving average is $346.10 and its 200-day moving average is $316.14.

LPL Financial (NASDAQ:LPLA) last issued its quarterly earnings data on Thursday, July 30th. The financial services provider reported $5.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.39 by $0.45. The business had revenue of $5.19 billion during the quarter, compared to analyst estimates of $5.04 billion. LPL Financial had a return on equity of 32.20% and a net margin of 5.13%.LPL Financial’s quarterly revenue was up 35.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.51 EPS. Sell-side analysts anticipate that LPL Financial Holdings Inc. will post 24.06 earnings per share for the current fiscal year.

LPL Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Friday, August 14th. LPL Financial’s dividend payout ratio is 9.57%.

About LPL Financial

LPL Financial Holdings Inc (NASDAQ:LPLA) is the parent company of LPL Financial LLC, an independent broker-dealer and registered investment adviser that provides services and support to financial advisors. Rather than operating primarily through a proprietary branch network, LPL enables independent financial professionals, registered investment advisers, and advisors affiliated with banks and credit unions to operate their own practices while accessing investment products, technology, and business resources.

The company’s platform supports brokerage and fee-based advisory services, retirement plan services, insurance and annuity products, alternative investments, cash management, research, compliance, and practice management.