1,765 LPL Financial Holdings Inc. $LPLA Shares Sold by Third View Private Wealth LLC

Third View Private Wealth LLC decreased its holdings in shares of LPL Financial Holdings Inc. (NASDAQ:LPLA) by 47.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,967 shares of the financial services provider’s stock after selling 1,765 shares during the quarter. Third View Private Wealth LLC’s holdings in LPL Financial were worth $602,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LPLA. BlackRock Inc. acquired a new position in shares of LPL Financial in the second quarter valued at $1,333,189,000. Jupiter Topco LLC acquired a new stake in shares of LPL Financial during the 2nd quarter worth about $1,182,595,000. Janus Henderson Group PLC lifted its stake in shares of LPL Financial by 8.6% during the 1st quarter. Janus Henderson Group PLC now owns 3,666,780 shares of the financial services provider’s stock worth $1,103,079,000 after buying an additional 289,227 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of LPL Financial by 36.3% during the 1st quarter. Principal Financial Group Inc. now owns 2,636,544 shares of the financial services provider’s stock worth $793,163,000 after buying an additional 702,061 shares during the period. Finally, WCM Investment Management LLC boosted its holdings in shares of LPL Financial by 0.8% during the 1st quarter. WCM Investment Management LLC now owns 1,734,395 shares of the financial services provider’s stock worth $520,631,000 after buying an additional 12,922 shares during the period. 95.66% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on LPLA shares. UBS Group decreased their price target on shares of LPL Financial from $390.00 to $369.00 and set a “buy” rating on the stock in a research note on Thursday, October 29th. BMO Capital Markets cut their price objective on shares of LPL Financial from $390.00 to $370.00 and set an “outperform” rating for the company in a research report on Tuesday, October 6th. Barclays reduced their price objective on LPL Financial from $409.00 to $372.00 and set an “overweight” rating for the company in a report on Wednesday, October 28th. TD Cowen decreased their target price on LPL Financial from $380.00 to $356.00 and set a “hold” rating on the stock in a research report on Wednesday, October 28th. Finally, Truist Financial lowered their target price on LPL Financial from $354.00 to $335.00 and set a “hold” rating on the stock in a research note on Wednesday, October 28th. Fourteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $400.60.

Insider Activity at LPL Financial

In related news, Director Aneri Jambusaria sold 308 shares of the stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $357.36, for a total transaction of $110,066.88. Following the sale, the director owned 6,107 shares of the company’s stock, valued at $2,182,397.52. This represents a 4.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Greg Gates sold 4,119 shares of the stock in a transaction that occurred on Thursday, August 20th. The stock was 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 in the company, valued at $8,387,678.76. This represents a 14.86% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 4,867 shares of company stock worth $1,726,944. Company insiders own 0.60% of the company’s stock.

LPL Financial Price Performance

Shares of LPL Financial stock opened at $311.48 on Thursday. LPL Financial Holdings Inc. has a twelve month low of $260.15 and a twelve month high of $400.16. The company has a quick ratio of 2.62, a current ratio of 2.62 and a debt-to-equity ratio of 1.34. The company has a 50-day simple moving average of $326.66 and a two-hundred day simple moving average of $322.00. The stock has a market capitalization of $24.25 billion, a price-to-earnings ratio of 17.87, a price-to-earnings-growth ratio of 0.57 and a beta of 0.55.

LPL Financial (NASDAQ:LPLA) last announced its earnings results on Tuesday, October 27th. The financial services provider reported $5.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.69 by $0.28. LPL Financial had a net margin of 6.83% and a return on equity of 32.05%. The firm had revenue of $5.34 billion for the quarter, compared to analyst estimates of $5.35 billion. During the same quarter in the prior year, the business posted $5.20 EPS. The business’s revenue was up 17.4% compared to the same quarter last year. Analysts forecast that LPL Financial Holdings Inc. will post 23.45 EPS for the current year.

LPL Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 30th. Investors of record on Thursday, November 12th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Thursday, November 12th. LPL Financial’s payout ratio is 6.88%.

About LPL Financial

LPL Financial Holdings Inc is a financial services company that supports independent financial advisors and institutions across the United States. Through its primary subsidiary, LPL Financial LLC, the company provides brokerage, investment advisory, and custodial services, enabling advisors to serve individual investors, families, retirement plans, and other clients.

LPL’s platform includes access to brokerage and advisory products, securities clearing and custody, trading and operations support, technology, compliance services, investment research, and practice-management resources.