LPL Financial Holdings Inc. $LPLA Shares Acquired by Lynwood Price Capital Management LP

Lynwood Price Capital Management LP lifted its stake in LPL Financial Holdings Inc. (NASDAQ:LPLA) by 9.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 59,000 shares of the financial services provider’s stock after buying an additional 5,000 shares during the period. LPL Financial comprises 9.8% of Lynwood Price Capital Management LP’s portfolio, making the stock its 5th biggest holding. Lynwood Price Capital Management LP owned approximately 0.07% of LPL Financial worth $19,629,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Osterweis Capital Management Inc. bought a new stake in shares of LPL Financial in the 2nd quarter worth approximately $26,000. SJS Investment Consulting Inc. increased its position in shares of LPL Financial by 912.5% during the third quarter. SJS Investment Consulting Inc. now owns 81 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 73 shares during the period. Chung Wu Investment Group LLC acquired a new position in shares of LPL Financial in the third quarter valued at $27,000. Eastern Bank raised its stake in shares of LPL Financial by 72.0% in the third quarter. Eastern Bank now owns 86 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 36 shares in the last quarter. Finally, SBI Securities Co. Ltd. lifted its position in 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 purchasing an additional 43 shares during the period. 95.66% of the stock is owned by institutional investors and hedge funds.

LPL Financial Price Performance

Shares of LPL Financial stock opened at $288.16 on Thursday. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 1.36. The stock has a market capitalization of $23.08 billion, a price-to-earnings ratio of 26.17, a P/E/G ratio of 0.65 and a beta of 0.59. LPL Financial Holdings Inc. has a 1-year low of $262.83 and a 1-year high of $403.58. The firm’s 50-day moving average price is $340.63 and its two-hundred day moving average price is $347.99.

LPL Financial (NASDAQ:LPLA) last issued its quarterly earnings data on Thursday, January 29th. The financial services provider reported $5.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.82 by $0.41. LPL Financial had a return on equity of 34.19% and a net margin of 5.08%.The firm had revenue of $4.93 billion during the quarter, compared to the consensus estimate of $4.90 billion. During the same quarter in the previous year, the company posted $4.25 EPS. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. On average, equities analysts predict that LPL Financial Holdings Inc. will post 19.35 earnings per share for the current fiscal year.

LPL Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 24th. Stockholders of record on Tuesday, March 10th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.4%. LPL Financial’s dividend payout ratio is 10.90%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Morgan Stanley lowered their price target on shares of LPL Financial from $462.00 to $447.00 and set an “overweight” rating on the stock in a report on Monday, December 22nd. Jefferies Financial Group raised their price objective on shares of LPL Financial from $426.00 to $440.00 and gave the stock a “buy” rating in a report on Friday, January 30th. TD Cowen decreased their target price on shares of LPL Financial from $399.00 to $378.00 and set a “hold” rating on the stock in a research report on Friday, January 30th. UBS Group set a $500.00 target price on shares of LPL Financial in a research note on Tuesday, February 3rd. Finally, Citigroup reissued a “market outperform” rating on shares of LPL Financial in a research report on Tuesday, February 3rd. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $428.71.

Insider Activity

In related news, CFO Matthew J. Audette sold 1,581 shares of the business’s stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $320.50, for a total transaction of $506,710.50. Following the completion of the transaction, the chief financial officer owned 21,382 shares in the company, valued at approximately $6,852,931. The trade was a 6.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Matthew Enyedi sold 2,109 shares of the business’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $320.15, for a total transaction of $675,196.35. Following the completion of the transaction, the director directly owned 14,121 shares of the company’s stock, valued at $4,520,838.15. This trade represents a 12.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 6,990 shares of company stock valued at $2,201,837 in the last ninety days. 1.30% of the stock is owned by insiders.

About LPL Financial

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.