Atria Investments Inc Has $5.78 Million Position in LPL Financial Holdings Inc. $LPLA

Atria Investments Inc trimmed its stake in LPL Financial Holdings Inc. (NASDAQ:LPLA) by 13.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,362 shares of the financial services provider’s stock after selling 2,748 shares during the quarter. Atria Investments Inc’s holdings in LPL Financial were worth $5,776,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of the company. Osterweis Capital Management Inc. bought a new stake in LPL Financial in the second quarter worth approximately $26,000. SJS Investment Consulting Inc. raised its holdings in shares of LPL Financial by 912.5% during the 3rd 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 in the last quarter. Chung Wu Investment Group LLC acquired a new stake in shares of LPL Financial in the 3rd quarter valued at $27,000. Eastern Bank boosted its holdings in LPL Financial by 72.0% in the third quarter. Eastern Bank now owns 86 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 36 shares in the last quarter. Finally, SBI Securities Co. Ltd. increased its position in LPL Financial by 116.2% during 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 during the last quarter. 95.66% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at LPL Financial

In other news, Director Aneri Jambusaria sold 80 shares of the firm’s stock in a transaction dated Monday, December 1st. The stock was 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. This trade represents a 1.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Richard Steinmeier sold 5,058 shares of the firm’s stock in a transaction on Friday, December 5th. The stock was sold at an average price of $370.99, for a total transaction of $1,876,467.42. Following the sale, the chief executive officer owned 9,326 shares in the company, valued at approximately $3,459,852.74. The trade was a 35.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 5,888 shares of company stock worth $2,182,893. 1.30% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Jefferies Financial Group increased their price target on LPL Financial from $426.00 to $440.00 and gave the company a “buy” rating in a report on Friday, January 30th. UBS Group set a $500.00 price objective on shares of LPL Financial in a report on Tuesday, February 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of LPL Financial in a report on Wednesday, January 28th. TD Cowen decreased their price target on shares of LPL Financial from $399.00 to $378.00 and set a “hold” rating for the company in a report on Friday, January 30th. Finally, Morgan Stanley dropped their target price on shares of LPL Financial from $462.00 to $447.00 and set an “overweight” rating on the stock in a research report on Monday, December 22nd. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $431.80.

LPL Financial Trading Up 1.4%

Shares of LPLA stock opened at $334.70 on Friday. The firm has a 50-day moving average price of $368.07 and a 200 day moving average price of $357.56. LPL Financial Holdings Inc. has a 12-month low of $262.83 and a 12-month high of $403.58. The company has a market capitalization of $26.79 billion, a P/E ratio of 30.40, a P/E/G ratio of 0.73 and a beta of 0.58. The company has a quick ratio of 2.60, a current ratio of 2.60 and a debt-to-equity ratio of 1.49.

LPL Financial (NASDAQ:LPLA) last released its quarterly earnings results on Thursday, January 29th. The financial services provider reported $5.23 EPS for the quarter, beating the consensus estimate of $4.82 by $0.41. LPL Financial had a net margin of 5.08% and a return on equity of 35.99%. The business had revenue of $4.93 billion for the quarter, compared to analysts’ expectations of $4.90 billion. During the same period in the prior year, the firm earned $4.25 earnings per share. LPL Financial’s revenue was up 8.4% compared to the same quarter last year. Research analysts forecast 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 given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Tuesday, March 10th. LPL Financial’s dividend payout ratio (DPR) is currently 10.90%.

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.