Family Wealth Partners LLC Has $36.43 Million Holdings in LPL Financial Holdings Inc. $LPLA

Family Wealth Partners LLC reduced its position in shares of LPL Financial Holdings Inc. (NASDAQ:LPLA) by 3.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 102,005 shares of the financial services provider’s stock after selling 3,639 shares during the period. LPL Financial makes up about 13.1% of Family Wealth Partners LLC’s investment portfolio, making the stock its 2nd largest position. Family Wealth Partners LLC’s holdings in LPL Financial were worth $36,433,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. NewEdge Advisors LLC boosted its position in shares of LPL Financial by 42.7% during the 1st quarter. NewEdge Advisors LLC now owns 3,525 shares of the financial services provider’s stock valued at $1,153,000 after purchasing an additional 1,055 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of LPL Financial by 0.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 209,126 shares of the financial services provider’s stock worth $68,414,000 after purchasing an additional 1,089 shares in the last quarter. Woodline Partners LP bought a new stake in shares of LPL Financial in the 1st quarter worth approximately $1,636,000. Focus Partners Wealth lifted its stake in LPL Financial by 12.2% during the first quarter. Focus Partners Wealth now owns 4,360 shares of the financial services provider’s stock valued at $1,426,000 after purchasing an additional 473 shares during the last quarter. Finally, Acadian Asset Management LLC bought a new stake in LPL Financial during the first quarter worth approximately $121,000. 95.66% of the stock is currently owned by institutional investors.

LPL Financial Stock Down 2.2%

Shares of NASDAQ:LPLA opened at $296.90 on Friday. The firm has a 50 day simple moving average of $330.65 and a 200 day simple moving average of $345.32. LPL Financial Holdings Inc. has a 52 week low of $262.83 and a 52 week high of $403.58. The company has a debt-to-equity ratio of 1.36, a quick ratio of 2.45 and a current ratio of 2.45. The company has a market cap of $23.81 billion, a PE ratio of 26.97, a price-to-earnings-growth ratio of 0.67 and a beta of 0.59.

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

LPL Financial Dividend Announcement

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

Insider Transactions at LPL Financial

In related news, Director Matthew Enyedi sold 2,109 shares of the firm’s stock in a transaction that occurred 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 sale, the director directly owned 14,121 shares in the company, valued at approximately $4,520,838.15. This trade represents a 12.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 transaction, the chief financial officer directly owned 21,382 shares in the company, valued at $6,852,931. The trade was a 6.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 6,990 shares of company stock valued at $2,201,837 over the last three months. 1.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have issued reports on LPLA. TD Cowen decreased their price target 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. Wolfe Research set a $478.00 price objective on LPL Financial in a research note on Friday, January 30th. JPMorgan Chase & Co. lifted their target price on LPL Financial from $433.00 to $439.00 and gave the stock an “overweight” rating in a report on Friday, January 30th. UBS Group set a $500.00 target price on LPL Financial in a report on Tuesday, February 3rd. Finally, Barclays decreased their price target on LPL Financial from $444.00 to $434.00 and set an “overweight” rating for the company in a research report on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $428.71.

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.