Fjarde AP Fonden Fourth Swedish National Pension Fund Purchases 7,620 Shares of LPL Financial Holdings Inc. $LPLA

Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in LPL Financial Holdings Inc. (NASDAQ:LPLA) by 51.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,440 shares of the financial services provider’s stock after buying an additional 7,620 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in LPL Financial were worth $6,751,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Egerton Capital UK LLP bought a new stake in LPL Financial in the fourth quarter valued at approximately $91,012,000. Massachusetts Financial Services Co. MA increased its position in shares of LPL Financial by 14.7% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,719,447 shares of the financial services provider’s stock worth $1,328,475,000 after acquiring an additional 477,094 shares in the last quarter. Munich Reinsurance Co Stock Corp in Munich bought a new stake in LPL Financial in the 3rd quarter valued at $1,975,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of LPL Financial by 7.1% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 77,992 shares of the financial services provider’s stock valued at $28,204,000 after purchasing an additional 5,179 shares during the period. Finally, Markel Group Inc. lifted its position in shares of LPL Financial by 1.2% in the fourth quarter. Markel Group Inc. now owns 559,951 shares of the financial services provider’s stock worth $199,998,000 after purchasing an additional 6,630 shares in the last quarter. 95.66% of the stock is owned by institutional investors.

LPL Financial Price Performance

Shares of NASDAQ:LPLA opened at $295.18 on Monday. LPL Financial Holdings Inc. has a 52-week low of $260.15 and a 52-week high of $403.58. The company has a market capitalization of $23.61 billion, a PE ratio of 26.36, a price-to-earnings-growth ratio of 0.61 and a beta of 0.50. The company has a debt-to-equity ratio of 1.26, a quick ratio of 2.56 and a current ratio of 2.56. The company has a fifty day moving average of $294.76 and a 200-day moving average of $321.48.

LPL Financial (NASDAQ:LPLA) last released its quarterly earnings data on Thursday, April 30th. The financial services provider reported $5.60 earnings per share for the quarter, beating the consensus estimate of $5.49 by $0.11. LPL Financial had a return on equity of 31.26% and a net margin of 4.93%.The company had revenue of $4.94 billion for the quarter, compared to the consensus estimate of $4.98 billion. During the same quarter last year, the business posted $5.15 EPS. LPL Financial’s revenue for the quarter was up 34.6% on a year-over-year basis. On average, equities analysts predict that LPL Financial Holdings Inc. will post 22.94 EPS for the current fiscal year.

LPL Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 21st were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Thursday, May 21st. LPL Financial’s dividend payout ratio (DPR) is currently 10.71%.

Wall Street Analyst Weigh In

LPLA has been the subject of several analyst reports. JPMorgan Chase & Co. decreased their target price on shares of LPL Financial from $396.00 to $390.00 and set an “overweight” rating for the company in a research note on Friday, May 1st. William Blair reiterated an “outperform” rating on shares of LPL Financial in a research report on Thursday, June 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of LPL Financial in a report on Monday, April 27th. Jefferies Financial Group decreased their target price on shares of LPL Financial from $464.00 to $383.00 and set a “buy” rating on the stock in a report on Monday, April 6th. Finally, TD Cowen decreased their price objective on shares of LPL Financial from $330.00 to $326.00 and set a “hold” rating on the stock in a research note on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, LPL Financial has a consensus rating of “Moderate Buy” and a consensus target price of $398.86.

Insider Transactions at LPL Financial

In other news, Director Aneri Jambusaria sold 308 shares of the stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $306.00, for a total value of $94,248.00. Following the completion of the sale, the director owned 6,415 shares of the company’s stock, valued at approximately $1,962,990. This represents a 4.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Matthew J. Audette sold 1,110 shares of LPL Financial stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $330.01, for a total value of $366,311.10. Following the completion of the transaction, the chief financial officer directly owned 19,803 shares in the company, valued at approximately $6,535,188.03. This represents a 5.31% 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 a total of 1,887 shares of company stock worth $613,144 in the last quarter. Corporate insiders own 0.60% of the company’s stock.

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.