Atria Investments LLC Boosts Stock Holdings in LPL Financial Holdings Inc. (NASDAQ:LPLA)

Atria Investments LLC lifted its stake in shares of LPL Financial Holdings Inc. (NASDAQ:LPLAGet Rating) by 12.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,971 shares of the financial services provider’s stock after acquiring an additional 1,348 shares during the quarter. Atria Investments LLC’s holdings in LPL Financial were worth $2,187,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the stock. HighTower Advisors LLC increased its position in shares of LPL Financial by 3.6% during the fourth quarter. HighTower Advisors LLC now owns 1,683 shares of the financial services provider’s stock worth $268,000 after acquiring an additional 58 shares during the period. Shell Asset Management Co. grew its stake in shares of LPL Financial by 0.6% during the fourth quarter. Shell Asset Management Co. now owns 9,822 shares of the financial services provider’s stock worth $1,572,000 after purchasing an additional 59 shares in the last quarter. M&T Bank Corp grew its stake in shares of LPL Financial by 3.0% during the fourth quarter. M&T Bank Corp now owns 2,085 shares of the financial services provider’s stock worth $335,000 after purchasing an additional 61 shares in the last quarter. Signaturefd LLC grew its stake in shares of LPL Financial by 14.5% during the first quarter. Signaturefd LLC now owns 537 shares of the financial services provider’s stock worth $98,000 after purchasing an additional 68 shares in the last quarter. Finally, O Shares Investment Advisers LLC grew its stake in shares of LPL Financial by 2.3% during the fourth quarter. O Shares Investment Advisers LLC now owns 3,370 shares of the financial services provider’s stock worth $540,000 after purchasing an additional 76 shares in the last quarter. Hedge funds and other institutional investors own 96.06% of the company’s stock.

Insider Buying and Selling

In related news, CEO Dan H. Arnold sold 19,508 shares of the stock in a transaction dated Friday, May 27th. The shares were sold at an average price of $200.36, for a total transaction of $3,908,622.88. Following the completion of the transaction, the chief executive officer now directly owns 162,608 shares of the company’s stock, valued at $32,580,138.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Dan H. Arnold sold 19,508 shares of the stock in a transaction dated Friday, May 27th. The shares were sold at an average price of $200.36, for a total transaction of $3,908,622.88. Following the completion of the transaction, the chief executive officer now directly owns 162,608 shares of the company’s stock, valued at $32,580,138.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michelle Oroschakoff sold 15,724 shares of the stock in a transaction dated Monday, May 16th. The stock was sold at an average price of $172.23, for a total transaction of $2,708,144.52. Following the transaction, the director now directly owns 42,068 shares of the company’s stock, valued at $7,245,371.64. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by corporate insiders.

LPL Financial Price Performance

Shares of NASDAQ:LPLA opened at $192.39 on Monday. The company has a 50-day simple moving average of $186.47 and a 200-day simple moving average of $182.75. LPL Financial Holdings Inc. has a one year low of $134.97 and a one year high of $220.80. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.83 and a current ratio of 1.83. The stock has a market capitalization of $15.38 billion, a price-to-earnings ratio of 33.87, a PEG ratio of 0.50 and a beta of 0.95.

LPL Financial (NASDAQ:LPLAGet Rating) last announced its earnings results on Thursday, April 28th. The financial services provider reported $1.95 EPS for the quarter, beating analysts’ consensus estimates of $1.79 by $0.16. LPL Financial had a net margin of 5.74% and a return on equity of 35.82%. The business had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $2.14 billion. During the same period in the prior year, the company earned $1.77 earnings per share. The business’s revenue was up 21.0% compared to the same quarter last year. On average, analysts predict that LPL Financial Holdings Inc. will post 10 EPS for the current year.

LPL Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 24th. Stockholders of record on Thursday, June 9th were issued a $0.25 dividend. The ex-dividend date was Wednesday, June 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.52%. LPL Financial’s payout ratio is 17.61%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Citigroup boosted their target price on shares of LPL Financial from $225.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, April 14th. Truist Financial upped their price objective on shares of LPL Financial from $200.00 to $230.00 in a research note on Tuesday, May 3rd. Morgan Stanley decreased their price objective on shares of LPL Financial from $246.00 to $241.00 and set an “overweight” rating for the company in a research note on Tuesday, July 19th. StockNews.com downgraded shares of LPL Financial from a “hold” rating to a “sell” rating in a research note on Monday, May 2nd. Finally, JMP Securities upgraded shares of LPL Financial from a “market perform” rating to an “outperform” rating and set a $242.00 price objective for the company in a research note on Thursday, April 7th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $226.67.

About LPL Financial

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LPL Financial Holdings Inc, together with its subsidiaries, provides an integrated platform of brokerage and investment advisory services to independent financial advisors and financial advisors at financial institutions in the United States. Its brokerage offerings include variable and fixed annuities, mutual funds, equities, retirement and education savings plans, fixed income, and insurance, as well as alternative investments, such as non-traded real estate investment trusts and auction rate notes.

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