LPL Financial Holdings Inc. (NASDAQ:LPLA) Shares Sold by Vinva Investment Management Ltd

Vinva Investment Management Ltd reduced its stake in LPL Financial Holdings Inc. (NASDAQ:LPLA) by 72.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 865 shares of the financial services provider’s stock after selling 2,313 shares during the quarter. Vinva Investment Management Ltd’s holdings in LPL Financial were worth $283,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. Wealth Alliance lifted its holdings in shares of LPL Financial by 2.1% in the 4th quarter. Wealth Alliance now owns 1,483 shares of the financial services provider’s stock worth $484,000 after acquiring an additional 30 shares during the last quarter. Sanchez Wealth Management Group lifted its holdings in LPL Financial by 2.1% during the 4th quarter. Sanchez Wealth Management Group now owns 1,686 shares of the financial services provider’s stock worth $551,000 after buying an additional 35 shares in the last quarter. Mather Group LLC. lifted its holdings in LPL Financial by 4.1% during the 4th quarter. Mather Group LLC. now owns 916 shares of the financial services provider’s stock worth $299,000 after buying an additional 36 shares in the last quarter. Signaturefd LLC lifted its holdings in LPL Financial by 3.1% during the 4th quarter. Signaturefd LLC now owns 1,352 shares of the financial services provider’s stock worth $441,000 after buying an additional 41 shares in the last quarter. Finally, Avior Wealth Management LLC lifted its holdings in LPL Financial by 1.8% during the 3rd quarter. Avior Wealth Management LLC now owns 2,416 shares of the financial services provider’s stock worth $562,000 after buying an additional 42 shares in the last quarter. 95.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at LPL Financial

In related news, Director Marc Eliot Cohen sold 1,100 shares of the stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $365.85, for a total value of $402,435.00. Following the transaction, the director now directly owns 4,075 shares of the company’s stock, valued at $1,490,838.75. This trade represents a 21.26 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Matthew J. Audette sold 4,588 shares of the stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $360.07, for a total transaction of $1,652,001.16. Following the completion of the transaction, the chief financial officer now directly owns 16,538 shares in the company, valued at $5,954,837.66. This trade represents a 21.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 34,465 shares of company stock valued at $12,562,070 in the last ninety days. Insiders own 1.30% of the company’s stock.

LPL Financial Trading Down 2.0 %

NASDAQ LPLA opened at $327.90 on Friday. The company has a debt-to-equity ratio of 1.60, a current ratio of 2.16 and a quick ratio of 2.16. The firm’s fifty day moving average price is $351.95 and its 200 day moving average price is $306.82. The company has a market capitalization of $24.49 billion, a price-to-earnings ratio of 23.35, a price-to-earnings-growth ratio of 0.94 and a beta of 0.82. LPL Financial Holdings Inc. has a 12 month low of $187.19 and a 12 month high of $384.04.

LPL Financial (NASDAQ:LPLA) last posted its earnings results on Thursday, January 30th. The financial services provider reported $4.25 EPS for the quarter, beating analysts’ consensus estimates of $4.01 by $0.24. LPL Financial had a net margin of 8.55% and a return on equity of 49.41%. On average, sell-side analysts expect that LPL Financial Holdings Inc. will post 19.35 earnings per share for the current fiscal year.

LPL Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.37%. The ex-dividend date is Tuesday, March 11th. LPL Financial’s dividend payout ratio (DPR) is 8.55%.

Analyst Ratings Changes

LPLA has been the topic of a number of research reports. Barclays increased their target price on shares of LPL Financial from $389.00 to $414.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. JMP Securities reiterated a “market outperform” rating and set a $435.00 target price on shares of LPL Financial in a report on Friday, January 31st. TD Cowen upgraded shares of LPL Financial from a “hold” rating to a “buy” rating and increased their target price for the stock from $277.00 to $413.00 in a report on Thursday, December 19th. Wells Fargo & Company increased their target price on shares of LPL Financial from $390.00 to $405.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Finally, UBS Group increased their target price on shares of LPL Financial from $390.00 to $420.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Two analysts have rated the stock with a sell rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $379.17.

LPL Financial Profile

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 enterprises in the United States. Its brokerage offerings include variable and fixed annuities, mutual funds, equities, fixed income, alternative investments, retirement and 529 education savings plans, and insurance.