Coldstream Capital Management Inc. Sells 189 Shares of LPL Financial Holdings Inc. (NASDAQ:LPLA)

Coldstream Capital Management Inc. reduced its stake in LPL Financial Holdings Inc. (NASDAQ:LPLA) by 13.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,183 shares of the financial services provider’s stock after selling 189 shares during the period. Coldstream Capital Management Inc.’s holdings in LPL Financial were worth $283,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Ashton Thomas Private Wealth LLC purchased a new stake in LPL Financial in the 2nd quarter worth approximately $25,000. Key Financial Inc purchased a new stake in shares of LPL Financial in the second quarter worth $28,000. Ashton Thomas Securities LLC purchased a new position in LPL Financial during the third quarter worth about $31,000. Paladin Wealth LLC purchased a new position in LPL Financial during the third quarter worth about $34,000. Finally, Crewe Advisors LLC raised its holdings in shares of LPL Financial by 360.7% in the 2nd quarter. Crewe Advisors LLC now owns 129 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 101 shares in the last quarter. 95.66% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other LPL Financial news, Director Aneri Jambusaria sold 305 shares of the firm’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $331.94, for a total transaction of $101,241.70. Following the completion of the transaction, the director now owns 3,920 shares of the company’s stock, valued at approximately $1,301,204.80. This trade represents a 7.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms recently weighed in on LPLA. TD Cowen upped their price objective on shares of LPL Financial from $271.00 to $277.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. The Goldman Sachs Group raised their price objective on shares of LPL Financial from $271.00 to $305.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Barclays upped their target price on shares of LPL Financial from $311.00 to $378.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. StockNews.com upgraded LPL Financial from a “sell” rating to a “hold” rating in a research report on Saturday, November 9th. Finally, Wells Fargo & Company upped their price objective on LPL Financial from $310.00 to $390.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $305.17.

LPL Financial Price Performance

LPLA stock opened at $329.77 on Tuesday. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 1.60. The firm’s 50-day moving average price is $295.61 and its two-hundred day moving average price is $259.01. The stock has a market capitalization of $24.69 billion, a price-to-earnings ratio of 24.79, a PEG ratio of 1.61 and a beta of 0.86. LPL Financial Holdings Inc. has a 12-month low of $187.19 and a 12-month high of $334.38.

LPL Financial (NASDAQ:LPLA) last issued its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $4.16 earnings per share for the quarter, topping analysts’ consensus estimates of $3.69 by $0.47. LPL Financial had a return on equity of 49.47% and a net margin of 8.73%. The firm had revenue of $3.11 billion for the quarter, compared to analyst estimates of $3.04 billion. During the same period last year, the company earned $3.74 EPS. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. As a group, equities analysts predict that LPL Financial Holdings Inc. will post 16.1 earnings per share for the current year.

LPL Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Thursday, November 14th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.36%. The ex-dividend date of this dividend was Thursday, November 14th. LPL Financial’s dividend payout ratio is currently 9.02%.

LPL Financial Company 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.