LPL Financial Holdings Inc. (NASDAQ:LPLA) Shares Bought by Sanctuary Advisors LLC

Sanctuary Advisors LLC grew its holdings in LPL Financial Holdings Inc. (NASDAQ:LPLA) by 25.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,399 shares of the financial services provider’s stock after purchasing an additional 3,339 shares during the period. Sanctuary Advisors LLC’s holdings in LPL Financial were worth $3,815,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of LPLA. Ashton Thomas Private Wealth LLC acquired a new position in LPL Financial in the second quarter valued at about $25,000. Key Financial Inc acquired a new position in shares of LPL Financial in the 2nd quarter worth approximately $28,000. Ashton Thomas Securities LLC purchased a new position in shares of LPL Financial during the 3rd quarter worth approximately $31,000. Paladin Wealth LLC acquired a new stake in LPL Financial in the 3rd quarter valued at approximately $34,000. Finally, Crewe Advisors LLC raised its position in LPL Financial by 360.7% in the second quarter. Crewe Advisors LLC now owns 129 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 101 shares during the period. 95.66% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at LPL Financial

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

LPL Financial Price Performance

Shares of LPLA opened at $329.77 on Tuesday. The firm 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. The firm’s fifty day simple moving average is $295.61 and its 200-day simple moving average is $259.01. LPL Financial Holdings Inc. has a twelve month low of $187.19 and a twelve month high of $334.38. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 1.60.

LPL Financial (NASDAQ:LPLA) last posted its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $4.16 earnings per share for the quarter, beating analysts’ consensus estimates of $3.69 by $0.47. The company had revenue of $3.11 billion for the quarter, compared to analysts’ expectations of $3.04 billion. LPL Financial had a return on equity of 49.47% and a net margin of 8.73%. LPL Financial’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period last year, the firm earned $3.74 earnings per share. Equities analysts forecast that LPL Financial Holdings Inc. will post 16.1 EPS for the current fiscal year.

LPL Financial Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on LPLA shares. Jefferies Financial Group lowered their price target on LPL Financial from $309.00 to $282.00 and set a “buy” rating for the company in a research report on Friday, October 4th. JMP Securities reaffirmed a “market outperform” rating and issued a $310.00 target price on shares of LPL Financial in a research report on Wednesday, October 9th. UBS Group increased their price target on shares of LPL Financial from $215.00 to $250.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 8th. Barclays lifted their price objective on shares of LPL Financial from $311.00 to $378.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Finally, TD Cowen increased their target price on shares of LPL Financial from $271.00 to $277.00 and gave the stock a “hold” rating in a report on Thursday, October 31st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $305.17.

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.