One Wealth Advisors LLC Buys Shares of 1,015 LPL Financial Holdings Inc. (NASDAQ:LPLA)

One Wealth Advisors LLC bought a new stake in shares of LPL Financial Holdings Inc. (NASDAQ:LPLA) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 1,015 shares of the financial services provider’s stock, valued at approximately $331,000.

A number of other hedge funds have also modified their holdings of LPLA. Bridges Investment Management Inc. increased its position in LPL Financial by 3.2% during the third quarter. Bridges Investment Management Inc. now owns 1,185 shares of the financial services provider’s stock worth $276,000 after buying an additional 37 shares during the last quarter. Avior Wealth Management LLC boosted its holdings in LPL Financial by 1.8% during the third quarter. Avior Wealth Management LLC now owns 2,416 shares of the financial services provider’s stock valued at $562,000 after acquiring an additional 42 shares during the period. MFA Wealth Advisors LLC lifted its stake in shares of LPL Financial by 3.9% in the third quarter. MFA Wealth Advisors LLC now owns 1,148 shares of the financial services provider’s stock valued at $267,000 after buying an additional 43 shares during the period. Integrated Wealth Concepts LLC lifted its stake in shares of LPL Financial by 1.1% in the third quarter. Integrated Wealth Concepts LLC now owns 4,107 shares of the financial services provider’s stock valued at $956,000 after buying an additional 44 shares during the period. Finally, Metis Global Partners LLC lifted its stake in shares of LPL Financial by 5.1% in the third quarter. Metis Global Partners LLC now owns 945 shares of the financial services provider’s stock valued at $220,000 after buying an additional 46 shares during the period. 95.66% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently issued reports on LPLA. JMP Securities reissued a “market outperform” rating and issued a $435.00 price target on shares of LPL Financial in a research report on Friday. UBS Group raised their price target on shares of LPL Financial from $390.00 to $420.00 and gave the company a “buy” rating in a report on Friday. TD Cowen raised shares of LPL Financial from a “hold” rating to a “buy” rating and raised their price target for the company from $277.00 to $413.00 in a report on Thursday, December 19th. Keefe, Bruyette & Woods raised their price objective on shares of LPL Financial from $390.00 to $405.00 and gave the company an “outperform” rating in a research note on Friday. Finally, StockNews.com raised shares of LPL Financial from a “sell” rating to a “hold” rating in a research report on Saturday, November 9th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $370.50.

LPL Financial Price Performance

Shares of LPL Financial stock opened at $364.15 on Tuesday. The company has a fifty day moving average of $336.44 and a 200-day moving average of $275.42. LPL Financial Holdings Inc. has a 52-week low of $187.19 and a 52-week high of $375.74. The company has a debt-to-equity ratio of 1.60, a quick ratio of 2.16 and a current ratio of 2.16. The stock has a market capitalization of $27.27 billion, a price-to-earnings ratio of 25.94, a price-to-earnings-growth ratio of 1.13 and a beta of 0.87.

LPL Financial (NASDAQ:LPLA) last issued its quarterly earnings results on Thursday, January 30th. The financial services provider reported $4.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.01 by $0.24. LPL Financial had a net margin of 8.55% and a return on equity of 49.41%. Equities research analysts expect that LPL Financial Holdings Inc. will post 19.4 EPS for the current year.

LPL Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date of this dividend is Tuesday, March 11th. LPL Financial’s payout ratio is 8.55%.

Insiders Place Their Bets

In other LPL Financial news, Director Aneri Jambusaria sold 305 shares of LPL Financial stock in a transaction 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 transaction, the director now directly owns 3,920 shares of the company’s stock, valued at $1,301,204.80. The trade was a 7.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.00% of the stock is owned by company insiders.

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.