Wilmington Savings Fund Society FSB Acquires Shares of 783 LPL Financial Holdings Inc. (NASDAQ:LPLA)

Wilmington Savings Fund Society FSB bought a new position in shares of LPL Financial Holdings Inc. (NASDAQ:LPLA) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 783 shares of the financial services provider’s stock, valued at approximately $182,000.

Several other large investors also recently modified their holdings of LPLA. Sanctuary Advisors LLC grew its stake in LPL Financial by 25.6% during the third quarter. Sanctuary Advisors LLC now owns 16,399 shares of the financial services provider’s stock worth $3,815,000 after buying an additional 3,339 shares in the last quarter. Anchor Investment Management LLC lifted its holdings in shares of LPL Financial by 15.6% during the 3rd quarter. Anchor Investment Management LLC now owns 9,669 shares of the financial services provider’s stock worth $2,249,000 after acquiring an additional 1,304 shares during the period. SkyView Investment Advisors LLC boosted its position in shares of LPL Financial by 2.8% during the 3rd quarter. SkyView Investment Advisors LLC now owns 4,835 shares of the financial services provider’s stock worth $1,125,000 after acquiring an additional 131 shares in the last quarter. TD Private Client Wealth LLC increased its stake in LPL Financial by 11.0% in the third quarter. TD Private Client Wealth LLC now owns 12,079 shares of the financial services provider’s stock valued at $2,810,000 after acquiring an additional 1,193 shares during the last quarter. Finally, TT International Asset Management LTD acquired a new position in LPL Financial during the third quarter valued at approximately $2,620,000. 95.66% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Citigroup raised their target price on LPL Financial from $285.00 to $310.00 and gave the company a “buy” rating in a report on Thursday, October 31st. JMP Securities reaffirmed a “market outperform” rating and issued a $310.00 price objective on shares of LPL Financial in a research note on Wednesday, October 9th. The Goldman Sachs Group boosted their target price on LPL Financial from $271.00 to $305.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. StockNews.com upgraded shares of LPL Financial from a “sell” rating to a “hold” rating in a research note on Saturday, November 9th. Finally, UBS Group upped their price objective 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. 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 company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $305.17.

LPL Financial Trading Down 2.2 %

NASDAQ LPLA opened at $322.06 on Thursday. The firm has a market capitalization of $24.12 billion, a PE ratio of 24.22, a price-to-earnings-growth ratio of 1.61 and a beta of 0.86. The business’s 50-day moving average price is $297.42 and its two-hundred day moving average price is $259.31. 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 Holdings Inc. has a 12 month low of $187.19 and a 12 month high of $334.38.

LPL Financial (NASDAQ:LPLA) last released its 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 business had revenue of $3.11 billion during the quarter, compared to the consensus estimate of $3.04 billion. LPL Financial had a net margin of 8.73% and a return on equity of 49.47%. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.74 EPS. On average, analysts expect that LPL Financial Holdings Inc. will post 16.1 EPS for the current year.

LPL Financial Dividend Announcement

The company 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 dividend on an annualized basis and a yield of 0.37%. The ex-dividend date was Thursday, November 14th. LPL Financial’s dividend payout ratio is presently 9.02%.

Insider Activity at LPL Financial

In other LPL Financial news, Director Aneri Jambusaria sold 305 shares of LPL Financial stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $331.94, for a total value of $101,241.70. Following the completion of the sale, the director now directly owns 3,920 shares in the company, valued at approximately $1,301,204.80. The trade was a 7.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.30% 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.