O Shaughnessy Asset Management LLC Has $4.63 Million Stock Holdings in LPL Financial Holdings Inc. (NASDAQ:LPLA)

O Shaughnessy Asset Management LLC raised its stake in LPL Financial Holdings Inc. (NASDAQ:LPLA) by 10.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,182 shares of the financial services provider’s stock after purchasing an additional 1,356 shares during the period. O Shaughnessy Asset Management LLC’s holdings in LPL Financial were worth $4,631,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Graney & King LLC bought a new position in LPL Financial in the 4th quarter valued at about $30,000. Jones Financial Companies Lllp grew its position in shares of LPL Financial by 45.3% in the fourth quarter. Jones Financial Companies Lllp now owns 138 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 43 shares during the last quarter. Atala Financial Inc bought a new position in shares of LPL Financial during the fourth quarter worth approximately $59,000. Compass Financial Services Inc acquired a new stake in LPL Financial during the 4th quarter worth approximately $65,000. Finally, R Squared Ltd bought a new stake in LPL Financial in the 4th quarter valued at $78,000. 95.66% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

LPLA has been the subject of a number of research reports. Keefe, Bruyette & Woods lifted their target price on LPL Financial from $390.00 to $405.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. StockNews.com cut shares of LPL Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, March 26th. 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 research report on Friday, January 31st. TD Cowen upgraded shares of LPL Financial from a “hold” rating to a “buy” rating and lifted their price target for the company from $277.00 to $413.00 in a research report on Thursday, December 19th. Finally, JMP Securities reissued a “market outperform” rating and set a $435.00 price target on shares of LPL Financial in a research report on Friday, January 31st. Two research analysts have rated the stock with a sell rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $380.42.

Insider Activity

In other news, Director Marc Eliot Cohen sold 1,100 shares of the firm’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $365.85, for a total transaction of $402,435.00. Following the completion of the transaction, the director now owns 4,075 shares of the company’s stock, valued at approximately $1,490,838.75. This trade represents a 21.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Matthew J. Audette sold 28,777 shares of the business’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $365.14, for a total transaction of $10,507,633.78. Following the completion of the sale, the chief financial officer now directly owns 13,663 shares in the company, valued at approximately $4,988,907.82. This represents a 67.81 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 34,465 shares of company stock worth $12,562,070. Insiders own 1.30% of the company’s stock.

LPL Financial Price Performance

Shares of LPLA stock opened at $338.40 on Thursday. The business has a fifty day simple moving average of $350.80 and a 200 day simple moving average of $314.46. The company has a market cap of $25.24 billion, a P/E ratio of 24.10, a P/E/G ratio of 0.94 and a beta of 0.82. The company has a quick ratio of 2.16, a current ratio of 2.16 and a debt-to-equity ratio of 1.60. LPL Financial Holdings Inc. has a twelve month low of $187.19 and a twelve 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, topping 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 forecast that LPL Financial Holdings Inc. will post 19.35 EPS for the current fiscal year.

LPL Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th were issued a dividend of $0.30 per share. The ex-dividend date was Tuesday, March 11th. This represents a $1.20 annualized dividend and a dividend yield of 0.35%. LPL Financial’s dividend payout ratio (DPR) is presently 8.55%.

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.