OneDigital Investment Advisors LLC Sells 1,563 Shares of LPL Financial Holdings Inc. (NASDAQ:LPLA)

OneDigital Investment Advisors LLC cut its holdings in shares of LPL Financial Holdings Inc. (NASDAQ:LPLA) by 30.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,518 shares of the financial services provider’s stock after selling 1,563 shares during the period. OneDigital Investment Advisors LLC’s holdings in LPL Financial were worth $1,149,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Anchor Investment Management LLC boosted its stake in LPL Financial by 0.3% in the fourth quarter. Anchor Investment Management LLC now owns 9,697 shares of the financial services provider’s stock valued at $3,166,000 after buying an additional 28 shares in the last quarter. Wealth Alliance grew its holdings in shares of LPL Financial by 2.1% during the 4th quarter. Wealth Alliance now owns 1,483 shares of the financial services provider’s stock valued at $484,000 after purchasing an additional 30 shares during the last quarter. United Capital Financial Advisors LLC increased its position in LPL Financial by 2.6% during the 4th quarter. United Capital Financial Advisors LLC now owns 1,203 shares of the financial services provider’s stock worth $393,000 after purchasing an additional 31 shares in the last quarter. Sanchez Wealth Management Group lifted its stake in LPL Financial by 2.1% in the 4th quarter. Sanchez Wealth Management Group now owns 1,686 shares of the financial services provider’s stock valued at $551,000 after purchasing an additional 35 shares during the last quarter. Finally, Mather Group LLC. boosted its position in LPL Financial by 4.1% in the fourth quarter. Mather Group LLC. now owns 916 shares of the financial services provider’s stock valued at $299,000 after buying an additional 36 shares in the last quarter. Institutional investors and hedge funds own 95.66% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. JPMorgan Chase & Co. upped their price target on shares of LPL Financial from $397.00 to $405.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. UBS Group boosted their price target on LPL Financial from $390.00 to $420.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Wells Fargo & Company lowered their price objective on LPL Financial from $405.00 to $342.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Morgan Stanley lifted their target price on shares of LPL Financial from $379.00 to $413.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Finally, Barclays decreased their price target on shares of LPL Financial from $414.00 to $365.00 and set an “overweight” rating for the company in a research report on Monday, April 7th. One equities research analyst has rated the stock with a sell rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $369.83.

Insider Buying and Selling

In other LPL Financial news, CFO Matthew J. Audette sold 4,588 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $360.07, for a total value of $1,652,001.16. Following the transaction, the chief financial officer now owns 16,538 shares in the company, valued at approximately $5,954,837.66. This represents a 21.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Marc Eliot Cohen sold 1,100 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $365.85, for a total value of $402,435.00. Following the sale, the director now owns 4,075 shares of the company’s stock, valued at approximately $1,490,838.75. This represents a 21.26 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 34,465 shares of company stock valued at $12,562,070 over the last ninety days. 1.30% of the stock is owned by corporate insiders.

LPL Financial Stock Performance

Shares of LPLA opened at $315.84 on Friday. 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 fifty day simple moving average is $328.87 and its two-hundred day simple moving average is $322.96. LPL Financial Holdings Inc. has a 12 month low of $187.19 and a 12 month high of $384.04. The stock has a market capitalization of $25.06 billion, a P/E ratio of 22.50, a price-to-earnings-growth ratio of 0.94 and a beta of 0.64.

LPL Financial (NASDAQ:LPLA) last released its earnings results on Thursday, January 30th. The financial services provider reported $4.25 EPS for the quarter, topping the consensus estimate of $4.01 by $0.24. LPL Financial had a return on equity of 49.41% and a net margin of 8.55%. As a group, analysts predict that LPL Financial Holdings Inc. will post 19.35 EPS for the current year.

LPL Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th were given a dividend of $0.30 per share. The ex-dividend date was Tuesday, March 11th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.38%. LPL Financial’s payout ratio is presently 8.55%.

LPL Financial 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.