Coldstream Capital Management Inc. Decreases Stock Position in LPL Financial Holdings Inc. (NASDAQ:LPLA)

Coldstream Capital Management Inc. lessened its position in shares of LPL Financial Holdings Inc. (NASDAQ:LPLA) by 5.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,113 shares of the financial services provider’s stock after selling 70 shares during the period. Coldstream Capital Management Inc.’s holdings in LPL Financial were worth $363,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Graney & King LLC purchased a new stake in shares of LPL Financial during the 4th quarter valued at approximately $30,000. Jones Financial Companies Lllp boosted its holdings 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 worth $45,000 after acquiring an additional 43 shares during the period. Atala Financial Inc purchased a new position in shares of LPL Financial in the fourth quarter valued at $59,000. Compass Financial Services Inc bought a new stake in shares of LPL Financial during the 4th quarter valued at $65,000. Finally, R Squared Ltd bought a new position in LPL Financial in the 4th quarter worth about $78,000. Institutional investors own 95.66% of the company’s stock.

Insider Buying and Selling at LPL Financial

In other LPL Financial news, Director Marc Eliot Cohen sold 1,100 shares of the 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 sale, the director now owns 4,075 shares of the company’s stock, valued at $1,490,838.75. This represents a 21.26 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Matthew J. Audette sold 4,588 shares of the business’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $360.07, for a total transaction of $1,652,001.16. Following the completion of the transaction, the chief financial officer now owns 16,538 shares in the company, valued at $5,954,837.66. The trade was a 21.72 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 34,465 shares of company stock worth $12,562,070. 1.30% of the stock is currently owned by insiders.

LPL Financial Price Performance

Shares of NASDAQ:LPLA opened at $319.79 on Thursday. The company has a quick ratio of 2.16, a current ratio of 2.16 and a debt-to-equity ratio of 1.60. The stock has a market cap of $25.37 billion, a PE ratio of 22.78, a PEG ratio of 0.94 and a beta of 0.64. The company’s fifty day moving average is $323.96 and its 200 day moving average is $324.98. LPL Financial Holdings Inc. has a 52 week low of $187.19 and a 52 week high of $384.04.

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

Wall Street Analyst Weigh In

Several research firms have issued reports on LPLA. Barclays lowered their target price on shares of LPL Financial from $414.00 to $365.00 and set an “overweight” rating on the stock in a research note on Monday, April 7th. StockNews.com lowered LPL Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, March 26th. Citigroup lowered their price target on LPL Financial from $415.00 to $400.00 and set a “buy” rating on the stock in a report on Wednesday, April 2nd. Morgan Stanley boosted their price objective on LPL Financial from $379.00 to $413.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Finally, UBS Group raised their target price on shares of LPL Financial from $390.00 to $420.00 and gave the company a “buy” rating in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, LPL Financial presently has a consensus rating of “Moderate Buy” and an average price target of $369.83.

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.