LPL Financial Holdings Inc. (NASDAQ:LPLA) Stock Position Decreased by Logan Capital Management Inc.

Logan Capital Management Inc. reduced its stake in LPL Financial Holdings Inc. (NASDAQ:LPLA) by 6.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 41,233 shares of the financial services provider’s stock after selling 2,947 shares during the quarter. Logan Capital Management Inc.’s holdings in LPL Financial were worth $13,463,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in LPLA. Graney & King LLC bought a new position in shares of LPL Financial during the fourth quarter worth about $30,000. Itau Unibanco Holding S.A. acquired a new position in shares of LPL Financial during the fourth quarter worth approximately $42,000. Jones Financial Companies Lllp increased its position in LPL Financial by 45.3% in the 4th quarter. Jones Financial Companies Lllp now owns 138 shares of the financial services provider’s stock valued at $45,000 after acquiring an additional 43 shares during the period. Atala Financial Inc bought a new stake in LPL Financial during the 4th quarter valued at $59,000. Finally, Compass Financial Services Inc acquired a new position in LPL Financial during the 4th quarter worth $65,000. 95.66% of the stock is owned by institutional investors.

LPL Financial Stock Up 6.3%

Shares of LPLA stock opened at $360.42 on Monday. The stock has a 50 day moving average of $320.64 and a 200-day moving average of $329.85. The firm has a market cap of $28.60 billion, a PE ratio of 25.67, a price-to-earnings-growth ratio of 0.94 and a beta of 0.65. 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 12 month low of $187.19 and a 12 month high of $384.04.

LPL Financial (NASDAQ:LPLA) last announced its quarterly earnings data on Thursday, May 8th. The financial services provider reported $5.15 EPS for the quarter, topping analysts’ consensus estimates of $4.54 by $0.61. The company had revenue of $3.67 billion during the quarter, compared to the consensus estimate of $3.63 billion. LPL Financial had a return on equity of 49.41% and a net margin of 8.55%. The company’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the company earned $3.83 EPS. On average, equities analysts predict that LPL Financial Holdings Inc. will post 19.35 EPS for the current year.

LPL Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Friday, May 30th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.33%. The ex-dividend date is Friday, May 30th. LPL Financial’s dividend payout ratio (DPR) is currently 8.30%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Wells Fargo & Company dropped their price target on shares of LPL Financial from $405.00 to $342.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Morgan Stanley upped their price objective on LPL Financial from $379.00 to $413.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. UBS Group boosted their price target 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. Barclays reduced their price objective 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. Finally, StockNews.com lowered shares of LPL Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, March 26th. One investment analyst has rated the stock with a sell rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $371.50.

Insider Transactions at LPL Financial

In related news, Director Marc Eliot Cohen sold 1,100 shares of LPL Financial stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $365.85, for a total value of $402,435.00. Following the completion of the sale, the director now directly owns 4,075 shares in the company, valued at $1,490,838.75. This trade represents a 21.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 stock was sold at an average price of $360.07, for a total value of $1,652,001.16. Following the sale, the chief financial officer now directly owns 16,538 shares of the company’s stock, valued at $5,954,837.66. This represents a 21.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.30% of the stock is owned by company insiders.

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.