Pathstone Holdings LLC Has $11.95 Million Holdings in LPL Financial Holdings Inc. (NASDAQ:LPLA)

Pathstone Holdings LLC increased its holdings in shares of LPL Financial Holdings Inc. (NASDAQ:LPLA) by 0.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 36,610 shares of the financial services provider’s stock after buying an additional 276 shares during the quarter. Pathstone Holdings LLC’s holdings in LPL Financial were worth $11,954,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Graney & King LLC bought a new position in LPL Financial during the 4th quarter worth about $30,000. Itau Unibanco Holding S.A. bought a new position in LPL Financial during the 4th quarter worth about $42,000. Jones Financial Companies Lllp increased its holdings in LPL Financial by 45.3% during the 4th quarter. Jones Financial Companies Lllp now owns 138 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 43 shares in the last quarter. Atala Financial Inc bought a new position in LPL Financial during the 4th quarter worth about $59,000. Finally, Compass Financial Services Inc bought a new position in LPL Financial during the 4th quarter worth about $65,000. Institutional investors and hedge funds own 95.66% of the company’s stock.

LPL Financial Trading Down 0.9%

LPL Financial stock opened at $381.42 on Friday. LPL Financial Holdings Inc. has a 52 week low of $187.19 and a 52 week high of $390.23. The company has a debt-to-equity ratio of 1.60, a quick ratio of 2.16 and a current ratio of 2.16. The stock has a market capitalization of $30.50 billion, a P/E ratio of 27.17, a PEG ratio of 0.94 and a beta of 0.65. The stock has a 50-day simple moving average of $324.63 and a 200 day simple moving average of $332.20.

LPL Financial (NASDAQ:LPLA) last posted its quarterly earnings results 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. LPL Financial had a return on equity of 49.41% and a net margin of 8.55%. The business had revenue of $3.67 billion during the quarter, compared to analysts’ expectations of $3.63 billion. During the same quarter last year, the company posted $3.83 earnings per share. LPL Financial’s quarterly revenue was up 4.5% on a year-over-year basis. Analysts expect that LPL Financial Holdings Inc. will post 19.35 earnings per share for the current year.

LPL Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Friday, May 30th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.31%. The ex-dividend date of this dividend is Friday, May 30th. LPL Financial’s payout ratio is currently 8.30%.

Analysts Set New Price Targets

LPLA has been the subject of a number of research reports. StockNews.com upgraded LPL Financial from a “sell” rating to a “hold” rating in a report on Tuesday. Morgan Stanley raised 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 raised their price objective on LPL Financial from $390.00 to $420.00 and gave the company a “buy” rating in a report on Friday, January 31st. JMP Securities raised their price objective on LPL Financial from $420.00 to $440.00 and gave the company a “market outperform” rating in a report on Friday, May 9th. Finally, Keefe, Bruyette & Woods raised their price objective on LPL Financial from $390.00 to $405.00 and gave the company an “outperform” rating in a report on Friday, January 31st. One analyst has rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $374.42.

Insider Buying and Selling

In related news, CFO Matthew J. Audette sold 4,588 shares of LPL Financial stock in a transaction dated Wednesday, February 26th. The stock was 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 approximately $5,954,837.66. This trade represents a 21.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 transaction, the director now owns 4,075 shares of the company’s stock, valued at $1,490,838.75. The trade was a 21.26% decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by corporate 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.