Gilbert & Cook Inc. Purchases 303 Shares of LPL Financial Holdings Inc. $LPLA

Gilbert & Cook Inc. increased its holdings in shares of LPL Financial Holdings Inc. (NASDAQ:LPLA) by 38.3% in the second quarter, HoldingsChannel reports. The firm owned 1,094 shares of the financial services provider’s stock after buying an additional 303 shares during the period. Gilbert & Cook Inc.’s holdings in LPL Financial were worth $410,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Summit Securities Group LLC bought a new position in shares of LPL Financial during the 1st quarter worth approximately $26,000. Millstone Evans Group LLC boosted its position in LPL Financial by 123.1% during the first quarter. Millstone Evans Group LLC now owns 87 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 48 shares during the period. Private Trust Co. NA boosted its position in LPL Financial by 234.5% during the first quarter. Private Trust Co. NA now owns 97 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 68 shares during the period. TCTC Holdings LLC increased its holdings in shares of LPL Financial by 116.7% in the first quarter. TCTC Holdings LLC now owns 104 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 56 shares during the last quarter. Finally, Maseco LLP bought a new position in shares of LPL Financial in the second quarter valued at about $34,000. Institutional investors own 95.66% of the company’s stock.

Insider Transactions at LPL Financial

In other news, Director Aneri Jambusaria sold 80 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $361.25, for a total value of $28,900.00. Following the completion of the transaction, the director directly owned 5,582 shares in the company, valued at approximately $2,016,497.50. The trade was a 1.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Greg Gates sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $338.21, for a total transaction of $507,315.00. Following the sale, the director directly owned 17,620 shares of the company’s stock, valued at approximately $5,959,260.20. This trade represents a 7.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 3,830 shares of company stock valued at $1,333,105. 0.70% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts recently commented on the stock. BMO Capital Markets started coverage on shares of LPL Financial in a report on Friday, October 3rd. They set an “outperform” rating and a $365.00 target price for the company. Barclays boosted their price objective on LPL Financial from $411.00 to $420.00 and gave the stock an “overweight” rating in a report on Friday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of LPL Financial in a research report on Friday. Rothschild & Co Redburn cut LPL Financial from a “buy” rating to a “neutral” rating and set a $390.00 price target for the company. in a report on Friday, September 19th. Finally, Keefe, Bruyette & Woods boosted their price target on LPL Financial from $425.00 to $435.00 and gave the company an “outperform” rating in a research note on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $428.50.

LPL Financial Stock Up 11.5%

NASDAQ LPLA opened at $377.31 on Monday. The company has a current ratio of 3.22, a quick ratio of 3.22 and a debt-to-equity ratio of 1.41. The company has a market cap of $30.18 billion, a price-to-earnings ratio of 34.74, a PEG ratio of 0.88 and a beta of 0.63. The company has a 50 day moving average of $339.77 and a 200-day moving average of $356.63. LPL Financial Holdings Inc. has a 1-year low of $262.83 and a 1-year high of $403.58.

LPL Financial (NASDAQ:LPLA) last posted its quarterly earnings data on Thursday, October 30th. The financial services provider reported $5.20 EPS for the quarter, topping analysts’ consensus estimates of $4.49 by $0.71. The firm had revenue of $4.55 billion for the quarter, compared to analyst estimates of $4.08 billion. LPL Financial had a return on equity of 40.11% and a net margin of 5.35%.The company’s revenue was up 46.4% on a year-over-year basis. During the same quarter last year, the company earned $4.16 EPS. On average, equities research analysts expect that LPL Financial Holdings Inc. will post 19.35 earnings per share for the current fiscal year.

LPL Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Thursday, November 13th will be given a $0.30 dividend. The ex-dividend date is Thursday, November 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.3%. LPL Financial’s dividend payout ratio (DPR) is presently 11.05%.

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.