LRT Capital Management LLC purchased a new position in LPL Financial Holdings Inc. (NASDAQ:LPLA – Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,940 shares of the financial services provider’s stock, valued at approximately $2,122,000. LPL Financial makes up 1.8% of LRT Capital Management LLC’s investment portfolio, making the stock its 20th biggest holding.
Other institutional investors and hedge funds also recently modified their holdings of the company. Osterweis Capital Management Inc. bought a new position in LPL Financial during the second quarter valued at about $26,000. Clearstead Advisors LLC boosted its stake in LPL Financial by 3,650.0% during the fourth quarter. Clearstead Advisors LLC now owns 75 shares of the financial services provider’s stock valued at $27,000 after buying an additional 73 shares in the last quarter. Steigerwald Gordon & Koch Inc. boosted its stake in LPL Financial by 550.0% during the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 78 shares of the financial services provider’s stock valued at $28,000 after buying an additional 66 shares in the last quarter. Core Wealth Advisors LLC bought a new position in LPL Financial during the fourth quarter valued at about $36,000. Finally, Pinpoint Asset Management Singapore Pte. Ltd. bought a new position in LPL Financial during the fourth quarter valued at about $50,000. Institutional investors own 95.66% of the company’s stock.
Insider Buying and Selling
In other LPL Financial news, CFO Matthew J. Audette sold 1,110 shares of LPL Financial stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $330.01, for a total value of $366,311.10. Following the transaction, the chief financial officer directly owned 19,803 shares of the company’s stock, valued at $6,535,188.03. The trade was a 5.31% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.60% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
Get Our Latest Stock Report on LPL Financial
LPL Financial Stock Performance
Shares of NASDAQ LPLA opened at $295.66 on Friday. The company has a quick ratio of 2.56, a current ratio of 2.56 and a debt-to-equity ratio of 1.26. The business’s 50 day moving average is $301.82 and its two-hundred day moving average is $329.73. The company has a market cap of $23.65 billion, a P/E ratio of 26.40, a P/E/G ratio of 0.61 and a beta of 0.50. LPL Financial Holdings Inc. has a 12 month low of $260.15 and a 12 month high of $403.58.
LPL Financial (NASDAQ:LPLA – Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The financial services provider reported $5.60 EPS for the quarter, topping the consensus estimate of $5.49 by $0.11. The company had revenue of $4.94 billion for the quarter, compared to the consensus estimate of $4.98 billion. LPL Financial had a return on equity of 31.26% and a net margin of 4.93%.The company’s revenue for the quarter was up 34.6% on a year-over-year basis. During the same period in the previous year, the business posted $5.15 EPS. On average, equities analysts expect that LPL Financial Holdings Inc. will post 22.98 EPS for the current year.
LPL Financial Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 21st were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Thursday, May 21st. LPL Financial’s payout ratio is currently 10.71%.
LPL Financial Company Profile
LPL Financial (NASDAQ: LPLA) is a U.S.-focused financial services firm that provides brokerage, custodial and advisory platforms to independent financial advisors, registered investment advisers and institutions. Operating primarily as an independent broker-dealer and custodian, the company supports a network of advisors with the operational, compliance and clearing infrastructure needed to manage client accounts and deliver investment advice outside of traditional wirehouse models.
The firm’s product and service offerings include trade execution and clearing, custody services, retirement plan services, model portfolio and advisory platforms, wealth management technology, investment research and product access across equities, fixed income, mutual funds, exchange-traded funds and insurance and annuity solutions.
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