Koshinski Asset Management Inc. Has $260,000 Holdings in LPL Financial Holdings Inc. $LPLA

Koshinski Asset Management Inc. lowered its position in shares of LPL Financial Holdings Inc. (NASDAQ:LPLA) by 14.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 694 shares of the financial services provider’s stock after selling 118 shares during the quarter. Koshinski Asset Management Inc.’s holdings in LPL Financial were worth $260,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. DAVENPORT & Co LLC raised its holdings in shares of LPL Financial by 8.9% during the first quarter. DAVENPORT & Co LLC now owns 1,918 shares of the financial services provider’s stock valued at $627,000 after acquiring an additional 156 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of LPL Financial by 8.8% during the first quarter. JPMorgan Chase & Co. now owns 1,304,780 shares of the financial services provider’s stock valued at $426,846,000 after acquiring an additional 105,665 shares during the period. Amalgamated Bank raised its holdings in shares of LPL Financial by 3.8% during the first quarter. Amalgamated Bank now owns 5,875 shares of the financial services provider’s stock valued at $1,922,000 after acquiring an additional 213 shares during the period. Nisa Investment Advisors LLC raised its holdings in shares of LPL Financial by 198.3% during the first quarter. Nisa Investment Advisors LLC now owns 6,497 shares of the financial services provider’s stock valued at $2,125,000 after acquiring an additional 4,319 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of LPL Financial by 7.5% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 15,910 shares of the financial services provider’s stock valued at $5,205,000 after acquiring an additional 1,114 shares during the period. Institutional investors and hedge funds own 95.66% of the company’s stock.

Wall Street Analyst Weigh In

LPLA has been the topic of a number of research analyst reports. Wells Fargo & Company boosted their price objective on shares of LPL Financial from $402.00 to $420.00 and gave the company an “overweight” rating in a research report on Friday, July 11th. Barclays lowered their price objective on shares of LPL Financial from $460.00 to $411.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 8th. JMP Securities boosted their price objective on shares of LPL Financial from $440.00 to $455.00 and gave the company a “market outperform” rating in a research report on Thursday, October 9th. BMO Capital Markets initiated coverage on shares of LPL Financial in a research report on Friday, October 3rd. They set an “outperform” rating and a $365.00 price objective on the stock. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of LPL Financial from $425.00 to $435.00 and gave the company an “outperform” rating in a research report on Monday, August 4th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $398.38.

Insider Buying and Selling at LPL Financial

In related news, Director Greg Gates sold 750 shares of the company’s stock in a transaction on Monday, October 6th. The shares were sold at an average price of $314.42, for a total transaction of $235,815.00. Following the completion of the transaction, the director directly owned 16,870 shares in the company, valued at $5,304,265.40. This represents a 4.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Aneri Jambusaria sold 80 shares of the company’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $361.25, for a total transaction of $28,900.00. Following the transaction, the director owned 5,582 shares of the company’s stock, valued at approximately $2,016,497.50. The trade was a 1.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,830 shares of company stock valued at $1,333,105. 0.70% of the stock is owned by insiders.

LPL Financial Price Performance

NASDAQ LPLA opened at $338.18 on Wednesday. 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 fifty day simple moving average of $341.46 and a 200 day simple moving average of $353.61. The company has a market cap of $27.05 billion, a P/E ratio of 23.13, a P/E/G ratio of 0.79 and a beta of 0.61. LPL Financial Holdings Inc. has a 1 year low of $252.55 and a 1 year high of $403.58.

LPL Financial (NASDAQ:LPLA) last posted its quarterly earnings data on Thursday, July 31st. The financial services provider reported $4.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.21 by $0.30. The business had revenue of $3.84 billion during the quarter, compared to the consensus estimate of $3.77 billion. LPL Financial had a net margin of 7.91% and a return on equity of 39.80%. LPL Financial’s quarterly revenue was up 30.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.88 EPS. On average, sell-side analysts predict that LPL Financial Holdings Inc. will post 19.35 EPS for the current year.

LPL Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Friday, August 15th. LPL Financial’s dividend payout ratio is currently 8.21%.

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.