Peak Financial Advisors LLC Makes New Investment in LPL Financial Holdings Inc. $LPLA

Peak Financial Advisors LLC bought a new position in LPL Financial Holdings Inc. (NASDAQ:LPLA) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor bought 6,501 shares of the financial services provider’s stock, valued at approximately $1,988,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LPLA. International Assets Investment Management LLC boosted its stake in LPL Financial by 1,217.1% during the third quarter. International Assets Investment Management LLC now owns 13,000 shares of the financial services provider’s stock worth $3,975,000 after acquiring an additional 12,013 shares in the last quarter. United Asset Strategies Inc. grew its holdings in LPL Financial by 3.7% in the third quarter. United Asset Strategies Inc. now owns 14,943 shares of the financial services provider’s stock worth $4,570,000 after purchasing an additional 534 shares during the period. Choreo LLC increased its stake in shares of LPL Financial by 2.9% during the third quarter. Choreo LLC now owns 3,735 shares of the financial services provider’s stock valued at $1,142,000 after purchasing an additional 104 shares in the last quarter. North Dakota State Investment Board increased its stake in shares of LPL Financial by 3.5% during the third quarter. North Dakota State Investment Board now owns 2,452 shares of the financial services provider’s stock valued at $750,000 after purchasing an additional 83 shares in the last quarter. Finally, Asset Management One Co. Ltd. lifted its holdings in shares of LPL Financial by 1.1% during the third quarter. Asset Management One Co. Ltd. now owns 30,498 shares of the financial services provider’s stock valued at $9,326,000 after purchasing an additional 319 shares during the last quarter. 95.66% of the stock is owned by hedge funds and other institutional investors.

LPL Financial Stock Up 1.5%

NASDAQ:LPLA opened at $283.74 on Friday. The firm has a market cap of $22.34 billion, a P/E ratio of 16.28, a P/E/G ratio of 0.53 and a beta of 0.53. The company has a debt-to-equity ratio of 1.30, a quick ratio of 2.39 and a current ratio of 2.39. LPL Financial Holdings Inc. has a fifty-two week low of $260.15 and a fifty-two week high of $400.16. The firm has a 50-day simple moving average of $330.25 and a two-hundred day simple moving average of $323.02.

LPL Financial (NASDAQ:LPLA) last issued its earnings results on Tuesday, October 27th. The financial services provider reported $5.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.69 by $0.28. The business had revenue of $5.34 billion during the quarter, compared to analysts’ expectations of $5.35 billion. LPL Financial had a net margin of 6.83% and a return on equity of 32.36%. The business’s revenue for the quarter was up 17.4% compared to the same quarter last year. During the same period in the previous year, the company earned $5.20 earnings per share. Analysts predict that LPL Financial Holdings Inc. will post 23.50 earnings per share for the current fiscal year.

LPL Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 30th. Shareholders of record on Thursday, November 12th will be paid a dividend of $0.30 per share. The ex-dividend date is Thursday, November 12th. This represents a $1.20 annualized dividend and a yield of 0.4%. LPL Financial’s dividend payout ratio is currently 6.88%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on LPLA shares. Keefe, Bruyette & Woods boosted their price target on LPL Financial from $365.00 to $390.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. TD Cowen reduced their price objective on LPL Financial from $380.00 to $356.00 and set a “hold” rating for the company in a research report on Wednesday. Bank of America lowered their price objective on LPL Financial from $557.00 to $554.00 and set a “buy” rating for the company in a research note on Monday, October 5th. The Goldman Sachs Group reissued a “buy” rating and issued a $400.00 target price on shares of LPL Financial in a report on Wednesday. Finally, JPMorgan Chase & Co. cut their target price on LPL Financial from $445.00 to $413.00 and set an “overweight” rating on the stock in a research note on Wednesday. Fourteen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $400.60.

Insider Buying and Selling

In other LPL Financial news, Director Aneri Jambusaria sold 308 shares of the firm’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $357.36, for a total value of $110,066.88. Following the transaction, the director directly owned 6,107 shares of the company’s stock, valued at approximately $2,182,397.52. This trade represents a 4.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Katharine Reeping sold 440 shares of the firm’s stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $347.88, for a total transaction of $153,067.20. Following the completion of the transaction, the insider directly owned 1,774 shares in the company, valued at approximately $617,139.12. The trade was a 19.87% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 4,867 shares of company stock worth $1,726,944. 0.60% of the stock is owned by insiders.

Key Stories Impacting LPL Financial

Here are the key news stories impacting LPL Financial this week:

• Positive Sentiment: LPL added Anchor Financial Partners to its broker-dealer and RIA platforms. The team reportedly serves approximately $525 million in advisory, brokerage and retirement-plan assets, adding to LPL’s advisor network and asset base. LPL Financial Welcomes Anchor Financial Partners
• Positive Sentiment: A Bell Global Equities Fund investor letter pushed back against concerns that artificial intelligence could disrupt LPL’s advisor-driven business model, supporting the long-term value of its independent wealth-management platform. Bell Global Equities Fund on AI Disruption Concerns
• Neutral Sentiment: UBS lowered its target from $390 to $369 but maintained a Buy rating, implying substantial upside based on the referenced share price. This indicates analysts remain divided rather than uniformly bearish. UBS LPL Financial Ratings
• Negative Sentiment: TD Cowen, Barclays, Wells Fargo, Truist Financial and JPMorgan Chase all issued lower expectations or price targets for LPLA. TD Cowen’s revised target was reported at $356, while the cluster of reductions weakened investor sentiment and contributed to the stock’s decline. TD Cowen Cuts LPL Financial Target
• Negative Sentiment: Recent reported insider activity showed four open-market sales and no purchases over six months, adding a modest additional cautionary signal.

LPL Financial Company Profile

LPL Financial Holdings Inc is a financial services company that supports independent financial advisors and institutions across the United States. Through its primary subsidiary, LPL Financial LLC, the company provides brokerage, investment advisory, and custodial services, enabling advisors to serve individual investors, families, retirement plans, and other clients.

LPL’s platform includes access to brokerage and advisory products, securities clearing and custody, trading and operations support, technology, compliance services, investment research, and practice-management resources.