LPL Financial Holdings Inc (LPLA) Insider Sells $254,139.15 in Stock

LPL Financial Holdings Inc (NASDAQ:LPLA) insider Tracy Calder sold 6,465 shares of the firm’s stock in a transaction dated Monday, March 13th. The shares were sold at an average price of $39.31, for a total value of $254,139.15. Following the transaction, the insider now owns 34,165 shares of the company’s stock, valued at $1,343,026.15. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Tracy Calder also recently made the following trade(s):

  • On Monday, February 27th, Tracy Calder sold 10,747 shares of LPL Financial Holdings stock. The shares were sold at an average price of $39.05, for a total value of $419,670.35.

Shares of LPL Financial Holdings Inc (NASDAQ:LPLA) opened at 41.03 on Tuesday. The firm has a market cap of $3.66 billion, a price-to-earnings ratio of 19.26 and a beta of 1.85. LPL Financial Holdings Inc has a 12 month low of $20.51 and a 12 month high of $42.86. The stock’s 50 day moving average price is $39.81 and its 200 day moving average price is $35.68.

LPL Financial Holdings (NASDAQ:LPLA) last announced its quarterly earnings data on Thursday, February 9th. The company reported $0.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.10. LPL Financial Holdings had a return on equity of 25.39% and a net margin of 4.74%. The business earned $1.01 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same period last year, the company earned $0.28 earnings per share. LPL Financial Holdings’s quarterly revenue was down 1.3% compared to the same quarter last year. Equities research analysts predict that LPL Financial Holdings Inc will post $2.25 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for LPL Financial Holdings (NASDAQ:LPLA)

The business also recently announced a quarterly dividend, which will be paid on Friday, March 24th. Shareholders of record on Friday, March 10th will be issued a dividend of $0.25 per share. The ex-dividend date is Wednesday, March 8th. This represents a $1.00 annualized dividend and a yield of 2.44%. LPL Financial Holdings’s dividend payout ratio (DPR) is currently 46.95%.

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A number of equities analysts recently commented on the company. Goldman Sachs Group Inc upgraded LPL Financial Holdings from a “sell” rating to a “neutral” rating and raised their target price for the company from $34.00 to $40.00 in a report on Tuesday, January 10th. Zacks Investment Research cut LPL Financial Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, November 30th. Finally, SunTrust Banks, Inc. reiterated a “hold” rating and issued a $42.00 price objective on shares of LPL Financial Holdings in a research note on Friday. One analyst has rated the stock with a sell rating, six have assigned a hold rating, two have given a buy rating and two have given a strong buy rating to the stock. LPL Financial Holdings currently has an average rating of “Hold” and an average target price of $33.66.

Several institutional investors have recently bought and sold shares of LPLA. JPMorgan Chase & Co. increased its stake in shares of LPL Financial Holdings by 4.8% in the third quarter. JPMorgan Chase & Co. now owns 315,780 shares of the company’s stock worth $9,445,000 after buying an additional 14,499 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of LPL Financial Holdings by 23.9% in the third quarter. Wells Fargo & Company MN now owns 270,109 shares of the company’s stock worth $8,078,000 after buying an additional 52,077 shares during the last quarter. Barings LLC increased its stake in shares of LPL Financial Holdings by 124.7% in the fourth quarter. Barings LLC now owns 34,600 shares of the company’s stock worth $1,218,000 after buying an additional 19,200 shares during the last quarter. Clarkston Capital Partners LLC increased its stake in shares of LPL Financial Holdings by 3.7% in the third quarter. Clarkston Capital Partners LLC now owns 3,434,585 shares of the company’s stock worth $102,728,000 after buying an additional 122,650 shares during the last quarter. Finally, Partners Capital Investment Group Holdings LLC increased its stake in shares of LPL Financial Holdings by 1.9% in the third quarter. Partners Capital Investment Group Holdings LLC now owns 357,951 shares of the company’s stock worth $10,706,000 after buying an additional 6,582 shares during the last quarter.

About LPL Financial Holdings

LPL Financial Holdings Inc is a broker-dealer, a custodian for registered investment advisors (RIAs) and an independent consultant to retirement plans. The Company provides a platform of brokerage and investment advisory services to independent financial advisors (its advisors), including financial advisors at approximately 700 financial institutions across the country.

5 Day Chart for NASDAQ:LPLA

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