Impact Investors Inc Purchases New Position in LPL Financial Holdings Inc. (NASDAQ:LPLA)

Impact Investors Inc acquired a new stake in shares of LPL Financial Holdings Inc. (NASDAQ:LPLA) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,205 shares of the financial services provider’s stock, valued at approximately $393,000.

Several other large investors also recently modified their holdings of the company. Wealth Alliance lifted its stake in shares of LPL Financial by 2.1% during the 4th quarter. Wealth Alliance now owns 1,483 shares of the financial services provider’s stock valued at $484,000 after buying an additional 30 shares in the last quarter. Sanchez Wealth Management Group lifted its holdings in shares of LPL Financial by 2.1% in the 4th quarter. Sanchez Wealth Management Group now owns 1,686 shares of the financial services provider’s stock worth $551,000 after acquiring an additional 35 shares during the last quarter. Mather Group LLC. boosted its holdings in LPL Financial by 4.1% during the 4th quarter. Mather Group LLC. now owns 916 shares of the financial services provider’s stock valued at $299,000 after acquiring an additional 36 shares during the period. Bridges Investment Management Inc. grew its holdings in shares of LPL Financial by 3.2% in the third quarter. Bridges Investment Management Inc. now owns 1,185 shares of the financial services provider’s stock worth $276,000 after purchasing an additional 37 shares during the last quarter. Finally, Avior Wealth Management LLC raised its stake in shares of LPL Financial by 1.8% during the third quarter. Avior Wealth Management LLC now owns 2,416 shares of the financial services provider’s stock valued at $562,000 after acquiring an additional 42 shares in the last quarter. Institutional investors own 95.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on LPLA. The Goldman Sachs Group raised their price objective on LPL Financial from $271.00 to $305.00 and gave the company a “buy” rating in a research report on Friday, November 1st. UBS Group boosted their target price on shares of LPL Financial from $390.00 to $420.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Keefe, Bruyette & Woods upped their price objective on shares of LPL Financial from $390.00 to $405.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. JPMorgan Chase & Co. lifted their price target on shares of LPL Financial from $397.00 to $405.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Finally, Morgan Stanley raised their target price on LPL Financial from $379.00 to $413.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $379.17.

Insiders Place Their Bets

In other LPL Financial news, Director Aneri Jambusaria sold 305 shares of the business’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $331.94, for a total transaction of $101,241.70. Following the completion of the transaction, the director now owns 3,920 shares of the company’s stock, valued at $1,301,204.80. The trade was a 7.22 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Matthew J. Audette sold 28,777 shares of the stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $365.14, for a total transaction of $10,507,633.78. Following the completion of the sale, the chief financial officer now directly owns 13,663 shares of the company’s stock, valued at approximately $4,988,907.82. This trade represents a 67.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

LPL Financial Stock Performance

Shares of LPLA stock opened at $357.36 on Wednesday. The firm has a market capitalization of $26.76 billion, a P/E ratio of 25.45, a P/E/G ratio of 0.94 and a beta of 0.87. The company’s fifty day moving average price is $350.44 and its two-hundred day moving average price is $293.38. The company has a debt-to-equity ratio of 1.60, a current ratio of 2.16 and a quick ratio of 2.16. LPL Financial Holdings Inc. has a 12 month low of $187.19 and a 12 month high of $384.04.

LPL Financial (NASDAQ:LPLA) last issued its quarterly earnings results on Thursday, January 30th. The financial services provider reported $4.25 EPS for the quarter, beating analysts’ consensus estimates of $4.01 by $0.24. LPL Financial had a return on equity of 49.41% and a net margin of 8.55%. On average, research analysts anticipate 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 Tuesday, March 25th. Stockholders of record on Tuesday, March 11th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.34%. The ex-dividend date is Tuesday, March 11th. LPL Financial’s dividend payout ratio is currently 8.55%.

About LPL Financial

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.