Tyler Stone Wealth Management Purchases 38 Shares of LPL Financial Holdings Inc. (NASDAQ:LPLA)

Tyler Stone Wealth Management increased its position in shares of LPL Financial Holdings Inc. (NASDAQ:LPLA) by 3.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,076 shares of the financial services provider’s stock after acquiring an additional 38 shares during the quarter. Tyler Stone Wealth Management’s holdings in LPL Financial were worth $351,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Daiwa Securities Group Inc. grew its holdings in LPL Financial by 50.6% in the third quarter. Daiwa Securities Group Inc. now owns 15,841 shares of the financial services provider’s stock worth $3,685,000 after purchasing an additional 5,320 shares during the last quarter. Rockefeller Capital Management L.P. acquired a new stake in shares of LPL Financial in the 3rd quarter worth $2,633,000. Truist Financial Corp grew its stake in LPL Financial by 7.9% during the 4th quarter. Truist Financial Corp now owns 192,153 shares of the financial services provider’s stock worth $62,740,000 after buying an additional 14,106 shares during the last quarter. Principal Financial Group Inc. increased its position in LPL Financial by 15.7% during the 3rd quarter. Principal Financial Group Inc. now owns 25,418 shares of the financial services provider’s stock valued at $5,913,000 after buying an additional 3,444 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in LPL Financial by 4.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 31,209 shares of the financial services provider’s stock valued at $10,190,000 after buying an additional 1,383 shares during the last quarter. Hedge funds and other institutional investors own 95.66% of the company’s stock.

Insider Buying and Selling

In other news, Director Marc Eliot Cohen sold 1,100 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $365.85, for a total value of $402,435.00. Following the completion of the sale, the director now directly owns 4,075 shares in the company, valued at $1,490,838.75. This represents a 21.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Matthew J. Audette sold 28,777 shares of the firm’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $365.14, for a total value 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 $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. Over the last ninety days, insiders sold 34,465 shares of company stock worth $12,562,070. 1.30% of the stock is owned by corporate insiders.

LPL Financial Stock Down 1.0 %

Shares of LPLA opened at $339.15 on Thursday. The stock’s 50-day moving average price is $352.42 and its 200-day moving average price is $310.06. The company has a quick ratio of 2.16, a current ratio of 2.16 and a debt-to-equity ratio of 1.60. The company has a market capitalization of $25.33 billion, a price-to-earnings ratio of 24.16, a PEG ratio of 0.94 and a beta of 0.82. LPL Financial Holdings Inc. has a 52 week low of $187.19 and a 52 week high of $384.04.

LPL Financial (NASDAQ:LPLA) last posted its earnings results on Thursday, January 30th. The financial services provider reported $4.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.01 by $0.24. LPL Financial had a net margin of 8.55% and a return on equity of 49.41%. 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 Tuesday, March 25th. Investors of record on Tuesday, March 11th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.35%. The ex-dividend date of this dividend was Tuesday, March 11th. LPL Financial’s payout ratio is 8.55%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on LPLA. Keefe, Bruyette & Woods boosted their price target on LPL Financial from $390.00 to $405.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. UBS Group upped their price target on shares of LPL Financial from $390.00 to $420.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Barclays lifted their price objective on shares of LPL Financial from $389.00 to $414.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. StockNews.com lowered shares of LPL Financial from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, Morgan Stanley raised their target price on LPL Financial from $379.00 to $413.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Two analysts have rated the stock with a sell rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, LPL Financial currently has an average rating of “Moderate Buy” and an average target price of $379.17.

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.