Dynasty Wealth Management LLC Makes New Investment in LPL Financial Holdings Inc. (NASDAQ:LPLA)

Dynasty Wealth Management LLC purchased a new position in LPL Financial Holdings Inc. (NASDAQ:LPLA) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 822 shares of the financial services provider’s stock, valued at approximately $217,000.

A number of other institutional investors have also bought and sold shares of LPLA. EdgeRock Capital LLC purchased a new stake in LPL Financial in the 4th quarter worth $25,000. GAMMA Investing LLC purchased a new stake in LPL Financial in the 4th quarter worth $30,000. Gladius Capital Management LP purchased a new stake in LPL Financial in the 4th quarter worth $30,000. Riverview Trust Co purchased a new position in shares of LPL Financial during the first quarter valued at about $30,000. Finally, American National Bank purchased a new position in shares of LPL Financial during the fourth quarter valued at about $32,000. Hedge funds and other institutional investors own 95.66% of the company’s stock.

LPL Financial Stock Down 0.0 %

Shares of NASDAQ LPLA opened at $221.52 on Thursday. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.84 and a quick ratio of 1.84. The company has a market cap of $16.55 billion, a P/E ratio of 16.73, a PEG ratio of 1.27 and a beta of 0.90. LPL Financial Holdings Inc. has a 1 year low of $200.18 and a 1 year high of $289.88. The firm has a 50-day simple moving average of $266.38 and a two-hundred day simple moving average of $261.86.

LPL Financial (NASDAQ:LPLA) last announced its quarterly earnings data on Thursday, July 25th. The financial services provider reported $3.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.66 by $0.22. The business had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.89 billion. LPL Financial had a net margin of 8.91% and a return on equity of 54.38%. The firm’s quarterly revenue was up 18.8% compared to the same quarter last year. During the same quarter last year, the firm earned $3.94 earnings per share. Research analysts anticipate that LPL Financial Holdings Inc. will post 15.9 earnings per share for the current year.

LPL Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Shareholders of record on Friday, August 9th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend is Friday, August 9th. LPL Financial’s payout ratio is currently 9.06%.

Insiders Place Their Bets

In other news, CEO Dan H. Arnold sold 5,677 shares of LPL Financial stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $277.31, for a total transaction of $1,574,288.87. Following the completion of the sale, the chief executive officer now owns 142,608 shares of the company’s stock, valued at $39,546,624.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.30% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Raymond James assumed coverage on LPL Financial in a research report on Thursday, April 4th. They set an “underperform” rating for the company. TD Cowen raised their price objective on LPL Financial from $243.00 to $255.00 and gave the company a “hold” rating in a research report on Friday, July 26th. UBS Group raised their price objective on LPL Financial from $285.00 to $290.00 and gave the company a “neutral” rating in a research report on Tuesday, July 9th. Barclays cut their price objective on LPL Financial from $313.00 to $273.00 and set an “overweight” rating for the company in a research report on Friday, July 26th. Finally, JMP Securities lifted their price target on LPL Financial from $305.00 to $310.00 and gave the stock a “market outperform” rating in a research report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, LPL Financial presently has a consensus rating of “Hold” and an average target price of $286.80.

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.