Integrated Investment Consultants LLC Buys 262 Shares of LPL Financial Holdings Inc. (NASDAQ:LPLA)

Integrated Investment Consultants LLC raised its position in shares of LPL Financial Holdings Inc. (NASDAQ:LPLA) by 3.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 7,465 shares of the financial services provider’s stock after acquiring an additional 262 shares during the period. Integrated Investment Consultants LLC’s holdings in LPL Financial were worth $2,437,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Daiwa Securities Group Inc. raised 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 in the last quarter. Rockefeller Capital Management L.P. bought a new position in shares of LPL Financial in the 3rd quarter worth about $2,633,000. Principal Financial Group Inc. lifted 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 acquiring an additional 3,444 shares during the period. JPMorgan Chase & Co. boosted its stake in LPL Financial by 27.6% during the third quarter. JPMorgan Chase & Co. now owns 1,275,136 shares of the financial services provider’s stock worth $296,635,000 after acquiring an additional 276,166 shares in the last quarter. Finally, Tidal Investments LLC grew its holdings in LPL Financial by 98.9% in the third quarter. Tidal Investments LLC now owns 7,662 shares of the financial services provider’s stock worth $1,782,000 after purchasing an additional 3,809 shares during the period. Institutional investors own 95.66% of the company’s stock.

LPL Financial Trading Up 0.8 %

NASDAQ:LPLA opened at $348.93 on Friday. The company has a 50 day simple moving average of $327.62 and a two-hundred day simple moving average of $267.93. The company has a market cap of $26.13 billion, a PE ratio of 26.24, a price-to-earnings-growth ratio of 1.03 and a beta of 0.87. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 1.60. LPL Financial Holdings Inc. has a 12 month low of $187.19 and a 12 month high of $350.38.

LPL Financial (NASDAQ:LPLA) last issued its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $4.16 EPS for the quarter, topping the consensus estimate of $3.69 by $0.47. The company had revenue of $3.11 billion during the quarter, compared to analyst estimates of $3.04 billion. LPL Financial had a return on equity of 49.47% and a net margin of 8.73%. LPL Financial’s revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.74 earnings per share. Research analysts forecast that LPL Financial Holdings Inc. will post 16.07 earnings per share for the current year.

LPL Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Thursday, November 14th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.34%. The ex-dividend date was Thursday, November 14th. LPL Financial’s dividend payout ratio (DPR) is presently 9.02%.

Insider Buying and Selling

In other LPL Financial news, Director Aneri Jambusaria sold 305 shares of LPL Financial stock in a transaction that occurred 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 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on LPLA shares. Keefe, Bruyette & Woods lifted their target price on shares of LPL Financial from $325.00 to $390.00 and gave the company an “outperform” rating in a report on Friday, December 20th. The Goldman Sachs Group lifted their price objective on LPL Financial from $271.00 to $305.00 and gave the company a “buy” rating in a research note on Friday, November 1st. StockNews.com raised LPL Financial from a “sell” rating to a “hold” rating in a research note on Saturday, November 9th. Jefferies Financial Group lowered their price target on LPL Financial from $309.00 to $282.00 and set a “buy” rating for the company in a research report on Friday, October 4th. Finally, UBS Group raised shares of LPL Financial from a “neutral” rating to a “buy” rating and set a $390.00 price objective on the stock in a research report on Monday, January 6th. One analyst has rated the stock with a sell rating, one has given a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, LPL Financial currently has a consensus rating of “Moderate Buy” and an average target price of $351.50.

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.