LPL Financial Holdings Inc. (NASDAQ:LPLA) Shares Purchased by Mather Group LLC.

Mather Group LLC. increased its holdings in shares of LPL Financial Holdings Inc. (NASDAQ:LPLA) by 4.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 916 shares of the financial services provider’s stock after buying an additional 36 shares during the quarter. Mather Group LLC.’s holdings in LPL Financial were worth $299,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC acquired a new position in shares of LPL Financial during the third quarter valued at about $31,000. Paladin Wealth LLC acquired a new stake in LPL Financial in the 3rd quarter worth approximately $34,000. Brooklyn Investment Group purchased a new stake in LPL Financial during the 3rd quarter worth approximately $43,000. R Squared Ltd acquired a new position in LPL Financial during the 4th quarter valued at approximately $78,000. Finally, First Horizon Advisors Inc. raised its holdings in shares of LPL Financial by 32.3% in the third quarter. First Horizon Advisors Inc. now owns 385 shares of the financial services provider’s stock worth $90,000 after buying an additional 94 shares during the last quarter. 95.66% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at LPL Financial

In related 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 value of $101,241.70. Following the completion of the sale, the director now owns 3,920 shares of the company’s stock, valued at approximately $1,301,204.80. The trade was a 7.22 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. The Goldman Sachs Group boosted their price objective on shares of LPL Financial from $271.00 to $305.00 and gave the company a “buy” rating in a report on Friday, November 1st. Wells Fargo & Company boosted their price target on LPL Financial from $390.00 to $405.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. JPMorgan Chase & Co. increased their price objective on LPL Financial from $397.00 to $405.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Keefe, Bruyette & Woods lifted their target price on LPL Financial from $390.00 to $405.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Finally, StockNews.com upgraded shares of LPL Financial from a “sell” rating to a “hold” rating in a report on Saturday, November 9th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $379.17.

LPL Financial Stock Performance

Shares of NASDAQ LPLA opened at $371.05 on Friday. The company has a market capitalization of $27.78 billion, a PE ratio of 26.43, a price-to-earnings-growth ratio of 1.13 and a beta of 0.87. The company has a debt-to-equity ratio of 1.60, a quick ratio of 2.16 and a current ratio of 2.16. The company’s fifty day moving average price is $338.85 and its 200 day moving average price is $277.76. LPL Financial Holdings Inc. has a 1 year low of $187.19 and a 1 year high of $375.74.

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, research analysts predict that LPL Financial Holdings Inc. will post 19.4 earnings per share for the current year.

LPL Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.32%. The ex-dividend date of this dividend is Tuesday, March 11th. LPL Financial’s dividend payout ratio (DPR) is presently 8.55%.

LPL Financial Company 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.