LPL Financial Holdings Inc. (NASDAQ:LPLA) Shares Sold by DGS Capital Management LLC

DGS Capital Management LLC cut its holdings in shares of LPL Financial Holdings Inc. (NASDAQ:LPLA) by 14.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,290 shares of the financial services provider’s stock after selling 218 shares during the quarter. DGS Capital Management LLC’s holdings in LPL Financial were worth $300,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Bridges Investment Management Inc. grew its position 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 valued at $276,000 after purchasing an additional 37 shares in the last quarter. Avior Wealth Management LLC boosted its stake in 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 worth $562,000 after buying an additional 42 shares during the period. MFA Wealth Advisors LLC increased its position in shares of LPL Financial by 3.9% during the third quarter. MFA Wealth Advisors LLC now owns 1,148 shares of the financial services provider’s stock valued at $267,000 after acquiring an additional 43 shares during the last quarter. Integrated Wealth Concepts LLC raised its stake in shares of LPL Financial by 1.1% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 4,107 shares of the financial services provider’s stock valued at $956,000 after acquiring an additional 44 shares during the period. Finally, Metis Global Partners LLC lifted its holdings in shares of LPL Financial by 5.1% in the 3rd quarter. Metis Global Partners LLC now owns 945 shares of the financial services provider’s stock worth $220,000 after acquiring an additional 46 shares during the last quarter. Institutional investors and hedge funds own 95.66% of the company’s stock.

LPL Financial Stock Performance

Shares of LPLA stock opened at $330.23 on Friday. LPL Financial Holdings Inc. has a 1 year low of $187.19 and a 1 year high of $334.38. 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 firm has a market cap of $24.73 billion, a price-to-earnings ratio of 24.83, a PEG ratio of 1.61 and a beta of 0.86. The stock’s 50-day moving average is $293.80 and its two-hundred day moving average is $258.97.

LPL Financial (NASDAQ:LPLA) last announced its earnings results on Wednesday, October 30th. The financial services provider reported $4.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.69 by $0.47. The business had revenue of $3.11 billion for the quarter, compared to analyst estimates of $3.04 billion. LPL Financial had a net margin of 8.73% and a return on equity of 49.47%. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period last year, the firm posted $3.74 earnings per share. Analysts predict that LPL Financial Holdings Inc. will post 16.1 earnings per share for the current year.

LPL Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Thursday, November 14th were issued a $0.30 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.36%. LPL Financial’s payout ratio is 9.02%.

Insider Transactions at LPL Financial

In other LPL Financial news, Director Aneri Jambusaria sold 305 shares of the stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $331.94, for a total transaction of $101,241.70. Following the completion of the sale, the director now directly owns 3,920 shares of the company’s stock, valued at approximately $1,301,204.80. This trade represents a 7.22 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.30% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on LPLA. Citigroup boosted their target price on LPL Financial from $285.00 to $310.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. UBS Group increased their target price on LPL Financial from $215.00 to $250.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 8th. Morgan Stanley lifted their target price on LPL Financial from $303.00 to $309.00 and gave the company an “overweight” rating in a report on Thursday, October 17th. Jefferies Financial Group reduced their price target on LPL Financial from $309.00 to $282.00 and set a “buy” rating on the stock in a research report on Friday, October 4th. Finally, Wells Fargo & Company boosted their price objective on LPL Financial from $310.00 to $390.00 and gave the stock an “overweight” rating in a research report on Thursday. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, LPL Financial currently has an average rating of “Moderate Buy” and an average price target of $305.17.

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.