Mount Yale Investment Advisors LLC Has $1.21 Million Stock Holdings in LPL Financial Holdings Inc. (NASDAQ:LPLA)

Mount Yale Investment Advisors LLC boosted its holdings in shares of LPL Financial Holdings Inc. (NASDAQ:LPLA) by 35.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,693 shares of the financial services provider’s stock after buying an additional 972 shares during the period. Mount Yale Investment Advisors LLC’s holdings in LPL Financial were worth $1,206,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. FMR LLC increased its holdings in shares of LPL Financial by 24.4% in the 3rd quarter. FMR LLC now owns 3,322,571 shares of the financial services provider’s stock valued at $772,930,000 after purchasing an additional 650,675 shares during the period. Geode Capital Management LLC increased its stake in LPL Financial by 2.6% in the 3rd quarter. Geode Capital Management LLC now owns 1,436,831 shares of the financial services provider’s stock valued at $333,581,000 after buying an additional 36,474 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of LPL Financial by 27.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,275,136 shares of the financial services provider’s stock valued at $296,635,000 after buying an additional 276,166 shares during the period. Southpoint Capital Advisors LP grew its holdings in shares of LPL Financial by 50.0% during the 3rd quarter. Southpoint Capital Advisors LP now owns 750,000 shares of the financial services provider’s stock valued at $174,472,000 after acquiring an additional 250,000 shares in the last quarter. Finally, Westfield Capital Management Co. LP increased its stake in shares of LPL Financial by 21.6% in the third quarter. Westfield Capital Management Co. LP now owns 710,867 shares of the financial services provider’s stock worth $165,369,000 after acquiring an additional 126,266 shares during the last quarter. 95.66% of the stock is owned by hedge funds and other institutional investors.

LPL Financial Stock Performance

Shares of NASDAQ LPLA opened at $352.75 on Tuesday. The business’s 50 day moving average is $332.31 and its two-hundred day moving average is $271.19. The company has a market cap of $26.41 billion, a P/E ratio of 26.52, a P/E/G ratio of 1.09 and a beta of 0.87. The company has a quick ratio of 2.16, a current 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 $361.63.

LPL Financial (NASDAQ:LPLA) last issued its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $4.16 earnings per share for the quarter, beating analysts’ consensus estimates of $3.69 by $0.47. LPL Financial had a net margin of 8.73% and a return on equity of 49.47%. The firm had revenue of $3.11 billion during the quarter, compared to the consensus estimate of $3.04 billion. During the same period in the prior year, the firm earned $3.74 EPS. The business’s revenue was up 6.0% on a year-over-year basis. On average, equities analysts expect that LPL Financial Holdings Inc. will post 16.17 EPS for the current year.

Insider Activity at LPL Financial

In other LPL Financial news, Director Aneri Jambusaria sold 305 shares of LPL Financial stock in a transaction 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 sale, the director now owns 3,920 shares in the company, valued at $1,301,204.80. The trade was a 7.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.30% of the company’s stock.

Analyst Upgrades and Downgrades

LPLA has been the subject of a number of research reports. Morgan Stanley lifted their price objective on LPL Financial from $303.00 to $309.00 and gave the company an “overweight” rating in a research report on Thursday, October 17th. The Goldman Sachs Group boosted their price target on LPL Financial from $271.00 to $305.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Wells Fargo & Company raised their price objective on shares of LPL Financial from $310.00 to $390.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. JPMorgan Chase & Co. upgraded shares of LPL Financial from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $288.00 to $397.00 in a research note on Tuesday, January 7th. Finally, UBS Group raised shares of LPL Financial from a “neutral” rating to a “buy” rating and set a $390.00 price objective for the company in a research note on Monday, January 6th. One analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, LPL Financial has an average 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.