abrdn plc cut its holdings in shares of LPL Financial Holdings Inc. (NASDAQ:LPLA – Free Report) by 14.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 216,750 shares of the financial services provider’s stock after selling 36,618 shares during the period. abrdn plc owned approximately 0.29% of LPL Financial worth $71,047,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of LPLA. Creative Planning increased its position in shares of LPL Financial by 14.7% in the second quarter. Creative Planning now owns 4,574 shares of the financial services provider’s stock valued at $1,278,000 after buying an additional 586 shares in the last quarter. Cetera Investment Advisers increased its holdings in LPL Financial by 5.9% in the 2nd quarter. Cetera Investment Advisers now owns 14,439 shares of the financial services provider’s stock worth $4,033,000 after acquiring an additional 805 shares in the last quarter. SG Americas Securities LLC raised its position in LPL Financial by 15.1% during the third quarter. SG Americas Securities LLC now owns 5,578 shares of the financial services provider’s stock worth $1,298,000 after acquiring an additional 732 shares during the period. Handelsbanken Fonder AB raised its position in LPL Financial by 21.6% during the third quarter. Handelsbanken Fonder AB now owns 19,681 shares of the financial services provider’s stock worth $4,578,000 after acquiring an additional 3,500 shares during the period. Finally, Diversified Trust Co purchased a new position in LPL Financial during the third quarter valued at $1,445,000. Hedge funds and other institutional investors own 95.66% of the company’s stock.
Insider Activity
In related news, Director Aneri Jambusaria sold 305 shares of the business’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $331.94, for a total value of $101,241.70. Following the sale, the director now directly owns 3,920 shares in the company, valued at approximately $1,301,204.80. The trade was a 7.22 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.00% of the company’s stock.
Wall Street Analyst Weigh In
View Our Latest Stock Analysis on LPLA
LPL Financial Trading Down 0.6 %
Shares of LPLA opened at $361.89 on Wednesday. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 1.60. The firm has a 50-day moving average price of $337.13 and a 200 day moving average price of $276.48. LPL Financial Holdings Inc. has a 12-month low of $187.19 and a 12-month high of $375.74. The firm has a market capitalization of $27.10 billion, a P/E ratio of 25.78, a P/E/G ratio of 1.13 and a beta of 0.87.
LPL Financial (NASDAQ:LPLA – Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The financial services provider reported $4.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.01 by $0.24. LPL Financial had a net margin of 8.55% and a return on equity of 49.41%. Sell-side analysts forecast that LPL Financial Holdings Inc. will post 19.4 EPS for the current year.
LPL Financial Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th will be given a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $1.20 dividend on an annualized basis and a yield of 0.33%. LPL Financial’s dividend payout ratio is currently 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.
Featured Stories
- Five stocks we like better than LPL Financial
- Best Aerospace Stocks Investing
- Rocket Lab’s Growth Strategy: Small Rockets, Massive Potential
- Insider Buying Explained: What Investors Need to Know
- Goldman Sachs vs. Morgan Stanley—Which Stock Has More Upside?
- Investing in Construction Stocks
- 3 Reasons Bulls Will Win on Super Micro Computer Stock
Receive News & Ratings for LPL Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LPL Financial and related companies with MarketBeat.com's FREE daily email newsletter.