Fort Washington Investment Advisors Inc. OH Has $74.24 Million Stock Position in LPL Financial Holdings Inc. $LPLA

Fort Washington Investment Advisors Inc. OH grew its stake in LPL Financial Holdings Inc. (NASDAQ:LPLA) by 222.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 223,144 shares of the financial services provider’s stock after purchasing an additional 153,897 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in LPL Financial were worth $74,238,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of LPLA. Osterweis Capital Management Inc. acquired a new stake in LPL Financial in the 2nd quarter valued at $26,000. SBI Securities Co. Ltd. lifted its holdings in shares of LPL Financial by 116.2% during the second quarter. SBI Securities Co. Ltd. now owns 80 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 43 shares during the period. Maseco LLP acquired a new stake in shares of LPL Financial in the 2nd quarter valued at $34,000. Bayforest Capital Ltd acquired a new stake in shares of LPL Financial in the 2nd quarter valued at $34,000. Finally, Graney & King LLC grew its holdings in shares of LPL Financial by 49.5% in the 2nd quarter. Graney & King LLC now owns 139 shares of the financial services provider’s stock worth $52,000 after purchasing an additional 46 shares during the last quarter. Institutional investors own 95.66% of the company’s stock.

LPL Financial Stock Performance

Shares of LPL Financial stock opened at $366.25 on Tuesday. The company has a debt-to-equity ratio of 1.49, a current ratio of 2.60 and a quick ratio of 2.60. The firm has a 50 day simple moving average of $362.50 and a 200 day simple moving average of $359.56. LPL Financial Holdings Inc. has a fifty-two week low of $262.83 and a fifty-two week high of $403.58. The firm has a market cap of $29.31 billion, a P/E ratio of 33.72, a P/E/G ratio of 0.92 and a beta of 0.60.

LPL Financial (NASDAQ:LPLA) last announced its quarterly earnings data on Thursday, October 30th. The financial services provider reported $5.20 EPS for the quarter, beating analysts’ consensus estimates of $4.49 by $0.71. The firm had revenue of $4.55 billion for the quarter, compared to analyst estimates of $4.08 billion. LPL Financial had a return on equity of 36.80% and a net margin of 5.35%.The business’s quarterly revenue was up 46.4% compared to the same quarter last year. During the same period last year, the company earned $4.16 EPS. Sell-side analysts predict that LPL Financial Holdings Inc. will post 19.35 earnings per share for the current fiscal year.

LPL Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Thursday, November 13th were issued a $0.30 dividend. The ex-dividend date was Thursday, November 13th. This represents a $1.20 annualized dividend and a yield of 0.3%. LPL Financial’s dividend payout ratio (DPR) is currently 11.05%.

Insider Buying and Selling

In other news, Director Greg Gates sold 750 shares of the firm’s stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $370.97, for a total value of $278,227.50. Following the transaction, the director owned 14,620 shares of the company’s stock, valued at approximately $5,423,581.40. This trade represents a 4.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Aneri Jambusaria sold 80 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $352.48, for a total transaction of $28,198.40. Following the sale, the director directly owned 5,502 shares of the company’s stock, valued at approximately $1,939,344.96. This trade represents a 1.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 8,138 shares of company stock worth $2,983,353 over the last three months. 0.70% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on LPLA shares. JMP Securities set a $475.00 price target on shares of LPL Financial in a report on Friday, October 31st. Citizens Jmp lifted their target price on shares of LPL Financial from $455.00 to $475.00 and gave the company a “market outperform” rating in a research note on Friday, October 31st. BMO Capital Markets began coverage on LPL Financial in a report on Friday, October 3rd. They issued an “outperform” rating and a $365.00 target price on the stock. JPMorgan Chase & Co. dropped their price target on LPL Financial from $463.00 to $438.00 and set an “overweight” rating for the company in a report on Monday, October 20th. Finally, Citigroup reiterated an “outperform” rating on shares of LPL Financial in a research report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $426.79.

LPL Financial Profile

LPL Financial (NASDAQ: LPLA) is a U.S.-focused financial services firm that provides brokerage, custodial and advisory platforms to independent financial advisors, registered investment advisers and institutions. Operating primarily as an independent broker-dealer and custodian, the company supports a network of advisors with the operational, compliance and clearing infrastructure needed to manage client accounts and deliver investment advice outside of traditional wirehouse models.

The firm’s product and service offerings include trade execution and clearing, custody services, retirement plan services, model portfolio and advisory platforms, wealth management technology, investment research and product access across equities, fixed income, mutual funds, exchange-traded funds and insurance and annuity solutions.