Presidio Capital Management LLC Grows Position in LPL Financial Holdings Inc. $LPLA

Presidio Capital Management LLC grew its holdings in LPL Financial Holdings Inc. (NASDAQ:LPLA) by 96.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,486 shares of the financial services provider’s stock after buying an additional 2,200 shares during the period. LPL Financial accounts for about 0.5% of Presidio Capital Management LLC’s holdings, making the stock its 20th biggest holding. Presidio Capital Management LLC’s holdings in LPL Financial were worth $1,602,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Capital World Investors grew its stake in LPL Financial by 15,960.1% during the 3rd quarter. Capital World Investors now owns 2,628,551 shares of the financial services provider’s stock valued at $874,493,000 after acquiring an additional 2,612,184 shares in the last quarter. Dodge & Cox raised its holdings in LPL Financial by 77.3% in the 2nd quarter. Dodge & Cox now owns 2,701,709 shares of the financial services provider’s stock valued at $1,013,060,000 after acquiring an additional 1,178,249 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in LPL Financial by 32.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,242,353 shares of the financial services provider’s stock worth $1,078,698,000 after purchasing an additional 800,171 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of LPL Financial by 444.8% during the 2nd quarter. Invesco Ltd. now owns 551,579 shares of the financial services provider’s stock worth $206,825,000 after purchasing an additional 450,326 shares during the last quarter. Finally, Lone Pine Capital LLC boosted its holdings in shares of LPL Financial by 20.5% during the 3rd quarter. Lone Pine Capital LLC now owns 2,255,714 shares of the financial services provider’s stock worth $750,453,000 after purchasing an additional 383,466 shares during the last quarter. 95.66% of the stock is owned by hedge funds and other institutional investors.

LPL Financial Stock Up 1.1%

LPLA stock opened at $300.18 on Tuesday. The firm has a market cap of $24.07 billion, a PE ratio of 27.26, a PEG ratio of 0.66 and a beta of 0.59. The company has a debt-to-equity ratio of 1.36, a quick ratio of 2.45 and a current ratio of 2.45. The firm’s 50 day moving average price is $329.09 and its 200-day moving average price is $345.04. LPL Financial Holdings Inc. has a one year low of $262.83 and a one year high of $403.58.

LPL Financial (NASDAQ:LPLA) last issued its quarterly earnings data on Thursday, January 29th. The financial services provider reported $5.23 earnings per share for the quarter, topping the consensus estimate of $4.82 by $0.41. The company had revenue of $4.93 billion during the quarter, compared to analyst estimates of $4.90 billion. LPL Financial had a return on equity of 34.19% and a net margin of 5.08%.The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period in the prior year, the business posted $4.25 earnings per share. On average, equities research analysts anticipate that LPL Financial Holdings Inc. will post 19.35 EPS for the current year.

LPL Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 24th. Stockholders of record on Tuesday, March 10th were issued a dividend of $0.30 per share. The ex-dividend date was Tuesday, March 10th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.4%. LPL Financial’s dividend payout ratio is currently 10.90%.

Insider Transactions at LPL Financial

In related news, Director Matthew Enyedi sold 2,109 shares of the firm’s stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $320.15, for a total transaction of $675,196.35. Following the completion of the sale, the director directly owned 14,121 shares of the company’s stock, valued at approximately $4,520,838.15. This trade represents a 12.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Marc Eliot Cohen sold 2,212 shares of the business’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $308.75, for a total transaction of $682,955.00. Following the completion of the sale, the director owned 5,488 shares in the company, valued at approximately $1,694,420. This trade represents a 28.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 6,990 shares of company stock worth $2,201,837. 1.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Wolfe Research set a $478.00 price target on LPL Financial in a report on Friday, January 30th. Citigroup reissued a “market outperform” rating on shares of LPL Financial in a research note on Tuesday, February 3rd. TD Cowen dropped their target price on LPL Financial from $399.00 to $378.00 and set a “hold” rating for the company in a report on Friday, January 30th. Barclays cut their target price on LPL Financial from $444.00 to $434.00 and set an “overweight” rating for the company in a research note on Friday, January 30th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of LPL Financial in a report on Wednesday, January 28th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $428.71.

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.