Catalyst Capital Advisors LLC Has $179,000 Stock Position in LPL Financial Holdings Inc. $LPLA

Catalyst Capital Advisors LLC lessened its stake in shares of LPL Financial Holdings Inc. (NASDAQ:LPLA) by 76.1% during the first quarter, Holdings Channel.com reports. The firm owned 595 shares of the financial services provider’s stock after selling 1,890 shares during the period. Catalyst Capital Advisors LLC’s holdings in LPL Financial were worth $179,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Osterweis Capital Management Inc. acquired a new position in LPL Financial during the 2nd quarter worth approximately $26,000. Clearstead Advisors LLC boosted its holdings in LPL Financial by 3,650.0% in the fourth quarter. Clearstead Advisors LLC now owns 75 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 73 shares in the last quarter. Steigerwald Gordon & Koch Inc. boosted its holdings in LPL Financial by 550.0% in the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 78 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 66 shares in the last quarter. Core Wealth Advisors LLC acquired a new stake in LPL Financial in the fourth quarter valued at approximately $36,000. Finally, Physician Wealth Advisors Inc. grew its stake in LPL Financial by 580.0% in the first quarter. Physician Wealth Advisors Inc. now owns 136 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 116 shares during the period. 95.66% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LPLA has been the topic of a number of research reports. Keefe, Bruyette & Woods started coverage on LPL Financial in a research report on Wednesday, April 8th. They set an “outperform” rating and a $350.00 target price on the stock. Jefferies Financial Group reduced their price target on shares of LPL Financial from $464.00 to $383.00 and set a “buy” rating for the company in a research report on Monday, April 6th. William Blair restated an “outperform” rating on shares of LPL Financial in a research note on Thursday, June 4th. TD Cowen decreased their price target on shares of LPL Financial from $330.00 to $326.00 and set a “hold” rating for the company in a research note on Friday, May 1st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of LPL Financial in a report on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $397.92.

LPL Financial Stock Performance

Shares of LPLA opened at $324.90 on Friday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 2.56 and a current ratio of 2.56. The stock has a 50 day moving average price of $293.42 and a two-hundred day moving average price of $318.30. The firm has a market capitalization of $25.99 billion, a P/E ratio of 29.01, a P/E/G ratio of 0.63 and a beta of 0.50. LPL Financial Holdings Inc. has a 52 week low of $260.15 and a 52 week high of $403.58.

LPL Financial (NASDAQ:LPLA) last posted its earnings results on Thursday, April 30th. The financial services provider reported $5.60 earnings per share for the quarter, beating analysts’ consensus estimates of $5.49 by $0.11. The company had revenue of $4.94 billion for the quarter, compared to analyst estimates of $4.98 billion. LPL Financial had a return on equity of 31.26% and a net margin of 4.93%.The company’s revenue for the quarter was up 34.6% on a year-over-year basis. During the same quarter last year, the company earned $5.15 earnings per share. Equities analysts forecast that LPL Financial Holdings Inc. will post 23.38 earnings per share for the current fiscal year.

LPL Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 21st were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Thursday, May 21st. LPL Financial’s dividend payout ratio is presently 10.71%.

Insiders Place Their Bets

In other LPL Financial news, Director Aneri Jambusaria sold 308 shares of the firm’s stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $306.00, for a total transaction of $94,248.00. Following the transaction, the director directly owned 6,415 shares in the company, valued at approximately $1,962,990. This trade represents a 4.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.60% of the company’s stock.

About LPL Financial

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.