Key Points
- Director Greg Gates sold 1,500 shares on Nov. 5 at an average price of $376.43 for $564,645, leaving him with 15,370 shares (an 8.89% reduction in his position).
- LPL beat Q4 estimates, reporting $5.20 EPS vs. $4.49 expected and $4.55 billion in revenue vs. $4.08 billion, with revenue up 46.4% year‑over‑year.
- The company announced a quarterly dividend of $0.30 (paid Dec. 1, annualized $1.20, ~0.3% yield) and Wall Street consensus is a Moderate Buy with an average price target of $429.00.
LPL Financial Holdings Inc. (NASDAQ:LPLA - Get Free Report) Director Greg Gates sold 1,500 shares of the business's stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $376.43, for a total transaction of $564,645.00. Following the completion of the transaction, the director owned 15,370 shares in the company, valued at $5,785,729.10. This trade represents a 8.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Greg Gates also recently made the following trade(s):
- On Monday, October 6th, Greg Gates sold 750 shares of LPL Financial stock. The shares were sold at an average price of $314.42, for a total transaction of $235,815.00.
- On Friday, September 5th, Greg Gates sold 1,500 shares of LPL Financial stock. The stock was sold at an average price of $338.21, for a total value of $507,315.00.
LPL Financial Stock Performance
Shares of LPL Financial stock opened at $373.50 on Friday. The company has a quick ratio of 3.22, a current ratio of 2.60 and a debt-to-equity ratio of 1.49. The business has a 50 day moving average price of $340.79 and a 200-day moving average price of $358.40. LPL Financial Holdings Inc. has a 52 week low of $262.83 and a 52 week high of $403.58. The company has a market cap of $29.89 billion, a PE ratio of 34.39, a price-to-earnings-growth ratio of 0.83 and a beta of 0.63.
LPL Financial (NASDAQ:LPLA - Get Free Report) last issued its quarterly earnings results on Thursday, October 30th. The financial services provider reported $5.20 earnings per share for the quarter, topping analysts' consensus estimates of $4.49 by $0.71. The company had revenue of $4.55 billion for the quarter, compared to the consensus estimate of $4.08 billion. LPL Financial had a net margin of 5.35% and a return on equity of 36.80%. The firm's quarterly revenue was up 46.4% on a year-over-year basis. During the same period in the previous year, the firm earned $4.16 EPS. Equities analysts anticipate that LPL Financial Holdings Inc. will post 19.35 earnings per share for the current fiscal year.
LPL Financial Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Thursday, November 13th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Thursday, November 13th. LPL Financial's dividend payout ratio (DPR) is currently 11.05%.
Wall Street Analysts Forecast Growth
A number of brokerages recently commented on LPLA. JMP Securities set a $475.00 target price on shares of LPL Financial in a research report on Friday, October 31st. UBS Group set a $455.00 target price on LPL Financial in a report on Thursday, October 9th. Rothschild Redb lowered shares of LPL Financial from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 19th. Raymond James Financial raised shares of LPL Financial from an "underperform" rating to a "market perform" rating in a research note on Thursday, October 9th. Finally, Barclays boosted their target price on shares of LPL Financial from $411.00 to $420.00 and gave the company an "overweight" rating in a research note on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $429.00.
Read Our Latest Stock Analysis on LPLA
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the company. Summit Securities Group LLC purchased a new stake in shares of LPL Financial during the first quarter worth approximately $26,000. Osterweis Capital Management Inc. purchased a new position in LPL Financial during the second quarter worth about $26,000. SJS Investment Consulting Inc. boosted its position in shares of LPL Financial by 912.5% during the 3rd quarter. SJS Investment Consulting Inc. now owns 81 shares of the financial services provider's stock worth $27,000 after purchasing an additional 73 shares during the period. Chung Wu Investment Group LLC acquired a new stake in LPL Financial in the 3rd quarter valued at approximately $27,000. Finally, Millstone Evans Group LLC raised its position in LPL Financial by 123.1% in the first quarter. Millstone Evans Group LLC now owns 87 shares of the financial services provider's stock valued at $28,000 after purchasing an additional 48 shares during the period. Institutional investors and hedge funds own 95.66% of the company's stock.
About LPL Financial
(
Get Free Report)
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.
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