Insider Selling: LPL Financial Holdings Inc (LPLA) Insider Sells 23,892 Shares of Stock

LPL Financial Holdings Inc (NASDAQ:LPLA) insider George Burton White sold 23,892 shares of the firm’s stock in a transaction that occurred on Thursday, January 10th. The shares were sold at an average price of $66.00, for a total transaction of $1,576,872.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

George Burton White also recently made the following trade(s):

  • On Thursday, November 8th, George Burton White sold 23,893 shares of LPL Financial stock. The shares were sold at an average price of $66.00, for a total transaction of $1,576,938.00.

LPL Financial stock opened at $65.95 on Friday. The firm has a market cap of $5.63 billion, a PE ratio of 21.98, a PEG ratio of 0.72 and a beta of 1.42. LPL Financial Holdings Inc has a 12-month low of $52.03 and a 12-month high of $73.28. The company has a debt-to-equity ratio of 2.43, a current ratio of 1.40 and a quick ratio of 1.40.

LPL Financial (NASDAQ:LPLA) last released its quarterly earnings data on Thursday, October 25th. The financial services provider reported $1.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.24 by $0.08. The business had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.30 billion. LPL Financial had a net margin of 7.68% and a return on equity of 41.69%. As a group, sell-side analysts forecast that LPL Financial Holdings Inc will post 5.19 earnings per share for the current year.

Several equities analysts have commented on the stock. Wolfe Research assumed coverage on shares of LPL Financial in a research report on Tuesday, September 25th. They issued an “outperform” rating for the company. Zacks Investment Research cut shares of LPL Financial from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 5th. BidaskClub raised shares of LPL Financial from a “sell” rating to a “hold” rating in a research report on Thursday, November 8th. Morgan Stanley decreased their price target on shares of LPL Financial from $71.00 to $66.00 and set a “hold” rating for the company in a research report on Wednesday, November 14th. Finally, Goldman Sachs Group assumed coverage on shares of LPL Financial in a research report on Tuesday, November 27th. They issued a “conviction-buy” rating for the company. Five research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $77.00.

Several institutional investors have recently added to or reduced their stakes in the company. Southpoint Capital Advisors LP lifted its position in shares of LPL Financial by 6.7% during the 3rd quarter. Southpoint Capital Advisors LP now owns 2,400,000 shares of the financial services provider’s stock worth $154,824,000 after purchasing an additional 150,000 shares during the last quarter. Vanguard Group Inc lifted its position in shares of LPL Financial by 2.6% during the 3rd quarter. Vanguard Group Inc now owns 9,789,045 shares of the financial services provider’s stock worth $631,492,000 after purchasing an additional 243,618 shares during the last quarter. Federated Investors Inc. PA lifted its position in shares of LPL Financial by 11.0% during the 3rd quarter. Federated Investors Inc. PA now owns 455,659 shares of the financial services provider’s stock worth $29,395,000 after purchasing an additional 45,084 shares during the last quarter. Marshall Wace North America L.P. lifted its position in shares of LPL Financial by 16.8% during the 3rd quarter. Marshall Wace North America L.P. now owns 115,494 shares of the financial services provider’s stock worth $7,451,000 after purchasing an additional 16,646 shares during the last quarter. Finally, Marshall Wace LLP lifted its position in shares of LPL Financial by 121.0% during the 3rd quarter. Marshall Wace LLP now owns 259,544 shares of the financial services provider’s stock worth $16,743,000 after purchasing an additional 142,091 shares during the last quarter. 91.90% of the stock is owned by institutional investors and hedge funds.

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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 financial institutions in the United States. Its brokerage offerings include variable and fixed annuities, mutual funds, equities, retirement and 529 education savings plans, fixed income, and insurance, as well as alternative investments, such as non-traded real estate investment trusts and business development companies.

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Insider Buying and Selling by Quarter for LPL Financial (NASDAQ:LPLA)

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