Integrated Wealth Concepts LLC Sells 315 Shares of LPL Financial Holdings Inc. (NASDAQ:LPLA)

Integrated Wealth Concepts LLC reduced its stake in LPL Financial Holdings Inc. (NASDAQ:LPLA) by 7.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,792 shares of the financial services provider’s stock after selling 315 shares during the period. Integrated Wealth Concepts LLC’s holdings in LPL Financial were worth $1,238,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. SkyView Investment Advisors LLC raised its stake in LPL Financial by 2.8% during the third quarter. SkyView Investment Advisors LLC now owns 4,835 shares of the financial services provider’s stock worth $1,125,000 after acquiring an additional 131 shares in the last quarter. Anchor Investment Management LLC grew its holdings in shares of LPL Financial by 15.6% in the 3rd quarter. Anchor Investment Management LLC now owns 9,669 shares of the financial services provider’s stock worth $2,249,000 after purchasing an additional 1,304 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of LPL Financial during the 3rd quarter worth about $182,000. Tidal Investments LLC lifted its holdings in LPL Financial by 98.9% during the 3rd quarter. Tidal Investments LLC now owns 7,662 shares of the financial services provider’s stock valued at $1,782,000 after purchasing an additional 3,809 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its position in LPL Financial by 15.7% in the third quarter. Principal Financial Group Inc. now owns 25,418 shares of the financial services provider’s stock valued at $5,913,000 after buying an additional 3,444 shares in the last quarter. 95.66% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LPLA has been the subject of a number of research analyst reports. Morgan Stanley lifted their target price on shares of LPL Financial from $379.00 to $413.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Keefe, Bruyette & Woods increased their target price on LPL Financial from $390.00 to $405.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Barclays cut their price target on LPL Financial from $414.00 to $365.00 and set an “overweight” rating for the company in a report on Monday, April 7th. Wells Fargo & Company decreased their price objective on shares of LPL Financial from $405.00 to $342.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Finally, JPMorgan Chase & Co. boosted their target price on shares of LPL Financial from $397.00 to $405.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, LPL Financial currently has a consensus rating of “Moderate Buy” and a consensus target price of $369.83.

Insider Activity at LPL Financial

In related news, Director Marc Eliot Cohen sold 1,100 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $365.85, for a total value of $402,435.00. Following the completion of the transaction, the director now directly owns 4,075 shares in the company, valued at approximately $1,490,838.75. The trade was a 21.26 % 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, CFO Matthew J. Audette sold 28,777 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $365.14, for a total transaction of $10,507,633.78. Following the sale, the chief financial officer now owns 13,663 shares in the company, valued at $4,988,907.82. This trade represents a 67.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 34,465 shares of company stock worth $12,562,070. 1.30% of the stock is currently owned by company insiders.

LPL Financial Stock Performance

LPLA stock opened at $319.32 on Wednesday. The company has a quick ratio of 2.16, a current ratio of 2.16 and a debt-to-equity ratio of 1.60. LPL Financial Holdings Inc. has a twelve month low of $187.19 and a twelve month high of $384.04. The business’s fifty day moving average is $325.00 and its 200-day moving average is $325.02. The company has a market cap of $25.34 billion, a P/E ratio of 22.74, a price-to-earnings-growth ratio of 0.94 and a beta of 0.64.

LPL Financial (NASDAQ:LPLA) last issued its earnings results on Thursday, January 30th. The financial services provider reported $4.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.01 by $0.24. LPL Financial had a return on equity of 49.41% and a net margin of 8.55%. Equities research analysts forecast that LPL Financial Holdings Inc. will post 19.35 EPS for the current year.

LPL Financial 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 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.