Choreo LLC Has $555,000 Position in LPL Financial Holdings Inc. (NASDAQ:LPLA)

Choreo LLC grew its position in LPL Financial Holdings Inc. (NASDAQ:LPLA) by 60.6% during the 4th quarter, Holdings Channel reports. The firm owned 1,698 shares of the financial services provider’s stock after purchasing an additional 641 shares during the quarter. Choreo LLC’s holdings in LPL Financial were worth $555,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ashton Thomas Securities LLC acquired a new position in LPL Financial in the third quarter worth $31,000. Paladin Wealth LLC bought a new position in shares of LPL Financial in the third quarter valued at about $34,000. Brooklyn Investment Group acquired a new position in LPL Financial during the 3rd quarter worth about $43,000. R Squared Ltd acquired a new position in LPL Financial during the 4th quarter worth about $78,000. Finally, GAMMA Investing LLC grew its holdings in LPL Financial by 71.6% during the 4th quarter. GAMMA Investing LLC now owns 357 shares of the financial services provider’s stock worth $117,000 after acquiring an additional 149 shares during the last quarter. Institutional investors and hedge funds own 95.66% of the company’s stock.

Insider Buying and Selling

In related news, Director Aneri Jambusaria sold 305 shares of the company’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $331.94, for a total value of $101,241.70. Following the completion of the transaction, the director now directly owns 3,920 shares of the company’s stock, valued at approximately $1,301,204.80. This represents a 7.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Matthew J. Audette sold 28,777 shares of the stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $365.14, for a total value of $10,507,633.78. Following the transaction, the chief financial officer now owns 13,663 shares of the company’s stock, valued at approximately $4,988,907.82. This trade represents a 67.81 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by company insiders.

LPL Financial Price Performance

Shares of LPLA opened at $362.42 on Wednesday. The stock has a market cap of $27.14 billion, a P/E ratio of 25.81, a price-to-earnings-growth ratio of 0.93 and a beta of 0.87. LPL Financial Holdings Inc. has a 1 year low of $187.19 and a 1 year high of $375.83. The stock’s 50-day moving average price is $341.35 and its two-hundred day moving average price is $281.50. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 1.60.

LPL Financial (NASDAQ:LPLA) last released its quarterly earnings data on Thursday, January 30th. The financial services provider reported $4.25 earnings per share for the quarter, topping the consensus estimate of $4.01 by $0.24. LPL Financial had a net margin of 8.55% and a return on equity of 49.41%. On average, equities analysts predict that LPL Financial Holdings Inc. will post 19.14 earnings per share for the current year.

LPL Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.33%. The ex-dividend date of this dividend is Tuesday, March 11th. LPL Financial’s dividend payout ratio is currently 8.55%.

Analyst Ratings Changes

A number of brokerages have weighed in on LPLA. The Goldman Sachs Group boosted their target price on shares of LPL Financial from $271.00 to $305.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. UBS Group boosted their price objective on shares of LPL Financial from $390.00 to $420.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Wells Fargo & Company increased their price objective on LPL Financial from $390.00 to $405.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Keefe, Bruyette & Woods boosted their target price on LPL Financial from $390.00 to $405.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. upped their price target on LPL Financial from $397.00 to $405.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $379.17.

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 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.