Sen. Markwayne Mullin Buys LPL Financial Holdings Inc. (NASDAQ:LPLA) Stock

Senator Markwayne Mullin (R-Oklahoma) recently bought shares of LPL Financial Holdings Inc. (NASDAQ:LPLA). In a filing disclosed on February 27th, the Senator disclosed that they had bought between $50,001 and $100,000 in LPL Financial stock on February 13th.

Senator Markwayne Mullin also recently made the following trade(s):

• Purchased $15,001 – $50,000 in shares of Amazon.com (NASDAQ:AMZN) on 2/13/2025.
• Sold $15,001 – $50,000 in shares of Honeywell International (NASDAQ:HON) on 2/13/2025.
• Purchased $15,001 – $50,000 in shares of IQVIA (NYSE:IQV) on 2/13/2025.
• Sold $15,001 – $50,000 in shares of Brick (TSE:BRK) on 2/13/2025.
• Sold $100,001 – $250,000 in shares of Vanguard Materials ETF (NYSEARCA:VAW) on 2/13/2025.
• Purchased $50,001 – $100,000 in shares of Microsoft (NASDAQ:MSFT) on 2/13/2025.
• Sold $15,001 – $50,000 in shares of Constellation Brands (NYSE:STZ) on 2/13/2025.
• Purchased $15,001 – $50,000 in shares of TJX Companies (NYSE:TJX) on 2/13/2025.
• Sold $50,001 – $100,000 in shares of Advanced Micro Devices (NASDAQ:AMD) on 2/13/2025.
• Purchased $50,001 – $100,000 in shares of Accenture (NYSE:ACN) on 2/13/2025.

LPL Financial Trading Up 2.8 %

NASDAQ LPLA opened at $371.74 on Friday. The company has a debt-to-equity ratio of 1.60, a current ratio of 2.16 and a quick ratio of 2.16. The firm’s fifty day moving average price is $351.92 and its 200 day moving average price is $294.33. The company has a market capitalization of $27.72 billion, a price-to-earnings ratio of 26.48, a price-to-earnings-growth ratio of 0.94 and a beta of 0.87. LPL Financial Holdings Inc. has a 12 month low of $187.19 and a 12 month high of $384.04.

LPL Financial (NASDAQ:LPLA) last posted its earnings results on Thursday, January 30th. The financial services provider reported $4.25 EPS for the quarter, beating analysts’ consensus estimates 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, sell-side analysts expect 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 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 0.32%. The ex-dividend date of this dividend is Tuesday, March 11th. LPL Financial’s dividend payout ratio (DPR) is 8.55%.

Insider Activity at LPL Financial

In related news, Director Aneri Jambusaria sold 305 shares of the firm’s stock in a transaction dated 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 sale, the director now owns 3,920 shares in the company, valued at $1,301,204.80. This trade represents a 7.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Matthew J. Audette sold 28,777 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $365.14, for a total transaction of $10,507,633.78. Following the completion of the sale, the chief financial officer now owns 13,663 shares of the company’s stock, valued at $4,988,907.82. This trade represents a 67.81 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 34,770 shares of company stock worth $12,663,312 over the last 90 days. Company insiders own 1.30% of the company’s stock.

Institutional Trading of LPL Financial

Several hedge funds and other institutional investors have recently made changes to their positions in LPLA. Sequoia Financial Advisors LLC boosted its holdings in shares of LPL Financial by 10.3% in the third quarter. Sequoia Financial Advisors LLC now owns 945 shares of the financial services provider’s stock valued at $220,000 after acquiring an additional 88 shares in the last quarter. International Assets Investment Management LLC lifted its stake in shares of LPL Financial by 11,516.9% in the third quarter. International Assets Investment Management LLC now owns 92,819 shares of the financial services provider’s stock valued at $21,592,000 after purchasing an additional 92,020 shares during the period. Forsta AP Fonden lifted its stake in shares of LPL Financial by 2.0% in the third quarter. Forsta AP Fonden now owns 15,600 shares of the financial services provider’s stock valued at $3,629,000 after purchasing an additional 300 shares during the period. PFG Investments LLC acquired a new stake in shares of LPL Financial in the third quarter valued at about $266,000. Finally, DekaBank Deutsche Girozentrale lifted its stake in shares of LPL Financial by 1.5% in the third quarter. DekaBank Deutsche Girozentrale now owns 8,718 shares of the financial services provider’s stock valued at $2,004,000 after purchasing an additional 131 shares during the period. Hedge funds and other institutional investors own 95.66% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Morgan Stanley increased their target price on shares of LPL Financial from $379.00 to $413.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. StockNews.com raised shares of LPL Financial from a “sell” rating to a “hold” rating in a research report on Saturday, November 9th. JMP Securities reissued a “market outperform” rating and set a $435.00 price objective on shares of LPL Financial in a research report on Friday, January 31st. UBS Group raised 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. Finally, JPMorgan Chase & Co. raised their price objective on shares of LPL Financial from $397.00 to $405.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $379.17.

About Senator Mullin

Markwayne Mullin (Republican Party) is a member of the U.S. Senate from Oklahoma. He assumed office on January 11, 2023. His current term ends on January 3, 2027. Mullin (Republican Party) ran in a special election to the U.S. Senate to represent Oklahoma. He won in the special general election on November 8, 2022. Mullin is a member of the Cherokee Nation and one of four Native American members of the 116th Congress. At the age of 20, Mullin took over his father’s plumbing business. He is also a former professional mixed martial artist. Markwayne Mullin graduated from Stilwell High School. Mullin earned an associate degree in construction technology from Oklahoma State University Institute of Technology. His career experience includes owning and founding multiple businesses.

About LPL Financial

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.