George Burton White Sells 23,892 Shares of LPL Financial Holdings Inc (LPLA) Stock

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LPL Financial Holdings Inc (NASDAQ:LPLA) insider George Burton White sold 23,892 shares of the business’s stock in a transaction dated Thursday, January 10th. The stock was sold at an average price of $66.00, for a total transaction of $1,576,872.00. Following the completion of the transaction, the insider now directly owns 50,581 shares of the company’s stock, valued at $3,338,346. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 stock was sold at an average price of $66.00, for a total transaction of $1,576,938.00.

Shares of NASDAQ:LPLA opened at $65.95 on Monday. LPL Financial Holdings Inc has a one year low of $52.03 and a one year high of $73.28. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.43. The company has a market cap of $5.63 billion, a PE ratio of 21.98, a price-to-earnings-growth ratio of 0.72 and a beta of 1.42.

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

Several large investors have recently modified their holdings of the company. Vanguard Group Inc. grew 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 buying an additional 243,618 shares during the period. Vanguard Group Inc grew 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 buying an additional 243,618 shares during the period. BlackRock Inc. grew its position in shares of LPL Financial by 0.8% during the 3rd quarter. BlackRock Inc. now owns 4,142,421 shares of the financial services provider’s stock worth $267,226,000 after buying an additional 34,253 shares during the period. Frontier Capital Management Co. LLC grew its position in shares of LPL Financial by 12.4% during the 3rd quarter. Frontier Capital Management Co. LLC now owns 2,524,046 shares of the financial services provider’s stock worth $162,826,000 after buying an additional 277,854 shares during the period. Finally, Southpoint Capital Advisors LP grew 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 buying an additional 150,000 shares during the period. Institutional investors own 91.90% of the company’s stock.

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

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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 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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