Shares of LPL Financial Holdings Inc (NASDAQ:LPLA) reached a new 52-week high on Monday . The stock traded as high as $92.99 and last traded at $91.68, with a volume of 406525 shares changing hands. The stock had previously closed at $92.35.

Several equities research analysts have recently weighed in on the company. Credit Suisse Group lowered their price objective on LPL Financial from $110.00 to $98.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 1st. BidaskClub upgraded LPL Financial from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 16th. Zacks Investment Research upgraded LPL Financial from a “sell” rating to a “hold” rating in a research report on Tuesday, October 29th. Morgan Stanley decreased their price target on LPL Financial from $90.00 to $84.00 and set an “equal weight” rating on the stock in a research report on Monday, October 14th. Finally, Jefferies Financial Group started coverage on LPL Financial in a research report on Tuesday, September 17th. They set a “buy” rating and a $96.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $92.64.

The firm has a market capitalization of $7.41 billion, a P/E ratio of 17.20, a price-to-earnings-growth ratio of 0.86 and a beta of 1.43. The stock has a 50-day moving average of $84.23 and a 200 day moving average of $81.42. The company has a debt-to-equity ratio of 2.56, a quick ratio of 1.33 and a current ratio of 1.33.

LPL Financial (NASDAQ:LPLA) last released its quarterly earnings results on Thursday, October 24th. The financial services provider reported $1.71 EPS for the quarter, topping the Zacks’ consensus estimate of $1.61 by $0.10. LPL Financial had a return on equity of 59.56% and a net margin of 10.07%. The business had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same period in the prior year, the company earned $1.19 EPS. LPL Financial’s revenue for the quarter was up 6.4% on a year-over-year basis. On average, equities analysts predict that LPL Financial Holdings Inc will post 7.15 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 7th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.09%. The ex-dividend date of this dividend was Wednesday, November 6th. LPL Financial’s dividend payout ratio is 18.76%.

In other LPL Financial news, CEO Dan H. Arnold sold 48,159 shares of the company’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $80.00, for a total transaction of $3,852,720.00. Following the transaction, the chief executive officer now owns 227,784 shares of the company’s stock, valued at approximately $18,222,720. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director John Andrew Kalbaugh sold 32,120 shares of the company’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $80.28, for a total value of $2,578,593.60. Following the transaction, the director now directly owns 24,096 shares in the company, valued at approximately $1,934,426.88. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 149,600 shares of company stock worth $12,483,871. Company insiders own 2.20% of the company’s stock.

A number of large investors have recently bought and sold shares of the business. BlackRock Inc. lifted its holdings in LPL Financial by 3.0% during the 2nd quarter. BlackRock Inc. now owns 4,144,447 shares of the financial services provider’s stock worth $338,063,000 after buying an additional 120,006 shares in the last quarter. Voya Investment Management LLC lifted its stake in shares of LPL Financial by 49.1% in the 3rd quarter. Voya Investment Management LLC now owns 1,295,396 shares of the financial services provider’s stock valued at $106,094,000 after purchasing an additional 426,793 shares during the period. Nuveen Asset Management LLC lifted its stake in shares of LPL Financial by 241.2% in the 2nd quarter. Nuveen Asset Management LLC now owns 1,186,741 shares of the financial services provider’s stock valued at $96,803,000 after purchasing an additional 838,919 shares during the period. Eagle Asset Management Inc. lifted its stake in shares of LPL Financial by 1.8% in the 3rd quarter. Eagle Asset Management Inc. now owns 692,722 shares of the financial services provider’s stock valued at $56,733,000 after purchasing an additional 12,176 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of LPL Financial by 4.9% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 615,252 shares of the financial services provider’s stock valued at $50,187,000 after purchasing an additional 28,624 shares during the period. 93.76% of the stock is currently owned by hedge funds and other institutional investors.

LPL Financial Company Profile (NASDAQ:LPLA)

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.

Featured Story: Do equity income investments outperform growth and income investments?

Receive News & Ratings for LPL Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LPL Financial and related companies with MarketBeat.com's FREE daily email newsletter.