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SAN DIEGO—Marc Eliot Cohen, Managing Director at LPL Financial Holdings Inc. (NASDAQ:LPLA), a $27 billion market cap financial services firm currently trading near InvestingPro’s Fair Value estimate, recently executed a significant transaction involving the company’s stock. According to a recent SEC filing, Cohen sold 1,100 shares of LPL Financial common stock on February 26, 2025. The shares were sold at a price of $365.85 each, totaling approximately $402,435, amid the stock’s impressive 59% surge over the past six months.
In addition to the sales transaction, Cohen also acquired shares on February 25, 2025. He received 1,140 shares upon the vesting of performance stock units, and an additional 774 shares in the form of restricted stock units. These acquisitions were part of a pre-determined stock compensation plan and were acquired without any direct purchase cost. InvestingPro analysis reveals the company maintains a robust financial health score of "GOOD" with particularly strong profitability metrics. Subscribers can access 10 additional exclusive ProTips and comprehensive valuation analysis in the Pro Research Report.
Following these transactions, Cohen holds a total of 4,075.2114 shares directly, with an additional 19 shares held indirectly by his spouse. The recent activity reflects ongoing adjustments in Cohen’s equity position within the company, aligning with LPL Financial’s executive compensation structure. The company currently trades at a P/E ratio of 25.5, reflecting market confidence in its growth prospects.
In other recent news, LPL Financial Holdings Inc. reported impressive fourth-quarter 2024 earnings, exceeding analyst expectations. The company achieved an adjusted earnings per share (EPS) of $4.25, surpassing the forecasted $3.96, and generated revenue of $3.51 billion, which exceeded the anticipated $3.27 billion. This performance reflects LPL Financial’s strong operational execution and strategic investments. Additionally, LPL Holdings, a subsidiary of LPL Financial, issued $1.25 billion in senior unsecured notes, with the proceeds aimed at repaying existing debts and funding general corporate purposes.
In another development, LPL Financial welcomed Carmen M. Lex Jr. and Chris Lex to its platforms, managing approximately $630 million in assets. The advisors transitioned from Corebridge Financial, seeking independence and enhanced financial guidance capabilities. Furthermore, LPL Financial’s strategic initiatives included the onboarding of Prudential (LON:PRU) Advisors, contributing significantly to the company’s asset growth.
Analyst notes from Wolfe Research and Goldman Sachs highlighted LPL Financial’s robust organic growth and strategic focus on expanding its high-net-worth offerings and alternative investments platform. These recent developments underscore LPL Financial’s commitment to growth and innovation in the financial advisory sector.
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