14.15 % to Target, KBW Maintains ‘”Buy”’ Rating on LPL Financial (NASDAQ:LPLA) Shares Today

April 16, 2018 - By Ellis Scott

LPL Financial Holdings Inc. (NASDAQ:LPLA) Logo

Investors sentiment decreased to 1.02 in Q4 2017. Its down 0.98, from 2 in 2017Q3. It is negative, as 23 investors sold LPL Financial Holdings Inc. shares while 80 reduced holdings. 44 funds opened positions while 61 raised stakes. 81.20 million shares or 1.06% more from 80.35 million shares in 2017Q3 were reported.

Citigroup Inc holds 0% or 38,156 shares. Cubist Systematic Strategies Ltd Llc accumulated 0.03% or 8,407 shares. Prudential Inc has invested 0% in LPL Financial Holdings Inc. (NASDAQ:LPLA). Frontier Management Communication Limited Company holds 0.21% of its portfolio in LPL Financial Holdings Inc. (NASDAQ:LPLA) for 502,352 shares. Brown Brothers Harriman And has invested 0% of its portfolio in LPL Financial Holdings Inc. (NASDAQ:LPLA). Matarin Cap Management Lc stated it has 0.1% of its portfolio in LPL Financial Holdings Inc. (NASDAQ:LPLA). Hightower Advsr Lc accumulated 22,276 shares. Moreover, Hudson Bay Limited Partnership has 0.35% invested in LPL Financial Holdings Inc. (NASDAQ:LPLA). Ahl Prtn Llp invested in 24,182 shares or 0.02% of the stock. First Quadrant L P Ca invested in 0% or 2,143 shares. Eagle Asset Mgmt has 53,011 shares for 0.02% of their portfolio. The Connecticut-based Point72 Asset Limited Partnership has invested 0.21% in LPL Financial Holdings Inc. (NASDAQ:LPLA). Barclays Public Limited Company invested 0% in LPL Financial Holdings Inc. (NASDAQ:LPLA). Ent Ser owns 32 shares for 0% of their portfolio. Philadelphia Financial Management Of San Francisco Limited Liability Corp reported 274,849 shares or 2.32% of all its holdings.

Since February 5, 2018, it had 0 insider buys, and 13 insider sales for $93.03 million activity. Hellman Marco sold $718,476 worth of LPL Financial Holdings Inc. (NASDAQ:LPLA) on Wednesday, February 28. On Friday, February 23 Arnold Dan H. sold $261,061 worth of LPL Financial Holdings Inc. (NASDAQ:LPLA) or 4,004 shares. RIEPE JAMES S sold $353,521 worth of LPL Financial Holdings Inc. (NASDAQ:LPLA) on Friday, March 2. White George Burton also sold $1.64M worth of LPL Financial Holdings Inc. (NASDAQ:LPLA) shares. Morrissey William P. Jr. had sold 20,000 shares worth $1.25 million on Monday, February 5.

LPL Financial (NASDAQ:LPLA) Rating Reaffirmed

In an analyst report published this morning, KBW reiterated their “Buy” rating on LPL Financial (NASDAQ:LPLA) shares. The target price per share would indicate a possible upside of 14.15 % from company’s close price.

Investors sentiment decreased to 1.02 in Q4 2017. Its down 0.98, from 2 in 2017Q3. It is negative, as 23 investors sold LPL Financial Holdings Inc. shares while 80 reduced holdings. 44 funds opened positions while 61 raised stakes. 81.20 million shares or 1.06% more from 80.35 million shares in 2017Q3 were reported.

Citigroup Inc holds 0% or 38,156 shares. Cubist Systematic Strategies Ltd Llc accumulated 0.03% or 8,407 shares. Prudential Inc has invested 0% in LPL Financial Holdings Inc. (NASDAQ:LPLA). Frontier Management Communication Limited Company holds 0.21% of its portfolio in LPL Financial Holdings Inc. (NASDAQ:LPLA) for 502,352 shares. Brown Brothers Harriman And has invested 0% of its portfolio in LPL Financial Holdings Inc. (NASDAQ:LPLA). Matarin Cap Management Lc stated it has 0.1% of its portfolio in LPL Financial Holdings Inc. (NASDAQ:LPLA). Hightower Advsr Lc accumulated 22,276 shares. Moreover, Hudson Bay Limited Partnership has 0.35% invested in LPL Financial Holdings Inc. (NASDAQ:LPLA). Ahl Prtn Llp invested in 24,182 shares or 0.02% of the stock. First Quadrant L P Ca invested in 0% or 2,143 shares. Eagle Asset Mgmt has 53,011 shares for 0.02% of their portfolio. The Connecticut-based Point72 Asset Limited Partnership has invested 0.21% in LPL Financial Holdings Inc. (NASDAQ:LPLA). Barclays Public Limited Company invested 0% in LPL Financial Holdings Inc. (NASDAQ:LPLA). Ent Ser owns 32 shares for 0% of their portfolio. Philadelphia Financial Management Of San Francisco Limited Liability Corp reported 274,849 shares or 2.32% of all its holdings.

Since February 5, 2018, it had 0 insider buys, and 13 insider sales for $93.03 million activity. Hellman Marco sold $718,476 worth of LPL Financial Holdings Inc. (NASDAQ:LPLA) on Wednesday, February 28. On Friday, February 23 Arnold Dan H. sold $261,061 worth of LPL Financial Holdings Inc. (NASDAQ:LPLA) or 4,004 shares. RIEPE JAMES S sold $353,521 worth of LPL Financial Holdings Inc. (NASDAQ:LPLA) on Friday, March 2. White George Burton also sold $1.64M worth of LPL Financial Holdings Inc. (NASDAQ:LPLA) shares. Morrissey William P. Jr. had sold 20,000 shares worth $1.25 million on Monday, February 5.

LPL Financial Holdings Inc. (NASDAQ:LPLA) Ratings Coverage

Among 8 analysts covering LPL Financial (NASDAQ:LPLA), 6 have Buy rating, 0 Sell and 2 Hold. Therefore 75% are positive. LPL Financial has $90.0 highest and $53 lowest target. $75.75’s average target is 31.01% above currents $57.82 stock price. LPL Financial had 16 analyst reports since October 27, 2017 according to SRatingsIntel. The firm has “Buy” rating given on Monday, February 5 by Credit Suisse. The stock of LPL Financial Holdings Inc. (NASDAQ:LPLA) earned “Buy” rating by Credit Suisse on Thursday, November 30. The rating was maintained by Keefe Bruyette & Woods on Thursday, February 1 with “Buy”. The rating was maintained by JP Morgan on Monday, October 30 with “Neutral”. As per Wednesday, February 7, the company rating was maintained by Morgan Stanley. On Friday, October 27 the stock rating was maintained by SunTrust with “Buy”. Citigroup maintained the shares of LPLA in report on Friday, November 10 with “Buy” rating. As per Wednesday, January 3, the company rating was upgraded by Morgan Stanley. The firm has “Buy” rating by Nomura given on Thursday, November 9. Keefe Bruyette & Woods maintained it with “Buy” rating and $78.0 target in Monday, February 26 report.

The stock increased 0.85% or $0.49 during the last trading session, reaching $57.82. About 137,002 shares traded. LPL Financial Holdings Inc. (NASDAQ:LPLA) has risen 54.79% since April 16, 2017 and is uptrending. It has outperformed by 43.24% the S&P500.

Analysts await LPL Financial Holdings Inc. (NASDAQ:LPLA) to report earnings on April, 26. They expect $0.68 earnings per share, up 3.03 % or $0.02 from last year’s $0.66 per share. LPLA’s profit will be $61.34 million for 21.26 P/E if the $0.68 EPS becomes a reality. After $0.89 actual earnings per share reported by LPL Financial Holdings Inc. for the previous quarter, Wall Street now forecasts -23.60 % negative EPS growth.

LPL Financial Holdings Inc., together with its subsidiaries, provides an integrated platform of brokerage and investment advisory services to independent financial advisors in the United States. The company has market cap of $5.22 billion. The Company’s brokerage offerings include variable and fixed annuities, mutual funds, equities, alternative investments such as non-traded real estate investment trusts and business development companies, retirement and 529 education savings plans, fixed income, and insurance. It has a 22.32 P/E ratio. The company??s fee platforms provide access to mutual funds, exchange-traded funds, stocks, bonds, certain option strategies, unit investment trusts, and institutional money managers and no-load multi-manager variable annuities.

LPL Financial Holdings Inc. (NASDAQ:LPLA) Institutional Positions Chart

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