LPL Financial Holdings Inc (NASDAQ:LPLA) Stock Sentiment Worsens

May 17, 2018 - By Jason Grubb

LPL Financial Holdings Inc. (NASDAQ:LPLA) Logo

Sentiment for LPL Financial Holdings Inc (NASDAQ:LPLA)

LPL Financial Holdings Inc (NASDAQ:LPLA) institutional sentiment decreased to 1.02 in Q4 2017. Its down -0.98, from 2 in 2017Q3. The ratio fall, as 105 institutional investors started new or increased equity positions, while 103 sold and reduced their holdings in LPL Financial Holdings Inc. The institutional investors in our partner’s database now have: 81.20 million shares, up from 80.35 million shares in 2017Q3. Also, the number of institutional investors holding LPL Financial Holdings Inc in their top 10 equity positions increased from 8 to 9 for an increase of 1. Sold All: 23 Reduced: 80 Increased: 61 New Position: 44.

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 $6.34 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 27.13 P/E ratio. The companyÂ’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.

The stock increased 1.18% or $0.82 during the last trading session, reaching $70.26. About 775,266 shares traded. LPL Financial Holdings Inc. (NASDAQ:LPLA) has risen 54.79% since May 17, 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 July, 26. They expect $1.20 earnings per share, up 62.16 % or $0.46 from last year’s $0.74 per share. LPLA’s profit will be $108.25 million for 14.64 P/E if the $1.20 EPS becomes a reality. After $1.01 actual earnings per share reported by LPL Financial Holdings Inc. for the previous quarter, Wall Street now forecasts 18.81 % EPS growth.

Wildcat Capital Management Llc holds 12.67% of its portfolio in LPL Financial Holdings Inc. for 208,401 shares. Hmi Capital Llc owns 1.88 million shares or 12.42% of their US portfolio. Moreover, Fairview Capital Investment Management Llc has 11.96% invested in the company for 3.45 million shares. The New York-based Three Corner Global Investors Lp has invested 10.4% in the stock. Spo Advisory Corp, a California-based fund reported 6.96 million shares.

Since January 1, 0001, it had 0 buys, and 15 insider sales for $93.93 million activity.

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

Ratings analysis reveals 67% of LPL Financial’s analysts are positive. Out of 9 Wall Street analysts rating LPL Financial, 6 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $66 while the high is $9200. The stock’s average target of $79.22 is 12.75% above today’s ($70.26) share price. LPLA was included in 14 notes of analysts from November 30, 2017. As per Thursday, November 30, the company rating was initiated by Credit Suisse. The firm has “Hold” rating by Goldman Sachs given on Wednesday, May 16. The rating was upgraded by Morgan Stanley on Wednesday, January 3 to “Equal-Weight”. SunTrust maintained LPL Financial Holdings Inc. (NASDAQ:LPLA) on Friday, February 2 with “Buy” rating. The company was maintained on Thursday, February 1 by Keefe Bruyette & Woods. The firm has “Buy” rating given on Monday, February 5 by Credit Suisse. The firm earned “Neutral” rating on Tuesday, April 24 by JP Morgan. As per Wednesday, February 7, the company rating was maintained by Morgan Stanley. The firm has “Buy” rating given on Friday, February 2 by Nomura. Keefe Bruyette & Woods maintained the shares of LPLA in report on Monday, February 26 with “Buy” rating.

More important recent LPL Financial Holdings Inc. (NASDAQ:LPLA) news were published by: Seekingalpha.com which released: “LPL Financial Holdings (LPLA) Q1 2018 Results – Earnings Call Transcript” on May 04, 2018, also Globenewswire.com published article titled: “LPL Financial and IHT Wealth Management Welcome Ric Kellogg”, Globenewswire.com published: “LPL Financial Announces First Quarter 2018 Results” on May 03, 2018. More interesting news about LPL Financial Holdings Inc. (NASDAQ:LPLA) was released by: Globenewswire.com and their article: “Market Trends Toward New Normal in Echo Global Logistics, TerraForm Power, LPL Financial, ConnectOne, Gevo …” with publication date: May 04, 2018.

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

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