Noteworthy Price Action: Today LPL Financial Holdings Inc Stock Rises

Noteworthy Price Action: Today LPL Financial Holdings Inc Stock Rises

The stock of LPL Financial Holdings Inc (NASDAQ:LPLA) is a huge mover today! The stock increased 4.40% or $1.26 during the last trading session, hitting $29.91. About 394,673 shares traded hands. LPL Financial Holdings Inc (NASDAQ:LPLA) has risen 40.51% since February 26, 2016 and is uptrending. It has outperformed by 30.09% the S&P500.
The move comes after 6 months positive chart setup for the $2.62 billion company. It was reported on Oct, 1 by Barchart.com. We have $46.96 PT which if reached, will make NASDAQ:LPLA worth $1.49B more.

Analysts await LPL Financial Holdings Inc (NASDAQ:LPLA) to report earnings on November, 3. They expect $0.39 earnings per share, down 23.53% or $0.12 from last year’s $0.51 per share. LPLA’s profit will be $34.16 million for 19.17 P/E if the $0.39 EPS becomes a reality. After $0.53 actual earnings per share reported by LPL Financial Holdings Inc for the previous quarter, Wall Street now forecasts -26.42% negative EPS growth.

LPL Financial Holdings Inc (NASDAQ:LPLA) Ratings Coverage

Out of 8 analysts covering LPL Financial Holdings (NASDAQ:LPLA), 0 rate it a “Buy”, 3 “Sell”, while 5 “Hold”. This means 0 are positive. LPL Financial Holdings has been the topic of 24 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The stock of LPL Financial Holdings Inc (NASDAQ:LPLA) earned “Neutral” rating by Nomura on Monday, July 11. The firm has “Neutral” rating by Citigroup given on Friday, August 14. The stock of LPL Financial Holdings Inc (NASDAQ:LPLA) earned “Neutral” rating by SunTrust on Thursday, June 2. The firm has “Sell” rating by UBS given on Friday, October 2. The stock of LPL Financial Holdings Inc (NASDAQ:LPLA) earned “Sell” rating by Citigroup on Tuesday, January 12. The stock of LPL Financial Holdings Inc (NASDAQ:LPLA) has “Neutral” rating given on Wednesday, March 23 by SunTrust. The stock of LPL Financial Holdings Inc (NASDAQ:LPLA) earned “Underweight” rating by Morgan Stanley on Monday, September 26. The stock of LPL Financial Holdings Inc (NASDAQ:LPLA) has “Market Perform” rating given on Friday, February 12 by Wells Fargo. The firm has “Overweight” rating by JP Morgan given on Monday, November 2. The rating was downgraded by Goldman Sachs to “Sell” on Tuesday, April 5.

According to Zacks Investment Research, “LPL Financial Holdings Inc. is engaged in providing 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, general securities, alternative investments, retirement plans, fixed income, and insurance offerings. LPL Financial Holdings Inc., formerly known as LPL Investment Holdings Inc., is based in Boston, Massachusetts.”

Insitutional Activity: The institutional sentiment increased to 1.23 in 2016 Q2. Its up 0.25, from 0.98 in 2016Q1. The ratio improved, as 30 funds sold all LPL Financial Holdings Inc shares owned while 36 reduced positions. 21 funds bought stakes while 60 increased positions. They now own 92.60 million shares or 0.21% more from 92.40 million shares in 2016Q1.
Engineers Gate Manager Lp accumulated 0.12% or 72,237 shares. Arrowpoint Asset Ltd Limited Liability Company holds 1.38% or 3.03M shares in its portfolio. Utah Retirement System holds 0.01% of its portfolio in LPL Financial Holdings Inc (NASDAQ:LPLA) for 15,676 shares. Victory Mgmt has 8,977 shares for 0% of their US portfolio. Wildcat Capital Mngmt Ltd Liability Com, a Texas-based fund reported 206,647 shares. D E Shaw And Communications accumulated 0% or 57,629 shares. The Illinois-based First Advisors Ltd Partnership has invested 0% in LPL Financial Holdings Inc (NASDAQ:LPLA). Moreover, Ubs Asset Mngmt Americas has 0% invested in LPL Financial Holdings Inc (NASDAQ:LPLA) for 69,328 shares. Hsbc Public Ltd Com accumulated 0% or 11,049 shares. Quantitative Inv Mgmt Llc holds 0.02% of its portfolio in LPL Financial Holdings Inc (NASDAQ:LPLA) for 18,900 shares. Janus Mngmt Limited Liability has invested 0.12% of its portfolio in LPL Financial Holdings Inc (NASDAQ:LPLA). Zacks Invest has 101,159 shares for 0.07% of their US portfolio. Hmi Cap Ltd Co has invested 11.8% of its portfolio in LPL Financial Holdings Inc (NASDAQ:LPLA). Moreover, Ladenburg Thalmann Serv Inc has 0% invested in LPL Financial Holdings Inc (NASDAQ:LPLA) for 1,350 shares. Checchi Advisers Limited Liability Corp last reported 497 shares in the company.

More notable recent LPL Financial Holdings Inc (NASDAQ:LPLA) news were published by: Prnewswire.com which released: “Purcell Julie & Lefkowitz LLP Is Investigating LPL Financial Holdings Inc. for …” on September 01, 2016, also Wsj.com with their article: “Pension Accuses LPL Financial of Fraudulently Favoring Big Shareholder” published on March 23, 2016, Fool.com published: “Why Shares of LPL Financial Holdings Inc. Jumped Today” on February 16, 2016. More interesting news about LPL Financial Holdings Inc (NASDAQ:LPLA) were released by: Fool.com and their article: “Why LPL Financial Holdings Inc. Stock Is Plummeting Today” published on February 12, 2016 as well as Prnewswire.com‘s news article titled: “Robbins Geller Rudman & Dowd LLP Files Class Action Suit Against LPL Financial …” with publication date: March 23, 2016.

LPLA Company Profile

LPL Financial Holdings Inc., incorporated on October 25, 2005, is a broker-dealer, a custodian for registered investment advisors (RIAs) and an independent consultant to retirement plans. The Firm provides a platform of brokerage and investment advisory services to independent financial advisors (its advisors), including financial advisors at approximately 700 financial institutions across the country. The Firm also supports approximately 4,200 financial advisors affiliated and licensed with insurance companies through customized clearing services, advisory platforms and technology solutions. Through its advisors, the Company is a distributor of financial services and products in the United States. The Firm provides its technology and service to advisors through a technology platform that is server and Web-accessible. The Company’s technology offerings are designed to permit its advisors to manage various aspects of their businesses. It automates time-consuming processes, such as account opening and management, document imaging, transaction execution, and account rebalancing.

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