Notable Mover: What’s Ahead for LPL Financial Holdings Inc After Today’s Big Decline?

Notable Mover: What's Ahead for LPL Financial Holdings Inc After Today's Big Decline?

The stock of LPL Financial Holdings Inc (NASDAQ:LPLA) is a huge mover today! About 1.58M shares traded hands or 155.65% up from the average. LPL Financial Holdings Inc (NASDAQ:LPLA) has risen 59.31% since March 9, 2016 and is uptrending. It has outperformed by 51.90% the S&P500.
The move comes after 7 months negative chart setup for the $2.98 billion company. It was reported on Oct, 12 by Barchart.com. We have $29.48 PT which if reached, will make NASDAQ:LPLA worth $178.80 million less.

Analysts await LPL Financial Holdings Inc (NASDAQ:LPLA) to report earnings on November, 3. They expect $0.39 EPS, down 23.53% or $0.12 from last year’s $0.51 per share. LPLA’s profit will be $37.06 million for 20.10 P/E if the $0.39 EPS becomes a reality. After $0.53 actual EPS 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. Citigroup maintained it with “Neutral” rating and $28.50 target price in Friday, May 27 report. The rating was downgraded by UBS on Friday, October 2 to “Sell”. On Wednesday, March 23 the stock rating was initiated by SunTrust with “Neutral”. The firm has “Neutral” rating by Credit Suisse given on Friday, February 12. Goldman Sachs downgraded LPL Financial Holdings Inc (NASDAQ:LPLA) on Tuesday, April 5 to “Sell” rating. The company was maintained on Friday, March 18 by Credit Suisse. The stock of LPL Financial Holdings Inc (NASDAQ:LPLA) has “Neutral” rating given on Thursday, June 2 by SunTrust. JP Morgan maintained LPL Financial Holdings Inc (NASDAQ:LPLA) on Monday, November 2 with “Overweight” rating. The firm earned “Neutral” rating on Monday, April 4 by Nomura. The firm has “Neutral” rating by Nomura given on Monday, July 11.

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.
The New York-based Amer Intll Gru has invested 0% in LPL Financial Holdings Inc (NASDAQ:LPLA). Arrowpoint Asset Management has 3.03 million shares for 1.38% of their US portfolio. Spo Advisory reported 8.63 million shares or 3.89% of all its holdings. Citadel Advsr Lc has 0% invested in the company for 48,252 shares. Gsa Cap Prtnrs Limited Liability Partnership, a United Kingdom-based fund reported 67,578 shares. Private Advisor Group Ltd Liability Company has invested 0.01% of its portfolio in LPL Financial Holdings Inc (NASDAQ:LPLA). Hsbc Hldg Pcl reported 11,049 shares or 0% of all its holdings. New York State Common Retirement Fund has 203,900 shares for 0.01% of their US portfolio. Employees Retirement Association Of Colorado last reported 0% of its portfolio in the stock. Wfg L P has 5,758 shares for 0.03% of their US portfolio. Teachers Advsrs Inc last reported 124,253 shares in the company. Walleye Trading Lc last reported 14,763 shares in the company. Tiaa Cref Investment Limited Liability Company, a New York-based fund reported 377,473 shares. Swiss Bank holds 126,800 shares or 0% of its portfolio. Nomura Asset Management Communication Limited holds 0% of its portfolio in LPL Financial Holdings Inc (NASDAQ:LPLA) for 2,870 shares.

More important recent LPL Financial Holdings Inc (NASDAQ:LPLA) news were published by: Reuters.com which released: “Exclusive: LPL Financial exploring a sale – sources” on October 11, 2016, also Marketwatch.com published article titled: “LPL Financial shares jump on report company is exploring a possible sale”, Nasdaq.com published: “LPL Financial Announces Third Quarter 2016 Earnings Release Date and …” on October 04, 2016. More interesting news about LPL Financial Holdings Inc (NASDAQ:LPLA) was released by: Twst.com and their article: “LPL Financial Holdings Inc.: LPL Financial Reports Monthly Activity for August …” with publication date: September 13, 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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