Confidence in LPL Financial (LPLA) Shares by Goldman Sachs Fall.

May 16, 2018 - By Vivian Park

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 dived, 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.

Price T Rowe Associates Md stated it has 0.01% of its portfolio in LPL Financial Holdings Inc. (NASDAQ:LPLA). Yorktown Mgmt Rech owns 31,915 shares. Cypress Cap Management Llc (Wy), a Wyoming-based fund reported 9,965 shares. 18,200 were accumulated by State Of Wisconsin Investment Board. 208,401 were accumulated by Wildcat Cap Ltd Liability. Envestnet Asset Incorporated reported 0% stake. National Bank Of The West accumulated 14,750 shares. Panagora Asset Management holds 0.1% in LPL Financial Holdings Inc. (NASDAQ:LPLA) or 452,182 shares. State Street Corporation reported 0.01% stake. California Public Employees Retirement System owns 0.02% invested in LPL Financial Holdings Inc. (NASDAQ:LPLA) for 216,932 shares. Brown Brothers Harriman Co invested in 0% or 7,700 shares. M&T Financial Bank Corp owns 4,323 shares for 0% of their portfolio. Meeder Asset Management stated it has 1,096 shares. Moreover, Advisory Services Networks Ltd Liability Company has 0% invested in LPL Financial Holdings Inc. (NASDAQ:LPLA) for 467 shares. New York-based Alliancebernstein Limited Partnership has invested 0% in LPL Financial Holdings Inc. (NASDAQ:LPLA).

Since February 5, 2018, it had 0 insider purchases, and 14 sales for $93.51 million activity. Hellman Marco also sold $1.86M worth of LPL Financial Holdings Inc. (NASDAQ:LPLA) shares. $180,213 worth of LPL Financial Holdings Inc. (NASDAQ:LPLA) was sold by Kalbaugh John Andrew on Friday, February 23. $1.25M worth of LPL Financial Holdings Inc. (NASDAQ:LPLA) was sold by Morrissey William P. Jr.. Shares for $1.64 million were sold by White George Burton. 5,632 shares valued at $353,521 were sold by RIEPE JAMES S on Friday, March 2. Calder Tracy sold $476,822 worth of LPL Financial Holdings Inc. (NASDAQ:LPLA) on Monday, May 7.

LPL Financial (LPLA) Receives a Downgrade

It appears that trading for shares of LPL Financial (LPLA) will be interesting to watch today. Goldman Sachs downgraded the stock from their past “Buy” rating to a more current “Neutral”.

The stock decreased 0.09% or $0.06 during the last trading session, reaching $69.69. About 936,771 shares traded or 1.06% up from the average. LPL Financial Holdings Inc. (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 $108.24M for 14.52 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.

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 $6.29 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 26.91 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.

More notable recent LPL Financial Holdings Inc. (NASDAQ:LPLA) news were published by: Globenewswire.com which released: “LPL Financial Announces First Quarter 2018 Results” on May 03, 2018, also Seekingalpha.com with their article: “LPL Financial Holdings (LPLA) Q1 2018 Results – Earnings Call Transcript” published on May 04, 2018, Globenewswire.com published: “Market Trends Toward New Normal in Echo Global Logistics, TerraForm Power, LPL Financial, ConnectOne, Gevo …” on May 04, 2018. More interesting news about LPL Financial Holdings Inc. (NASDAQ:LPLA) were released by: Globenewswire.com and their article: “LPL Financial and IHT Wealth Management Welcome Ric Kellogg” published on April 24, 2018 as well as Nasdaq.com‘s news article titled: “LPL Financial and 626 Financial Welcome Tom Anderton and Ryan Howard” with publication date: April 26, 2018.

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

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