LPL Financial Holdings (NASDAQ:LPLA): Citigroup Reaffirms “Buy” Rating Today, Has a Target of $65/Share

November 23, 2017 - By Kurt Siggers

 LPL Financial Holdings (NASDAQ:LPLA): Citigroup Reaffirms

Investors sentiment decreased to 1.27 in Q2 2017. Its down 0.05, from 1.32 in 2017Q1. It worsened, as 21 investors sold LPL Financial Holdings Inc shares while 56 reduced holdings. 36 funds opened positions while 62 raised stakes. 80.24 million shares or 0.73% less from 80.83 million shares in 2017Q1 were reported.

Arrowmark Colorado Hldg Llc holds 1.83% of its portfolio in LPL Financial Holdings Inc (NASDAQ:LPLA) for 3.48M shares. Massachusetts-based Rhumbline Advisers has invested 0.01% in LPL Financial Holdings Inc (NASDAQ:LPLA). Waratah Advsr Limited has 12,979 shares for 0.08% of their portfolio. 208,700 were reported by California Public Employees Retirement Systems. Vident Inv Advisory Limited invested in 63,853 shares. First Quadrant Limited Partnership Ca invested 0% in LPL Financial Holdings Inc (NASDAQ:LPLA). Chicago Equity Prtnrs Ltd Liability, Illinois-based fund reported 13,820 shares. Citadel Ltd Company owns 184,104 shares. Proshare Advsrs Limited Liability reported 11,558 shares. Blackrock reported 0.01% in LPL Financial Holdings Inc (NASDAQ:LPLA). Pdts Prns Ltd Liability Company invested in 0.2% or 117,100 shares. Hanseatic Mgmt stated it has 0.42% of its portfolio in LPL Financial Holdings Inc (NASDAQ:LPLA). Wfg Advsr L P accumulated 0% or 500 shares. Comml Bank Of Mellon, a New York-based fund reported 509,294 shares. Sawgrass Asset Mgmt Ltd Liability Corporation invested 0.01% of its portfolio in LPL Financial Holdings Inc (NASDAQ:LPLA).

Since June 2, 2017, it had 0 insider purchases, and 1 insider sale for $1.26 million activity.

LPL Financial Holdings (NASDAQ:LPLA) Rating Reaffirmed

In a report published this morning, Citigroup reaffirmed their “Buy” rating on LPL Financial Holdings (NASDAQ:LPLA) shares. The target would suggest a possible upside of 30.18 % from company’s current price.

Investors sentiment decreased to 1.27 in Q2 2017. Its down 0.05, from 1.32 in 2017Q1. It worsened, as 21 investors sold LPL Financial Holdings Inc shares while 56 reduced holdings. 36 funds opened positions while 62 raised stakes. 80.24 million shares or 0.73% less from 80.83 million shares in 2017Q1 were reported.

Arrowmark Colorado Hldg Llc holds 1.83% of its portfolio in LPL Financial Holdings Inc (NASDAQ:LPLA) for 3.48M shares. Massachusetts-based Rhumbline Advisers has invested 0.01% in LPL Financial Holdings Inc (NASDAQ:LPLA). Waratah Advsr Limited has 12,979 shares for 0.08% of their portfolio. 208,700 were reported by California Public Employees Retirement Systems. Vident Inv Advisory Limited invested in 63,853 shares. First Quadrant Limited Partnership Ca invested 0% in LPL Financial Holdings Inc (NASDAQ:LPLA). Chicago Equity Prtnrs Ltd Liability, Illinois-based fund reported 13,820 shares. Citadel Ltd Company owns 184,104 shares. Proshare Advsrs Limited Liability reported 11,558 shares. Blackrock reported 0.01% in LPL Financial Holdings Inc (NASDAQ:LPLA). Pdts Prns Ltd Liability Company invested in 0.2% or 117,100 shares. Hanseatic Mgmt stated it has 0.42% of its portfolio in LPL Financial Holdings Inc (NASDAQ:LPLA). Wfg Advsr L P accumulated 0% or 500 shares. Comml Bank Of Mellon, a New York-based fund reported 509,294 shares. Sawgrass Asset Mgmt Ltd Liability Corporation invested 0.01% of its portfolio in LPL Financial Holdings Inc (NASDAQ:LPLA).

Since June 2, 2017, it had 0 insider purchases, and 1 insider sale for $1.26 million activity.

LPL Financial Holdings Inc (NASDAQ:LPLA) Ratings Coverage

Among 10 analysts covering LPL Financial Holdings (NASDAQ:LPLA), 4 have Buy rating, 1 Sell and 5 Hold. Therefore 40% are positive. LPL Financial Holdings has $65.0 highest and $21 lowest target. $45.60’s average target is -8.67% below currents $49.93 stock price. LPL Financial Holdings had 37 analyst reports since August 6, 2015 according to SRatingsIntel. Wells Fargo downgraded LPL Financial Holdings Inc (NASDAQ:LPLA) on Friday, February 12 to “Market Perform” rating. The stock of LPL Financial Holdings Inc (NASDAQ:LPLA) has “Neutral” rating given on Wednesday, March 23 by SunTrust. The rating was maintained by Morgan Stanley with “Underweight” on Thursday, October 5. The rating was maintained by SunTrust on Thursday, June 2 with “Neutral”. The firm has “Outperform” rating given on Friday, March 18 by Credit Suisse. The stock of LPL Financial Holdings Inc (NASDAQ:LPLA) has “Neutral” rating given on Friday, August 14 by Citigroup. Nomura maintained LPL Financial Holdings Inc (NASDAQ:LPLA) rating on Thursday, November 9. Nomura has “Buy” rating and $65 target. Citigroup downgraded the stock to “Sell” rating in Tuesday, January 12 report. The rating was maintained by JP Morgan with “Overweight” on Monday, November 2. As per Friday, October 2, the company rating was downgraded by UBS.

The stock decreased 0.87% or $0.44 on November 22, reaching $49.93. About shares traded. LPL Financial Holdings Inc (NASDAQ:LPLA) has risen 64.23% since November 23, 2016 and is uptrending. It has outperformed by 47.53% the S&P500.

Analysts await LPL Financial Holdings Inc (NASDAQ:LPLA) to report earnings on February, 8. They expect $0.41 EPS, down 10.87 % or $0.05 from last year’s $0.46 per share. LPLA’s profit will be $36.95 million for 30.45 P/E if the $0.41 EPS becomes a reality. After $0.63 actual EPS reported by LPL Financial Holdings Inc for the previous quarter, Wall Street now forecasts -34.92 % negative EPS growth.

LPL Financial Holdings Inc. is a broker-dealer, a custodian for registered investment advisors and an independent consultant to retirement plans. The company has market cap of $4.50 billion. The Firm provides a platform of brokerage and investment advisory services to independent financial advisors, including financial advisors at financial institutions across the country. It has a 21.17 P/E ratio. It also supported approximately 4,000 financial advisors, affiliated and licensed with insurance companies through customized clearing services, advisory platforms and technology solutions, as of December 31, 2016.

More notable recent LPL Financial Holdings Inc (NASDAQ:LPLA) news were published by: Nasdaq.com which released: “Zweig-DiMenna Associates LLC Buys JD.com Inc, LPL Financial Holdings Inc …” on November 06, 2017, also Globenewswire.com with their article: “LPL Financial Announces Third Quarter 2017 Results” published on October 26, 2017, Globenewswire.com published: “LPL Financial Reports Monthly Activity for October 2017” on November 16, 2017. More interesting news about LPL Financial Holdings Inc (NASDAQ:LPLA) were released by: Seekingalpha.com and their article: “LPL Financial Holdings’ (LPLA) CEO Dan Arnold on Q3 2017 Results – Earnings …” published on October 28, 2017 as well as Globenewswire.com‘s news article titled: “LPL Financial Provides Update on Third Quarter 2017 Advisor Recruiting” with publication date: November 10, 2017.

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