Is LPL Financial Holdings Inc a Buy? The Stock Had Bullish Options Activity Today

 Is LPL Financial Holdings Inc a Buy? The Stock Had Bullish Options Activity Today

In today’s session LPL Financial Holdings Inc (LPLA) registered an unusually high (351) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious LPLA increase. With 351 contracts traded and 32614 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: LPLA161118C00033000 closed last at: $2.85 or 200% up. About 180,327 shares traded hands. LPL Financial Holdings Inc (NASDAQ:LPLA) has risen 48.32% since March 10, 2016 and is uptrending. It has outperformed by 40.80% the S&P500.

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 $32.95M for 19.72 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 9 analysts covering LPL Financial Holdings (NASDAQ:LPLA), 0 rate it a “Buy”, 3 “Sell”, while 6 “Hold”. This means 0 are positive. LPL Financial Holdings has been the topic of 25 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The stock has “Neutral” rating given by Citigroup on Friday, May 27. Nomura maintained the stock with “Neutral” rating in Monday, April 4 report. Citigroup downgraded the stock to “Sell” rating in Tuesday, January 12 report. The stock has “Neutral” rating given by SunTrust on Wednesday, March 23. Goldman Sachs downgraded the stock to “Sell” rating in Tuesday, April 5 report. Morgan Stanley initiated LPL Financial Holdings Inc (NASDAQ:LPLA) rating on Monday, September 26. Morgan Stanley has “Underweight” rating and $27 price target. The stock has “Neutral” rating given by JP Morgan on Wednesday, October 12. Credit Suisse downgraded the stock to “Neutral” rating in Monday, August 22 report. The stock has “Sell” rating given by UBS on Friday, October 2. The company was downgraded on Friday, February 12 by Wells Fargo.

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 increased, 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.
Fpr Limited Com has 6.51% invested in the company for 11.97M shares. Pub Employees Retirement Association Of Colorado holds 0% of its portfolio in LPL Financial Holdings Inc (NASDAQ:LPLA) for 2,758 shares. Moreover, Franklin has 0% invested in LPL Financial Holdings Inc (NASDAQ:LPLA) for 112,050 shares. National Bank Of New York Mellon, a New York-based fund reported 408,174 shares. The Massachusetts-based Eaton Vance has invested 0.01% in LPL Financial Holdings Inc (NASDAQ:LPLA). Blackrock Limited Liability holds 47,412 shares or 0% of its portfolio. Moreover, Fairview Capital Invest Mngmt Limited Liability has 10.69% invested in LPL Financial Holdings Inc (NASDAQ:LPLA) for 5.84M shares. Hsbc Holding Public Limited Company holds 0% of its portfolio in LPL Financial Holdings Inc (NASDAQ:LPLA) for 11,049 shares. Nuveen Asset Mgmt Ltd Liability Com has 0.01% invested in the company for 48,048 shares. First Pacific Advsr Ltd accumulated 4.57M shares or 0.87% of the stock. Bancorp Of America Corporation De accumulated 270,962 shares or 0% of the stock. Financial Bank Of The West holds 15,950 shares or 0.05% of its portfolio. Cornerstone Capital Mgmt Lc accumulated 197,339 shares or 0.04% of the stock. Principal Fincl Gru, a Iowa-based fund reported 17,085 shares. Voya Investment Mgmt Ltd Llc last reported 29,503 shares in the company.

LPL Financial Holdings Inc. is a broker-dealer, a custodian for registered investment advisors and an independent consultant to retirement plans. The company has a market cap of $2.60 billion. 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. It has a 17.07 P/E ratio. Through its advisors, the Company is a distributor of financial services and products in the United States.

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.

More 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 the news titled: “LPL Financial shares jump on report company is exploring a possible sale” on October 11, 2016. Twst.com‘s news article titled: “LPL Financial Holdings Inc.: LPL Financial Reports Monthly Activity for August …” with publication date: September 13, 2016 was also an interesting one.

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