The stock of LPL Financial Holdings Inc (NASDAQ:LPLA) is a huge mover today! About 673,766 shares traded hands. LPL Financial Holdings Inc (NASDAQ:LPLA) has risen 24.49% since April 4, 2016 and is uptrending. It has outperformed by 23.40% the S&P500.
The move comes after 7 months positive chart setup for the $2.83B company. It was reported on Nov, 4 by Barchart.com. We have $39.70 PT which if reached, will make NASDAQ:LPLA worth $650.90M more.
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. As per Wednesday, October 12, the company rating was downgraded by JP Morgan. Nomura maintained it with “Neutral” rating and $28 target price in Monday, April 4 report. The company was maintained on Thursday, June 2 by SunTrust. The firm has “Sell” rating given on Tuesday, January 12 by Citigroup. Citigroup maintained LPL Financial Holdings Inc (NASDAQ:LPLA) on Friday, August 14 with “Neutral” rating. Nomura maintained the shares of LPLA in a report on Monday, July 11 with “Neutral” rating. On Friday, February 12 the stock rating was maintained by Credit Suisse with “Neutral”. As per Friday, March 18, the company rating was maintained by Credit Suisse. The rating was maintained by Citigroup on Friday, May 27 with “Neutral”. The stock has “Neutral” rating given by Credit Suisse on Monday, August 22.
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.
Utah Retirement last reported 0.01% of its portfolio in the stock. Teacher Retirement System Of Texas has 10,634 shares for 0% of their US portfolio. Tpg Grp (Sbs) Advisors Inc last reported 8.57M shares in the company. State Of Wisconsin Investment Board last reported 55,931 shares in the company. Diam Ltd accumulated 77,171 shares or 0.03% of the stock. Raymond James Trust Na holds 0.03% or 15,864 shares in its portfolio. Dragoneer Investment Grp Inc Ltd Llc accumulated 10.02% or 1.76M shares. The New York-based Rafferty Asset Management Llc has invested 0.01% in LPL Financial Holdings Inc (NASDAQ:LPLA). Fairview Cap Invest Mgmt Ltd last reported 10.69% of its portfolio in the stock. The New York-based Citigroup has invested 0% in LPL Financial Holdings Inc (NASDAQ:LPLA). First Pacific Advisors Limited Com last reported 4.57M shares in the company. Moreover, Bluecrest Management has 0.03% invested in LPL Financial Holdings Inc (NASDAQ:LPLA) for 36,643 shares. Schwab Charles Invest Management holds 287,412 shares or 0.01% of its portfolio. Sta Wealth Mngmt Ltd Limited Liability Company last reported 15,187 shares in the company. Northern Tru reported 356,833 shares or 0% of all its holdings.
More news for LPL Financial Holdings Inc (NASDAQ:LPLA) were recently published by: Investmentnews.com, which released: “LPL Financial mum on potential sale talks” on November 02, 2016. Reuters.com‘s article titled: “Exclusive: LPL Financial exploring a sale – sources” and published on October 11, 2016 is yet another important article.
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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