Stock of The Day: LPL Financial Holdings Inc Has Another Very Strong Trading Session

Stock of The Day: LPL Financial Holdings Inc Has Another Very Strong Trading Session

The stock of LPL Financial Holdings Inc (NASDAQ:LPLA) is a huge mover today! About 1.52 million shares traded hands or 46.15% up from the average. LPL Financial Holdings Inc (NASDAQ:LPLA) has risen 57.07% since April 8, 2016 and is uptrending. It has outperformed by 51.43% the S&P500.
The move comes after 7 months positive chart setup for the $3.65B company. It was reported on Nov, 10 by Barchart.com. We have $45.63 PT which if reached, will make NASDAQ:LPLA worth $803.00M 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. The firm earned “Neutral” rating on Wednesday, March 23 by SunTrust. The rating was downgraded by Goldman Sachs to “Sell” on Tuesday, April 5. The firm earned “Neutral” rating on Monday, April 4 by Nomura. The stock of LPL Financial Holdings Inc (NASDAQ:LPLA) earned “Neutral” rating by Nomura on Monday, July 11. The stock of LPL Financial Holdings Inc (NASDAQ:LPLA) has “Sell” rating given on Friday, October 2 by UBS. As per Tuesday, January 12, the company rating was downgraded by Citigroup. JP Morgan downgraded LPL Financial Holdings Inc (NASDAQ:LPLA) on Wednesday, October 12 to “Neutral” rating. The company was maintained on Friday, March 18 by Credit Suisse. The firm has “Neutral” rating by Credit Suisse given on Monday, August 22. The company was maintained on Friday, August 14 by Citigroup.

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 is positive, 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.
Susquehanna Interest Gp Ltd Liability Partnership reported 18,403 shares or 0% of all its holdings. The Illinois-based Zacks has invested 0.07% in LPL Financial Holdings Inc (NASDAQ:LPLA). Schwab Charles Inc owns 287,412 shares or 0.01% of their US portfolio. Raymond James Assocs owns 502,794 shares or 0.04% of their US portfolio. Balyasny Asset Mngmt Limited Co holds 0% of its portfolio in LPL Financial Holdings Inc (NASDAQ:LPLA) for 13,230 shares. Citigroup last reported 0% of its portfolio in the stock. Da Davidson has 140 shares for 0% of their US portfolio. The New York-based Jpmorgan Chase has invested 0% in LPL Financial Holdings Inc (NASDAQ:LPLA). Utah Retirement accumulated 0.01% or 15,676 shares. Hmi Cap Ltd Limited Liability Company reported 2.78M shares or 11.8% of all its holdings. Janus Cap Mgmt Lc holds 6.49M shares or 0.12% of its portfolio. Northern Tru holds 356,833 shares or 0% of its portfolio. New York State Common Retirement Fund last reported 0.01% of its portfolio in the stock. Lpl Fincl Limited Liability, a California-based fund reported 45,349 shares. Federated Invsts Pa last reported 0.01% of its portfolio in the stock.

More news for LPL Financial Holdings Inc (NASDAQ:LPLA) were recently published by: Wsj.com, which released: “LPL Profit Climbs Despite Lower Commission, Fees” 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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