Dividend Coverage: LPL Financial Holdings Inc. (NASDAQ:LPLA) will be paying shareholders dividends of $0.25 on Nov 30, 2016.

Dividend Coverage: LPL Financial Holdings Inc. (NASDAQ:LPLA) will be paying shareholders dividends of $0.25 on Nov 30, 2016.

LPL Financial Holdings Inc. (NASDAQ:LPLA) is expected to pay $0.25 on Nov 30, 2016. The indicated annual dividend is $1.00. Shareholders owning the stock before Nov 14, 2016 will be eligible to receive the payout. Based on LPL Financial Holdings Inc.’s current price of $37.00, the dividend is 0.68%. This dividend’s record date is Nov 16, 2016 and the announcement date is Nov 4, 2016. The stock decreased 1.28% or $0.48 on November 11, hitting $37. About 1.03 million shares traded hands. LPL Financial Holdings Inc (NASDAQ:LPLA) has risen 50.47% since April 12, 2016 and is uptrending. It has outperformed by 45.48% the S&P500.

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 $3.26 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 18.93 P/E ratio. Through its advisors, the Company is a distributor of financial services and products in the United States.

Insitutional Activity: The institutional sentiment increased to 1.23 in Q2 2016. 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.
California Employees Retirement Systems has 206,200 shares for 0.01% of their US portfolio. Blackrock Institutional Na holds 0.01% or 2.03M shares in its portfolio. Thrivent Fincl For Lutherans owns 81,310 shares or 0.01% of their US portfolio. Deutsche Comml Bank Ag holds 0% or 55,399 shares in its portfolio. Cadence Cap Mngmt Ltd Liability last reported 20,478 shares in the company. Ubs Asset Mgmt Americas Inc last reported 0% of its portfolio in the stock. Tpg Group Holdings (Sbs) Advsr last reported 2.12% of its portfolio in the stock. First Tru Advisors L P owns 68,116 shares or 0% of their US portfolio. Shell Asset Mgmt last reported 33,201 shares in the company. Citadel Advisors Limited Liability Co owns 48,252 shares or 0% of their US portfolio. Creative Planning accumulated 471 shares or 0% of the stock. Bokf Na reported 9,127 shares or 0.01% of all its holdings. Raymond James Trust Na holds 0.03% of its portfolio in LPL Financial Holdings Inc (NASDAQ:LPLA) for 15,864 shares. Cornerstone Capital Holding Ltd Liability holds 0.04% or 197,339 shares in its portfolio. New York State Common Retirement Fund last reported 0.01% of its portfolio in the stock.

LPL Financial Holdings Inc (NASDAQ:LPLA) Ratings Coverage

Out of 9 analysts covering LPL Financial Holdings (NASDAQ:LPLA), 0 rate it a “Buy”, 2 “Sell”, while 7 “Hold”. This means 0 are positive. $49 is the highest target while $21 is the lowest. The $30.65 average target is -17.16% below today’s ($37) stock price. LPL Financial Holdings has been the topic of 26 analyst reports since August 6, 2015 according to StockzIntelligence Inc. SunTrust maintained the shares of LPLA in a report on Thursday, June 2 with “Neutral” rating. The stock of LPL Financial Holdings Inc (NASDAQ:LPLA) earned “Neutral” rating by SunTrust on Wednesday, March 23. The firm has “Neutral” rating given on Wednesday, October 12 by JP Morgan. The firm has “Neutral” rating by Credit Suisse given on Friday, February 12. The stock of LPL Financial Holdings Inc (NASDAQ:LPLA) has “Neutral” rating given on Friday, August 14 by Citigroup. On Monday, April 4 the stock rating was maintained by Nomura with “Neutral”. The stock of LPL Financial Holdings Inc (NASDAQ:LPLA) earned “Underweight” rating by Morgan Stanley on Monday, September 26. On Tuesday, January 12 the stock rating was downgraded by Citigroup to “Sell”. Citigroup maintained it with “Neutral” rating and $28.50 target price in Friday, May 27 report. The stock of LPL Financial Holdings Inc (NASDAQ:LPLA) has “Market Perform” rating given on Friday, February 12 by Wells Fargo.

More important recent LPL Financial Holdings Inc (NASDAQ:LPLA) news were published by: Nasdaq.com which released: “LPL Financial Holdings Inc. (LPLA) Ex-Dividend Date Scheduled for November 14 …” on November 11, 2016, also Investmentnews.com published article titled: “LPL Financial mum on potential sale talks”, Prnewswire.com published: “Purcell Julie & Lefkowitz LLP Is Investigating LPL Financial Holdings Inc. for …” on September 01, 2016. More interesting news about LPL Financial Holdings Inc (NASDAQ:LPLA) was released by: Marketwatch.com and their article: “LPL Financial shares jump on report company is exploring a possible sale” with publication date: October 11, 2016.

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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