Clarkston Capital Partners LLC Lowered Position in Lpl Finl Hldgs INC (LPLA) by $6.21 Million

May 20, 2018 - By Maria Brooks

LPL Financial Holdings Inc. (NASDAQ:LPLA) LogoInvestors sentiment decreased to 1.02 in Q4 2017. Its down 0.98, from 2 in 2017Q3. It worsened, as 23 investors sold LPLA shares while 80 reduced holdings. 44 funds opened positions while 61 raised stakes. 81.20 million shares or 1.06% more from 80.35 million shares in 2017Q3 were reported. Pnc Fincl has 0% invested in LPL Financial Holdings Inc. (NASDAQ:LPLA). Frontier Management Company Ltd Llc holds 0.21% of its portfolio in LPL Financial Holdings Inc. (NASDAQ:LPLA) for 502,352 shares. Amalgamated National Bank, New York-based fund reported 17,666 shares. Schwab Charles Investment Mngmt reported 0.02% in LPL Financial Holdings Inc. (NASDAQ:LPLA). 1.88 million were accumulated by Hmi Cap Limited Liability Co. M&T Bankshares Corporation reported 4,323 shares stake. Fairview Cap Mngmt Ltd, a California-based fund reported 3.45 million shares. Envestnet Asset Mgmt Inc stated it has 1,064 shares or 0% of all its holdings. Eam Invsts Ltd Limited Liability Company has invested 0.36% in LPL Financial Holdings Inc. (NASDAQ:LPLA). Cap Fund Mngmt invested 0.06% in LPL Financial Holdings Inc. (NASDAQ:LPLA). Moreover, Price T Rowe Assocs Inc Md has 0.01% invested in LPL Financial Holdings Inc. (NASDAQ:LPLA) for 1.07 million shares. 37,548 were reported by Pub Employees Retirement Of Ohio. Moreover, Alliancebernstein LP has 0% invested in LPL Financial Holdings Inc. (NASDAQ:LPLA) for 51,633 shares. The New York-based Blackrock has invested 0.01% in LPL Financial Holdings Inc. (NASDAQ:LPLA). Hightower Advsrs Limited Com holds 22,276 shares.

Since February 5, 2018, it had 0 insider purchases, and 15 insider sales for $93.93 million activity. 6,050 shares were sold by Oroschakoff Michelle, worth $420,959 on Friday, May 11. Shares for $151,395 were sold by Kalbaugh John Andrew on Wednesday, March 7. On Tuesday, March 13 the insider White George Burton sold $1.64M. Morrissey William P. Jr. had sold 20,000 shares worth $1.25M. $711,159 worth of LPL Financial Holdings Inc. (NASDAQ:LPLA) was sold by Arnold Dan H. on Wednesday, March 7. Calder Tracy had sold 7,388 shares worth $476,822.

Clarkston Capital Partners Llc decreased its stake in Lpl Finl Hldgs Inc (LPLA) by 4.71% based on its latest 2017Q4 regulatory filing with the SEC. Clarkston Capital Partners Llc sold 108,885 shares as the company’s stock rose 3.07% while stock markets declined. The institutional investor held 2.20 million shares of the investment bankers and brokers and service company at the end of 2017Q4, valued at $125.82 million, down from 2.31 million at the end of the previous reported quarter. Clarkston Capital Partners Llc who had been investing in Lpl Finl Hldgs Inc for a number of months, seems to be less bullish one the $6.36 billion market cap company. The stock increased 0.57% or $0.4 during the last trading session, reaching $70.47. About 624,863 shares traded. LPL Financial Holdings Inc. (NASDAQ:LPLA) has risen 54.79% since May 20, 2017 and is uptrending. It has outperformed by 43.24% the S&P500.

Analysts await LPL Financial Holdings Inc. (NASDAQ:LPLA) to report earnings on July, 26. They expect $1.20 earnings per share, up 62.16 % or $0.46 from last year’s $0.74 per share. LPLA’s profit will be $108.25 million for 14.68 P/E if the $1.20 EPS becomes a reality. After $1.01 actual earnings per share reported by LPL Financial Holdings Inc. for the previous quarter, Wall Street now forecasts 18.81 % EPS growth.

More notable recent LPL Financial Holdings Inc. (NASDAQ:LPLA) news were published by: Globenewswire.com which released: “Market Trends Toward New Normal in Echo Global Logistics, TerraForm Power, LPL Financial, ConnectOne, Gevo …” on May 04, 2018, also Globenewswire.com with their article: “LPL Financial and IHT Wealth Management Welcome Ric Kellogg” published on April 24, 2018, Streetinsider.com published: “Goldman Sachs Downgrades LPL Investment (LPLA) to Neutral Citing Limited Upside from Current Levels” on May 16, 2018. More interesting news about LPL Financial Holdings Inc. (NASDAQ:LPLA) were released by: Globenewswire.com and their article: “LPL Financial Announces First Quarter 2018 Results” published on May 03, 2018 as well as Seekingalpha.com‘s news article titled: “LPL Financial Holdings (LPLA) Q1 2018 Results – Earnings Call Transcript” with publication date: May 04, 2018.

LPL Financial Holdings Inc. (NASDAQ:LPLA) Ratings Coverage

Among 9 analysts covering LPL Financial (NASDAQ:LPLA), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. LPL Financial had 14 analyst reports since November 30, 2017 according to SRatingsIntel. As per Monday, February 5, the company rating was maintained by Credit Suisse. The stock has “Equal-Weight” rating by Morgan Stanley on Wednesday, January 3. Credit Suisse maintained the stock with “Buy” rating in Tuesday, May 8 report. Goldman Sachs downgraded the shares of LPLA in report on Wednesday, May 16 to “Hold” rating. Nomura maintained LPL Financial Holdings Inc. (NASDAQ:LPLA) rating on Friday, February 2. Nomura has “Buy” rating and $84 target. As per Friday, February 2, the company rating was maintained by SunTrust. Keefe Bruyette & Woods maintained LPL Financial Holdings Inc. (NASDAQ:LPLA) rating on Thursday, December 21. Keefe Bruyette & Woods has “Buy” rating and $66.0 target. The rating was maintained by Morgan Stanley on Wednesday, February 7 with “Equal-Weight”. The company was maintained on Thursday, February 1 by Keefe Bruyette & Woods. The rating was initiated by Credit Suisse on Thursday, November 30 with “Buy”.

LPL Financial Holdings Inc. (NASDAQ:LPLA) Institutional Positions Chart

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