LPL Financial (NASDAQ:LPLA) Stock May Be About to Breakout After Morgan Stanley Upgrades Shares

April 23, 2018 - By Dolores Ford

LPL Financial Holdings Inc. (NASDAQ:LPLA) Logo

Investors sentiment decreased to 1.02 in Q4 2017. Its down 0.98, from 2 in 2017Q3. It dived, as 23 investors sold LPL Financial Holdings Inc. 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.

Teacher Retirement System Of Texas stated it has 27,568 shares. World Asset Management Inc owns 4,621 shares or 0.01% of their US portfolio. 481 were reported by Stratos Wealth Prtnrs Limited. Rhumbline Advisers has invested 0.01% in LPL Financial Holdings Inc. (NASDAQ:LPLA). Minnesota-based Walleye Trading Limited Liability has invested 0% in LPL Financial Holdings Inc. (NASDAQ:LPLA). 543,100 were accumulated by Renaissance Technology Ltd Liability. Art Advsr Limited Co stated it has 22,500 shares. Northwestern Mutual Wealth Mgmt has invested 0% of its portfolio in LPL Financial Holdings Inc. (NASDAQ:LPLA). Citadel Advsr Ltd Liability has invested 0.03% of its portfolio in LPL Financial Holdings Inc. (NASDAQ:LPLA). First Quadrant Limited Partnership Ca accumulated 0% or 2,143 shares. 35,197 are owned by Bluemountain Cap Mngmt Ltd Liability. First Mercantile Tru Co holds 2,911 shares or 0.03% of its portfolio. Spo Advisory Corporation holds 8.25% in LPL Financial Holdings Inc. (NASDAQ:LPLA) or 6.96 million shares. Samlyn Limited Liability Com invested in 1.92M shares. Peak6 Investments Ltd Partnership stated it has 10,367 shares or 0% of all its holdings.

Since February 5, 2018, it had 0 insider buys, and 13 selling transactions for $93.03 million activity. Another trade for 4,004 shares valued at $261,061 was sold by Arnold Dan H.. 20,000 LPL Financial Holdings Inc. (NASDAQ:LPLA) shares with value of $1.25M were sold by Morrissey William P. Jr.. The insider White George Burton sold $1.64M. Hellman Marco sold $13.75M worth of LPL Financial Holdings Inc. (NASDAQ:LPLA) on Monday, February 26. RIEPE JAMES S sold $353,521 worth of stock.

LPL Financial (NASDAQ:LPLA) Stock Upgrade

Trading of shares of LPL Financial (NASDAQ:LPLA) will be interesting to watch this afternoon as Morgan Stanley upped the stock to a Hold.

Investors sentiment decreased to 1.02 in Q4 2017. Its down 0.98, from 2 in 2017Q3. It dived, as 23 investors sold LPL Financial Holdings Inc. 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.

Teacher Retirement System Of Texas stated it has 27,568 shares. World Asset Management Inc owns 4,621 shares or 0.01% of their US portfolio. 481 were reported by Stratos Wealth Prtnrs Limited. Rhumbline Advisers has invested 0.01% in LPL Financial Holdings Inc. (NASDAQ:LPLA). Minnesota-based Walleye Trading Limited Liability has invested 0% in LPL Financial Holdings Inc. (NASDAQ:LPLA). 543,100 were accumulated by Renaissance Technology Ltd Liability. Art Advsr Limited Co stated it has 22,500 shares. Northwestern Mutual Wealth Mgmt has invested 0% of its portfolio in LPL Financial Holdings Inc. (NASDAQ:LPLA). Citadel Advsr Ltd Liability has invested 0.03% of its portfolio in LPL Financial Holdings Inc. (NASDAQ:LPLA). First Quadrant Limited Partnership Ca accumulated 0% or 2,143 shares. 35,197 are owned by Bluemountain Cap Mngmt Ltd Liability. First Mercantile Tru Co holds 2,911 shares or 0.03% of its portfolio. Spo Advisory Corporation holds 8.25% in LPL Financial Holdings Inc. (NASDAQ:LPLA) or 6.96 million shares. Samlyn Limited Liability Com invested in 1.92M shares. Peak6 Investments Ltd Partnership stated it has 10,367 shares or 0% of all its holdings.

Since February 5, 2018, it had 0 insider buys, and 13 selling transactions for $93.03 million activity. Another trade for 4,004 shares valued at $261,061 was sold by Arnold Dan H.. 20,000 LPL Financial Holdings Inc. (NASDAQ:LPLA) shares with value of $1.25M were sold by Morrissey William P. Jr.. The insider White George Burton sold $1.64M. Hellman Marco sold $13.75M worth of LPL Financial Holdings Inc. (NASDAQ:LPLA) on Monday, February 26. RIEPE JAMES S sold $353,521 worth of stock.

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

Among 8 analysts covering LPL Financial (NASDAQ:LPLA), 6 have Buy rating, 0 Sell and 2 Hold. Therefore 75% are positive. LPL Financial has $90.0 highest and $53 lowest target. $75.75’s average target is 23.21% above currents $61.48 stock price. LPL Financial had 16 analyst reports since October 27, 2017 according to SRatingsIntel. The stock has “Buy” rating by Credit Suisse on Monday, February 5. The firm has “Buy” rating by SunTrust given on Friday, February 2. The firm has “Buy” rating given on Friday, October 27 by SunTrust. The firm has “Buy” rating given on Monday, October 30 by Citigroup. As per Wednesday, January 3, the company rating was upgraded by Morgan Stanley. The rating was maintained by Nomura with “Buy” on Friday, February 2. Keefe Bruyette & Woods maintained the shares of LPLA in report on Thursday, February 1 with “Buy” rating. The rating was maintained by JP Morgan on Monday, October 30 with “Neutral”. Keefe Bruyette & Woods maintained it with “Buy” rating and $66.0 target in Thursday, December 21 report. Keefe Bruyette & Woods maintained it with “Buy” rating and $78.0 target in Monday, February 26 report.

The stock increased 0.21% or $0.13 during the last trading session, reaching $61.48. About 58,732 shares traded. LPL Financial Holdings Inc. (NASDAQ:LPLA) has risen 54.79% since April 23, 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 May, 3 after the close. They expect $0.68 earnings per share, up 3.03 % or $0.02 from last year’s $0.66 per share. LPLA’s profit will be $61.34M for 22.60 P/E if the $0.68 EPS becomes a reality. After $0.89 actual earnings per share reported by LPL Financial Holdings Inc. for the previous quarter, Wall Street now forecasts -23.60 % negative EPS growth.

LPL Financial Holdings Inc., together with its subsidiaries, provides an integrated platform of brokerage and investment advisory services to independent financial advisors in the United States. The company has market cap of $5.55 billion. The Company’s brokerage offerings include variable and fixed annuities, mutual funds, equities, alternative investments such as non-traded real estate investment trusts and business development companies, retirement and 529 education savings plans, fixed income, and insurance. It has a 23.74 P/E ratio. The company??s fee platforms provide access to mutual funds, exchange-traded funds, stocks, bonds, certain option strategies, unit investment trusts, and institutional money managers and no-load multi-manager variable annuities.

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

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.