Junto Capital Management LP Cut Its Lpl Finl Hldgs INC (LPLA) Holding by $16.47 Million; Shares Rose

May 17, 2018 - By Michael Taylor

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. Legal And General Public Limited Company has 0% invested in LPL Financial Holdings Inc. (NASDAQ:LPLA). Soros Fund Management Limited Liability invested 0.19% in LPL Financial Holdings Inc. (NASDAQ:LPLA). Hightower Advsrs Ltd Co holds 0.01% of its portfolio in LPL Financial Holdings Inc. (NASDAQ:LPLA) for 22,276 shares. Grantham Mayo Van Otterloo Limited Liability Company accumulated 4,700 shares or 0% of the stock. First Mercantile has 2,911 shares for 0.03% of their portfolio. Fifth Third Bancshares stated it has 0% in LPL Financial Holdings Inc. (NASDAQ:LPLA). Hmi Cap Ltd Limited Liability Company holds 12.42% or 1.88M shares in its portfolio. Lpl Ltd Liability Co holds 28,408 shares. Federated Investors Inc Pa accumulated 166,292 shares or 0.03% of the stock. Comerica National Bank reported 0% of its portfolio in LPL Financial Holdings Inc. (NASDAQ:LPLA). Fairview Cap Mngmt Lc, a California-based fund reported 3.45M shares. First Trust LP owns 0.04% invested in LPL Financial Holdings Inc. (NASDAQ:LPLA) for 268,690 shares. Assetmark owns 784 shares. Samlyn Capital Limited Liability has invested 2.52% in LPL Financial Holdings Inc. (NASDAQ:LPLA). Atlantic Tru Limited Liability reported 147 shares.

Since February 5, 2018, it had 0 insider purchases, and 15 insider sales for $93.93 million activity. 5,632 shares valued at $353,521 were sold by RIEPE JAMES S on Friday, March 2. Shares for $476,822 were sold by Calder Tracy on Monday, May 7. 29,300 LPL Financial Holdings Inc. (NASDAQ:LPLA) shares with value of $1.86M were sold by Hellman Marco. The insider Kalbaugh John Andrew sold $151,395. Arnold Dan H. sold 4,004 shares worth $261,061. Morrissey William P. Jr. sold $1.25M worth of LPL Financial Holdings Inc. (NASDAQ:LPLA) on Monday, February 5.

Junto Capital Management Lp decreased its stake in Lpl Finl Hldgs Inc (LPLA) by 34.96% based on its latest 2017Q4 regulatory filing with the SEC. Junto Capital Management Lp sold 288,871 shares as the company’s stock rose 3.07% while stock markets declined. The institutional investor held 537,348 shares of the investment bankers and brokers and service company at the end of 2017Q4, valued at $30.70 million, down from 826,219 at the end of the previous reported quarter. Junto Capital Management Lp who had been investing in Lpl Finl Hldgs Inc for a number of months, seems to be less bullish one the $6.36B market cap company. The stock increased 1.47% or $1.02 during the last trading session, reaching $70.46. About 844,736 shares traded. LPL Financial Holdings Inc. (NASDAQ:LPLA) has risen 54.79% since May 17, 2017 and is uptrending. It has outperformed by 43.24% the S&P500.

Junto Capital Management Lp, which manages about $738.27 million and $1.31B US Long portfolio, upped its stake in Verisk Analytics Inc (NASDAQ:VRSK) by 327,751 shares to 525,751 shares, valued at $50.47 million in 2017Q4, according to the filing. It also increased its holding in Mcdonalds Corp (NYSE:MCD) by 61,548 shares in the quarter, for a total of 247,567 shares, and has risen its stake in Microsoft Corp (NASDAQ:MSFT).

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

More important 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 published article titled: “LPL Financial and IHT Wealth Management Welcome Ric Kellogg”, Seekingalpha.com published: “LPL Financial Holdings (LPLA) Q1 2018 Results – Earnings Call Transcript” on May 04, 2018. More interesting news about LPL Financial Holdings Inc. (NASDAQ:LPLA) was released by: Globenewswire.com and their article: “LPL Financial Announces First Quarter 2018 Results” with publication date: May 03, 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. Morgan Stanley maintained LPL Financial Holdings Inc. (NASDAQ:LPLA) rating on Wednesday, February 7. Morgan Stanley has “Equal-Weight” rating and $66 target. JP Morgan maintained LPL Financial Holdings Inc. (NASDAQ:LPLA) on Tuesday, April 24 with “Neutral” rating. SunTrust maintained the shares of LPLA in report on Friday, February 2 with “Buy” rating. Goldman Sachs downgraded the shares of LPLA in report on Wednesday, May 16 to “Hold” rating. The stock has “Buy” rating by Keefe Bruyette & Woods on Monday, February 26. As per Friday, February 2, the company rating was maintained by Nomura. The firm has “Buy” rating by Credit Suisse given on Monday, February 5. The firm has “Equal-Weight” rating by Morgan Stanley given on Wednesday, January 3. Keefe Bruyette & Woods maintained it with “Buy” rating and $73.0 target in Thursday, February 1 report. The firm has “Buy” rating given on Thursday, December 21 by Keefe Bruyette & Woods.

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

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