What Will Happen to LPL Financial Holdings Inc. (LPLA) Next? The Stock Just Reaches 52-Week High

May 17, 2018 - By Ned Sandoval

LPL Financial Holdings Inc. (NASDAQ:LPLA) Logo

Investors sentiment decreased to 1.02 in 2017 Q4. 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.
Bluemountain Cap Management Lc reported 0.04% of its portfolio in LPL Financial Holdings Inc. (NASDAQ:LPLA). Parametric Portfolio Assoc Lc accumulated 461,317 shares. 206,073 are held by Eaton Vance Management. Three Corner Investors L P stated it has 10.4% in LPL Financial Holdings Inc. (NASDAQ:LPLA). Mufg Americas Hldgs has invested 0.03% in LPL Financial Holdings Inc. (NASDAQ:LPLA). Macquarie Group Incorporated Ltd, a Australia-based fund reported 1,400 shares. Waddell And Reed accumulated 387,350 shares. Aperio Ltd Llc stated it has 16,634 shares or 0% of all its holdings. Deutsche Bankshares Ag reported 0.01% in LPL Financial Holdings Inc. (NASDAQ:LPLA). Lpl Ltd Co has invested 0% of its portfolio in LPL Financial Holdings Inc. (NASDAQ:LPLA). Ubs Asset Americas accumulated 100,228 shares. Qs Invsts Limited Liability Corp owns 167 shares. Great West Life Assurance Communication Can has 10,485 shares. Proshare Limited Liability reported 0.01% of its portfolio in LPL Financial Holdings Inc. (NASDAQ:LPLA). Cornerstone Cap Mngmt Holdings Limited Liability Corp holds 0.15% or 384,252 shares.

Since February 5, 2018, it had 0 insider purchases, and 15 selling transactions for $93.93 million activity. On Friday, March 2 RIEPE JAMES S sold $353,521 worth of LPL Financial Holdings Inc. (NASDAQ:LPLA) or 5,632 shares. Calder Tracy sold $476,822 worth of LPL Financial Holdings Inc. (NASDAQ:LPLA) on Monday, May 7. $711,159 worth of LPL Financial Holdings Inc. (NASDAQ:LPLA) was sold by Arnold Dan H.. $1.64 million worth of LPL Financial Holdings Inc. (NASDAQ:LPLA) was sold by White George Burton on Tuesday, March 13. $180,213 worth of LPL Financial Holdings Inc. (NASDAQ:LPLA) shares were sold by Kalbaugh John Andrew. $420,959 worth of stock was sold by Oroschakoff Michelle on Friday, May 11.

The stock of LPL Financial Holdings Inc. (NASDAQ:LPLA) hit a new 52-week high and has $76.11 target or 8.00 % above today’s $70.47 share price. The 5 months bullish chart indicates low risk for the $6.36 billion company. The 1-year high was reported on May, 17 by Barchart.com. If the $76.11 price target is reached, the company will be worth $508.56 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 1.48% or $1.03 during the last trading session, reaching $70.47. About 681,794 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.

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 $108.25 million 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.

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. SunTrust maintained the shares of LPLA in report on Friday, February 2 with “Buy” rating. The rating was maintained by Keefe Bruyette & Woods on Thursday, December 21 with “Buy”. Credit Suisse maintained LPL Financial Holdings Inc. (NASDAQ:LPLA) on Tuesday, May 8 with “Buy” rating. JP Morgan maintained LPL Financial Holdings Inc. (NASDAQ:LPLA) rating on Tuesday, April 24. JP Morgan has “Neutral” rating and $72 target. The firm has “Buy” rating given on Monday, February 5 by Credit Suisse. Keefe Bruyette & Woods maintained the shares of LPLA in report on Monday, February 26 with “Buy” rating. The stock of LPL Financial Holdings Inc. (NASDAQ:LPLA) earned “Buy” rating by Keefe Bruyette & Woods on Thursday, February 1. The firm has “Equal-Weight” rating by Morgan Stanley given on Wednesday, January 3. The stock of LPL Financial Holdings Inc. (NASDAQ:LPLA) has “Hold” rating given on Wednesday, May 16 by Goldman Sachs. The firm has “Equal-Weight” rating by Morgan Stanley given on Wednesday, February 7.

More important recent LPL Financial Holdings Inc. (NASDAQ:LPLA) news were published by: Globenewswire.com which released: “LPL Financial Announces First Quarter 2018 Results” on May 03, 2018, also Seekingalpha.com published article titled: “LPL Financial Holdings (LPLA) Q1 2018 Results – Earnings Call Transcript”, Globenewswire.com published: “LPL Financial and IHT Wealth Management Welcome Ric Kellogg” on April 24, 2018. More interesting news about LPL Financial Holdings Inc. (NASDAQ:LPLA) was released by: Globenewswire.com and their article: “Market Trends Toward New Normal in Echo Global Logistics, TerraForm Power, LPL Financial, ConnectOne, Gevo …” with publication date: May 04, 2018.

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 $6.36 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 27.21 P/E ratio. The companyÂ’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

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