Today KBW Reiterates a “Buy” Rating on LPL Financial (NASDAQ:LPLA) and a $66.0 Target Price

April 16, 2018 - By Linda Rogers

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 worsened, 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.

Bank & Trust Of Montreal Can owns 0% invested in LPL Financial Holdings Inc. (NASDAQ:LPLA) for 43,605 shares. Financial Bank Of The West owns 14,750 shares for 0.11% of their portfolio. Royal Bank Of Canada invested in 0% or 8,248 shares. New Jersey-based Gargoyle Inv Advisor Ltd Liability Company has invested 0.2% in LPL Financial Holdings Inc. (NASDAQ:LPLA). Victory Cap Mgmt accumulated 0.11% or 914,627 shares. Regions Finance Corporation invested in 452 shares. Congress Asset Management Ma holds 0.03% or 40,685 shares in its portfolio. Samlyn Lc invested 2.52% in LPL Financial Holdings Inc. (NASDAQ:LPLA). Mufg Americas Holding stated it has 0.03% of its portfolio in LPL Financial Holdings Inc. (NASDAQ:LPLA). Ent Financial Svcs accumulated 0% or 32 shares. Clarkston Capital Prtn Ltd Llc holds 4.88% in LPL Financial Holdings Inc. (NASDAQ:LPLA) or 2.20M shares. Zacks Management, Illinois-based fund reported 18,735 shares. Rhumbline Advisers has 94,234 shares for 0.01% of their portfolio. Navellier & Assoc Inc stated it has 4,794 shares. Fmr Lc invested 0.01% of its portfolio in LPL Financial Holdings Inc. (NASDAQ:LPLA).

Since February 5, 2018, it had 0 insider purchases, and 13 insider sales for $93.03 million activity. Another trade for 10,000 shares valued at $626,068 was made by Kalbaugh John Andrew on Monday, February 5. Arnold Dan H. sold $711,159 worth of LPL Financial Holdings Inc. (NASDAQ:LPLA) on Wednesday, March 7. $1.64 million worth of LPL Financial Holdings Inc. (NASDAQ:LPLA) shares were sold by White George Burton. 5,632 shares were sold by RIEPE JAMES S, worth $353,521 on Friday, March 2. Shares for $1.25M were sold by Morrissey William P. Jr. on Monday, February 5.

LPL Financial (NASDAQ:LPLA) Rating Reaffirmed

KBW now has a $66.0 target price on shares of LPL Financial (NASDAQ:LPLA). The target price gives a potential upside of 14.15 % from the previous close of LPL Financial (NASDAQ:LPLA). This rating was disclosed to clients in analysts note on 21 December.

Investors sentiment decreased to 1.02 in Q4 2017. Its down 0.98, from 2 in 2017Q3. It worsened, 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.

Bank & Trust Of Montreal Can owns 0% invested in LPL Financial Holdings Inc. (NASDAQ:LPLA) for 43,605 shares. Financial Bank Of The West owns 14,750 shares for 0.11% of their portfolio. Royal Bank Of Canada invested in 0% or 8,248 shares. New Jersey-based Gargoyle Inv Advisor Ltd Liability Company has invested 0.2% in LPL Financial Holdings Inc. (NASDAQ:LPLA). Victory Cap Mgmt accumulated 0.11% or 914,627 shares. Regions Finance Corporation invested in 452 shares. Congress Asset Management Ma holds 0.03% or 40,685 shares in its portfolio. Samlyn Lc invested 2.52% in LPL Financial Holdings Inc. (NASDAQ:LPLA). Mufg Americas Holding stated it has 0.03% of its portfolio in LPL Financial Holdings Inc. (NASDAQ:LPLA). Ent Financial Svcs accumulated 0% or 32 shares. Clarkston Capital Prtn Ltd Llc holds 4.88% in LPL Financial Holdings Inc. (NASDAQ:LPLA) or 2.20M shares. Zacks Management, Illinois-based fund reported 18,735 shares. Rhumbline Advisers has 94,234 shares for 0.01% of their portfolio. Navellier & Assoc Inc stated it has 4,794 shares. Fmr Lc invested 0.01% of its portfolio in LPL Financial Holdings Inc. (NASDAQ:LPLA).

Since February 5, 2018, it had 0 insider purchases, and 13 insider sales for $93.03 million activity. Another trade for 10,000 shares valued at $626,068 was made by Kalbaugh John Andrew on Monday, February 5. Arnold Dan H. sold $711,159 worth of LPL Financial Holdings Inc. (NASDAQ:LPLA) on Wednesday, March 7. $1.64 million worth of LPL Financial Holdings Inc. (NASDAQ:LPLA) shares were sold by White George Burton. 5,632 shares were sold by RIEPE JAMES S, worth $353,521 on Friday, March 2. Shares for $1.25M were sold by Morrissey William P. Jr. on Monday, February 5.

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 31.01% above currents $57.82 stock price. LPL Financial had 16 analyst reports since October 27, 2017 according to SRatingsIntel. The rating was maintained by Keefe Bruyette & Woods on Thursday, December 21 with “Buy”. Credit Suisse initiated LPL Financial Holdings Inc. (NASDAQ:LPLA) on Thursday, November 30 with “Buy” rating. The rating was maintained by JP Morgan with “Neutral” on Monday, October 30. The stock of LPL Financial Holdings Inc. (NASDAQ:LPLA) has “Buy” rating given on Monday, October 30 by Citigroup. The company was maintained on Thursday, November 9 by Nomura. The firm has “Buy” rating by Keefe Bruyette & Woods given on Thursday, February 1. The rating was upgraded by Morgan Stanley on Wednesday, January 3 to “Equal-Weight”. Citigroup maintained it with “Buy” rating and $65 target in Friday, November 10 report. SunTrust maintained LPL Financial Holdings Inc. (NASDAQ:LPLA) rating on Friday, October 27. SunTrust has “Buy” rating and $65.0 target. The firm has “Buy” rating given on Monday, February 26 by Keefe Bruyette & Woods.

The stock increased 0.85% or $0.49 during the last trading session, reaching $57.82. About 137,002 shares traded. LPL Financial Holdings Inc. (NASDAQ:LPLA) has risen 54.79% since April 16, 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 April, 26. 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 $61.34 million for 21.26 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 $5.22 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 22.32 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

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