Clarkston Capital Partners LLC Trimmed Its Lpl Finl Hldgs INC (LPLA) Position by $18.65 Million

June 20, 2017 - By Adrian Mccoy

Investors sentiment increased to 1.67 in 2016 Q4. Its up 0.88, from 0.79 in 2016Q3. It improved, as 13 investors sold LPLA shares while 47 reduced holdings. 57 funds opened positions while 43 raised stakes. 81.86 million shares or 13.14% less from 94.24 million shares in 2016Q3 were reported. Manufacturers Life Communications The owns 2,583 shares. Fincl Corp, Missouri-based fund reported 32 shares. Spo Advisory Corp owns 8.63M shares. Private Advisor Grp Limited Liability Com has invested 0.02% of its portfolio in LPL Financial Holdings Inc (NASDAQ:LPLA). Principal Grp Incorporated reported 179,617 shares stake. Moreover, Tower Capital Limited Liability Corporation (Trc) has 0% invested in LPL Financial Holdings Inc (NASDAQ:LPLA). Bluecrest Capital Mngmt Limited accumulated 12,900 shares. Ny State Common Retirement Fund holds 0.01% or 185,900 shares. Wealthtrust owns 124 shares. First Mercantile Company accumulated 0.02% or 3,049 shares. Moreover, Art Advsrs Ltd Limited Liability Company has 0.14% invested in LPL Financial Holdings Inc (NASDAQ:LPLA) for 64,900 shares. Glob Endowment LP has invested 0.05% in LPL Financial Holdings Inc (NASDAQ:LPLA). National Bank & Trust Of Mellon Corporation has 446,935 shares. Princeton Alpha Management LP owns 23,342 shares for 0.17% of their portfolio. Sei Investments accumulated 60,304 shares.

Since February 13, 2017, it had 0 insider purchases, and 10 selling transactions for $68.94 million activity. 2,000 LPL Financial Holdings Inc (NASDAQ:LPLA) shares with value of $81,500 were sold by Casady Mark S. Kalbaugh John Andrew sold $1.19M worth of LPL Financial Holdings Inc (NASDAQ:LPLA) on Wednesday, February 22. The insider Morrissey William P. Jr. sold $1.26M. 900,000 shares were sold by Hellman Marco, worth $36.00M on Monday, February 13. Arnold Dan H. also sold $603,832 worth of LPL Financial Holdings Inc (NASDAQ:LPLA) shares. 6,465 shares valued at $254,117 were sold by Calder Tracy on Monday, March 13. White George Burton had sold 25,000 shares worth $1.00M on Wednesday, February 22.

Clarkston Capital Partners Llc decreased its stake in Lpl Finl Hldgs Inc (LPLA) by 15.51% based on its latest 2016Q4 regulatory filing with the SEC. Clarkston Capital Partners Llc sold 532,735 shares as the company’s stock declined 1.46% while stock markets rallied. The institutional investor held 2.90 million shares of the investment bankers and brokers and service company at the end of 2016Q4, valued at $102.17 million, down from 3.43 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 $3.89 billion market cap company. It closed at $42.09 lastly. It is down 64.23% since June 20, 2016 and is uptrending. It has outperformed by 47.53% the S&P500.

Clarkston Capital Partners Llc, which manages about $457.76 million and $2.10B US Long portfolio, upped its stake in Anheuser Busch Inbev Sa/Nv (NYSE:BUD) by 39,309 shares to 87,139 shares, valued at $9.19M in 2016Q4, according to the filing. It also increased its holding in Western Un Co (NYSE:WU) by 199,292 shares in the quarter, for a total of 6.54 million shares, and has risen its stake in Willis Towers Watson Pub Ltd.

Investors wait LPL Financial Holdings Inc (NASDAQ:LPLA) to report on July, 27. its quarterly earnings Wall Street analysts expect $0.65 earnings per share, up $0.12 or 22.64 % from last year’s $0.53 same quarter earnings. This translates into $60.07 million profit for LPLA giving the stock a 16.19 P/E. This is assuming the current $0.65 EPS is accurate. LPL Financial Holdings Inc’s Wall Street analysts see -1.52 % negative EPS growth, taking into account the $0.66 EPS reproted in the previous quarter,

More notable recent LPL Financial Holdings Inc (NASDAQ:LPLA) news were published by: Globenewswire.com which released: “LPL Financial Provides Update on First Quarter 2017 Advisor Recruiting” on May 11, 2017, also Reuters.com with their article: “Exclusive: LPL Financial exploring a sale – sources” published on October 11, 2016, Nasdaq.com published: “LPL Financial Welcomes Black Box Pension Advocates” on June 13, 2017. More interesting news about LPL Financial Holdings Inc (NASDAQ:LPLA) were released by: Seekingalpha.com and their article: “LPL Financial Holdings (LPLA) Q4 2016 Results – Earnings Call Transcript” published on February 10, 2017 as well as Globenewswire.com‘s news article titled: “LPL Financial and Independent Advisor Alliance Welcome CFG” with publication date: May 22, 2017.

LPL Financial Holdings Inc (NASDAQ:LPLA) Ratings Coverage

Among 9 analysts covering LPL Financial Holdings (NASDAQ:LPLA), 0 have Buy rating, 1 Sell and 8 Hold. Therefore 0 are positive. LPL Financial Holdings had 27 analyst reports since August 6, 2015 according to SRatingsIntel. On Monday, September 26 the stock rating was initiated by Morgan Stanley with “Underweight”. The rating was maintained by Nomura with “Neutral” on Monday, April 4. The stock has “Neutral” rating by SunTrust on Thursday, June 2. The rating was upgraded by Goldman Sachs to “Neutral” on Tuesday, January 10. SunTrust initiated LPL Financial Holdings Inc (NASDAQ:LPLA) on Wednesday, March 23 with “Neutral” rating. The rating was maintained by JP Morgan with “Overweight” on Monday, November 2. Citigroup maintained the shares of LPLA in report on Friday, August 14 with “Neutral” rating. Credit Suisse maintained it with “Neutral” rating and $28 target in Friday, February 12 report. The stock of LPL Financial Holdings Inc (NASDAQ:LPLA) earned “Market Perform” rating by Wells Fargo on Friday, February 12. The company was downgraded on Monday, August 22 by Credit Suisse.

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