Does LPL Financial Holdings Inc. (LPLA) Have More Gas After Reaching All Time High?

February 15, 2018 - By Vivian Currie

Investors sentiment increased to 2 in Q3 2017. Its up 0.73, from 1.27 in 2017Q2. It increased, as 18 investors sold LPL Financial Holdings Inc. shares while 46 reduced holdings. 54 funds opened positions while 74 raised stakes. 80.35 million shares or 0.14% more from 80.24 million shares in 2017Q2 were reported.
16,693 were reported by Amalgamated Fincl Bank. Alpha Windward Ltd Llc stated it has 1,032 shares. Zacks Mngmt owns 38,809 shares. Nationwide Fund Advsrs invested 0.03% of its portfolio in LPL Financial Holdings Inc. (NASDAQ:LPLA). Envestnet Asset Mgmt, Illinois-based fund reported 177 shares. James Inv Rech reported 0.08% of its portfolio in LPL Financial Holdings Inc. (NASDAQ:LPLA). Canada Pension Plan Invest Board holds 0.01% of its portfolio in LPL Financial Holdings Inc. (NASDAQ:LPLA) for 101,200 shares. Zurcher Kantonalbank (Zurich Cantonalbank) invested in 0.01% or 18,909 shares. Northwestern Mutual Wealth Management owns 32 shares. Three Peaks Ltd Liability Corp holds 1.38% of its portfolio in LPL Financial Holdings Inc. (NASDAQ:LPLA) for 181,096 shares. Bogle Mngmt Lp De owns 244,430 shares for 0.86% of their portfolio. Ngam Advsr Lp owns 0.03% invested in LPL Financial Holdings Inc. (NASDAQ:LPLA) for 54,256 shares. 47,711 were reported by Gsa Cap Prtn Llp. Rhumbline Advisers stated it has 102,103 shares or 0.01% of all its holdings. Jane Street Group Inc Limited Liability reported 0% of its portfolio in LPL Financial Holdings Inc. (NASDAQ:LPLA).

Since February 5, 2018, it had 0 insider buys, and 2 sales for $1.88 million activity. $1.25 million worth of stock was sold by Morrissey William P. Jr. on Monday, February 5.

The stock of LPL Financial Holdings Inc. (NASDAQ:LPLA) reached all time high today, Feb, 15 and still has $69.77 target or 9.00 % above today’s $64.01 share price. This indicates more upside for the $5.77B company. This technical setup was reported by Barchart.com. If the $69.77 PT is reached, the company will be worth $519.30 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock decreased 0.03% or $0.02 during the last trading session, reaching $64.01. About 284,581 shares traded. LPL Financial Holdings Inc. (NASDAQ:LPLA) has risen 64.23% since February 15, 2017 and is uptrending. It has outperformed by 47.53% the S&P500.

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

Among 10 analysts covering LPL Financial Holdings (NASDAQ:LPLA), 5 have Buy rating, 0 Sell and 5 Hold. Therefore 50% are positive. LPL Financial Holdings had 46 analyst reports since August 6, 2015 according to SRatingsIntel. The firm has “Sell” rating by UBS given on Friday, October 2. Nomura maintained the stock with “Buy” rating in Thursday, November 9 report. Credit Suisse maintained it with “Neutral” rating and $28 target in Friday, February 12 report. SunTrust maintained the stock with “Neutral” rating in Thursday, June 2 report. The company was upgraded on Tuesday, January 10 by Goldman Sachs. The stock of LPL Financial Holdings Inc. (NASDAQ:LPLA) has “Buy” rating given on Friday, February 2 by SunTrust. The rating was maintained by Credit Suisse with “Outperform” on Friday, March 18. On Monday, October 30 the stock rating was maintained by JP Morgan with “Neutral”. The stock of LPL Financial Holdings Inc. (NASDAQ:LPLA) earned “Neutral” rating by UBS on Thursday, November 10. Citigroup maintained LPL Financial Holdings Inc. (NASDAQ:LPLA) on Monday, October 30 with “Buy” rating.

More notable recent LPL Financial Holdings Inc. (NASDAQ:LPLA) news were published by: Seekingalpha.com which released: “LPL Financial Holdings’ (LPLA) CEO Dan Arnold on Q4 2017 Results – Earnings …” on February 02, 2018, also Bizjournals.com with their article: “Jackson National Life closes Tampa investment firm office as broker-dealer …” published on February 07, 2018, Globenewswire.com published: “LPL Financial Provides Update on Fourth Quarter 2017 Advisor Recruiting” on February 15, 2018. More interesting news about LPL Financial Holdings Inc. (NASDAQ:LPLA) were released by: Businesswire.com and their article: “Harwood Feffer LLP Announces Investigation of LPL Financial Holdings, Inc.” published on January 16, 2018 as well as Globenewswire.com‘s news article titled: “LPL Financial to Present at Credit Suisse 19th Annual Financial Services Forum” with publication date: February 08, 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 $5.77 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 24.71 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.

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