Lpl Financial Holdings Inc Has Bullish Trade, John H. Scully’s Spo Advisory Corp Bought Stake!

February 15, 2018 - By Vivian Park

 Lpl Financial Holdings Inc Has Bullish Trade, John H. Scully's Spo Advisory Corp Bought Stake!

Investors sentiment increased to 2 in Q3 2017. Its up 0.73, from 1.27 in 2017Q2. It improved, 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.

Legal General Group Public Limited Company holds 0% in LPL Financial Holdings Inc. (NASDAQ:LPLA) or 79,418 shares. Tudor Corporation Et Al stated it has 0.01% of its portfolio in LPL Financial Holdings Inc. (NASDAQ:LPLA). M&T Bank stated it has 4,145 shares. Grantham Mayo Van Otterloo Lc reported 37,200 shares. Teacher Retirement Sys Of Texas has invested 0% in LPL Financial Holdings Inc. (NASDAQ:LPLA). Lpl Fincl Ltd Liability Corp holds 29,690 shares. Gru One Trading Lp invested in 199 shares or 0% of the stock. Sawgrass Asset Ltd Limited Liability Company owns 30,290 shares for 0.08% of their portfolio. Wells Fargo Mn holds 0.01% of its portfolio in LPL Financial Holdings Inc. (NASDAQ:LPLA) for 342,284 shares. Apg Asset Management Nv invested 0% in LPL Financial Holdings Inc. (NASDAQ:LPLA). Axa reported 6,700 shares. Chicago Equity Partners Ltd Co invested in 0.12% or 74,030 shares. Bokf Na accumulated 0.02% or 13,068 shares. Hsbc Holdings Public Limited Company holds 0% or 7,440 shares in its portfolio. Gsa Cap Prtn Llp invested in 0.17% or 47,711 shares.

Since February 5, 2018, it had 0 buys, and 2 sales for $1.88 million activity. 10,000 shares valued at $626,068 were sold by Kalbaugh John Andrew on Monday, February 5.

The New John H. Scully’s Spo Advisory Corp Holding in Lpl Financial Holdings Inc

Spo Advisory Corp reported SC 13G/A form with the SEC for Lpl Financial Holdings Inc. Access it here: 000089183618000023. As reported by John H. Scully’s Spo Advisory Corp, the filler owns 7.8% or 7,014,026 shares of the Finance–company.

Lpl Financial Holdings Inc stake is new for [reportingPerson]. Date of activity: December 31, 2017. This shows John H. Scully’s Spo Advisory Corp’s positive view for Lpl Financial Holdings Inc.

The hedge fund is investor in the Finance sector. In the manager’s last 13-F, we saw 25% of John H. Scully’s Spo Advisory Corp’s portfolio is in the sector.

Lpl Financial Holdings Inc Institutional Sentiment

Filings show 161 investors own Lpl Financial Holdings Inc. The ownership in Q3 2015 is high, at Infinity of the outstanding shares. This is increased by 4255631. 100856839 were owned by these investors. 21 funds opened new Lpl Financial Holdings Inc stakes, 64 increased positions. There were 32 that closed positions and 57 reduced them.

12 investors had the stock in their top 10. Some are: Fairview Capital Investment Management Llc, Three Corner Global Investors Lp, Arrowmark Colorado Holdings Llc, Hmi Capital Llc, Samlyn Capital Llc, Wildcat Capital Management Llc, Spo Advisory Corp, Junto Capital Management Lp..

Arrowpoint Asset Management Llc is an investor bullish on Lpl Financial Holdings Inc, owning 1951721 shares as of Q3 2015 for 2.12% of its portfolio. Mick Hellman Hmi Capital Llc owns 1845941 shares or 23.01% of its portfolio. KS Nuance Investments Llc have 1.51% of its portfolio for 348415 shares. Further, Fairview Capital Investment Management Llc reported stake worth 12.34% of its portfolio. The MI Clarkston Capital Partners Llc owns 361490 shares. Lpl Financial Holdings Inc is 1.31% of its portfolio.

Business Profile

LPL Financial Holdings Inc. is a broker-dealer, a custodian for registered investment advisors and an independent consultant to retirement plans. The Company provides a platform of brokerage and investment advisory services to independent financial advisors, including financial advisors at financial institutions across the country. It also supported approximately 4,000 financial advisors, affiliated and licensed with insurance companies through customized clearing services, advisory platforms and technology solutions, as of December 31, 2016. Through its advisors, it is a distributor of financial products and services in the United States. It provides its technology and service to advisors through a technology platform that is server-based and Web-accessible. Its technology offerings are designed to permit its advisors to manage various aspects of their businesses. It automates time-consuming processes, such as account opening and management, document imaging and account rebalancing.

SEC Form 13G.

The stock increased 0.73% or $0.47 during the last trading session, reaching $64.5. About 563,763 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., 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 $5.81 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 24.9 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) 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 has $90.0 highest and $21 lowest target. $60.90’s average target is -5.58% below currents $64.5 stock price. LPL Financial Holdings had 46 analyst reports since August 6, 2015 according to SRatingsIntel. Credit Suisse maintained it with “Buy” rating and $85.0 target in Monday, February 5 report. JP Morgan maintained the shares of LPLA in report on Monday, November 2 with “Overweight” rating. Nomura maintained it with “Neutral” rating and $27 target in Monday, July 11 report. The firm has “Buy” rating given on Wednesday, August 16 by Keefe Bruyette & Woods. Nomura maintained the stock with “Neutral” rating in Monday, April 4 report. The rating was initiated by SunTrust on Wednesday, March 23 with “Neutral”. SunTrust maintained the shares of LPLA in report on Friday, October 27 with “Buy” rating. Morgan Stanley upgraded the stock to “Equal-Weight” rating in Wednesday, January 3 report. The firm has “Sell” rating given on Tuesday, April 5 by Goldman Sachs. The rating was maintained by Keefe Bruyette & Woods with “Buy” on Monday, June 5.

More important recent LPL Financial Holdings Inc. (NASDAQ:LPLA) news were published by: Bizjournals.com which released: “Jackson National Life closes Tampa investment firm office as broker-dealer …” on February 07, 2018, also Globenewswire.com published article titled: “LPL Financial to Present at Credit Suisse 19th Annual Financial Services Forum”, 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) was released by: Seekingalpha.com and their article: “LPL Financial Holdings’ (LPLA) CEO Dan Arnold on Q4 2017 Results – Earnings …” with publication date: February 02, 2018.

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