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LPL Financial (NASDAQ:LPLA) Buy Rating Reconfirmed Today By KBW; The Target is Set to $55.0

December 8, 2017 - By Hazel Jackson

 LPL Financial (NASDAQ:LPLA) Buy Rating Reconfirmed Today By KBW; The Target is Set to $55.0

Investors sentiment decreased to 1.27 in Q2 2017. Its down 0.05, from 1.32 in 2017Q1. It dived, as 21 investors sold LPL Financial Holdings Inc. shares while 56 reduced holdings. 36 funds opened positions while 62 raised stakes. 80.24 million shares or 0.73% less from 80.83 million shares in 2017Q1 were reported.

Schwab Charles Inv Mgmt Inc, a California-based fund reported 376,849 shares. Tiaa Cref Invest Mngmt Limited Liability Corp owns 700,201 shares for 0.02% of their portfolio. Highbridge Cap Mngmt Limited Liability Co has 0.01% invested in LPL Financial Holdings Inc. (NASDAQ:LPLA). Metropolitan Life Ins Ny invested 0% of its portfolio in LPL Financial Holdings Inc. (NASDAQ:LPLA). Maverick Ltd stated it has 59,030 shares. Wealthtrust holds 76 shares or 0% of its portfolio. First Mercantile Tru reported 0.02% of its portfolio in LPL Financial Holdings Inc. (NASDAQ:LPLA). Bancorp Of America Corporation De reported 297,235 shares or 0% of all its holdings. California-based Philadelphia Mngmt Of San Francisco Ltd has invested 2.23% in LPL Financial Holdings Inc. (NASDAQ:LPLA). Victory Cap Mgmt owns 940,136 shares. Nationwide Fund Advsr, a Pennsylvania-based fund reported 16,766 shares. Dimensional Fund Advisors Limited Partnership owns 1.46 million shares. Eam Invsts Ltd Company, a California-based fund reported 63,293 shares. Moreover, State Board Of Administration Of Florida Retirement Systems has 0.01% invested in LPL Financial Holdings Inc. (NASDAQ:LPLA). Alliancebernstein Ltd Partnership reported 48,133 shares.

LPL Financial (NASDAQ:LPLA) Rating Reaffirmed

KBW now has a $55.0 target price per share on the $4.87B market cap company or 1.89 % upside potential. In analysts report issued on 5 October, LPL Financial (NASDAQ:LPLA) shares have had their Buy Rating reiterated by research professionals at KBW.

Investors sentiment decreased to 1.27 in Q2 2017. Its down 0.05, from 1.32 in 2017Q1. It dived, as 21 investors sold LPL Financial Holdings Inc. shares while 56 reduced holdings. 36 funds opened positions while 62 raised stakes. 80.24 million shares or 0.73% less from 80.83 million shares in 2017Q1 were reported.

Schwab Charles Inv Mgmt Inc, a California-based fund reported 376,849 shares. Tiaa Cref Invest Mngmt Limited Liability Corp owns 700,201 shares for 0.02% of their portfolio. Highbridge Cap Mngmt Limited Liability Co has 0.01% invested in LPL Financial Holdings Inc. (NASDAQ:LPLA). Metropolitan Life Ins Ny invested 0% of its portfolio in LPL Financial Holdings Inc. (NASDAQ:LPLA). Maverick Ltd stated it has 59,030 shares. Wealthtrust holds 76 shares or 0% of its portfolio. First Mercantile Tru reported 0.02% of its portfolio in LPL Financial Holdings Inc. (NASDAQ:LPLA). Bancorp Of America Corporation De reported 297,235 shares or 0% of all its holdings. California-based Philadelphia Mngmt Of San Francisco Ltd has invested 2.23% in LPL Financial Holdings Inc. (NASDAQ:LPLA). Victory Cap Mgmt owns 940,136 shares. Nationwide Fund Advsr, a Pennsylvania-based fund reported 16,766 shares. Dimensional Fund Advisors Limited Partnership owns 1.46 million shares. Eam Invsts Ltd Company, a California-based fund reported 63,293 shares. Moreover, State Board Of Administration Of Florida Retirement Systems has 0.01% invested in LPL Financial Holdings Inc. (NASDAQ:LPLA). Alliancebernstein Ltd Partnership reported 48,133 shares.

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

Among 10 analysts covering LPL Financial Holdings (NASDAQ:LPLA), 5 have Buy rating, 1 Sell and 4 Hold. Therefore 50% are positive. LPL Financial Holdings has $68.0 highest and $21 lowest target. $49.60’s average target is -8.11% below currents $53.98 stock price. LPL Financial Holdings had 38 analyst reports since August 6, 2015 according to SRatingsIntel. The firm has “Neutral” rating given on Monday, August 22 by Credit Suisse. UBS upgraded LPL Financial Holdings Inc. (NASDAQ:LPLA) rating on Thursday, November 10. UBS has “Neutral” rating and $35 target. As per Wednesday, August 16, the company rating was maintained by Keefe Bruyette & Woods. The firm has “Sell” rating given on Tuesday, April 5 by Goldman Sachs. Credit Suisse maintained it with “Outperform” rating and $28 target in Friday, March 18 report. The stock of LPL Financial Holdings Inc. (NASDAQ:LPLA) earned “Buy” rating by Nomura on Thursday, August 17. The firm has “Neutral” rating given on Monday, October 30 by JP Morgan. The rating was maintained by Nomura on Thursday, November 9 with “Buy”. Morgan Stanley maintained the stock with “Underweight” rating in Thursday, October 5 report. The rating was maintained by JP Morgan on Monday, November 2 with “Overweight”.

The stock increased 0.95% or $0.51 during the last trading session, reaching $53.98. About 532,055 shares traded. LPL Financial Holdings Inc. (NASDAQ:LPLA) has risen 64.23% since December 8, 2016 and is uptrending. It has outperformed by 47.53% the S&P500.

Analysts await LPL Financial Holdings Inc. (NASDAQ:LPLA) to report earnings on February, 8. They expect $0.41 earnings per share, down 10.87 % or $0.05 from last year’s $0.46 per share. LPLA’s profit will be $36.96 million for 32.91 P/E if the $0.41 EPS becomes a reality. After $0.63 actual earnings per share reported by LPL Financial Holdings Inc. for the previous quarter, Wall Street now forecasts -34.92 % 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 $4.87 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 22.84 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.

More notable recent LPL Financial Holdings Inc. (NASDAQ:LPLA) news were published by: Globenewswire.com which released: “LPL Financial Reports Monthly Activity for October 2017” on November 16, 2017, also Benzinga.com with their article: “LPL Financial Vs. Raymond James: A Financials Pair Trade” published on December 03, 2017, Globenewswire.com published: “LPL Financial Welcomes Discovery Financial” on November 30, 2017. More interesting news about LPL Financial Holdings Inc. (NASDAQ:LPLA) were released by: Globenewswire.com and their article: “LPL Financial Welcomes Firms in the Planners Network” published on December 07, 2017 as well as Globenewswire.com‘s news article titled: “LPL Financial Provides Update on Third Quarter 2017 Advisor Recruiting” with publication date: November 10, 2017.

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