Fairview Capital Investment Management LLC Decreased Its Holding in Lpl Financial Holdings INC (LPLA) as Valuation Rose

May 27, 2018 - By Stephen Andrade

LPL Financial Holdings Inc. (NASDAQ:LPLA) LogoInvestors sentiment decreased to 1.02 in Q4 2017. Its down 0.98, from 2 in 2017Q3. It is negative, as 23 investors sold LPLA 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. Massachusetts-based Rhumbline Advisers has invested 0.01% in LPL Financial Holdings Inc. (NASDAQ:LPLA). Moreover, Three Corner Invsts Limited Partnership has 10.4% invested in LPL Financial Holdings Inc. (NASDAQ:LPLA) for 637,893 shares. Beaconlight Limited Liability Corporation stated it has 3.99% in LPL Financial Holdings Inc. (NASDAQ:LPLA). Millennium Mgmt Limited Liability Corp reported 0% of its portfolio in LPL Financial Holdings Inc. (NASDAQ:LPLA). Wells Fargo & Mn holds 570,715 shares or 0.01% of its portfolio. Citigroup has 38,156 shares for 0% of their portfolio. Nomura stated it has 0.01% of its portfolio in LPL Financial Holdings Inc. (NASDAQ:LPLA). Prudential Financial reported 16,144 shares or 0% of all its holdings. First Mercantile Trust has invested 0.03% in LPL Financial Holdings Inc. (NASDAQ:LPLA). Pdt Prtn Lc owns 87,200 shares. Natl Bank Of America Corp De reported 0% of its portfolio in LPL Financial Holdings Inc. (NASDAQ:LPLA). Fny Managed Accounts Limited Liability Co holds 0.01% of its portfolio in LPL Financial Holdings Inc. (NASDAQ:LPLA) for 168 shares. Cornerstone Cap Limited Company reported 384,252 shares or 0.15% of all its holdings. Alliancebernstein Ltd Partnership, New York-based fund reported 51,633 shares. 56 are owned by Cwm Ltd Llc.

Since February 5, 2018, it had 0 insider buys, and 15 sales for $93.93 million activity. Kalbaugh John Andrew sold 2,764 shares worth $180,213. Arnold Dan H. also sold $261,061 worth of LPL Financial Holdings Inc. (NASDAQ:LPLA) on Friday, February 23. Another trade for 6,050 shares valued at $420,959 was made by Oroschakoff Michelle on Friday, May 11. $476,822 worth of LPL Financial Holdings Inc. (NASDAQ:LPLA) was sold by Calder Tracy on Monday, May 7. RIEPE JAMES S sold $353,521 worth of stock or 5,632 shares. Another trade for 20,000 shares valued at $1.25 million was sold by Morrissey William P. Jr..

Fairview Capital Investment Management Llc decreased its stake in Lpl Financial Holdings Inc (LPLA) by 12.24% based on its latest 2017Q4 regulatory filing with the SEC. Fairview Capital Investment Management Llc sold 481,398 shares as the company’s stock rose 3.07% while stock markets declined. The hedge fund held 3.45M shares of the investment bankers and brokers and service company at the end of 2017Q4, valued at $197.15 million, down from 3.93M at the end of the previous reported quarter. Fairview Capital Investment Management Llc who had been investing in Lpl Financial Holdings Inc for a number of months, seems to be less bullish one the $6.41 billion market cap company. The stock increased 0.08% or $0.06 during the last trading session, reaching $71.01. About 440,425 shares traded. LPL Financial Holdings Inc. (NASDAQ:LPLA) has risen 54.79% since May 27, 2017 and is uptrending. It has outperformed by 43.24% the S&P500.

Fairview Capital Investment Management Llc, which manages about $1.38B and $1.65 billion US Long portfolio, upped its stake in Procter & Gamble (NYSE:PG) by 46,791 shares to 401,691 shares, valued at $36.91 million in 2017Q4, according to the filing.

Analysts await LPL Financial Holdings Inc. (NASDAQ:LPLA) to report earnings on July, 26. They expect $1.20 EPS, up 62.16 % or $0.46 from last year’s $0.74 per share. LPLA’s profit will be $108.24M for 14.79 P/E if the $1.20 EPS becomes a reality. After $1.01 actual EPS reported by LPL Financial Holdings Inc. for the previous quarter, Wall Street now forecasts 18.81 % EPS growth.

More notable recent LPL Financial Holdings Inc. (NASDAQ:LPLA) news were published by: Globenewswire.com which released: “LPL Financial Reports Monthly Activity for April 2018” on May 22, 2018, also Businesswire.com with their article: “Glancy Prongay & Murray LLP Continues Investigation on Behalf of LPL Financial Holdings Inc. Investors (LPLA)” published on May 22, 2018, Globenewswire.com published: “LPL Financial Presenting at Bernstein’s 34th Annual Strategic Decisions Conference” on May 24, 2018. More interesting news about LPL Financial Holdings Inc. (NASDAQ:LPLA) were released by: Seekingalpha.com and their article: “LPL Financial Holdings (LPLA) Q1 2018 Results – Earnings Call Transcript” published on May 04, 2018 as well as Globenewswire.com‘s news article titled: “Market Trends Toward New Normal in Echo Global Logistics, TerraForm Power, LPL Financial, ConnectOne, Gevo …” with publication date: May 04, 2018.

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

Among 9 analysts covering LPL Financial (NASDAQ:LPLA), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. LPL Financial had 14 analyst reports since November 30, 2017 according to SRatingsIntel. Keefe Bruyette & Woods maintained it with “Buy” rating and $73.0 target in Thursday, February 1 report. The firm has “Neutral” rating given on Tuesday, April 24 by JP Morgan. The firm has “Equal-Weight” rating given on Wednesday, January 3 by Morgan Stanley. The rating was maintained by Credit Suisse on Tuesday, May 8 with “Buy”. The rating was maintained by Morgan Stanley on Wednesday, February 7 with “Equal-Weight”. The rating was initiated by Credit Suisse with “Buy” on Thursday, November 30. Goldman Sachs downgraded it to “Hold” rating and $8100 target in Wednesday, May 16 report. Keefe Bruyette & Woods maintained the shares of LPLA in report on Thursday, December 21 with “Buy” rating. On Monday, February 5 the stock rating was maintained by Credit Suisse with “Buy”. The rating was maintained by Keefe Bruyette & Woods with “Buy” on Monday, February 26.

LPL Financial Holdings Inc. (NASDAQ:LPLA) Institutional Positions Chart

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