Time to Reconsider LPL Financial Holdings Inc. (LPLA) After Reaching All Time High?

February 15, 2018 - By Ellis Scott

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.
California State Teachers Retirement holds 0.02% of its portfolio in LPL Financial Holdings Inc. (NASDAQ:LPLA) for 145,232 shares. Principal Fincl Group Incorporated, Iowa-based fund reported 13,361 shares. Amalgamated Bank & Trust holds 0.03% or 16,693 shares in its portfolio. Alpha Windward Ltd Llc invested in 0.03% or 1,032 shares. Meeder Asset Management Inc reported 0.12% stake. First Pacific Advisors Ltd accumulated 4.54M shares. Timpani Cap Mngmt Ltd Company has 1.03% invested in LPL Financial Holdings Inc. (NASDAQ:LPLA). Moreover, Tower Limited Liability Company (Trc) has 0% invested in LPL Financial Holdings Inc. (NASDAQ:LPLA). Nationwide Fund owns 0.03% invested in LPL Financial Holdings Inc. (NASDAQ:LPLA) for 150,801 shares. Hmi Capital Ltd holds 1.88M shares or 13.36% of its portfolio. Metropolitan Life Insurance Company invested in 0% or 6,656 shares. First Advisors L P holds 214,428 shares. State Of Wisconsin Board owns 17,966 shares or 0% of their US portfolio. Axa owns 6,700 shares for 0% of their portfolio. Gsa Limited Liability Partnership stated it has 47,711 shares or 0.17% of all its holdings.

Since February 5, 2018, it had 0 insider purchases, and 2 sales for $1.88 million activity. 10,000 shares were sold by Kalbaugh John Andrew, worth $626,068 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 stock of LPL Financial Holdings Inc. (NASDAQ:LPLA) earned “Buy” rating by Keefe Bruyette & Woods on Wednesday, August 16. The stock of LPL Financial Holdings Inc. (NASDAQ:LPLA) has “Buy” rating given on Thursday, November 30 by Credit Suisse. As per Monday, October 30, the company rating was maintained by JP Morgan. The stock of LPL Financial Holdings Inc. (NASDAQ:LPLA) earned “Neutral” rating by Goldman Sachs on Tuesday, January 10. The rating was maintained by Credit Suisse with “Outperform” on Friday, March 18. Citigroup downgraded the stock to “Sell” rating in Tuesday, January 12 report. The rating was maintained by Morgan Stanley with “Underweight” on Thursday, October 5. The rating was maintained by Keefe Bruyette & Woods on Thursday, October 5 with “Buy”. As per Friday, October 27, the company rating was maintained by SunTrust. The company was maintained on Friday, May 27 by Citigroup.

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