LPL Financial Holdings Inc (LPLA) : Integrated Investment Consultants scooped up 400 additional shares in LPL Financial Holdings Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 14, 2016. The investment management firm now holds a total of 4,675 shares of LPL Financial Holdings Inc which is valued at $144,598.LPL Financial Holdings Inc makes up approximately 0.07% of Integrated Investment Consultants’s portfolio.
Other Hedge Funds, Including , Msi Financial Services Inc boosted its stake in LPLA in the latest quarter, The investment management firm added 500 additional shares and now holds a total of 1,522 shares of LPL Financial Holdings Inc which is valued at $48,613.Legal General Group Plc boosted its stake in LPLA in the latest quarter, The investment management firm added 16,464 additional shares and now holds a total of 52,930 shares of LPL Financial Holdings Inc which is valued at $1,747,219. Creative Planning sold out all of its stake in LPLA during the most recent quarter. The investment firm sold 471 shares of LPLA which is valued $15,548.Cutler Group Lp reduced its stake in LPLA by selling 1,008 shares or 70.99% in the most recent quarter. The Hedge Fund company now holds 412 shares of LPLA which is valued at $12,727.First Mercantile Trust Co reduced its stake in LPLA by selling 372 shares or 10.0% in the most recent quarter. The Hedge Fund company now holds 3,349 shares of LPLA which is valued at $102,948. LPL Financial Holdings Inc makes up approx 0.01% of First Mercantile Trust Co’s portfolio.
LPL Financial Holdings Inc closed down -1.01 points or -3.16% at $30.93 with 10,39,902 shares getting traded on Friday. Post opening the session at $32.35, the shares hit an intraday low of $30.69 and an intraday high of $32.49 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
On the company’s financial health, LPL Financial Holdings Inc reported $0.53 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.44. The company had revenue of $1019.00 million for the quarter, compared to analysts expectations of $1004.82 million. The company’s revenue was down -6.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.65 EPS.
Many Wall Street Analysts have commented on LPL Financial Holdings Inc. LPL Financial Holdings Inc was Downgraded by JP Morgan to ” Neutral” on Oct 12, 2016. Morgan Stanley Initiated LPL Financial Holdings Inc on Sep 26, 2016 to “Underweight”, Price Target of the shares are set at $27.LPL Financial Holdings Inc was Downgraded by Credit Suisse to ” Neutral” on Aug 22, 2016.
LPL Financial Holdings Inc. is an independent broker-dealer a custodian for registered investment advisors (RIAs) 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 around 700 financial institutions enabling them to provide their retail investors with objective financial advice. It also supports approximately 4400 financial advisors who are affiliated and licensed with insurance companies through customized clearing services advisory platforms and technology solutions. It provides its advisors with the front-office middle-office and back-office support. The Company provides its technology and service to advisors through a technology platform that is server-based and Web-accessible. Its subsidiaries include LPL Financial LLC The Private Trust Company N.A. Independent Advisers Group Corporation and LPL Insurance Associates Inc.