LPL Financial Holdings Inc (LPLA) : Partners Capital Investment Group scooped up 30,487 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 Aug 11, 2016. The investment management firm now holds a total of 351,369 shares of LPL Financial Holdings Inc which is valued at $9,476,422.LPL Financial Holdings Inc makes up approximately 2.46% of Partners Capital Investment Group’s portfolio.
Other Hedge Funds, Including , Ramsey Quantitative Systems sold out all of its stake in LPLA during the most recent quarter. The investment firm sold 37,231 shares of LPLA which is valued $1,004,120. Convergence Investment Partners sold out all of its stake in LPLA during the most recent quarter. The investment firm sold 52,381 shares of LPLA which is valued $1,412,716.Blackrock Group Ltd boosted its stake in LPLA in the latest quarter, The investment management firm added 6,892 additional shares and now holds a total of 66,013 shares of LPL Financial Holdings Inc which is valued at $1,780,371.Glenmede Trust Co Na boosted its stake in LPLA in the latest quarter, The investment management firm added 34,620 additional shares and now holds a total of 37,620 shares of LPL Financial Holdings Inc which is valued at $1,005,206. LPL Financial Holdings Inc makes up approx 0.01% of Glenmede Trust Co Na’s portfolio. Trust Department Mb Financial Bank N A sold out all of its stake in LPLA during the most recent quarter. The investment firm sold 3,000 shares of LPLA which is valued $71,280.
LPL Financial Holdings Inc opened for trading at $28.35 and hit $29.23 on the upside on Tuesday, eventually ending the session at $28.81, with a gain of 1.62% or 0.46 points. The heightened volatility saw the trading volume jump to 6,61,758 shares. Company has a market cap of $2,566 M.
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 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.