Just How Negative is Compass Point Following Their Downgrade of LPL Financial (NASDAQ:LPLA)?

LPL Financial Holdings Inc. (NASDAQ:LPLA) Logo

Investors sentiment decreased to 0.68 in Q4 2018. Its down 0.46, from 1.14 in 2018Q3. It worsened, as 33 investors sold LPL Financial Holdings Inc. shares while 102 reduced holdings. 27 funds opened positions while 65 raised stakes. 75.68 million shares or 1.70% less from 76.98 million shares in 2018Q3 were reported.

Wealthtrust owns 8 shares. Zacks Investment Management reported 21,184 shares. 6,132 are owned by Eqis Capital. Logan Capital Mngmt Incorporated accumulated 0.02% or 4,600 shares. Point72 Asset Mgmt Ltd Partnership invested in 0.13% or 436,198 shares. Bnp Paribas Asset Management Sa has 44,426 shares. Trexquant Investment L P accumulated 34,363 shares. New Mountain Vantage Advisers Ltd Llc reported 578,672 shares. London Co Of Virginia reported 0% in LPL Financial Holdings Inc. (NASDAQ:LPLA). Zweig invested in 1.31% or 216,275 shares. Moreover, Alpha Windward Limited Liability Corporation has 0.01% invested in LPL Financial Holdings Inc. (NASDAQ:LPLA) for 133 shares. Clarivest Asset Lc invested in 0.24% or 179,514 shares. Barclays Public Limited invested in 0% or 19,826 shares. Castleark Mngmt Ltd Liability Company stated it has 0.2% of its portfolio in LPL Financial Holdings Inc. (NASDAQ:LPLA). Gam Ag owns 0.03% invested in LPL Financial Holdings Inc. (NASDAQ:LPLA) for 8,964 shares.

Since November 27, 2018, it had 0 buys, and 7 sales for $12.95 million activity. On Wednesday, December 12 RIEPE JAMES S sold $274,137 worth of LPL Financial Holdings Inc. (NASDAQ:LPLA) or 4,517 shares. 23,892 shares were sold by White George Burton, worth $1.58M. Arnold Dan H. had sold 36,774 shares worth $2.57M. Another trade for 40,000 shares valued at $3.08M was sold by Kalbaugh John Andrew. Shares for $378,000 were sold by Oroschakoff Michelle.

LPL Financial (NASDAQ:LPLA) Receives a Downgrade

It appears that trading for shares of LPL Financial (NASDAQ:LPLA) will be interesting to watch today. Compass Point downgraded the stock from their past Buy rating to a more current Neutral.

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

Among 5 analysts covering LPL Financial Holdings (NASDAQ:LPLA), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. LPL Financial Holdings has $100 highest and $65 lowest target. $78.40’s average target is -6.93% below currents $84.24 stock price. LPL Financial Holdings had 7 analyst reports since November 14, 2018 according to SRatingsIntel. As per Friday, January 4, the company rating was maintained by Wells Fargo. The firm has “Buy” rating given on Tuesday, November 27 by Goldman Sachs. The company was maintained on Wednesday, November 14 by Morgan Stanley. On Wednesday, March 6 the stock rating was maintained by Citigroup with “Buy”.

The stock decreased 0.05% or $0.04 during the last trading session, reaching $84.24. About 455,553 shares traded. LPL Financial Holdings Inc. (NASDAQ:LPLA) has risen 20.44% since May 8, 2018 and is uptrending. It has outperformed by 16.07% the S&P500.

Analysts await LPL Financial Holdings Inc. (NASDAQ:LPLA) to report earnings on July, 25. They expect $1.70 earnings per share, up 30.77 % or $0.40 from last year’s $1.3 per share. LPLA’s profit will be $141.83 million for 12.39 P/E if the $1.70 EPS becomes a reality. After $1.93 actual earnings per share reported by LPL Financial Holdings Inc. for the previous quarter, Wall Street now forecasts -11.92 % 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 $7.03 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 14.98 P/E ratio. The company??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: Seekingalpha.com which released: “LPL Financial Holdings Inc. 2018 Q4 – Results – Earnings Call Slides – Seeking Alpha” on January 31, 2019, also Globenewswire.com with their article: “LPL Financial Welcomes Seacoast Financial Network Nasdaq:LPLA – GlobeNewswire” published on March 28, 2019, Globenewswire.com published: “LPL Financial Welcomes Baraboo State Bank Nasdaq:LPLA – GlobeNewswire” on January 14, 2019. More interesting news about LPL Financial Holdings Inc. (NASDAQ:LPLA) were released by: Globenewswire.com and their article: “LPL Financial Welcomes Steve Melen Nasdaq:LPLA – GlobeNewswire” published on April 15, 2019 as well as Nasdaq.com‘s news article titled: “LPL Financial (LPLA) Is Up 13.74% in One Week: What You Should Know – Nasdaq” with publication date: May 08, 2019.

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

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.