LPL Financial (NASDAQ:LPLA) Upgraded at Morgan Stanley

Mae Love
January 13, 2018

Zacks Investment Research cut shares of LPL Financial (NASDAQ:LPLA) from a hold rating to a sell rating in a research note published on Tuesday, January 2nd. The Moore Capital Management Lp holds 165,000 shares with $29.92 million value, up from 25,000 last quarter.

LPL Financial Holdings Inc is a broker-dealer, a custodian for registered investment advisors and an independent consultant to retirement plans. The stock increased 0.61% or $0.37 during the last trading session, reaching $61.19. About 656,133 shares traded. LPL Financial Holdings Inc., formerly known as LPL Investment Holdings Inc., is based in Boston, Massachusetts. (NASDAQ:LPLA) has risen 64.23% since January 10, 2017 and is uptrending. It has outperformed by 47.53% the S&P500.

Trexquant Investment Lp decreased its stake in T Mobile Us Inc (TMUS) by 39.75% based on its latest 2017Q3 regulatory filing with the SEC. Accern also gave press coverage about the financial services provider an impact score of 46.5516092039405 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future. Cenovus Energy Inc now has $12.68 billion valuation. About 8.20 million shares traded or 23.53% up from the average. Brookdale Senior Living Inc. TCF Financial Corporation (NYSE:TCF) has 0.00% since January 13, 2017 and is. It has underperformed by 50.71% the S&P500. Tower Research Capital (Trc) holds 0% in LPL Financial Holdings Inc. Therefore 50% are positive. Finally, Utah Retirement Systems increased its holdings in LPL Financial by 3.2% in the second quarter. Keefe, Bruyette & Woods reissued a buy rating and set a $66.00 target price on shares of LPL Financial in a research note on Friday, December 22nd. The firm has "Buy" rating by Citigroup given on Monday, October 30. The firm now has a $42.00 price objective on the financial services provider's stock. Citigroup maintained the stock with "Neutral" rating in Friday, May 27 report. The firm earned "Underweight" rating on Monday, September 26 by Morgan Stanley. The rating was maintained by Nomura with "Neutral" on Monday, April 4. On Wednesday, October 12 the stock rating was downgraded by JP Morgan to "Neutral". The rating was maintained by Credit Suisse on Friday, February 12 with "Neutral".

State of Wisconsin Investment Board increased its position in shares of LPL Financial by 2.9% during the second quarter. Its up 0.73, from 1.27 in 2017Q2. After $0.63 actual EPS reported by LPL Financial Holdings Inc. for the previous quarter, Wall Street now forecasts -34.92% negative EPS growth. Cipher Capital Limited Partnership invested in 19,664 shares. (NASDAQ:LPLA). Martingale Asset Mgmt Lp holds 0.05% of its portfolio in LPL Financial Holdings Inc. (NASDAQ:LPLA). Chicago Equity Ptnrs Llc holds 0.12% or 74,030 shares. Pictet Asset Limited holds 0.3% of its portfolio in Netflix, Inc. Clearbridge Investments Limited Liability Com has 0% invested in LPL Financial Holdings Inc. Public Employees Retirement Association of Colorado grew its stake in shares of LPL Financial by 1.9% in the 2nd quarter. (NASDAQ:LPLA) for 3.75 million shares. Samlyn Capital LLC now owns 1,480,439 shares of the financial services provider's stock worth $62,860,000 after acquiring an additional 528,780 shares during the last quarter. The stock of LPL Financial Holdings Inc. (NASDAQ:LPLA). Axa reported 6,700 shares or 0% of all its holdings. Junto Capital Lp stated it has 3.49% in LPL Financial Holdings Inc. Amf Pensionsforsakring owns 338,420 shares for 0.67% of their portfolio. Comerica Bancorporation owns 4,053 shares. Three Corner Global Investors Lp has 669,893 shares. Vanguard Grp Inc holds 0.02% in LPL Financial Holdings Inc.

LPL Financial (NASDAQ:LPLA) last posted its quarterly earnings data on Thursday, October 26th. The financial services provider reported $0.63 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.60 by $0.03. LPLA's profit will be $36.96 million for 37.31 P/E if the $0.41 EPS becomes a reality. Wal (NYSE:WMT) was raised too. It also reduced Nexpoint Cr Strategies Fd stake by 185,006 shares and now owns 43,463 shares. Open Text Corp (NASDAQ:OTEX) was reduced too.

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The business services provider reported $1.52 EPS for the quarter, beating analysts' consensus estimates of $1.37 by $0.15. Its up 0.03, from 0.98 in 2017Q2. 601.66 million shares or 1.15% less from 608.67 million shares in 2017Q2 were reported.

Among 8 analysts covering Brookdale Senior Living (NYSE:BKD), 6 have Buy rating, 1 Sell and 1 Hold. Therefore 44% are positive. Goldman Sachs downgraded the stock to "Sell" rating in Tuesday, April 5 report. As per Thursday, October 5, the company rating was maintained by Keefe Bruyette & Woods. Highland Capital Management Lp who had been investing in K12 Inc for a number of months, seems to be less bullish one the $664.63 million market cap company. Jefferies maintained Brookdale Senior Living Inc. (NASDAQ:TMUS) on Thursday, October 1 with "Buy" rating. Jefferies has "Buy" rating and $15.5 target.

LPL Financial announced that its Board of Directors has initiated a share repurchase plan on Tuesday, December 5th that authorizes the company to buyback $359.00 million in outstanding shares. The firm has "Hold" rating given on Tuesday, September 5 by Numis Securities. Credit Suisse has "Outperform" rating and $28 target.

Investors sentiment increased to 1.09 in 2017 Q3. Its down 0.30, from 1.36 in 2017Q2. 115 funds opened positions while 233 raised stakes. 180.11 million shares or 0.36% more from 179.47 million shares in 2017Q2 were reported. Bluestein R H And invested in 10,000 shares. (NASDAQ:LPLA). Timpani Capital Mngmt Ltd Liability Co owns 54,644 shares. Hennessy Advsrs accumulated 211,400 shares or 0.12% of the stock. First Advsrs LP owns 427,092 shares or 0.07% of their United States portfolio. Maverick Capital has 0.04% invested in Brookdale Senior Living Inc. Renaissance Tech Limited Liability reported 0.01% stake. The company has market cap of 7.21 billion GBP. Great West Life Assurance Communication Can invested in 0% or 4,287 shares. 54,100 were accumulated by Fuller & Thaler Asset Mgmt. Swiss National Bank & Trust, a Switzerland-based fund reported 306,239 shares.

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