LPL Financial Holdings Inc. (LPLA) receives a Neutral rating from Credit Suisse


In a filing, LPL Financial Holdings Inc. revealed its Director Glavin William Francis Jr acquired Company’s shares for reported $0.1 million on May 04. In the deal valued at $180.23 per share,557 shares were bought. As a result of this transaction, Glavin William Francis Jr now holds 2,775 shares worth roughly $ 0.65 million.

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Then, Arnold Dan H. sold 38,444 shares, generating $9,464,734 in total proceeds. Upon selling the shares at $246.20, the President & CEO now owns 154,884 shares.

Before that, Audette Matthew J sold 7,111 shares. LPL Financial Holdings Inc. shares valued at $1,750,480 were divested by the Chief Financial Officer at a price of $246.17 per share. As a result of the transaction, Audette Matthew J now holds 12,644 shares, worth roughly $2.96 million.

Credit Suisse downgraded its LPL Financial Holdings Inc. [LPLA] rating to a Neutral from a an Outperform in a research note published on Friday, April 03, 2023; the price target was decreased to $205 from $245. PT values the company’s stock at a premium of -14.32 to its Friday closing price.

Price Performance Review of LPLA

On Friday, LPL Financial Holdings Inc. [NASDAQ:LPLA] saw its stock jump 1.63% to $234.35. On the same session, the stock had its day’s lowest price of $229.24, but rose to a high of $237.26. Over the last five days, the stock has gained 0.09%. LPL Financial Holdings Inc. shares have risen nearly 8.41% since the year began. Nevertheless, the stocks have risen 5.88% over the past one year. While a 52-week high of $271.56 was reached on 03/07/23, a 52-week low of $179.00 was recorded on 05/04/23. SMA at 50 days reached $226.63, while 200 days put it at $218.61. A total of 0.54 million shares were traded, compared to the trading of 0.61 million shares in the previous session.

Levels Of Support And Resistance For LPLA Stock

The 24-hour chart illustrates a support level at 229.97, which if violated will result in even more drops to 225.60. On the upside, there is a resistance level at 237.99. A further resistance level may holdings at 241.64. The Relative Strength Index (RSI) on the 14-day chart is 56.41, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.16, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 21.86%. Stochastics %K at 70.34% indicates the stock is a holding.

How much short interest is there in LPL Financial Holdings Inc.?

A steep rise in short interest was recorded in LPL Financial Holdings Inc. stocks on Aug 14, 2023, growing by 2860.0 shares to a total of 0.88 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 0.88 million shares. There was a rise of 0.32%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.16% of the overall stock float, the days-to-cover ratio (short ratio) rose to 1.27.

LPL Financial Holdings Inc. [LPLA] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 7,243,977 shares, or roughly 9.33% of the outstanding LPLA shares. In other words, the investor’s shares have fallen by -512,579 from its previous 13-F filing of 7756556.0. Additionally, BlackRock Fund Advisors decreased -9.29% of its stake after which the total value it holdings stand at $782,549,026, while Janus Henderson Investors US LLC added 2.25% of its stake to hold $771.5 million in the firm. Over the last quarter, WCM Investment Management LLC sold -17,200 shares of LPL Financial Holdings Inc., while Fidelity Management & Research Co sold -1,522,129 shares. At present, Capital Research & Management Co is holding 2,197,845 shares valued at $504.1 million. Kayne Anderson Rudnick Investment owned 2,065,911 shares of the company at the time of its most recent 13F filing, worth $473.84 million.

According to FactSet, LPL Financial Holdings Inc.’s share price will average $259.82 in the next year, based on opinions of analysts polled by the firm. This is up nearly 14.92 percent from its previous closing price of $230.59. Analysts expect LPL Financial Holdings Inc. stock to reach the higher price of $290.00, while the lowest price estimate is $230.00. However, 13 analysts have rated LPLA stock as an Overweight in their predictions for 2023.


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