LPL Financial Holdings Inc (LPLA) : Cacti Asset Management added new position in LPL Financial Holdings Inc during the most recent quarter end. The investment management firm now holds 10,000 shares of LPL Financial Holdings Inc which is valued at $250,100 according to a report filed by the company on Apr 1, 2016 with the SEC.LPL Financial Holdings Inc makes up approximately 0.03% of Cacti Asset Management’s portfolio.
On the company’s financial health, LPL Financial Holdings Inc reported $0.37 EPS for the quarter, missing the analyst consensus estimate by $ -0.14 based on the information available during the earnings call on Feb 11, 2016. Analyst had a consensus of $0.51. The company had revenue of $1020.00 million for the quarter, compared to analysts expectations of $1046.08 million. The company’s revenue was down -7.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.66 EPS.
Many Wall Street Analysts have commented on LPL Financial Holdings Inc. LPL Financial Holdings Inc was Downgraded by Goldman to ” Sell” on Apr 5, 2016. LPL Financial Holdings Inc was Upgraded by Citigroup to ” Neutral” on Feb 17, 2016. LPL Financial Holdings Inc was Upgraded by Credit Suisse to ” Outperform” on Feb 16, 2016.
LPL Financial Holdings Inc opened for trading at $23.06 and hit $24.125 on the upside on Monday, eventually ending the session at $23.23, with a gain of 1.75% or 0.4 points. The heightened volatility saw the trading volume jump to 8,57,850 shares. Company has a market cap of $2,066 M.
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.