LPL Financial Holdings Inc (NASDAQ: LPLA) is 15.68% higher on its value in year-to-date trading and has touched a low of $179.00 and a high of $274.35 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The LPLA stock was last observed hovering at around $259.54 in the last trading session, with the day’s gains setting it 3.78%.
Currently trading at $263.32, the stock is -0.19% and 1.32% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.73 million and changing 1.46% at the moment leaves the stock 11.23% off its SMA200. LPLA registered 34.85% gain for a year compared to 6-month gain of 11.03%. The firm has a 50-day simple moving average (SMA 50) of $2.30 and a 200-day simple moving average (SMA200) of $11.66.
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The stock witnessed a -0.73% loss in the last 1 month and extending the period to 3 months gives it a 12.45%, and is 2.69% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.23% over the week and 2.12% over the month.
LPL Financial Holdings Inc (LPLA) has around 8400 employees, a market worth around $19.60B and $10.05B in sales. Current P/E ratio is 19.29 and Fwd P/E is 13.40. Profit margin for the company is 10.61%. Distance from 52-week low is 47.11% and -4.02% from its 52-week high. The company has generated returns on investments over the last 12 months (17.79%).
LPL Financial Holdings Inc quarterly earnings per share for the current quarter are estimated at $3.81 with sales reaching $2.71B over the same period.The EPS is expected to grow by 0.85% this year, but quarterly earnings will post 15.00% year-over-year. Quarterly sales are estimated to grow 12.00% in year-over-year returns.
854 institutions hold shares in LPL Financial Holdings Inc (LPLA), with institutional investors hold 97.27% of the company’s shares. The shares outstanding are 74.66M, and float is at 73.83M with Short Float at 1.71%. Institutions hold 96.67% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 7.42 million shares valued at $1.61 billion. The investor’s holdings represent 9.80% of the LPLA Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 6.28 million shares valued at $1.36 billion to account for 8.29% of the shares outstanding. The other top investors are Janus Henderson Group PLC which holds 3.38 million shares representing 4.47% and valued at over $734.93 million, while WCM Investment Management, LLC holds 3.25% of the shares totaling 2.46 million with a market value of $583.91 million.
LPL Financial Holdings Inc (LPLA) Insider Activity
The most recent transaction is an insider sale by Arnold Dan H., the company’s President & CEO. SEC filings show that Arnold Dan H. sold 34,807 shares of the company’s common stock on Feb 26 ’24 at a price of $266.54 per share for a total of $9.28 million. Following the sale, the insider now owns 0.14 million shares.
LPL Financial Holdings Inc disclosed in a document filed with the SEC on Feb 26 ’24 that Gates Greg (Managing Director) sold a total of 11,401 shares of the company’s common stock. The trade occurred on Feb 26 ’24 and was made at $266.27 per share for $3.04 million. Following the transaction, the insider now directly holds 19080.0 shares of the LPLA stock.
Still, SEC filings show that on Feb 26 ’24, Audette Matthew J (CFO and Head of Business Ops) disposed off 5,574 shares at an average price of $266.52 for $1.49 million. The insider now directly holds 13,663 shares of LPL Financial Holdings Inc (LPLA).
