LPL Financial Holdings Inc (NASDAQ: LPLA) is -2.01% lower on its value in year-to-date trading and has touched a low of $187.19 and a high of $289.88 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The LPLA stock was last observed hovering at around $219.31 in the last trading session, with the day’s gains setting it 3.74%.
Currently trading at $223.05, the stock is 5.42% and -8.63% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.81 million and changing 1.71% at the moment leaves the stock -10.24% off its SMA200. LPLA registered -3.85% loss for a year compared to 6-month loss of -13.04%.
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The stock witnessed a 1.16% gain in the last 1 month and extending the period to 3 months gives it a -17.28%, and is 2.99% 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 2.34% over the week and 4.05% over the month.
LPL Financial Holdings Inc (LPLA) has around 8400 employees, a market worth around $16.68B and $10.93B in sales. Current P/E ratio is 17.41 and Fwd P/E is 11.38. Profit margin for the company is 8.91%. Distance from 52-week low is 19.16% and -23.05% from its 52-week high. The company has generated returns on investments over the last 12 months (13.56%).
The EPS is expected to grow by 1.86% this year
927.0 institutions hold shares in LPL Financial Holdings Inc (LPLA), with institutional investors hold 98.30% of the company’s shares. The shares outstanding are 74.66M, and float is at 74.07M with Short Float at 1.15%. Institutions hold 97.63% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 7.05 million shares valued at $1.86 billion. The investor’s holdings represent 9.1749 of the LPLA Shares outstanding. As of 2024-03-31, the second largest holder is BLACKROCK INC. with 6.08 million shares valued at $1.61 billion to account for 7.9124 of the shares outstanding. The other top investors are FMR LLC which holds 3.17 million shares representing 4.1211 and valued at over $836.27 million, while JANUS HENDERSON GROUP PLC holds 3.3535 of the shares totaling 2.58 million with a market value of $680.5 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 5,677 shares of the company’s common stock on Jun 14 ’24 at a price of $277.31 per share for a total of $1.57 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 Sethi Kabir (Managing Director) sold a total of 1,300 shares of the company’s common stock. The trade occurred on Feb 26 ’24 and was made at $266.50 per share for $0.35 million. Following the transaction, the insider now directly holds 10245.0 shares of the LPLA stock.
Still, SEC filings show that on Feb 26 ’24, Gates Greg (Managing Director) disposed off 11,401 shares at an average price of $266.27 for $3.04 million. The insider now directly holds 19,080 shares of LPL Financial Holdings Inc (LPLA).
