LPL Financial Holdings Inc (NASDAQ: LPLA) is 2.12% higher on its value in year-to-date trading and has touched a low of $187.19 and a high of $344.86 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 $335.64 in the last trading session, with the day’s loss setting it -2.22%.
Currently trading at $333.42, the stock is 0.98% and 5.07% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.42 million and changing -0.66% at the moment leaves the stock 25.43% off its SMA200. LPLA registered 40.35% gain for a year compared to 6-month gain of 22.16%. The firm has a 50-day simple moving average (SMA 50) of $317.3346 and a 200-day simple moving average (SMA200) of $265.81955.
The stock witnessed a 1.79% loss in the last 1 month and extending the period to 3 months gives it a 39.68%, and is 2.12% 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 2.50% over the week and 2.26% over the month.
LPL Financial Holdings Inc (LPLA) has around 8400 employees, a market worth around $24.97B and $11.52B in sales. Current P/E ratio is 25.08 and Fwd P/E is 16.86. Profit margin for the company is 8.73%. Distance from 52-week low is 78.12% and -3.32% from its 52-week high. The company has generated returns on investments over the last 12 months (13.49%).
The EPS is expected to grow by 2.87% this year
893.0 institutions hold shares in LPL Financial Holdings Inc (LPLA), with institutional investors hold 98.17% of the company’s shares. The shares outstanding are 74.81M, and float is at 74.30M with Short Float at 1.15%. Institutions hold 97.50% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 7.19 million shares valued at $2.01 billion. The investor’s holdings represent 9.6401 of the LPLA Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 5.3 million shares valued at $1.48 billion to account for 7.1119 of the shares outstanding. The other top investors are FMR LLC which holds 2.67 million shares representing 3.5835 and valued at over $746.26 million, while KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC holds 3.4733 of the shares totaling 2.59 million with a market value of $723.33 million.
LPL Financial Holdings Inc (LPLA) Insider Activity
Still, SEC filings show that on Dec 05 ’24, Jambusaria Aneri (Managing Director) disposed off 305 shares at an average price of $331.94 for $0.1 million. The insider now directly holds 3,920 shares of LPL Financial Holdings Inc (LPLA).
