LPL Financial Holdings Inc (NASDAQ: LPLA) is 12.37% higher on its value in year-to-date trading and has touched a low of $187.19 and a high of $366.00 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 $361.80 in the last trading session, with the day’s gains setting it 5.09%.
Currently trading at $366.89, the stock is 6.04% and 9.78% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.32 million and changing 1.41% at the moment leaves the stock 34.66% off its SMA200. LPLA registered 50.17% gain for a year compared to 6-month gain of 65.62%. The firm has a 50-day simple moving average (SMA 50) of $334.1938 and a 200-day simple moving average (SMA200) of $272.45596.
The stock witnessed a 12.21% loss in the last 1 month and extending the period to 3 months gives it a 38.12%, and is 1.83% 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 2.92% over the week and 2.33% over the month.
LPL Financial Holdings Inc (LPLA) has around 8400 employees, a market worth around $27.47B and $12.39B in sales. Current P/E ratio is 26.15 and Fwd P/E is 15.36. Profit margin for the company is 8.55%. Distance from 52-week low is 96.00% and 0.24% from its 52-week high. The company has generated returns on investments over the last 12 months (12.56%).
with sales reaching $3.64B over the same period.The EPS is expected to grow by 20.67% this year, but quarterly earnings will post 23.53% year-over-year. Quarterly sales are estimated to grow 28.52% in year-over-year returns.
LPL Financial Holdings Inc (LPLA) Top Institutional Holders
910.0 institutions hold shares in LPL Financial Holdings Inc (LPLA), with institutional investors hold 98.11% of the company’s shares. The shares outstanding are 75.34M, and float is at 74.30M with Short Float at 1.07%. Institutions hold 97.44% 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
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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).
