LPL Financial Holdings Inc (NASDAQ: LPLA)’s stock price has gone decline by -1.35 in comparison to its previous close of 269.13, however, the company has experienced a 0.36% increase in its stock price over the last five trading days. Zacks Investment Research reported 2024-05-01 that Higher revenues and brokerage and advisory assets balance support LPL Financial’s (LPLA) Q1 earnings, while a rise in expenses acts as an undermining factor.
Is It Worth Investing in LPL Financial Holdings Inc (NASDAQ: LPLA) Right Now?
The price-to-earnings ratio for LPL Financial Holdings Inc (NASDAQ: LPLA) is above average at 19.45x. The 36-month beta value for LPLA is also noteworthy at 0.83. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 1 rating it as “overweight,” 4 rating it as “hold,” and 1 rating it as “sell.”
The public float for LPLA is 73.83M, and at present, short sellers hold a 1.45% of that float. The average trading volume of LPLA on May 02, 2024 was 531.61K shares.
LPLA’s Market Performance
LPLA’s stock has seen a 0.36% increase for the week, with a 0.68% rise in the past month and a 11.00% gain in the past quarter. The volatility ratio for the week is 2.68%, and the volatility levels for the past 30 days are at 2.25% for LPL Financial Holdings Inc. The simple moving average for the past 20 days is 0.97% for LPLA’s stock, with a 10.65% simple moving average for the past 200 days.
Analysts’ Opinion of LPLA
Many brokerage firms have already submitted their reports for LPLA stocks, with Morgan Stanley repeating the rating for LPLA by listing it as a “Overweight.” The predicted price for LPLA in the upcoming period, according to Morgan Stanley is $315 based on the research report published on April 09, 2024 of the current year 2024.
TD Cowen gave a rating of “Market Perform” to LPLA, setting the target price at $224 in the report published on January 04th of the current year.
LPLA Trading at 0.46% from the 50-Day Moving Average
After a stumble in the market that brought LPLA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -3.46% of loss for the given period.
Volatility was left at 2.25%, however, over the last 30 days, the volatility rate increased by 2.68%, as shares surge +0.82% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.76% upper at present.
During the last 5 trading sessions, LPLA rose by +0.36%, which changed the moving average for the period of 200-days by +17.56% in comparison to the 20-day moving average, which settled at $263.04. In addition, LPL Financial Holdings Inc saw 16.64% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at LPLA starting from Arnold Dan H., who sale 34,807 shares at the price of $266.54 back on Feb 26 ’24. After this action, Arnold Dan H. now owns 141,810 shares of LPL Financial Holdings Inc, valued at $9,277,539 using the latest closing price.
Gates Greg, the Managing Director of LPL Financial Holdings Inc, sale 11,401 shares at $266.27 during a trade that took place back on Feb 26 ’24, which means that Gates Greg is holding 19,080 shares at $3,035,697 based on the most recent closing price.
Stock Fundamentals for LPLA
Current profitability levels for the company are sitting at:
- 0.23 for the present operating margin
- 0.42 for the gross margin
The net margin for LPL Financial Holdings Inc stands at 0.15. The total capital return value is set at 0.23. Equity return is now at value 50.22, with 10.56 for asset returns.
Based on LPL Financial Holdings Inc (LPLA), the company’s capital structure generated 0.65 points at debt to capital in total, while cash flow to debt ratio is standing at 0.14. The debt to equity ratio resting at 1.82. The interest coverage ratio of the stock is 8.55.
Currently, EBITDA for the company is 2.03 billion with net debt to EBITDA at 0.59. When we switch over and look at the enterprise to sales, we see a ratio of 2.95. The receivables turnover for the company is 2.48for trailing twelve months and the total asset turnover is 0.68.
Conclusion
In summary, LPL Financial Holdings Inc (LPLA) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
