LPL Financial Holdings Inc (NASDAQ: LPLA) has seen a rise in its stock price by 4.12 in relation to its previous close of 212.10. However, the company has experienced a 6.69% gain in its stock price over the last five trading sessions. globenewswire.com reported 2024-09-19 that SAN DIEGO, Sept. 19, 2024 (GLOBE NEWSWIRE) — LPL Financial LLC (“LPL Financial”), a wholly owned subsidiary of LPL Financial Holdings Inc. ( Nasdaq: LPLA ) (the “Company”), today released its monthly activity report for August 2024.
Is It Worth Investing in LPL Financial Holdings Inc (NASDAQ: LPLA) Right Now?
LPL Financial Holdings Inc (NASDAQ: LPLA) has a higher price-to-earnings ratio of 17.23x compared to its average ratio, The 36-month beta value for LPLA is at 0.89. Analysts have varying views on the stock, with 4 analysts rating it as a “buy,” 1 rating it as “overweight,” 4 as “hold,” and 1 as “sell.”
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The public float for LPLA is 74.16M, and currently, shorts hold a 1.86% of that float. The average trading volume for LPLA on September 20, 2024 was 1.08M shares.
LPLA’s Market Performance
LPLA’s stock has seen a 6.69% increase for the week, with a 0.69% rise in the past month and a -23.54% fall in the past quarter. The volatility ratio for the week is 2.58%, and the volatility levels for the past 30 days are at 2.46% for LPL Financial Holdings Inc The simple moving average for the last 20 days is 2.10% for LPLA stock, with a simple moving average of -10.87% for the last 200 days.
Analysts’ Opinion of LPLA
Many brokerage firms have already submitted their reports for LPLA stocks, with Wells Fargo repeating the rating for LPLA by listing it as a “Equal Weight.” The predicted price for LPLA in the upcoming period, according to Wells Fargo is $235 based on the research report published on September 12, 2024 of the current year 2024.
BofA Securities, on the other hand, stated in their research note that they expect to see LPLA reach a price target of $268. The rating they have provided for LPLA stocks is “Buy” according to the report published on July 30th, 2024.
Morgan Stanley gave a rating of “Overweight” to LPLA, setting the target price at $315 in the report published on April 09th of the current year.
LPLA Trading at 0.80% 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 -23.82% of loss for the given period.
Volatility was left at 2.46%, however, over the last 30 days, the volatility rate increased by 2.58%, as shares sank -1.00% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -19.09% lower at present.
During the last 5 trading sessions, LPLA rose by +6.69%, which changed the moving average for the period of 200-days by -0.52% in comparison to the 20-day moving average, which settled at $216.17. In addition, LPL Financial Holdings Inc saw -2.98% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at LPLA starting from Arnold Dan H., who sale 5,677 shares at the price of $277.31 back on Jun 14 ’24. After this action, Arnold Dan H. now owns 142,608 shares of LPL Financial Holdings Inc, valued at $1,574,289 using the latest closing price.
Sethi Kabir, the Managing Director of LPL Financial Holdings Inc, sale 1,300 shares at $266.50 during a trade that took place back on Feb 26 ’24, which means that Sethi Kabir is holding 10,245 shares at $346,451 based on the most recent closing price.
Stock Fundamentals for LPLA
Current profitability levels for the company are sitting at:
- 0.18 for the present operating margin
- 0.33 for the gross margin
The net margin for LPL Financial Holdings Inc stands at 0.09. The total capital return value is set at 0.23. Equity return is now at value 42.02, with 9.33 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 0.12. The debt to equity ratio resting at 1.85. The interest coverage ratio of the stock is 8.45.
Currently, EBITDA for the company is 2.03 billion with net debt to EBITDA at 0.83. When we switch over and look at the enterprise to sales, we see a ratio of 1.69. The receivables turnover for the company is 3.46for trailing twelve months and the total asset turnover is 0.95.
Conclusion
In conclusion, LPL Financial Holdings Inc (LPLA) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
