LPL Financial Holdings Inc (NASDAQ: LPLA) has a higher price-to-earnings ratio of 23.66x compared to its average ratio. LPLA has 36-month beta value of 0.85. Analysts have mixed views on the stock, with 4 analysts rating it as a “buy,” 1 as “overweight,” 4 as “hold,” and 1 as “sell.”
The public float for LPLA is 74.31M, and currently, short sellers hold a 1.22% ratio of that float. The average trading volume of LPLA on November 15, 2024 was 832.08K shares.
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LPLA) stock’s latest price update
The stock of LPL Financial Holdings Inc (NASDAQ: LPLA) has decreased by -0.04 when compared to last closing price of 314.68. Despite this, the company has experienced a 3.16% gain in its stock price over the last five trading sessions. globenewswire.com reported 2024-11-14 that SAN DIEGO, Nov. 14, 2024 (GLOBE NEWSWIRE) — LPL Financial LLC, announced today that the financial advisors at Prosperity Investment Management have joined LPL Financial’s broker-dealer, RIA and custodial platforms. They reported having approximately $140 million in advisory, brokerage and retirement plan assets* and join LPL from Osaic.
LPLA’s Market Performance
LPL Financial Holdings Inc (LPLA) has experienced a 3.16% rise in stock performance for the past week, with a 23.46% rise in the past month, and a 42.65% rise in the past quarter. The volatility ratio for the week is 2.28%, and the volatility levels for the past 30 days are at 2.47% for LPLA. The simple moving average for the past 20 days is 11.37% for LPLA’s stock, with a 23.92% simple moving average for the past 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 “Overweight.” The predicted price for LPLA in the upcoming period, according to Wells Fargo is $285 based on the research report published on October 09, 2024 of the current year 2024.
Wells Fargo, on the other hand, stated in their research note that they expect to see LPLA reach a price target of $235. The rating they have provided for LPLA stocks is “Equal Weight” according to the report published on September 12th, 2024.
BofA Securities gave a rating of “Buy” to LPLA, setting the target price at $268 in the report published on July 30th of the current year.
LPLA Trading at 25.73% 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 -2.29% of loss for the given period.
Volatility was left at 2.47%, however, over the last 30 days, the volatility rate increased by 2.28%, as shares surge +19.95% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +45.71% upper at present.
During the last 5 trading sessions, LPLA rose by +3.16%, which changed the moving average for the period of 200-days by +31.50% in comparison to the 20-day moving average, which settled at $282.42. In addition, LPL Financial Holdings Inc saw 38.19% 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 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:
- 0.17 for the present operating margin
- 0.32 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 41.36, with 9.38 for asset returns.
Based on LPL Financial Holdings Inc (LPLA), the company’s capital structure generated 0.62 points at debt to capital in total, while cash flow to debt ratio is standing at 0.13. The debt to equity ratio resting at 1.6. The interest coverage ratio of the stock is 8.07.
Currently, EBITDA for the company is 1.99 billion with net debt to EBITDA at 1.37. When we switch over and look at the enterprise to sales, we see a ratio of 2.32. The receivables turnover for the company is 3.4for trailing twelve months and the total asset turnover is 0.96.
Conclusion
To put it simply, LPL Financial Holdings Inc (LPLA) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
