As of Friday close, LPL Financial Holdings Inc.’s (NASDAQ:LPLA) stock was up $5.92, moving up 2.70 percent to $225.11. The average number of shares traded per day over the past five days has been 389,180 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.51 fall in that time frame. In the last twenty days, the average volume was 659,390, while in the previous 50 days, it was 681,164.
Since last month, LPLA stock retreated -3.37%. Shares of the company fell to $218.60 on 08/18/23, the lowest level in the past month. A 52-week high of $271.56 was reached on 03/07/23 after having rallying from a 52-week low of $179.00. Since the beginning of this year, LPLA’s stock price has risen by 4.14% or $8.94, and marked a new high 21 times. However, the stock has declined by -17.10% since its 52-week high.
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LPLA stock investors should be aware that LPL Financial Holdings Inc. (LPLA) stock had its last reported insider trading activity 107 days ago on May 04. Glavin William Francis Jr, the Director of the company, purchased of 557 shares for $180.23 on May 04. It resulted in a $100,388 investment by the insider. Arnold Dan H. sold 38,444 shares at an average price of $246.20 on Feb 27. The insider now owns 154,884 shares following the transaction. On Feb 27, Chief Financial Officer Audette Matthew J sold 7,111 shares at $246.17 apiece. The transaction was valued at $1,750,480.
Valuation Metrics
Right now, LPL Financial Holdings Inc. (LPLA) has a P/E ratio of about 15.32. The stock’s beta is 0.93. Besides these, the trailing price-to-sales (P/S) ratio of 1.83, the price-to-book (PB) ratio of 8.19, and the price-to-cash flow ratio of 9.60 may also be considered.
The latest dividend of $0.30 per share was paid out, remained unchanged from last year’s $0.30. On Thursday February 2 2023, a $0.05 dividend increase was announced.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 1.46, and the total debt-to-equity ratio was 1.46. On the profitability front, the trailing twelve-month gross margin is 99.00% percent. In the year ended June 29, operating margins totaled 18.30%. Based on annual data, LPLA earned $1.24 billion in gross profit and brought in $8.6 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 19.50%. Return on equity (ROE) for the past 12 months was 55.40%.
In LPL Financial Holdings Inc.’s quarter-end financial report for June 29, it reported total debt of $2.72 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. LPLA’s revenue rose 16.25% to $2.07 billion during the quarter, while net income inched up to $2.04 billion. While analysts expected LPL Financial Holdings Inc. to report $3.88 quarterly earnings, the actual figure was $3.94 per share, beating the consensus estimate by 1.50%. During the quarter, the company generated $520.8 million in EBITDA. The value of shareholders’ equity is $76.3 million.
Technical Picture
This quick technical analysis looks at LPL Financial Holdings Inc.’s (LPLA) price momentum. With a historical volatility rate of 24.20%, the RSI 9-day stood at 47.90% on 18 August.
With respect to its five-day moving average, the current LPL Financial Holdings Inc. price is down by -0.23% percent or -$0.51. At present, LPLA shares trade -2.29% below its 20-day simple moving average and +12.27% percent above its 100-day simple moving average. However, the stock is currently trading approximately +9.87% above its SMA50 and -11.95% below its SMA200.
Stochastic coefficient K was 11.67% and Stochastic coefficient D was 8.79%, while ATR was 5.74. Given the Stochastic reading of 31.28% for the 14-day period, the RSI (14) reading has been calculated as 49.52%. As of today, the MACD Oscillator reading stands at -2.76, while the 14-day reading stands at -5.90.
Analyst Ratings
LPL Financial Holdings Inc. downgraded its rating on LPL Financial Holdings Inc. (NASDAQ: LPLA) to a Neutral in a note to investors on April 03, 2023. The analysts firm previously had an Outperform rating on the stock.LPL Financial Holdings Inc. (LPLA) has been rated Overweight by analysts. According to 0 brokerage firms, LPLA is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate LPL Financial Holdings Inc. stock as buy, with 8 recommending it as overweight.
With a median target price of $265.00, the current consensus forecast for the stock is $230.00 – $290.00. Based on these forecasts, analysts predict LPL Financial Holdings Inc. (LPLA) will achieve an average price target of $258.91.
