In the last trading session, 1.25 million shares of the LPL Financial Holdings Inc (NASDAQ:LPLA) were traded, and its beta was 0.92. Most recently the company’s share price was $193.32, and it changed around $0.32 or 0.17% from the last close, which brings the market valuation of the company to $14.45B. LPLA currently trades at a discount to its 52-week high of $289.88, offering almost -49.95% off that amount. The share price’s 52-week low was $188.02, which indicates that the current value has risen by an impressive 2.74% since then. We note from LPL Financial Holdings Inc’s average daily trading volume that its 10-day average is 1.62 million shares, with the 3-month average coming to 906.04K.
LPL Financial Holdings Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.82. If we narrow it down even further, the data shows that 1 out of 10 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 4 recommended LPLA as a Hold, whereas 4 deemed it a Buy, and 0 rated it as Underweight. LPL Financial Holdings Inc is expected to report earnings per share of 3.79 for the current quarter.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
LPL Financial Holdings Inc (NASDAQ:LPLA) trade information
Instantly LPLA has showed a green trend with a performance of 0.17% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 224.94 on recent trading dayincreased the stock’s daily price by 14.06%. The company’s shares are currently down -15.07% year-to-date, but still down -12.75% over the last five days. On the other hand, LPL Financial Holdings Inc (NASDAQ:LPLA) is -29.06% down in the 30-day period. We can see from the shorts that 0.72 million shares have been sold at a short interest cover period of 1.26 day(s).
The consensus price target as assigned by Wall Street analysts is $270.5, which translates to bulls needing to increase their stock price by 28.53% from its current value. Analyst projections state that LPLA is forecast to be at a low of $174 and a high of $334.
LPL Financial Holdings Inc (LPLA) estimates and forecasts
LPL Financial Holdings Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -22.12 percent over the past six months and at a 1.21% annual growth rate that is well below the industry average of 26.10%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 1.30% in revenue this quarter, and will report an increase of 16.50% in the next quarter. The year-over-year growth rate is expected to be 19.90%, up from the previous year.
Consensus estimates provided by 6 financial analysts predict the company will bring in an average of 3.04B in revenue for the current quarter. 6 analysts expect LPL Financial Holdings Inc to make 3.17B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 2.51B and 2.62B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 21.10%. Forecasts for the next quarter put sales growth at 21.00%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 23.07%. LPL Financial Holdings Inc earnings are expected to increase by 1.94% in 2024, but the outlook is positive 12.40% per year for the next five years.
LPLA Dividends
LPL Financial Holdings Inc’s next quarterly earnings report is expected to be released on 2024-Oct-24. The annual dividend yield of the stock is 0.62 percent and its annual dividend per share was 1.20. It is important to note, however, that the 0.62% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 0.75 per year.
LPL Financial Holdings Inc (NASDAQ:LPLA)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.68% of LPL Financial Holdings Inc shares, and 97.72% of them are in the hands of institutional investors. The stock currently has a share float of 98.39%. LPL Financial Holdings Inc stock is held by 909.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-03-31, it held 9.1749% of the shares, which is about 7.05 million shares worth $1.86 billion.
BLACKROCK INC., with 7.9124% or 6.08 million shares worth $1.61 billion as of 2024-03-31, holds the second largest percentage of outstanding shares.
