LPL Financial Holdings Inc (NASDAQ:LPLA) has a beta value of 0.90 and has seen 0.47 million shares traded in the recent trading session. The company, currently valued at $15.84B, closed the last trade at $211.84 per share which meant it gained $12.5 on the day or 6.27% during that session. The LPLA stock price is -36.84% off its 52-week high price of $289.88 and 11.64% above the 52-week low of $187.19. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.1 million shares traded. The 3-month trading volume is 955.43K shares.
The consensus among analysts is that LPL Financial Holdings Inc (LPLA) is Buy stock at the moment, with a recommendation rating of 1.82. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 3 out of 10 have rated it as a Hold, with 7 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 3.77.
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LPL Financial Holdings Inc (NASDAQ:LPLA) trade information
Sporting 6.27% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the LPLA stock price touched $211.84 or saw a rise of 3.01%. Year-to-date, LPL Financial Holdings Inc shares have moved -6.93%, while the 5-day performance has seen it change 8.57%. Over the past 30 days, the shares of LPL Financial Holdings Inc (NASDAQ:LPLA) have changed -11.60%. Short interest in the company has seen 0.85 million shares shorted with days to cover at 0.55.
Wall Street analysts have a consensus price target for the stock at $270.5, which means that the shares’ value could jump 21.69% from the levels at last check today. The projected low price target is $174.0 while the price target rests at a high of $334.0. In that case, then, we find that the latest price level in today’s session is -57.67% off the targeted high while a plunge would see the stock lose 17.86% from the levels at last check today.
LPL Financial Holdings Inc (LPLA) estimates and forecasts
Figures show that LPL Financial Holdings Inc shares have underperformed across the wider relevant industry. The company’s shares have lost -17.83% over the past 6 months, with this year growth rate of 0.76%, compared to 25.30% for the industry. Revenue growth from the last financial year stood is estimated to be 19.40%.
6 analysts offering their estimates for the company have set an average revenue estimate of 3.04B for the current quarter. 6 have an estimated revenue figure of 3.17B for the next ending quarter. Year-ago sales stood 2.51B and 2.62B respectively for this quarter and the next, and analysts expect sales will grow by 21.10% for the current quarter and 19.40% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 23.07% over the past 5 years. Earnings growth for 2024 is a modest 1.86% while over the next 5 years, the company’s earnings are expected to increase by 12.40%.
LPLA Dividends
LPL Financial Holdings Inc is expected to release its next earnings report 2024-Oct-24 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 1.20 at a share yield of 0.57%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 0.75%.
LPL Financial Holdings Inc (NASDAQ:LPLA)’s Major holders
Insiders own 0.68% of the company shares, while shares held by institutions stand at 96.82% with a share float percentage of 97.49%. Investors are also buoyed by the number of investors in a company, with LPL Financial Holdings Inc having a total of 915.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 7.05 million shares worth more than $1.86 billion. As of 2024-03-31, VANGUARD GROUP INC held 9.1749% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 6.08 million shares as of 2024-03-31. The firm’s total holdings are worth over $1.61 billion and represent 7.9124% of shares outstanding.
