The closing price of LPL Financial Holdings Inc. (NASDAQ: LPLA) was 231.72 for the day, up 0.79% from the previous closing price of $229.91. In other words, the price has increased by $+1.81 from its previous closing price. On the day, 1765169 shares were traded. LPLA reached its highest trading level at $231.93 during the session, while it also had its lowest trading level at $226.48.
Our analysis of LPLA’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 11.99 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 126.25. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 1.53.
Upgrades & Downgrades
On December 16, 2021, BofA Securities started tracking the stock assigning a Neutral rating and target price of $184.
On November 02, 2021, Truist started tracking the stock assigning a Buy rating and target price of $200.Truist initiated its Buy rating on November 02, 2021, with a $200 target price.
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Aug 17 when Arnold Dan H. sold 11,391 shares for $230.63 per share. The transaction valued at 2,627,068 led to the insider holds 162,608 shares of the business.
Oroschakoff Michelle sold 12,883 shares of LPLA for $2,931,755 on Aug 17. The Managing Director now owns 38,633 shares after completing the transaction at $227.57 per share. On Aug 16, another insider, Arnold Dan H., who serves as the President & CEO of the company, sold 3,609 shares for $230.18 each. As a result, the insider received 830,720 and left with 162,608 shares of the company.
As of this moment, LPL’s Price-to-Earnings (P/E) ratio for their current fiscal year is 37.40, and their Forward P/E ratio for the next fiscal year is 13.85. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.79. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.28 while its Price-to-Book (P/B) ratio in mrq is 10.04.
Stock Price History:
Over the past 52 weeks, LPLA has reached a high of $235.48, while it has fallen to a 52-week low of $139.84. The 50-Day Moving Average of the stock is 214.13, while the 200-Day Moving Average is calculated to be 187.77.
LPLA traded an average of 674.28K shares per day over the past three months and 880.65k shares per day over the past ten days. A total of 79.95M shares are outstanding, with a floating share count of 79.29M. Shares short for LPLA as of Jul 14, 2022 were 2.44M with a Short Ratio of 2.99, compared to 2.62M on Jun 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 3.05% and a Short% of Float of 3.42%.
Dividends & Splits
With its trailing 12-month dividend rate of 0.75, LPLA has a forward annual dividend rate of 1.00. Against a Trailing Annual Dividend Yield of 0.33%, it implies a Forward Annual Dividend Yield of 0.48%. The stock’s 5-year Average Dividend Yield is 1.19.
The firm’s stock currently is rated by 10 analysts. On average, analysts expect EPS of $1.97 for the current quarter, with a high estimate of $2.2 and a low estimate of $1.75, while EPS last year was $1.85. The consensus estimate for the next quarter is $2.66, with high estimates of $2.78 and low estimates of $2.42.
Analysts are recommending an EPS of between $10.54 and $9.13 for the fiscal current year, implying an average EPS of $9.83. EPS for the following year is $15.82, with 11 analysts recommending between $20.57 and $13.61.
It is expected that $90B in revenue will be generated in the current quarter, according to 5 analysts. It ranges from a high estimate of $2.16B to a low estimate of $2.09B. As of the current estimate, LPL Financial Holdings Inc.’s year-ago sales were $1.9B, an estimated increase of 11.60% from the year-ago figure. For the next quarter, 5 analysts are estimating revenue of $2.18B, an increase of 7.90% less than the figure of $11.60% in the same quarter last year. There is a high estimate of $2.32B for the next quarter, whereas the lowest estimate is $2.1B.
A total of 6 analysts have provided revenue estimates for LPLA’s current fiscal year. The highest revenue estimate was $8.76B, while the lowest revenue estimate was $8.09B, resulting in an average revenue estimate of $8.47B. In the same quarter a year ago, actual revenue was $7.72B, up 9.70% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $9.62B in the next fiscal year. The high estimate is $10.38B and the low estimate is $8.99B. The average revenue growth estimate for next year is up 13.60% from the average revenue estimate for this year.