With 0.61 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.0 million shares. During the session, the Capital Markets company that operates in wider Financial sector, reached to the highest price of $221.52 whereas the lowest price it dropped to was $214.46. The 52-week range on LPLA shows that it touched its highest point at $289.88 and its lowest point at $187.19 during that stretch. It currently has a 1-year price target of $282.00. With its current market cap of 16.14 billion, LPLA has annualized dividend of $1.20 while the current yield stands at 0.56%. Beta for the stock currently stands at 0.88.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of LPLA was down-trending over the past week, with a drop of -2.28%, but this was up by 11.66% over a month. Three-month performance dropped to -24.21% while six-month performance fell -19.06%. The stock lost -7.50% in the past year, while it has lost -5.16% so far this year. A look at the trailing 12-month EPS for LPLA yields 12.81 with Next year EPS estimates of 19.56. For the next quarter, that number is 3.79. This implies an EPS growth rate of 1.85% for this year and 22.15% for next year. EPS is expected to grow by 12.40% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 23.07%.
Float and Shares Shorts:
At present, 74.66 million LPLA shares are outstanding with a float of 74.16 million shares on hand for trading. On 2024-08-15, short shares totaled 1.33 million, which was 178.0 higher than short shares on 1721001600. In addition to Mr. Dan Hogan Arnold Jr., B.S., CPA, M.B.A. as the firm’s President, CEO & Director, Mr. Matthew Jon Audette B.S. serves as its CFO & Head of Business Operations.
Institutional Ownership:
Through their ownership of 0.97405 of LPLA’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, LPLA reported revenue of $2931769000.0 and operating income of $394412000.0. The EBITDA in the recently reported quarter was $496018000.0 and diluted EPS was $3.23.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for LPLA since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.
