After Hours
There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Yahoo Finance discussed the stock recently as it posted Wintrust Financial Corporation and LPL Financial Announce Strategic Relationship.
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Stocks Info
This NASDAQ-listed company operates within the Capital Markets industry segment, falling under the Financial sector. The current market capitalization of LPL Financial Holdings Inc is $19.61B. A total of 0.56 million shares were traded on the day, compared to an average of 660.94K shares.
Insider Activity
Insider trades can also provide insight into a stock’s future direction. During the recent three months, LPLA has seen 0 BUY and 11 SELL insider trades, representing the acquisition of 0 and the disposition of 1,628 shares. Over the last 12 months, there were 65 BUYs and 39 SELLs from insiders. Insiders purchased 34,097 shares during that period but sold 118,615.
In the most recent transaction, Arnold Dan H. sold 10,000 shares of LPLA for 256.35 per share on Feb 20. After the transaction, the President & CEO now owns 137,044 company shares. In a previous transaction on Feb 20, Enyedi Matthew sold 1,381 shares at 256.94 per share. LPLA shares that Managing Director owns now total 8,634.
Among the insiders who sold shares, Audette Matthew J disposed of 27,704 shares on Feb 05 at a per-share price of $248.55. This resulted in the CFO and Head of Business Ops holding 12,644 shares of LPLA after the transaction. In another insider transaction, Jambusaria Aneri sold 1,930 shares at $222.37 per share on Nov 02. Company shares held by the Managing Director now total 1,802.
Dividend
The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. LPL Financial Holdings Inc pays an annual dividend of $1.20, resulting in a dividend yield of 0.46%, and it has a price to earnings (P/E) ratio of 19.29. LPLA’s most recent ex-dividend date was 3/11/2024 when it declared a $0.30 quarterly dividend that was paid in cash on 3/26/2024. Previously, the company paid the dividend on 11/27/2023 with an ex-dividend date of 11/8/2023. The LPLA stock dividend was $0.30 per share in cash.
Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for LPLA in the last 3 months, the mean price target is $278.79 with high estimates of $312.00 and low estimates of $245.00. In terms of 52-week highs and lows, LPLA has a high of $264.24 and a low of $179.00.
As of this writing, LPLA has an earnings estimate of $3.88 per share for the current quarter. EPS was calculated based on a consensus of 13 estimates, with a high estimate of $4.22 per share and a lower estimate of $3.61. The company reported an EPS of $3.74 in the last quarter, which was 4.80% higher than expectations of $3.57.
Balance Sheet Annually/Quarterly
In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. LPLA’s latest balance sheet shows that the firm has $514.92M in Cash & Short Term Investments as of fiscal 2021. There were $3.05B in debt and $2.74B in liabilities at the time. Its Book Value Per Share was $27.85, while its Total Shareholder’s Equity was $1.67B.
Analysts Opinion
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for LPLA is Buy with a score of 4.08.
