After Hours
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. Recently, Yahoo Finance discussed the stock, revealing that LPL Financial Welcomes Five Independent Teams With $700 Million of AUM.
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Stocks Info
The company is listed on the NASDAQ and operates within the Capital Markets industry segment. The current market capitalization of LPL Financial Holdings Inc is $19.67B. A total of 0.73 million shares were traded on the day, compared to an average of 608.18K shares.
In the most recent transaction, Arnold Dan H. sold 34,807 shares of LPLA for 266.54 per share on Feb 26 ’24. After the transaction, the President & CEO now owns 141,810 company shares. In a previous transaction on Feb 26 ’24, Gates Greg sold 11,401 shares at 266.27 per share. LPLA shares that Managing Director owns now total 19,080.
Among the insiders who sold shares, Audette Matthew J disposed of 5,574 shares on Feb 26 ’24 at a per-share price of $266.52. This resulted in the CFO and Head of Business Ops holding 13,663 shares of LPLA after the transaction. In another insider transaction, Enyedi Matthew sold 2,400 shares at $263.00 per share on Feb 26 ’24. Company shares held by the Managing Director now total 10,495.
Dividend
The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. LPL Financial Holdings Inc pays an annual dividend of $1.20, resulting in a dividend yield of 0.45%, and it has a price to earnings (P/E) ratio of 19.36. 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.
It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. In terms of 52-week highs and lows, LPLA has a high of $271.11 and a low of $179.00.
As of this writing, LPLA has an earnings estimate of $3.89 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
An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. 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
There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. 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.
