LPLA Stock Summary and Trading Ideas (LPL Finl Hldgs | NASDAQ:LPLA)

LPL Financial Holdings is an independent broker/dealer that provides a platform of proprietary technology, brokerage, and investment advisory services to financial advisors and institutions. As of the end of 2023, the company had over 20,000 advisors on its platform managing over $1.3 trillion of client assets.

LPL Finl Hldgs trades on the NASDAQ stock market under the symbol LPLA.

As of May 14, 2024, LPLA stock price climbed to $268.41 with 622,751 million shares trading.

LPLA has a beta of 0.00, meaning it tends to be less sensitive to market movements. LPLA has a correlation of 0.00 to the broad based SPY ETF.

LPLA has a market cap of $19.98 billion. This is considered a Large Cap stock.

Last quarter LPL Finl Hldgs reported $3 billion in Revenue and $4.21 earnings per share. This beat revenue expectation by $133 million and exceeded earnings estimates by $.38.

In the last 3 years, LPLA stock traded as high as $276.12 and as low as $127.03.

The top ETF exchange traded funds that LPLA belongs to (by Net Assets): VTI, VO, VXF, VUG, VOT.

LPLA has outperformed the market in the last year with a return of +43.5%, while the SPY ETF gained +28.8%. However, in the most recent history, LPLA shares have underperformed the stock market with its stock returning +4.2% in the last 3 month period and -2.0% for the last 2 week period, while SPY has returned +6.2% and +2.6%, respectively.

LPLA support price is $263.97 and resistance is $270.89 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that LPLA stock will trade within this expected range on the day.