• Mon. Sep 20th, 2021

Notable Stock to Watch: LPL Financial Holdings Inc. (NASDAQ: LPLA)

On 18 Feb 2020, LPL Financial Holdings Inc. (NASDAQ: LPLA) stock observed trading -5.24% off 52-week high price. On the other end, the stock has been noted 40.63% away from low price over the last 52-weeks. The stock disclosed a move of 0.17% away from 50 day moving average and 11.43% away from 200 day moving average. Moving closer, we can see that shares have been trading -0.42% off 20-day moving average. It has market cap of $7603.25M and dividend yield of 1.06%.

LPL Financial Holdings Inc. (LPLA)  recently reported results for its fourth quarter ended December 31, 2019, reporting net income of $127M, or $1.53 per share. This compares with $120M, or $1.36 per share, in the fourth quarter of 2018 and $132M, or $1.57 per share, in the previous quarter.

“In 2019, we delivered another year of solid business and financial growth, including increases in assets, organic growth, and earnings,” stated Dan Arnold, President and CEO. “As we look ahead to 2020, we remain focused on executing our strategy of winning in our traditional markets, deploying new affiliation models, creating an industry-leading service experience, and innovating on a new layer of value for our advisors’ practices.  We believe this approach will drive long-term value across our stakeholders.”

“We continued to build financial and balance sheet strength in 2019,” stated Matt Audette, CFO. “We invested to drive growth while staying disciplined on expenses, extended the duration of our cash sweep portfolio, refinanced our debt, and returned capital to our shareholders. Going forward, we plan to continue to deploy capital to drive growth, take advantage of M&A opportunities when appropriate, and create long-term shareholder value.”

Dividend Declaration

The Company’s Board of Directors reported a $0.25 per share dividend to be paid on March 31, 2020 stockholders of record as of March 18, 2020.

The USA based company LPL Financial Holdings Inc. moved with change of -0.30% to $94.38 with the total traded volume of 466217 shares in recent session versus to an average volume of 516.07K. LPLA’s shares are at 4.92% for the quarter and driving a 22.57% return over the course of the past year and is now at 2.31% since this point in 2018.


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