For its third fiscal quarter (ending September 30), LPL Financial Holdings Inc (NASDAQ: LPLA) has reported a 16% increase in E.P.S. from $2.95 a year ago to $3.41 in the current quarter. E.P.S. were $13.44 for the latest four quarters through September 30 versus $14.98 for the same period a year ago — a decline of -10%.
Recent Price Action
On 10/30/24, LPL Financial Holdings Inc (NASDAQ: LPLA) stock declined slightly by -0.6%, closing at $264.02. However, below average trading volume at 81% of normal accompanied the decline. The stock has risen 3.1% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
LPLA is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
LPL Financial Holdings has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. LPL Financial Holdings has a good Appreciation Score of 72 but a neutral Power Rating of 44, producing the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
Be the first to comment