May 29, 2020

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Stock News in Focus: LPL Financial Holdings Inc. (NASDAQ:LPLA)

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LPL Financial Holdings Inc. (NASDAQ:LPLA) stock identified change of 55.08% away from 52-week low price and recently located move of -6.27% off 52-week high price. It has market worth of $6808.62M and dividend yield of 1.24%. LPLA stock has been recorded 0.74% away from 50 day moving average and 15.45% away from 200 day moving average. Moving closer, we can see that shares have been trading -3.13% off 20-day moving average.

Leading retail investment advisory firm and independent broker-dealer LPL Financial LLC, a wholly owned subsidiary of LPL Financial Holdings Inc. (NASDAQ:LPLA) released its monthly activity report for May 2019.

Total brokerage and advisory assets served at the end of May were approximately $677 billion, a $22.0 billion decrease, or 3.1 percent, compared to the end of April 2019.

Total net new assets (NNA) for May were an inflow of $1.4 billion. This included $0.4 billion of outflows related to a large hybrid firm that is setting up its own broker/dealer and departing as discussed during the Company’s Q1 2019 earnings call. Prior to these outflows, total net new assets for May were an inflow of $1.8 billion.

Total client cash balances at the end of May were $29.8 billion, a $0.2 billion increase compared to April 2019. Net buying in May was $3.8 billion. The Financial sector company, LPL Financial Holdings Inc. noticed change of -1.12% to $80.69 along volume of 827624 shares in recent session compared to an average volume of 655.08K. The stock observed return of -3.80% in 5 days trading activity. The stock was at -4.58% over one month performance. LPLA’s shares are at 18.38% for the quarter and driving a 16.23% return over the course of the past year and is now at 32.11% since this point in 2018.

The average volatility for the week at 2.97% and for month was at 2.23%. There are 84.38M shares outstanding and 82.46M shares are floated in market. Right now the stock beta is 1.31.

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