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

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.

William Wall

William Wall is a self-taught investor and follows the value investing approach to picking stocks. He possesses over 10 years of investment experience, an M.B.A. from Louisiana State University, and is also certified in Risk Management Assurance. William is a Certified Internal Auditor, Data Miner, and author with a career broadly spanning over multiple business areas. He has exploited those observations and developed investment tactics within a fundamentally sound long-term investment strategy. He currently covers Earnings News category for our site.

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