LPL Financial Holdings Inc (Nasdaq:LPLA)
February 12th, 2019
Amidst rising markets LPL Financial Holdings Inc finished Tuesday’s trading session down 0.21%, a ($0.16) decrease to close on $77.75. Despite the drop in price it hit a new 52 week high of $79.34.
LPLA was outperformed by the rest of the Financials sector which went up 1.56%.
Analysis results from 8 analysts points to the possibility that LPL Financial Holdings Inc might fall somewhat (-2.10%), while Finbox has calculated (with high uncertainty) a fair value price of $61.44.
The market sectors were mixed Tuesday with a majority of the sectors trending up. Materials saw the biggest increase of the day (2.25%), while Real Estate saw the biggest drop (-0.70%). Industrials has seen the biggest year-to-date gain at 13.91%.
Materials saw the biggest turnaround from its 5-day performance of -1.14%, as it went up 2.25%. Real Estate saw a turn around from its 5-day performance of 0.96% trading down -0.70%.
- Materials went up with a 2.25% change.
- Consumer Discretionary went up with a 1.66% change.
- Industrials went up with a 1.56% change.
- Financials went up with a 1.56% change.
- Information Technology went up with a 1.36% change.
- Healthcare went up with a 1.34% change.
- Energy went up with a 1.18% change.
- Communication Services went up with a 1.14% change.
- Consumer Staples went up with a 0.88% change.
- Utilities went up with a 0.17% change.
- Real Estate went down with a -0.70% change.
LPL Financial Holdings Inc Info
LPL Financial Holdings Inc., together with its subsidiaries, provides an integrated platform of brokerage and investment advisory services to independent financial advisors and financial advisors at financial institutions in the United States. Its brokerage offerings include variable and fixed annuities, mutual funds, equities, retirement and 529 education savings plans, fixed income, and insurance, as well as alternative investments, such as non-traded real estate investment trusts and business development companies. The company also provides fee-based advisory platforms that provide access to mutual funds, exchange-traded funds, stocks, bonds, certain option strategies, unit investment trusts, and institutional money managers and no-load multi-manager variable annuities. In addition, it offers cash sweep programs; and retirement solutions for commission- and fee-based services that allow advisors to provide brokerage services, consultation, and advice to retirement plan sponsors. Further, the company provides other services comprising tools and services that enable advisors to maintain and grow their practices; and trust, investment management oversight, and custodial services to trusts for estates and families, as well as insurance brokerage general agency services. It offers its services to approximately 15,000 independent financial advisors, including financial advisors at approximately 700 financial institutions. The company was formerly known as LPL Investment Holdings Inc. and changed its name to LPL Financial Holdings Inc. in June 2012. LPL Financial Holdings Inc. was founded in 1968 and is based in Boston, Massachusetts.
All amounts in USD unless otherwise indicated
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