LPL Financial Holdings (LPLA) Shares are Up 5.08%

LPL Financial Holdings (LPLA) : Traders are bullish on LPL Financial Holdings (LPLA) as it has outperformed the S&P 500 by a wide margin of 16.42% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 5.11%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 5.08% in the last 1 week, and is up 16.87% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

LPL Financial Holdings Inc. is up 13.12% in the last 3-month period. Year-to-Date the stock performance stands at -31.39%. The stock has recorded a 20-day Moving Average of 8.7% and the 50-Day Moving Average is 16.09%.


LPL Financial Holdings (NASDAQ:LPLA): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $27.95 and $27.83 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $28.43. The buying momentum continued till the end and the stock did not give up its gains. It closed at $28.34, notching a gain of 0.71% for the day. The total traded volume was 409,234 . The stock had closed at $28.14 on the previous day.

Also, Major Brokerage house, Nomura maintains its ratings on LPL Financial Holdings (NASDAQ:LPLA). In the latest research report, Nomura raises the target price from $27 per share to $28 per share. According to the latest information available, the shares are now rated Neutral by the analysts at the agency. The rating by the firm was issued on July 29, 2016.

LPL Financial Holdings Inc. is an independent broker-dealer, a custodian for registered investment advisors (RIAs) and an independent consultant to retirement plans. The Company provides a platform of brokerage and investment advisory services to independent financial advisors, including financial advisors at around 700 financial institutions, enabling them to provide their retail investors with objective financial advice. It also supports approximately 4,400 financial advisors who are affiliated and licensed with insurance companies through customized clearing services, advisory platforms, and technology solutions. It provides its advisors with the front-office, middle-office, and back-office support. The Company provides its technology and service to advisors through a technology platform that is server-based and Web-accessible. Its subsidiaries include LPL Financial LLC, The Private Trust Company, N.A., Independent Advisers Group Corporation and LPL Insurance Associates, Inc.

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