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) pushed the Financial Services industry lower today making it today's featured Financial Services laggard. The industry as a whole closed the day up 0.3%. By the end of trading, LPL Financial Holdings fell $1.44 (-2.7%) to $51.30 on average volume. Throughout the day, 1,352,721 shares of LPL Financial Holdings exchanged hands as compared to its average daily volume of 980,400 shares. The stock ranged in price between $50.99-$53.05 after having opened the day at $53.00 as compared to the previous trading day's close of $52.74. Other companies within the Financial Services industry that declined today were:
), down 6.6%,
), down 4.4%,
), down 3.0% and
), down 2.8%.
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LPL Financial Holdings Inc. provides an integrated platform of brokerage and investment advisory services to independent financial advisors and financial advisors at financial institutions in the United States. It operates through Independent Advisor Services and Institution Services segments. LPL Financial Holdings has a market cap of $5.4 billion and is part of the financial sector. Shares are up 12.1% year to date as of the close of trading on Thursday. Currently there are 4 analysts that rate LPL Financial Holdings a buy, no analysts rate it a sell, and 4 rate it a hold.
TheStreet Ratings rates
LPL Financial Holdings
. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, impressive record of earnings per share growth, compelling growth in net income and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow.
- You can view the full LPL Financial Holdings Ratings Report.
On the positive front,
), up 7.2%,
), up 7.0%,
), up 6.0% and
), up 5.0% , were all gainers within the financial services industry with
) being today's featured financial services industry leader.
- Use our financial services section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the financial services industry could consider
) while those bearish on the financial services industry could consider
- Find other investment ideas from our top rated ETFs lists.