LPL Investment Stock Hits New 52-Week High (LPLA)

NEW YORK ( TheStreet) -- LPL Investment Holdings (Nasdaq: LPLA) hit a new 52-week high Tuesday as it is currently trading at $37.55, above its previous 52-week high of $37.50 with 160,947 shares traded as of 2:50 p.m. ET. Average volume has been 215,000 shares over the past 30 days.

LPL Investment has a market cap of $3.77 billion and is part of the financial sector and financial services industry. Shares are up 22.4% year to date as of the close of trading on Monday.

LPL Investment 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. The company has a P/E ratio of 24.5, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates LPL Investment as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. You can view the full LPL Investment Ratings Report.

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