Matthew Enyedi, Managing Director at LPL Financial Holdings Inc, executed a sale of 1,381 shares in the company on February 20, 2024, according to a recent SEC Filing. The transaction was conducted at an average price of $256.94 per share, resulting in a total value of $354,889.14.
LPL Financial Holdings Inc operates as a broker-dealer and provides a platform of proprietary technology, brokerage, and investment advisory services to financial advisors and institutions. The company's offerings include integrated platform of brokerage and investment advisory services, comprehensive fee-based and commission-based products, and proprietary technology and business consulting services.
Over the past year, the insider has sold a total of 4,646 shares of LPL Financial Holdings Inc and has not made any purchase of the company's shares.
The insider transaction history for LPL Financial Holdings Inc indicates a pattern of more sales than purchases among insiders, with 1 insider buy and 12 insider sells over the past year.
On the valuation front, LPL Financial Holdings Inc's shares were trading at $256.94 on the day of the insider's recent transaction, giving the company a market capitalization of $19.542 billion. The price-earnings ratio stands at 19.24, slightly above the industry median of 18.48 but below the company's historical median price-earnings ratio.
The stock's price-to-GF-Value ratio is 1.02, with a GF Value of $251.76, indicating that LPL Financial Holdings Inc is Fairly Valued according to GuruFocus's intrinsic value estimate. The GF Value is determined by historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
