LPL Financial Stock

LPL Financial is currently sitting pretty above a cup-with-handle buy point of 191.08. Its 5% buy range extends to 200.63.

Corporate social responsibility is integral to who we are as a company. From diversity, equity, and inclusion to community involvement and environmental sustainability, corporate social responsibility guides how we interact with each other and how we conduct business.

This is a first-stage base, which means it has a higher chance of success.

The relative strength line added credibility to the breakout by shooting to new highs as it passed its buy point. It is also sitting comfortably clear of the 21-day exponential moving average

Earnings are a strength for LPLA stock, but price performance is even better. Earnings have grown by an average of 20% over the past three quarters.

Analysts see earnings growing by 35% in 2022 and 50% in 2023.

LPL was founded on the principle that the firm should work for the advisor, and not the other way around. And today, we remain steadfast in our commitment to the advisor-centered model and the belief that Americans deserve access to personalized guidance from a financial advisor.

Big money has also been a net buyer, with 65% of the stock currently being held by funds.

Recent bullish action has won LPL Financial stock a place on the prestigious IBD Leaderboard list of top stocks.

The recent IBD Stock Of The Day has a network of nearly 20,000 financial advisors nationwide. It added an impressive 2,589 advisors in 2021, including 900 from its Waddell & Reed acquisition.

In 2021, LPL’s assets swelled to a record $1.2 trillion, jumping 34% year over year. The company benefited from a soaring stock market and better recruiting. It also gained from its Waddell & Reed Wealth Management purchase.

Amid the pandemic and stimulus surge in savings for many Americans, a 2021 Harris Poll survey found 26% of Americans said their most trusted source for financial advice is a financial advisor. That was up from 22% a year earlier. In 2020, 30% of respondents said their most trusted source for financial advice was themselves. That number dropped to 20% in 2021.

The San Diego-based broker-dealer currently holds pole position in the Finance-Investment Banks and Brokers group. It also features the likes of Charles Schwab (SCHW) and Raymond James (RJF).

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