Professional
Added to YB: 2024-10-14
Pitch date: 2024-09-30
LPLA [bullish]
LPL Financial Holdings Inc.
+7.37%
current return
Author Info
No bio for this author
Company Info
LPL Financial Holdings Inc., together with its subsidiaries, provides an integrated platform of brokerage and investment advisory services to independent financial advisors and financial advisors at enterprises in the United States.
Market Cap
EUR 18.7B
Pitch Price
EUR 232.56
Price Target
N/A
Dividend
0.48%
Sector
Capital Markets
Category
value
Oakmark Equity and Income Fund New Position: LPL Financial Holdings Inc.
LPLA: Leading US wealth mgmt infrastructure provider. Strong organic asset growth & advisor retention. Scale advantages self-reinforcing. Recent discount due to regulatory & interest rate concerns. Short-term challenges unlikely to affect long-term earnings. Growing business purchased at discount.
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