BofA: Investors pour into bonds, pull back from crypto
LPL Financial (NASDAQ:LPLA) Holdings Inc. stock reached an all-time high of 392.0 USD, marking a significant milestone for the $30.47 billion financial services company. According to InvestingPro data, analysts see further upside potential with price targets reaching as high as $490. This achievement comes on the back of a robust 73.79% increase over the past year, supported by impressive 25.69% revenue growth and strong financial health metrics. The stock’s performance underscores its resilience and ability to capitalize on market opportunities, making it a standout in the financial sector. As LPL Financial continues to expand its offerings and strengthen its market position, investors are keenly watching its next moves. InvestingPro subscribers can access 12 additional key insights and a comprehensive Pro Research Report for deeper analysis of this high-performing financial stock.
In other recent news, LPL Financial Holdings Inc. reported total advisory and brokerage assets of $1.85 trillion at the end of May 2025, marking a 3.7% increase from the previous month. The company achieved total organic net new assets of $6.5 billion for May, indicating a 4.4% annualized growth rate. Meanwhile, the Waznik Heike Group, with $750 million in assets, joined LPL Financial’s platforms, enhancing the firm’s advisory network. Citi analysts downgraded LPL Financial’s stock rating to neutral due to valuation concerns, setting a price target of $400, despite acknowledging the company’s long-term growth potential. Conversely, Redburn-Atlantic analysts upgraded the stock to Buy, raising the price target to $460, citing LPL Financial’s strategic positioning and growth prospects. The firm’s midyear outlook report highlighted economic uncertainties, with expectations of slower growth and higher inflation impacting market conditions. LPL Financial’s advisory assets increased to $1.02 trillion, a 4.4% rise from April, while brokerage assets grew to $832.9 billion, up 2.9% month-over-month. The company’s report also noted a decrease in total client cash balances by $2.6 billion, reflecting broader market trends.
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