Markets

LPL Financial (LPLA) Reports Improved Data for January

LPL Financial Holdings Inc.LPLA released its monthly activity report for Jan 2017. The company recorded total brokerage and advisory assets of $516.7 billion at the end of the month, up 1.4% from the previous month.

Of these, brokerage assets were $300.4 billion, while advisory assets were $216.3 billion, as of Jan 31, 2017.

Also, LPL Financial reported $30.0 billion of total client cash sweep balances for Jan 2017, down 4.2% from Dec 2016. Of the total cash balance, $22 billion was insured cash, $4.1 billion was deposit cash and the remaining $3.9 billion was money market cash balance.

With the gradual stabilization of global equity markets, trading activities are anticipated to improve. Also, LPL Financial has been extending its offerings to all affiliated advisors, which is expected to help the company gain greater market share. However, weak top-line growth remains a major near-term concern.

LPL Financial currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .

Investors' optimism has been reflected in the share price movement. Shares of LPL Financial increased around 100% over the last one year compared with the 68.7% gain for the Zacks categorized Investment Brokers industry.

Performance of Other Investment Brokers

Among other investment brokers, Interactive Brokers Group, Inc.'s IBKR Electronic Brokerage segment reported a year-over-year decrease in DARTs for Jan 2017. Total client DARTs were 646,000, down 22% from Jan 2016 but up 9% from Dec 2016. However, total customer accounts were 391,000, up 17% year over year and 2% from the prior month.

TD Ameritrade Holding Corporation AMTD came up with average client trades per day of 521,000 in its activity report for Jan 2017. While the reported figure climbed 8% from the prior month, it decreased 8% compared with the year-ago period.

The Charles Schwab Corporation SCHW released monthly activity report for Jan 2017 which displays an improvement over the prior-year period. Total client assets were $2.83 trillion at the end of the month, up 17% year over year. Further, client assets receiving ongoing advisory services were $1.43 trillion, up 17% year over year.

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LPL Financial Holdings Inc. (LPLA): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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