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LPL Financial (LPLA) Stock Price, News & Analysis

$262.65
+6.15 (+2.40%)
(As of 02/22/2024 ET)
Today's Range
$257.67
$263.92
50-Day Range
$209.89
$257.80
52-Week Range
$179.00
$264.24
Volume
470,147 shs
Average Volume
588,443 shs
Market Capitalization
$19.86 billion
P/E Ratio
19.24
Dividend Yield
0.46%
Price Target
$252.27

LPL Financial MarketRank™ Stock Analysis

Analyst Rating
Hold
2.30 Rating Score
Upside/​Downside
4.0% Downside
$252.27 Price Target
Short Interest
Healthy
0.99% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-0.30
Upright™ Environmental Score
News Sentiment
0.69mentions of LPL Financial in the last 14 days
Based on 23 Articles This Week
Insider Trading
Selling Shares
$2.92 M Sold Last Quarter
Proj. Earnings Growth
18.72%
From $15.92 to $18.90 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.90 out of 5 stars

Finance Sector

57th out of 821 stocks

Security & Commodity Brokers, Dealers, Exchanges & Services Industry

3rd out of 9 stocks


LPLA stock logo

About LPL Financial Stock (NASDAQ:LPLA)

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. Its brokerage offerings include variable and fixed annuities, mutual funds, equities, retirement and education savings plans, fixed income, and insurance, as well as alternative investments, such as non-traded real estate investment trusts and auction rate notes. The company also provides advisory platforms that provide access to mutual funds, exchange-traded funds, stocks, bonds, certain option strategies, unit investment trusts, and institutional money managers and no-load multi-manager variable annuities. In addition, it offers money market products; and retirement solutions for commission-and fee-based services that allow advisors to provide brokerage services, consultation, and advice to retirement plan sponsors. Further, the company provides other services comprising tools and services that enable advisors to maintain and grow their practices; trust, investment management oversight, and custodial services to trusts for estates and families, as well as insurance brokerage general agency services; and technology products, such as proposal generation, investment analytics, and portfolio modeling. The company was formerly known as LPL Investment Holdings Inc. and changed its name to LPL Financial Holdings Inc. in June 2012. LPL Financial Holdings Inc. was founded in 1989 and is based in San Diego, California.

LPLA Stock Price History

LPLA Stock News Headlines

LPL Financial Reports Monthly Activity for January 2024
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LPL Financial Welcomes Bice Wealth Management
66,000% upside on tiny biotech?
The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.
LPL Financial Welcomes Bice Wealth Management
LPLA Mar 2024 280.000 call
LPLA Mar 2024 290.000 put
LPLA Mar 2024 220.000 call
LPLA Mar 2024 165.000 put
LPLA Mar 2024 270.000 call
LPL Financial Welcomes CoastPoint Financial, LLC
LPL Financial Welcomes CoastPoint Financial, LLC
LPL Financial (NASDAQ:LPLA) PT Raised to $267.00
LPL Financial (NASDAQ:LPLA) PT Raised to $254.00 at Morgan Stanley
LPL Financial (LPLA) Gets a Buy from KBW
See More Headlines
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Company Calendar

Ex-Dividend for 11/27 Dividend
11/08/2023
Dividend Payable
11/27/2023
Last Earnings
2/01/2024
Today
2/22/2024
Ex-Dividend for 3/26 Dividend
3/11/2024
Dividend Payable
3/26/2024
Next Earnings (Estimated)
4/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Security & commodity brokers, dealers, exchanges & services
Sub-Industry
Investment Banking & Brokerage
Current Symbol
NASDAQ:LPLA
CUSIP
50212V10
Fax
N/A
Employees
6,900
Year Founded
1989

Price Target and Rating

Average Stock Price Target
$252.27
High Stock Price Target
$290.00
Low Stock Price Target
$192.00
Potential Upside/Downside
-4.0%
Consensus Rating
Hold
Rating Score (0-4)
2.30
Research Coverage
10 Analysts

Profitability

Net Income
$1.07 billion
Pretax Margin
16.12%

Debt

Sales & Book Value

Annual Sales
$10.05 billion
Cash Flow
$15.87 per share
Book Value
$27.23 per share

Miscellaneous

Free Float
74,638,000
Market Cap
$19.86 billion
Optionable
Optionable
Beta
0.83

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Should I Buy LPL Financial Stock? LPLA Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of LPL Financial was last updated on Tuesday, February 20, 2024 at 3:53 PM.

Pros

Here are some ways that investors could benefit from investing in LPL Financial Holdings Inc.:

  • LPL Financial reported a strong quarterly earnings performance, beating analysts' consensus estimates, which indicates the company's financial health and potential for growth.
  • The company has a diverse range of brokerage offerings, including variable and fixed annuities, mutual funds, equities, retirement and education savings plans, fixed income, and insurance, providing a comprehensive suite of services to clients.
  • LPL Financial has a solid return on equity of 57.30%, showcasing efficient utilization of shareholder equity to generate profits.
  • The stock price of LPL Financial has shown positive momentum, with a 12-month high of $264.24, indicating investor confidence and potential for capital appreciation.
  • The company's revenue growth of 13.3% year-over-year demonstrates strong business performance and increasing market share in the financial services sector.

Cons

Investors should be bearish about investing in LPL Financial Holdings Inc. for these reasons:

  • Market volatility and economic uncertainties can impact the financial services sector, potentially affecting LPL Financial's stock performance.
  • Regulatory changes in the financial industry could lead to increased compliance costs for LPL Financial, impacting its profitability.
  • Competition from other brokerage firms and financial advisors may pose challenges to LPL Financial's market position and client acquisition.
  • The company's debt-to-equity ratio of 1.49 indicates a moderate level of financial leverage, which could increase risks during economic downturns.
  • Investors should consider the company's price-to-earnings ratio of 18.88 and beta of 0.83 when evaluating the stock's valuation and risk profile.














LPLA Stock Analysis - Frequently Asked Questions

Should I buy or sell LPL Financial stock right now?

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for LPL Financial in the last twelve months. There are currently 7 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" LPLA shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in LPLA, but not buy additional shares or sell existing shares.
View LPLA analyst ratings
or view top-rated stocks.

What is LPL Financial's stock price target for 2024?

10 equities research analysts have issued 12 month price objectives for LPL Financial's stock. Their LPLA share price targets range from $192.00 to $290.00. On average, they anticipate the company's stock price to reach $252.27 in the next year. This suggests that the stock has a possible downside of 4.0%.
View analysts price targets for LPLA
or view top-rated stocks among Wall Street analysts.

How have LPLA shares performed in 2024?

LPL Financial's stock was trading at $227.62 at the start of the year. Since then, LPLA stock has increased by 15.4% and is now trading at $262.65.
View the best growth stocks for 2024 here
.

Are investors shorting LPL Financial?

LPL Financial saw a drop in short interest in January. As of January 31st, there was short interest totaling 742,000 shares, a drop of 28.7% from the January 15th total of 1,040,000 shares. Based on an average daily trading volume, of 664,600 shares, the days-to-cover ratio is currently 1.1 days. Currently, 1.0% of the shares of the stock are sold short.
View LPL Financial's Short Interest
.

When is LPL Financial's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024.
View our LPLA earnings forecast
.

How were LPL Financial's earnings last quarter?

LPL Financial Holdings Inc. (NASDAQ:LPLA) released its quarterly earnings data on Thursday, February, 1st. The financial services provider reported $3.51 EPS for the quarter, topping the consensus estimate of $3.33 by $0.18. The financial services provider had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.55 billion. LPL Financial had a net margin of 10.61% and a trailing twelve-month return on equity of 57.30%. The business's revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period last year, the firm posted $4.21 EPS.

How often does LPL Financial pay dividends? What is the dividend yield for LPL Financial?

LPL Financial announced a quarterly dividend on Tuesday, January 30th. Shareholders of record on Tuesday, March 12th will be given a dividend of $0.30 per share on Tuesday, March 26th. This represents a $1.20 annualized dividend and a yield of 0.46%. The ex-dividend date is Monday, March 11th.
Read our dividend analysis for LPLA
.

Is LPL Financial a good dividend stock?

LPL Financial (NASDAQ:LPLA) pays an annual dividend of $1.20 per share and currently has a dividend yield of 0.47%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 8.79%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, LPLA will have a dividend payout ratio of 6.35% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for LPLA.

What is Dan Arnold's approval rating as LPL Financial's CEO?

171 employees have rated LPL Financial Chief Executive Officer Dan Arnold on Glassdoor.com. Dan Arnold has an approval rating of 87% among the company's employees.

What other stocks do shareholders of LPL Financial own?
Who are LPL Financial's major shareholders?

LPL Financial's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (9.44%), Price T Rowe Associates Inc. MD (3.25%), Capital Research Global Investors (2.92%), WCM Investment Management LLC (2.24%), Boston Partners (1.36%) and Norges Bank (1.16%). Insiders that own company stock include Aneri Jambusaria, Brent Simonich, Dan H Arnold, Edward Fandrey, George Burton White, Matthew Enyedi, Matthew J Audette, Michelle Oroschakoff, Richard Steinmeier, Sallie R Larsen, Scott Seese and William Francis Glavin Jr.
View institutional ownership trends
.

How do I buy shares of LPL Financial?

Shares of LPLA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does LPL Financial have any subsidiaries?
The following companies are subsidiares of LPL Financial: AW Subsidiary Inc., AdvisoryWorld, AdvisoryWorld, Allen & Company of Florida LLC, Blaze Portfolio Systems LLC, BlazePortfolio, Fortigent Holdings Company Inc., Fortigent LLC, Fortigent LLC, LPL Employee Services LLC, LPL Financial LLC, LPL Holdings Inc., LPL Insurance Associates Inc., Lucia Securities, National Planning Holdings, PTC Holdings Inc., and The Private Trust Company N.A..
Read More
This page (NASDAQ:LPLA) was last updated on 2/22/2024 by MarketBeat.com Staff