LPL Financial Stock Price, News & Analysis (NASDAQ:LPLA)

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for LPL Financial in the last twelve months. There are currently 4 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" LPLA shares.
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9 Wall Street analysts have issued twelve-month price objectives for LPL Financial's stock. Their LPLA share price targets range from $192.00 to $290.00. On average, they predict the company's share price to reach $252.90 in the next twelve months. This suggests a possible upside of 13.8% from the stock's current price.
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LPL Financial's stock was trading at $216.17 at the beginning of the year. Since then, LPLA shares have increased by 2.8% and is now trading at $222.30.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 1st 2024.
View our LPLA earnings forecast.

LPL Financial Holdings Inc. (NASDAQ:LPLA) issued its earnings results on Thursday, October, 26th. The financial services provider reported $3.74 earnings per share for the quarter, topping analysts' consensus estimates of $3.59 by $0.15. The financial services provider had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.51 billion. LPL Financial had a trailing twelve-month return on equity of 60.49% and a net margin of 11.99%. The company's revenue was up 16.6% compared to the same quarter last year. During the same period in the prior year, the business posted $3.13 earnings per share.

LPL Financial announced a quarterly dividend on Thursday, October 26th. Stockholders of record on Thursday, November 9th will be paid a dividend of $0.30 per share on Monday, November 27th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date of this dividend is Wednesday, November 8th.
Read our dividend analysis for LPLA.

LPL Financial (NASDAQ:LPLA) pays an annual dividend of $1.20 per share and currently has a dividend yield of 0.55%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 8.14%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, LPLA will have a dividend payout ratio of 7.49% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for LPLA.

ETFs with the largest weight of LPL Financial (NASDAQ:LPLA) stock in their portfolio include iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI), AdvisorShares Gerber Kawasaki ETF (GK), Future Fund Long/Short ETF (FFLS), Future Fund Active ETF (FFND), Proshares Equities For Rising Rates ETF (EQRR), Nuveen ESG Mid-Cap Growth ETF (NUMG), SPDR S&P Capital Markets ETF (KCE) and Global X Guru Index ETF (GURU).

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.

Based on aggregate information from My MarketBeat watchlists, some companies that other LPL Financial investors own include Energy Transfer (ET), AT&T (T), Cornerstone Total Return Fund (CRF), Wells Fargo & Company (WFC), CBL & Associates Properties (CBL), Ford Motor (F), SandRidge Permian Trust (PER), Cornerstone Strategic Value Fund (CLM), SunCoke Energy Partners (SXCP) and Martin Midstream Partners (MMLP).

LPL Financial's stock is owned by a number of retail and institutional investors. Top institutional shareholders include WCM Investment Management LLC (3.25%), FMR LLC (3.01%), Kayne Anderson Rudnick Investment Management LLC (2.84%), Lone Pine Capital LLC (2.43%), Clarkston Capital Partners LLC (1.97%) and JPMorgan Chase & Co. (1.59%). 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.
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Shares of LPLA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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