About LPL Financial (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 financial institutions in the United States. Its brokerage offerings include variable and fixed annuities, mutual funds, equities, retirement and 529 education savings plans, fixed income, and insurance, as well as alternative investments, such as non-traded real estate investment trusts and business development companies. The company also provides fee-based 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 cash sweep programs; 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; and trust, investment management oversight, and custodial services to trusts for estates and families, as well as insurance brokerage general agency services. It offers its services to approximately 15,000 independent financial advisors, including financial advisors at approximately 700 financial institutions. 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 1968 and is based in Boston, Massachusetts.
Industry, Sector and Symbol
Industry Security & commodity brokers, dealers, exchanges & services
Sub-IndustryInvestment Banking & Brokerage
Trailing P/E Ratio21.28
Forward P/E Ratio14.18
Sales & Book Value
Annual Sales$4.28 billion
Price / Sales1.45
Cash Flow$4.4759 per share
Price / Cash15.55
Book Value$10.70 per share
Price / Book6.50
EPS (Most Recent Fiscal Year)$3.00
Net Income$238.86 million
Return on Equity31.76%
Return on Assets5.88%
LPL Financial (NASDAQ:LPLA) Frequently Asked Questions
What is LPL Financial's stock symbol?
LPL Financial trades on the NASDAQ under the ticker symbol "LPLA."
How often does LPL Financial pay dividends? What is the dividend yield for LPL Financial?
LPL Financial announced a quarterly dividend on Friday, April 27th. Shareholders of record on Friday, May 18th will be given a dividend of $0.25 per share on Friday, June 1st. This represents a $1.00 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date is Thursday, May 17th. View LPL Financial's Dividend History.
How will LPL Financial's stock buyback program work?
LPL Financial announced that its board has authorized a share buyback program on Thursday, December 7th 2017, which authorizes the company to buyback $359,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company's management believes its stock is undervalued.
How were LPL Financial's earnings last quarter?
LPL Financial Holdings Inc (NASDAQ:LPLA) announced its earnings results on Thursday, May, 3rd. The financial services provider reported $1.01 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.69 by $0.32. The financial services provider had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.17 billion. LPL Financial had a net margin of 6.33% and a return on equity of 31.76%. LPL Financial's quarterly revenue was up 19.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.52 EPS. View LPL Financial's Earnings History.
When is LPL Financial's next earnings date?
What price target have analysts set for LPLA?
10 brokerages have issued twelve-month price targets for LPL Financial's stock. Their predictions range from $60.00 to $92.00. On average, they expect LPL Financial's share price to reach $77.60 in the next twelve months. View Analyst Ratings for LPL Financial.
Are investors shorting LPL Financial?
LPL Financial saw a drop in short interest in May. As of May 31st, there was short interest totalling 1,177,754 shares, a drop of 41.1% from the May 15th total of 1,998,570 shares. Based on an average daily volume of 781,998 shares, the days-to-cover ratio is currently 1.5 days. Approximately 1.3% of the shares of the company are sold short.
Who are some of LPL Financial's key competitors?
Who are LPL Financial's key executives?
LPL Financial's management team includes the folowing people:
- Mr. Dan Hogan Arnold Jr., Pres, CEO & Director (Age 54)
- Mr. Matthew Jon Audette, MD & CFO (Age 43)
- Mr. Thomas Gooley, Managing Director of Service, Trading & Operations (Age 53)
- Mr. George Burton White, MD of Investor & Investment Solutions and Chief Investment Officer (Age 48)
- Mr. Scott Seese, MD & Chief Information Officer (Age 48)
Has LPL Financial been receiving favorable news coverage?
News stories about LPLA stock have trended somewhat positive recently, Accern reports. The research firm scores the sentiment of media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. LPL Financial earned a daily sentiment score of 0.22 on Accern's scale. They also gave media coverage about the financial services provider an impact score of 44.51 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company's share price in the immediate future.
Who are LPL Financial's major shareholders?
LPL Financial's stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (4.48%), First Pacific Advisors LLC (4.35%), Frontier Capital Management Co. LLC (1.93%), Dimensional Fund Advisors LP (1.53%), Point72 Asset Management L.P. (1.11%) and Victory Capital Management Inc. (0.90%). Company insiders that own LPL Financial stock include Dan H Arnold, George Burton White, James S Riepe, John Andrew Kalbaugh, Marco Hellman, Mark S Casady, Michelle Oroschakoff, Tracy Calder and William P Jr Morrissey. View Institutional Ownership Trends for LPL Financial.
Which institutional investors are selling LPL Financial stock?
LPLA stock was sold by a variety of institutional investors in the last quarter, including HMI Capital LLC, First Pacific Advisors LLC, JPMorgan Chase & Co., Victory Capital Management Inc., Three Peaks Capital Management LLC, Dimensional Fund Advisors LP, Russell Investments Group Ltd. and Zweig DiMenna Associates LLC. Company insiders that have sold LPL Financial company stock in the last year include Dan H Arnold, George Burton White, James S Riepe, John Andrew Kalbaugh, Marco Hellman, Michelle Oroschakoff, Tracy Calder and William P Jr Morrissey. View Insider Buying and Selling for LPL Financial.
Which institutional investors are buying LPL Financial stock?
LPLA stock was purchased by a variety of institutional investors in the last quarter, including Frontier Capital Management Co. LLC, Westfield Capital Management Co. LP, Mackay Shields LLC, Millennium Management LLC, Clearfield Capital Management LP, Nuveen Asset Management LLC, Point72 Asset Management L.P. and Great Lakes Advisors LLC. View Insider Buying and Selling for LPL Financial.
How do I buy shares of LPL Financial?
Shares of LPLA can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is LPL Financial's stock price today?
One share of LPLA stock can currently be purchased for approximately $69.60.
How big of a company is LPL Financial?
LPL Financial has a market capitalization of $6.20 billion and generates $4.28 billion in revenue each year. The financial services provider earns $238.86 million in net income (profit) each year or $3.00 on an earnings per share basis. LPL Financial employs 3,736 workers across the globe.
How can I contact LPL Financial?
LPL Financial's mailing address is 75 STATE STREET, BOSTON MA, 02109. The financial services provider can be reached via phone at 617-423-3644 or via email at [email protected]
MarketBeat Community Rating for LPL Financial (LPLA)MarketBeat's community ratings are surveys of what our community members think about LPL Financial and other stocks. Vote "Outperform" if you believe LPLA will outperform the S&P 500 over the long term. Vote "Underperform" if you believe LPLA will underperform the S&P 500 over the long term. You may vote once every thirty days.