LPL Financial (LPLA) Stock Forecast, Price & News

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for LPL Financial in the last year. There are currently 5 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" LPLA shares.
View LPLA analyst ratings or view top-rated stocks.

10 brokers have issued 12-month price targets for LPL Financial's stock. Their LPLA share price forecasts range from $192.00 to $290.00. On average, they anticipate the company's stock price to reach $248.60 in the next year. This suggests a possible upside of 3.1% from the stock's current price.
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LPL Financial's stock was trading at $216.17 at the beginning of 2023. Since then, LPLA shares have increased by 11.6% and is now trading at $241.15.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our LPLA earnings forecast.

LPL Financial Holdings Inc. (NASDAQ:LPLA) released its quarterly earnings data on Thursday, July, 27th. The financial services provider reported $3.94 EPS for the quarter, beating the consensus estimate of $3.87 by $0.07. The financial services provider had revenue of $2.47 billion for the quarter, compared to analysts' expectations of $2.44 billion. LPL Financial had a net margin of 12.53% and a trailing twelve-month return on equity of 59.52%. LPL Financial's revenue for the quarter was up 21.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.24 EPS.

LPL Financial announced a quarterly dividend on Thursday, July 27th. Shareholders of record on Friday, August 11th will be given a dividend of $0.30 per share on Friday, August 25th. This represents a $1.20 annualized dividend and a dividend yield of 0.50%. The ex-dividend date of this dividend is Thursday, August 10th.
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).

LPL Financial (NASDAQ:LPLA) pays an annual dividend of $1.20 per share and currently has a dividend yield of 0.50%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 8.16%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, LPLA will have a dividend payout ratio of 6.85% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for LPLA.

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 trades on the NASDAQ under the ticker symbol "LPLA."

LPL Financial's stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (8.23%), WCM Investment Management LLC (3.15%), Capital Research Global Investors (2.88%), Kayne Anderson Rudnick Investment Management LLC (2.71%), State Street Corp (2.24%) and Geode Capital Management LLC (1.73%). Insiders that own company stock include Brent Simonich, Dan H Arnold, Edward Fandrey, George Burton White, Matthew Enyedi, Matthew J Audette, Michelle Oroschakoff, Richard Steinmeier, Sallie R Larsen, 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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One share of LPLA stock can currently be purchased for approximately $241.15.

LPL Financial (NASDAQ:LPLA) has a market capitalization of $18.40 billion and generates $8.60 billion in revenue each year. The financial services provider earns $845.70 million in net income (profit) each year or $14.70 on an earnings per share basis.

The company employs 6,900 workers across the globe.

LPL Financial's mailing address is 4707 EXECUTIVE DRIVE, SAN DIEGO CA, 92121. The official website for the company is www.lpl.com. The financial services provider can be reached via phone at (800) 877-7210 or via email at investor.relations@lpl.com.