LPL Financial - LPLA Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for LPL Financial in the last twelve months. There are currently 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" LPLA shares.
View LPLA analyst ratings or view top-rated stocks.

6 brokers have issued 1-year price objectives for LPL Financial's stock. Their LPLA share price forecasts range from $184.00 to $290.00. On average, they predict the company's stock price to reach $246.86 in the next twelve months. This suggests a possible upside of 10.5% from the stock's current price.
View analysts price targets for LPLA or view top-rated stocks among Wall Street analysts.

LPL Financial's stock was trading at $160.09 at the beginning of the year. Since then, LPLA shares have increased by 39.6% and is now trading at $223.42.
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LPL Financial saw a drop in short interest in November. As of November 15th, there was short interest totaling 1,630,000 shares, a drop of 34.3% from the October 31st total of 2,480,000 shares. Based on an average daily volume of 1,010,000 shares, the days-to-cover ratio is currently 1.6 days. Currently, 2.1% of the shares of the company are short sold.
View LPL Financial's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 2nd 2023.
View our LPLA earnings forecast.

LPL Financial Holdings Inc. (NASDAQ:LPLA) released its earnings results on Thursday, October, 28th. The financial services provider reported $1.77 earnings per share for the quarter, beating the consensus estimate of $1.72 by $0.05. The financial services provider earned $2.02 billion during the quarter, compared to analyst estimates of $2.04 billion. LPL Financial had a trailing twelve-month return on equity of 40.28% and a net margin of 7.59%. LPL Financial's revenue was up 38.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.44 EPS.

LPL Financial announced a quarterly dividend on Thursday, October 27th. Stockholders of record on Thursday, November 10th will be paid a dividend of $0.25 per share on Monday, November 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date of this dividend is Wednesday, November 9th.
Read our dividend analysis for LPLA.

LPL Financial (NASDAQ:LPLA) pays an annual dividend of $1.00 per share and currently has a dividend yield of 0.42%. The dividend payout ratio is 12.84%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, LPLA will have a dividend payout ratio of 5.11% 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 a number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (8.95%), BlackRock Inc. (6.08%), Kayne Anderson Rudnick Investment Management LLC (3.40%), WCM Investment Management LLC (3.00%), Lone Pine Capital LLC (2.49%) and Clarkston Capital Partners LLC (2.34%). Insiders that own company stock include Brent Simonich, Dan H Arnold, Edward Fandrey, George Burton White, John Andrew Kalbaugh, Matthew Enyedi, Matthew J Audette, Michelle Oroschakoff, Richard Steinmeier, Sallie R Larsen, Sallie R Larsen, Scott Seese and William Francis Glavin Jr.
View institutional ownership trends.

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 $223.42.

LPL Financial (NASDAQ:LPLA) has a market capitalization of $17.78 billion and generates $7.72 billion in revenue each year. The financial services provider earns $459.87 million in net income (profit) each year or $7.79 on an earnings per share basis.

The company employs 5,900 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.