LPL Financial Holdings Company Profile (NASDAQ:LPLA)

LPL Financial Holdings trades on the NASDAQ under the ticker symbol "LPLA."

LPL Financial Holdings declared a quarterly dividend on Friday, April 28th. Stockholders of record on Monday, May 15th will be given a dividend of $0.25 per share on Thursday, May 25th. This represents a $1.00 annualized dividend and a dividend yield of 2.52%. The ex-dividend date of this dividend is Thursday, May 11th. View LPL Financial Holdings' Dividend History.

LPL Financial Holdings Inc (NASDAQ:LPLA) posted its quarterly earnings results on Thursday, April, 27th. The company reported $0.66 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.36 by $0.30. The firm earned $1.04 billion during the quarter, compared to analyst estimates of $1.01 billion. LPL Financial Holdings had a net margin of 4.74% and a return on equity of 25.39%. LPL Financial Holdings's revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.56 earnings per share. View LPL Financial Holdings' Earnings History.

9 brokerages have issued 1-year price targets for LPL Financial Holdings' stock. Their forecasts range from $27.00 to $51.00. On average, they anticipate LPL Financial Holdings' stock price to reach $41.67 in the next twelve months. View Analyst Ratings for LPL Financial Holdings.

Here are some recent quotes from research analysts about LPL Financial Holdings stock:

• 1. According to Zacks Investment Research, "LPL Financial Holdings Inc. is engaged in providing 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, general securities, alternative investments, retirement plans, fixed income, and insurance offerings. LPL Financial Holdings Inc., formerly known as LPL Investment Holdings Inc., is based in Boston, Massachusetts. " (4/12/2017)
• 2. SunTrust Banks, Inc. analysts commented, "We reiterate our Hold rating following LPL's February metrics report, which featured strong brokerage and advisory asset growth. We have also increased our 2017/2018 EPS estimates to $2.43/$2.52 from $2.41/$2.47, respectively, to reflect asset growth and higher short-term interest rates, partially offset by higher expected operating costs. Our $42 price target equals 21x 2018E EPS, discounted back 24 months at 12% per year (vs. the 24x historical average)." (3/17/2017)

LPL Financial Holdings saw a decrease in short interest in the month of May. As of May 15th, there was short interest totalling 708,916 shares, a decrease of 31.2% from the April 28th total of 1,030,927 shares. Based on an average daily trading volume, of 559,094 shares, the short-interest ratio is currently 1.3 days. Approximately 0.8% of the shares of the company are sold short.

Some companies that are related to LPL Financial Holdings include BGC Partners (BGCP), Interactive Brokers Group (IBKR), KCG Holdings, Inc. Class A (KCG), Virtu Financial (VIRT), Cowen Group (COWN), Gain Capital Holdings (GCAP), FBR & Co (FBRC), JMP Group (JMP), A-Mark Precious Metals (AMRK), Global Brokerage (GLBR), GFI Group (GFIG), Goldman Sachs BDC (GSBD) and RCS Capital Corp (RCAP).

LPL Financial Holdings' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Janus Capital Management LLC (9.95%), Vanguard Group Inc. (8.79%), Fairview Capital Investment Management LLC (4.82%), BlackRock Inc. (3.88%), Clarkston Capital Partners LLC (3.18%) and Dimensional Fund Advisors LP (1.56%). Company insiders that own LPL Financial Holdings stock include Dan H Arnold, George Burton White, Group Holdings (Sbs) Advis Tpg, John Andrew Kalbaugh, Marco Hellman, Mark S Casady, Sharyn Handelsman, Tracy Calder and Viet D Dinh. View Institutional Ownership Trends for LPL Financial Holdings.

LPL Financial Holdings' stock was sold by a variety of institutional investors in the last quarter, including Laurion Capital Management LP, Fairview Capital Investment Management LLC, Dragoneer Investment Group LLC, Monashee Investment Management LLC, Clarkston Capital Partners LLC, Morgan Stanley, Wells Fargo & Company MN and State of Wisconsin Investment Board. Company insiders that have sold LPL Financial Holdings stock in the last year include Dan H Arnold, George Burton White, John Andrew Kalbaugh, Marco Hellman, Mark S Casady and Tracy Calder. View Insider Buying and Selling for LPL Financial Holdings.

LPL Financial Holdings' stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Point72 Asset Management L.P., Vanguard Group Inc., Janus Capital Management LLC, Principal Financial Group Inc., Prudential Financial Inc., Kingdon Capital Management L.L.C. and Goldman Sachs Group Inc.. Company insiders that have bought LPL Financial Holdings stock in the last two years include Mark S Casady and Viet D Dinh. View Insider Buying and Selling for LPL Financial Holdings.

Shares of LPL Financial Holdings can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of LPL Financial Holdings stock can currently be purchased for approximately $39.69.