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
SectorFinance
Phone617-423-3644
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$4.28 billion
Profitability
Miscellaneous
Employees3,736
OptionableOptionable
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 declared a quarterly dividend on Friday, October 26th. Stockholders of record on Thursday, November 8th will be paid a dividend of $0.25 per share on Monday, November 26th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date is Wednesday, November 7th. View LPL Financial's Dividend History.
How will LPL Financial's stock buyback program work?
LPL Financial announced that its Board of Directors has authorized a share repurchase program on Thursday, December 7th 2017, which allows the company to buyback $359,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company's management believes its stock is undervalued.
How were LPL Financial's earnings last quarter?
LPL Financial Holdings Inc (NASDAQ:LPLA) released its quarterly earnings data on Thursday, October, 25th. The financial services provider reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.08. The financial services provider earned $1.33 billion during the quarter, compared to analysts' expectations of $1.30 billion. LPL Financial had a return on equity of 41.69% and a net margin of 7.68%. View LPL Financial's Earnings History.
When is LPL Financial's next earnings date?
What price target have analysts set for LPLA?
11 equities research analysts have issued 1-year price targets for LPL Financial's shares. Their forecasts range from $65.00 to $88.00. On average, they anticipate LPL Financial's stock price to reach $77.30 in the next twelve months. This suggests a possible upside of 11.6% from the stock's current price. View Analyst Price Targets for LPL Financial.
What is the consensus analysts' recommendation for LPL Financial?
11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for LPL Financial in the last year. There are currently 3 hold ratings, 7 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for LPL Financial.
Has LPL Financial been receiving favorable news coverage?
News coverage about LPLA stock has been trending very positive on Tuesday, according to InfoTrie Sentiment. The research firm identifies positive and negative media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. LPL Financial earned a coverage optimism score of 3.2 on InfoTrie's scale. They also assigned press coverage about the financial services provider a news buzz of 4.0 out of 10, indicating that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the near term.
Are investors shorting LPL Financial?
LPL Financial saw a increase in short interest during the month of December. As of December 31st, there was short interest totalling 1,120,935 shares, an increase of 45.4% from the December 14th total of 770,949 shares. Based on an average daily trading volume, of 713,287 shares, the days-to-cover ratio is currently 1.6 days. Approximately 1.3% of the shares of the company are sold short. View LPL Financial's Current Options Chain.
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)
Who are LPL Financial's major shareholders?
LPL Financial's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Clarkston Capital Partners LLC (1.71%), Boston Advisors LLC (0.08%), Hennessy Advisors Inc. (0.06%), Bank of Montreal Can (0.04%), TrimTabs Asset Management LLC (0.02%) and Navellier & Associates Inc (0.01%). 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, Sallie R Larsen, Thomas Gooley, Tracy Calder and William P Jr Morrissey. View Institutional Ownership Trends for LPL Financial.
Which major investors are selling LPL Financial stock?
LPLA stock was sold by a variety of institutional investors in the last quarter, including Hennessy Advisors Inc., Bank of Montreal Can, First Hawaiian Bank, Oakbrook Investments LLC, Navellier & Associates Inc and Meeder Asset Management Inc.. 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, Sallie R Larsen, Thomas Gooley, Tracy Calder and William P Jr Morrissey. View Insider Buying and Selling for LPL Financial.
Which major investors are buying LPL Financial stock?
LPLA stock was purchased by a variety of institutional investors in the last quarter, including Boston Advisors LLC, TrimTabs Asset Management LLC, Clarkston Capital Partners LLC and Contravisory Investment Management Inc.. 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 $69.29.
How big of a company is LPL Financial?
LPL Financial has a market capitalization of $6.01 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.
What is LPL Financial's official website?
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 (NASDAQ 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.
