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. 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$5.19 billion
Profitability
Miscellaneous
Employees4,229
Next Earnings Date5/2/2019 (Confirmed)
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 announced a quarterly dividend on Friday, February 1st. Shareholders of record on Friday, March 15th will be paid a dividend of $0.25 per share on Friday, March 29th. This represents a $1.00 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date is Thursday, March 14th. View LPL Financial's Dividend History.
How will LPL Financial's stock buyback program work?
LPL Financial announced that its Board of Directors has initiated a stock buyback program on Thursday, December 7th 2017, which authorizes the company to buyback $359,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes 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 shares are undervalued.
How were LPL Financial's earnings last quarter?
LPL Financial Holdings Inc (NASDAQ:LPLA) released its earnings results on Thursday, January, 31st. The financial services provider reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.12. The financial services provider earned $1.32 billion during the quarter, compared to the consensus estimate of $1.36 billion. LPL Financial had a net margin of 8.47% and a return on equity of 46.58%. View LPL Financial's Earnings History.
When is LPL Financial's next earnings date?
How can I listen to LPL Financial's earnings call?
LPL Financial will be holding an earnings conference call on Thursday, May 2nd at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8776779122.
What price target have analysts set for LPLA?
9 equities research analysts have issued 1-year price targets for LPL Financial's stock. Their predictions range from $65.00 to $100.00. On average, they expect LPL Financial's stock price to reach $80.50 in the next twelve months. This suggests a possible upside of 8.3% from the stock's current price. View Analyst Price Targets for LPL Financial.
What is the consensus analysts' recommendation for LPL Financial?
9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for LPL Financial in the last year. There are currently 3 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for LPL Financial.
Has LPL Financial been receiving favorable news coverage?
Media coverage about LPLA stock has been trending positive this week, InfoTrie Sentiment Analysis reports. The research group rates the sentiment of news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. LPL Financial earned a news impact score of 2.5 on InfoTrie's scale. They also assigned news coverage about the financial services provider a news buzz of 1.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the near term.
Who are some of LPL Financial's key competitors?
What other stocks do shareholders of LPL Financial own?
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 55)
- Mr. Matthew Jon Audette, Chief Financial Officer (Age 44)
- Mr. George Burton White, MD of Investor & Investment Solutions and Chief Investment Officer (Age 49)
- Mr. Scott Seese, MD & Chief Information Officer (Age 48)
- Mr. Chris Koegel, Sr. VP of Investor Relations
Who are LPL Financial's major shareholders?
LPL Financial's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Clarkston Capital Partners LLC (1.76%), Boston Advisors LLC (0.11%), Northpointe Capital LLC (0.07%), Hennessy Advisors Inc. (0.06%), Bowling Portfolio Management LLC (0.04%) and Winthrop Advisory Group LLC (0.03%). Company insiders that own LPL Financial stock 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 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 Clarkston Capital Partners LLC, Hennessy Advisors Inc., Bank of The West, Eqis Capital Management Inc., Winthrop Advisory Group LLC, Raymond James Trust N.A., Contravisory Investment Management Inc. and Oakbrook Investments 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, Michelle Oroschakoff, Sallie R Larsen, Thomas Gooley and Tracy Calder. 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 Bowling Portfolio Management LLC, Boston Advisors LLC, Meeder Asset Management Inc., Bailard Inc., State of Alaska Department of Revenue, Sciencast Management LP, Northpointe Capital LLC and Strs Ohio. 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 $74.36.
How big of a company is LPL Financial?
LPL Financial has a market capitalization of $6.27 billion and generates $5.19 billion in revenue each year. The financial services provider earns $439.46 million in net income (profit) each year or $5.33 on an earnings per share basis. LPL Financial employs 4,229 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 22ND FLOOR, 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.
