About LPL Financial Holdings (NASDAQ:LPLA)
LPL Financial Holdings Inc. is a broker-dealer, a custodian for registered investment advisors and an independent consultant to retirement plans. The Company provides a platform of brokerage and investment advisory services to independent financial advisors, including financial advisors at financial institutions across the country. It also supported approximately 4,000 financial advisors, affiliated and licensed with insurance companies through customized clearing services, advisory platforms and technology solutions, as of December 31, 2016. Through its advisors, it is a distributor of financial products and services in the United States. It provides its technology and service to advisors through a technology platform that is server-based and Web-accessible. Its technology offerings are designed to permit its advisors to manage various aspects of their businesses. It automates time-consuming processes, such as account opening and management, document imaging and account rebalancing.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Investment Banking & Brokerage Services
- Sub-Industry: Investment Banking & Brokerage
- Symbol: NASDAQ:LPLA
- CUSIP: 50212V10
- Web: www.lpl.com
- Market Cap: $4.81 billion
- Outstanding Shares: 89,975,000
- 50 Day Moving Avg: $49.87
- 200 Day Moving Avg: $44.24
- 52 Week Range: $30.18 - $53.92
Sales & Book Value:
- Trailing P/E Ratio: 22.81
- Foreward P/E Ratio: 16.45
- P/E Growth: 1.72
- Annual Revenue: $4.13 billion
- Price / Sales: 1.16
- Book Value: $9.93 per share
- Price / Book: 5.38
- Annual Dividend: $1.00
- Dividend Yield: 1.9%
- EBITDA: $560.84 million
- Net Margins: 5.10%
- Return on Equity: 26.45%
- Return on Assets: 4.70%
- Debt-to-Equity Ratio: 2.44%
- Current Ratio: 1.52%
- Quick Ratio: 1.52%
- Average Volume: 693,552 shs.
- Beta: 1.87
- Short Ratio: 1.01
Frequently Asked Questions for LPL Financial Holdings (NASDAQ:LPLA)
What is LPL Financial Holdings' stock symbol?
LPL Financial Holdings trades on the NASDAQ under the ticker symbol "LPLA."
How often does LPL Financial Holdings pay dividends? What is the dividend yield for LPL Financial Holdings?
LPL Financial Holdings declared a quarterly dividend on Friday, July 28th. Investors of record on Thursday, August 10th will be paid a dividend of $0.25 per share on Thursday, August 24th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date of this dividend is Tuesday, August 8th. View LPL Financial Holdings' Dividend History.
How were LPL Financial Holdings' earnings last quarter?
LPL Financial Holdings Inc. (NASDAQ:LPLA) announced its earnings results on Thursday, July, 27th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.66 by $0.08. The business earned $1.07 billion during the quarter, compared to analyst estimates of $1.05 billion. LPL Financial Holdings had a return on equity of 26.45% and a net margin of 5.10%. LPL Financial Holdings's quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the company earned $0.53 EPS. View LPL Financial Holdings' Earnings History.
When will LPL Financial Holdings make its next earnings announcement?
Where is LPL Financial Holdings' stock going? Where will LPL Financial Holdings' stock price be in 2017?
8 brokers have issued 1-year price targets for LPL Financial Holdings' shares. Their forecasts range from $42.00 to $58.00. On average, they expect LPL Financial Holdings' share price to reach $49.75 in the next twelve months. View Analyst Ratings for LPL Financial Holdings.
What are analysts saying about LPL Financial Holdings stock?
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. " (10/18/2017)
- 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)
Are investors shorting LPL Financial Holdings?
LPL Financial Holdings saw a increase in short interest during the month of September. As of September 29th, there was short interest totalling 1,360,792 shares, an increase of 148.9% from the September 15th total of 546,756 shares. Based on an average daily trading volume, of 624,759 shares, the days-to-cover ratio is currently 2.2 days. Approximately 1.5% of the shares of the stock are short sold.
Who are some of LPL Financial Holdings' key competitors?
Some companies that are related to LPL Financial Holdings include KKR & Co. L.P. (KKR), Land Securities Group PLC (LSGOF), Zions Bancorporation (ZION), American Financial Group (AFG), Federal Realty Investment Trust (FRT), East West Bancorp (EWBC), Alleghany Corporation (Y), Aercap Holdings N.V. (AER), W.R. Berkley Corporation (WRB), British Land Company PLC Sponsored ADR (BTLCY), Bankinter SA (BKNIY), Macro Bank (BMA), Camden Property Trust (CPT), Macerich Company (The) (MAC), Kimco Realty Corporation (KIM), Scor SE (SCRYY), VEREIT (VER) and American Capital Agency Corp. (AGNC).
Who are LPL Financial Holdings' key executives?
LPL Financial Holdings' management team includes the folowing people:
- Dan H. Arnold Jr., President, Chief Executive Officer, Director
- Matthew J. Audette, Chief Financial Officer
- George Burton White, Managing Director, Investor and Investment Solutions and Chief Investment Officer
- Victor P. Fetter, Chief Information Officer, Managing Director
- Tracy Ellen Calder, Deputy Chief Risk Officer, Managing Director
- Michelle B. Oroschakoff, Chief Risk Officer, Managing Director
- David P. Bergers, General Counsel, Managing Director - Legal and Government Relations
- Thomas Gooley, Managing Director - Service, Trading & Operations
- J. Andrew Kalbaugh, Managing Director, Divisional President, National Sales and Consulting
- Sallie R. Larsen, Managing Director, Chief Human Capital Officer
Who owns LPL Financial Holdings stock?
LPL Financial Holdings' stock is owned by a number of of retail and institutional investors. Top institutional investors include Quantitative Systematic Strategies LLC (0.04%). 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, Tracy Calder, Viet D Dinh and William P Jr Morrissey. View Institutional Ownership Trends for LPL Financial Holdings.
Who bought LPL Financial Holdings stock? Who is buying LPL Financial Holdings stock?
How do I buy LPL Financial Holdings stock?
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.
What is LPL Financial Holdings' stock price today?
MarketBeat Community Rating for LPL Financial Holdings (NASDAQ LPLA)MarketBeat's community ratings are surveys of what our community members think about LPL Financial Holdings and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of LPL Financial Holdings stock can currently be purchased for approximately $53.47.
Consensus Ratings for LPL Financial Holdings (NASDAQ:LPLA) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||1 Sell Rating, 2 Hold Ratings, 4 Buy Ratings, 1 Strong Buy Rating|
|Consensus Rating:||Buy (Score: 2.63)|
|Consensus Price Target: ||$49.75 (6.96% downside)|Consensus Price Target History for LPL Financial Holdings (NASDAQ:LPLA)
Analysts' Ratings History for LPL Financial Holdings (NASDAQ:LPLA)
(Data available from 10/20/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/5/2017||Morgan Stanley||Boost Price Target||Underweight||$39.00 -> $42.00||N/A|
|8/18/2017||J P Morgan Chase & Co||Reiterated Rating||Neutral||$48.00 -> $51.00||Low|
|8/17/2017||Nomura||Boost Price Target||Buy||$53.00 -> $58.00||Low|
|8/16/2017||SunTrust Banks, Inc.||Upgrade||Hold -> Buy||$49.00 -> $55.00||High|
|7/4/2017||Keefe, Bruyette & Woods||Reiterated Rating||Hold||$44.00||Low|
|5/10/2017||Citigroup Inc.||Boost Price Target||Buy||$47.00 -> $50.00||Low|
|4/28/2017||Instinet||Upgrade||Neutral -> Buy||$46.00 -> $51.00||High|
|3/20/2017||Goldman Sachs Group, Inc. (The)||Upgrade||Neutral -> Conviction-Buy||$44.00 -> $47.00||Low|
|8/22/2016||Credit Suisse Group||Downgrade||Outperform -> Neutral||$28.00||N/A|
|2/12/2016||Wells Fargo & Co||Downgrade||Outperform -> Market Perform||N/A|
|2/5/2016||Susquehanna Bancshares Inc||Upgrade||Negative -> Neutral||$31.00 -> $27.00||N/A|
Earnings History for LPL Financial Holdings (NASDAQ:LPLA)Earnings History by Quarter for LPL Financial Holdings (NASDAQ LPLA)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/27/2017||Q2 2017||$0.66||$0.74||$1.05 billion||$1.07 billion||View||N/A|
|4/27/2017||Q1 2017||$0.36||$0.66||$1.01 billion||$1.04 billion||View||N/A|
|2/9/2017||Q4 2016||$0.36||$0.46||$1.01 billion||$1.01 billion||View||Listen|
|11/2/2016||Q316||$0.38||$0.42||$1.02 billion||$1.02 billion||View||N/A|
|7/28/2016||Q2||$0.44||$0.53||$1,000.00 million||$1.02 billion||View||Listen|
|4/28/2016||Q1||$0.44||$0.56||$1.03 billion||$1.01 billion||View||N/A|
|2/11/2016||Q4||$0.51||$0.37||$1.05 billion||$1.02 billion||View||Listen|
|10/29/2015||Q3||$0.54||$0.55||$1.07 billion||$1.06 billion||View||Listen|
|8/5/2015||Q215||$0.64||$0.61||$1.10 billion||$1.09 billion||View||N/A|
|4/30/2015||Q115||$0.62||$0.60||$1.13 billion||$1.11 billion||View||N/A|
|2/19/2015||Q414||$0.61||$0.66||$1.11 billion||$1.10 billion||View||N/A|
|10/30/2014||Q314||$0.46||$0.48||$1.10 billion||$1.09 billion||View||N/A|
|7/30/2014||Q214||$0.56||$0.57||$1.10 billion||$1.09 billion||View||Listen|
|4/23/2014||Q114||$0.72||$0.69||$1.11 billion||$1.09 billion||View||Listen|
|2/11/2014||Q413||$0.58||$0.63||$1.07 billion||$1.09 billion||View||Listen|
|10/30/2013||Q313||$0.52||$0.56||$1.02 billion||$1.05 billion||View||N/A|
|7/31/2013||Q2 2013||$0.60||$0.61||$999.14 million||$1.02 billion||View||N/A|
|4/25/2013||Q1 2013||$0.55||$0.64||$978.92 million||$974.80 million||View||N/A|
|2/6/2013||Q4 2012||$0.48||$0.50||$918.23 million||$944.20 million||View||N/A|
Earnings Estimates for LPL Financial Holdings (NASDAQ:LPLA)
2017 EPS Consensus Estimate: $2.34
2018 EPS Consensus Estimate: $3.44
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for LPL Financial Holdings (NASDAQ:LPLA)
|Most Recent Dividend:||8/24/2017|
|Payout Ratio:||43.48% (Trailing 12 Months of Earnings) |
42.19% (Based on This Year's Estimates)
30.77% (Based on Next Year's Estimates)
Dividend History by Quarter for LPL Financial Holdings (NASDAQ LPLA)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for LPL Financial Holdings (NASDAQ:LPLA)
Insider Ownership Percentage: 4.00%Insider Trades by Quarter for LPL Financial Holdings (NASDAQ:LPLA)
Institutional Ownership Percentage: 89.73%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|6/2/2017||William P Jr. Morrissey||Insider||Sell||32,150||$39.34||$1,264,781.00|| |
|3/14/2017||Dan H Arnold||CEO||Sell||15,428||$39.14||$603,851.92|| |
|3/13/2017||Tracy Calder||Insider||Sell||6,465||$39.31||$254,139.15|| |
|2/27/2017||Tracy Calder||Insider||Sell||10,747||$39.05||$419,670.35|| |
|2/23/2017||John Andrew Kalbaugh||Insider||Sell||30,000||$39.73||$1,191,900.00|| |
|2/22/2017||George Burton White||Insider||Sell||25,000||$40.14||$1,003,500.00|| |
|2/22/2017||Mark S Casady||Director||Sell||58,628||$40.40||$2,368,571.20|| |
|2/15/2017||Mark S. Casady||Director||Sell||365,213||$40.76||$14,886,081.88|| |
|2/14/2017||Mark S. Casady||Director||Sell||204,471||$40.65||$8,311,746.15|| |
|2/13/2017||Marco Hellman||Director||Sell||900,000||$40.00||$36,000,000.00|| |
|3/8/2016||Dan H Arnold||President||Sell||1,208||$21.27||$25,694.16|| |
|2/29/2016||Viet D Dinh||Director||Buy||4,844||$20.42||$98,914.48|| |
|2/25/2016||Dan H Arnold||President||Sell||1,095||$19.29||$21,122.55|| |
|12/10/2015||Group Holdings (Sbs) Advis Tpg||Insider||Sell||4,319,537||$43.27||$186,906,365.99|| |
|6/10/2015||Dan H Arnold||President||Sell||4,273||$48.00||$205,104.00|| |
|6/2/2015||Sharyn Handelsman||Insider||Sell||6,393||$43.50||$278,095.50|| |
|5/28/2015||Mark S Casady||Chairman||Buy||21,100||$42.48||$896,328.00|| |
|2/14/2014||Robert Moore||COO||Sell||129,993||$52.99||$6,888,329.07|| |
|1/9/2014||James Putnam||Director||Sell||30,000||$50.00||$1,500,000.00|| |
|1/7/2014||James Putnam||Director||Sell||30,000||$48.00||$1,440,000.00|| |
|12/23/2013||James Putnam||Director||Sell||30,000||$46.00||$1,380,000.00|| |
|12/10/2013||James Putnam||Director||Sell||30,000||$44.00||$1,320,000.00|| |
|11/14/2013||Lux Thomas||CAO||Sell||1,000||$42.31||$42,310.00|| |
|11/13/2013||James Putnam||Director||Sell||79,697||$42.06||$3,352,055.82|| |
|11/8/2013||Group Holdings (Sbs) Advis Tpg||major shareholder||Sell||59,000||$39.68||$2,341,120.00|| |
|11/7/2013||Group Holdings (Sbs) Advis Tpg||major shareholder||Sell||279,679||$40.42||$11,304,625.18|| |
|10/21/2013||James S Putnam||Director||Sell||77,500||$40.01||$3,100,775.00|| |
|9/6/2013||Group Holdings (Sbs) Advis Tpg||Major Shareholder||Sell||260,237||$37.33||$9,714,647.21|| |
|9/3/2013||Group Holdings (Sbs) Advis Tpg||major shareholder||Sell||171,840||$37.10||$6,375,264.00|| |
|6/13/2013||Group Holdings (Sbs) Advis Tpg||Major Shareholder||Sell||137,726||$36.65||$5,047,657.90|| |
|6/4/2013||Jeffrey E Stiefler||Director||Sell||46,942||$37.18||$1,745,303.56|| |
|5/15/2013||James S Putnam||Director||Sell||75,000||$38.00||$2,850,000.00|| |
|5/9/2013||James S Putnam||Director||Sell||70,000||$36.00||$2,520,000.00|| |
|4/10/2013||James S Putnam||Director||Sell||65,000||$34.01||$2,210,650.00|| |
|8/8/2012||Robert J Moore||COO||Buy||20,000||$28.42||$568,400.00|| |
Headline Trends for LPL Financial Holdings (NASDAQ:LPLA)
Latest Headlines for LPL Financial Holdings (NASDAQ:LPLA)
LPL Financial Holdings (LPLA) Chart for Friday, October, 20, 2017