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
Stock Exchange NASDAQ
Industry Security & commodity brokers, dealers, exchanges & services
Sub-IndustryInvestment Banking & Brokerage
SectorFinance
SymbolNASDAQ:LPLA
CUSIP50212V10
Phone617-423-3644
Debt
Debt-to-Equity Ratio2.36
Current Ratio1.44
Quick Ratio1.44
Price-To-Earnings
Trailing P/E Ratio19.23
Forward P/E Ratio11.28
P/E Growth0.77
Sales & Book Value
Annual Sales$4.28 billion
Price / Sales1.19
Cash Flow$4.3608 per share
Price / Cash13.22
Book Value$10.70 per share
Price / Book5.39
Profitability
EPS (Most Recent Fiscal Year)$3.00
Net Income$238.86 million
Net Margins7.09%
Return on Equity35.98%
Return on Assets6.72%
Miscellaneous
Employees3,736
Outstanding Shares88,100,000
Market Cap$5.21 billion
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, July 27th. Shareholders of record on Thursday, August 9th will be paid a dividend of $0.25 per share on Thursday, August 23rd. This represents a $1.00 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date of this dividend is Wednesday, August 8th. View LPL Financial's Dividend History.
How will LPL Financial's stock buyback program work?
LPL Financial declared that its board has approved a share buyback program on Thursday, December 7th 2017, which permits the company to repurchase $359,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company's board believes its shares are undervalued.
How were LPL Financial's earnings last quarter?
LPL Financial Holdings Inc (NASDAQ:LPLA) released its quarterly earnings results on Thursday, July, 26th. The financial services provider reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.10. The financial services provider earned $1.30 billion during the quarter, compared to the consensus estimate of $1.28 billion. LPL Financial had a return on equity of 35.98% and a net margin of 7.09%. The firm's revenue for the quarter was up 21.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.74 EPS. 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, October 25th 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?
11 analysts have issued 1-year price targets for LPL Financial's stock. Their forecasts range from $70.00 to $92.00. On average, they anticipate LPL Financial's share price to reach $79.60 in the next year. This suggests a possible upside of 38.1% 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 4 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for LPL Financial.
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 number of of institutional and retail investors. Top institutional shareholders include Clarkston Capital Partners LLC (1.68%), Cornerstone Wealth Management LLC (0.51%), Zweig DiMenna Associates LLC (0.28%), Hennessy Advisors Inc. (0.06%), Aperio Group LLC (0.05%) and Bank of Montreal Can (0.05%). 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, 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 Cornerstone Wealth Management LLC, Clarkston Capital Partners LLC, Bank of Montreal Can and Hennessy Advisors 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, Tracy Calder and William P Jr Morrissey. View Insider Buying and Selling for LPL Financial.
Which institutional investors are buying LPL Financial stock?
LPLA stock was acquired by a variety of institutional investors in the last quarter, including Zweig DiMenna Associates LLC, Bowling Portfolio Management LLC, Oakbrook Investments LLC, Calamos Advisors LLC, Aperio Group LLC and First Hawaiian Bank. 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 $57.65.
How big of a company is LPL Financial?
LPL Financial has a market capitalization of $5.21 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.
