About LPL Financial (NASDAQ:LPLA)
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
SymbolNASDAQ:LPLA
CUSIP50212V10
Phone617-423-3644
Debt
Debt-to-Equity Ratio2.47%
Current Ratio1.39%
Quick Ratio1.39%
Price-To-Earnings
Trailing P/E Ratio21.01
Forward P/E Ratio15.61
P/E Growth1.04
Sales & Book Value
Annual Sales$4.28 billion
Price / Sales1.29
Cash Flow$4.4748 per share
Price / Cash13.71
Book Value$10.70 per share
Price / Book5.73
Profitability
EPS (Most Recent Fiscal Year)$3.00
Net Income$238.86 million
Net Margins5.58%
Return on Equity29.42%
Return on Assets5.41%
Miscellaneous
Employees3,736
Outstanding Shares90,180,000
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, February 23rd. Stockholders of record on Friday, March 9th will be given a dividend of $0.25 per share on Friday, March 23rd. This represents a $1.00 annualized dividend and a dividend yield of 1.63%. The ex-dividend date of this dividend is Thursday, March 8th. View LPL Financial's Dividend History.
How will LPL Financial's stock buyback program work?
LPL Financial declared that its Board of Directors has approved a stock buyback program on Thursday, December 7th 2017, which allows the company to repurchase $359,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board of directors believes its shares are undervalued.
How were LPL Financial's earnings last quarter?
LPL Financial (NASDAQ:LPLA) announced its quarterly earnings results on Thursday, February, 1st. The financial services provider reported $0.89 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.37 by $0.52. The financial services provider earned $1.12 billion during the quarter, compared to the consensus estimate of $1.11 billion. LPL Financial had a return on equity of 29.42% and a net margin of 5.58%. View LPL Financial's Earnings History.
When is LPL Financial's next earnings date?
What price target have analysts set for LPLA?
10 equities research analysts have issued 12 month target prices for LPL Financial's stock. Their predictions range from $51.00 to $90.00. On average, they expect LPL Financial's share price to reach $71.20 in the next year. View Analyst Ratings for LPL Financial.
Who are some of LPL Financial's key competitors?
Some companies that are related to LPL Financial include Extra Space Storage (EXR), Unum (UNM), Sino Land (SNLAY), Daiwa Securities Group (DSEEY), Zions Bancorp (ZION), Schroders (SHNWF), Fidelity National Financial (FNF), KKR & Co. L.P. (KKR), HCP (HCP), Mid-America Apartment Communities (MAA), Everest Re Group (RE), American Financial Group (AFG), Landsec (LSGOF), Reinsurance Group of America (RGA), Torchmark (TMK), Athene (ATH), Woori Bank (WF) and Regency Centers (REG).
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)
- Ms. Tracy E. Calder, MD, Deputy Chief Legal & Risk Officer (Age 58)
- Mr. George Burton White, MD of Investor & Investment Solutions and Chief Investment Officer (Age 48)
Has LPL Financial been receiving favorable news coverage?
Media coverage about LPLA stock has trended somewhat positive on Sunday, Accern Sentiment reports. The research firm identifies positive and negative news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. LPL Financial earned a media sentiment score of 0.10 on Accern's scale. They also assigned headlines about the financial services provider an impact score of 45.23 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the near term.
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 $61.35.
How big of a company is LPL Financial?
LPL Financial has a market capitalization of $5.53 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.
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 (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.
LPL Financial (NASDAQ:LPLA) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst 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's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
10 Wall Street analysts have issued ratings and price targets for LPL Financial in the last 12 months. Their average twelve-month price target is $71.20, suggesting that the stock has a possible upside of 16.06%. The high price target for LPLA is $90.00 and the low price target for LPLA is $51.00. There are currently 3 hold ratings and 7 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Buy |
| Consensus Rating Score: | 2.70 | 2.67 | 2.73 | 2.56 |
| Ratings Breakdown: | 0 Sell Rating(s)
3 Hold Rating(s)
7 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
3 Hold Rating(s)
6 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
4 Hold Rating(s)
6 Buy Rating(s)
1 Strong Buy Rating(s) | 1 Sell Rating(s)
3 Hold Rating(s)
4 Buy Rating(s)
1 Strong Buy Rating(s) |
| Consensus Price Target: | $71.20 | $70.7778 | $57.3636 | $48.6667 |
| Price Target Upside: | 16.06% upside | 11.36% upside | 6.25% downside | 7.21% downside |
LPL Financial (NASDAQ:LPLA) Consensus Price Target History
LPL Financial (NASDAQ:LPLA) Analyst Ratings History
Show:
(Data available from 4/22/2016 forward)
LPL Financial (NASDAQ:LPLA) Dividend Information
LPL Financial pays an annual dividend of $1.00 per share, with a dividend yield of 1.63%. LPLA's most recent quarterly dividend payment was Friday, March 23. LPL Financial pays out 33.33% of its earnings out as a dividend.
| Most Recent Dividend: | 3/23/2018 |
| Annual Dividend: | $1.00 |
| Dividend Yield: | 1.63% |
| Payout Ratio: | 33.33% (Trailing 12 Months of Earnings)
25.45% (Based on This Year's Estimates)
20.16% (Based on Next Year's Estimates)
|
LPL Financial (NASDAQ:LPLA) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 2/23/2018 | quarterly | $0.25 | 1.53% | 3/8/2018 | 3/9/2018 | 3/23/2018 |
| 10/27/2017 | quarterly | $0.25 | 2% | 11/8/2017 | 11/9/2017 | 11/27/2017 |
| 7/28/2017 | Quarterly | $0.25 | 2.19% | 8/8/2017 | 8/10/2017 | 8/24/2017 |
| 4/28/2017 | quarterly | $0.25 | 2.38% | 5/11/2017 | 5/15/2017 | 5/25/2017 |
| 2/28/2017 | Quarterly | $0.25 | 2.45% | 3/8/2017 | 3/10/2017 | 3/24/2017 |
| 11/4/2016 | Quarterly | $0.25 | 3.04% | 11/14/2016 | 11/16/2016 | 11/30/2016 |
| 8/1/2016 | quarterly | $0.25 | 3.86% | 8/9/2016 | 8/11/2016 | 8/25/2016 |
| 5/10/2016 | quarterly | $0.25 | 4.14% | 5/18/2016 | 5/20/2016 | 5/31/2016 |
| 2/25/2016 | quarterly | $0.25 | 5.04% | 3/2/2016 | 3/4/2016 | 3/14/2016 |
| 10/30/2015 | quarterly | $0.25 | 2.35% | 11/9/2015 | 11/12/2015 | 11/24/2015 |
| 8/6/2015 | quarterly | $0.25 | 2.29% | 8/13/2015 | 8/17/2015 | 8/28/2015 |
| 4/30/2015 | quarterly | $0.25 | 2.48% | 5/7/2015 | 5/11/2015 | 5/21/2015 |
| 2/19/2015 | quarterly | $0.25 | 2.19% | 2/26/2015 | 3/2/2015 | 3/16/2015 |
| 10/30/2014 | quarterly | $0.24 | 2.32% | 11/6/2014 | 11/11/2014 | 11/26/2014 |
| 7/30/2014 | quarterly | $0.24 | 2.02% | 8/12/2014 | 8/14/2014 | 8/29/2014 |
| 4/23/2014 | quarterly | $0.24 | 2.03% | 5/2/2014 | 5/6/2014 | 5/20/2014 |
| 2/11/2014 | quarterly | $0.24 | 1.83% | 2/20/2014 | 2/24/2014 | 3/10/2014 |
| 10/30/2013 | quarterly | $0.19 | | | 11/11/2013 | 11/26/2013 |
| 8/1/2013 | quarterly | $0.19 | 1.93% | 8/13/2013 | 8/15/2013 | 8/30/2013 |
| 4/26/2013 | quarterly | $0.1350 | 1.57% | 5/2/2013 | 5/6/2013 | 5/20/2013 |
| 2/6/2013 | quarterly | $0.1350 | 1.62% | 2/13/2013 | 2/18/2013 | 3/4/2013 |
(Data available from 1/1/2013 forward)
LPL Financial (NASDAQ LPLA) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 2.60%
Institutional Ownership Percentage: 93.48%
LPL Financial (NASDAQ LPLA) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 3/14/2018 | John Andrew Kalbaugh | Insider | Sell | 1,398 | $64.76 | $90,534.48 | |  |
| 3/13/2018 | George Burton White | Director | Sell | 25,000 | $65.42 | $1,635,500.00 | 50,505 | |
| 3/7/2018 | Dan H Arnold | CEO | Sell | 11,206 | $63.46 | $711,132.76 | 229,761 | |
| 3/7/2018 | John Andrew Kalbaugh | Insider | Sell | 2,397 | $63.16 | $151,394.52 | | |
| 3/6/2018 | Marco Hellman | Director | Sell | 29,300 | $63.63 | $1,864,359.00 | | |
| 3/2/2018 | James S Riepe | Director | Sell | 5,632 | $62.77 | $353,520.64 | 75,721 | |
| 2/27/2018 | Marco Hellman | Director | Sell | 207,734 | $66.17 | $13,745,758.78 | | |
| 2/26/2018 | Dan H. Arnold | CEO | Sell | 4,004 | $65.20 | $261,060.80 | | |
| 2/26/2018 | John Andrew Kalbaugh | Insider | Sell | 2,764 | $65.20 | $180,212.80 | 30,877 | |
| 2/22/2018 | Marco Hellman | Director | Sell | 1,150,000 | $62.12 | $71,438,000.00 | | |
| 2/5/2018 | John Andrew Kalbaugh | Insider | Sell | 10,000 | $62.61 | $626,100.00 | 38,050 | |
| 2/5/2018 | William P Jr. Morrissey | Director | Sell | 20,000 | $62.74 | $1,254,800.00 | 37,541 | |
| 11/15/2017 | Dan H Arnold | CEO | Sell | 3,742 | $48.54 | $181,636.68 | | |
| 6/2/2017 | William P Jr. Morrissey | Insider | Sell | 32,150 | $39.34 | $1,264,781.00 | 49,691 | |
| 3/14/2017 | Dan H Arnold | CEO | Sell | 15,428 | $39.14 | $603,851.92 | 230,112 | |
| 3/13/2017 | Tracy Calder | Insider | Sell | 6,465 | $39.31 | $254,139.15 | 34,165 | |
| 2/27/2017 | Tracy Calder | Insider | Sell | 10,747 | $39.05 | $419,670.35 | 35,351 | |
| 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 | 46,445 | |
| 2/22/2017 | Mark S Casady | Director | Sell | 58,628 | $40.40 | $2,368,571.20 | 189,585 | |
| 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 | 193,605 | |
| 2/29/2016 | Viet D Dinh | Director | Buy | 4,844 | $20.42 | $98,914.48 | 7,731 | |
| 2/25/2016 | Dan H Arnold | President | Sell | 1,095 | $19.29 | $21,122.55 | 179,022 | |
| 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 | 40,006 | |
| 1/9/2014 | James Putnam | Director | Sell | 30,000 | $50.00 | $1,500,000.00 | 104,280 | |
| 1/7/2014 | James Putnam | Director | Sell | 30,000 | $48.00 | $1,440,000.00 | 134,280 | |
| 12/23/2013 | James Putnam | Director | Sell | 30,000 | $46.00 | $1,380,000.00 | 164,280 | |
| 12/10/2013 | James Putnam | Director | Sell | 30,000 | $44.00 | $1,320,000.00 | 194,280 | |
| 11/14/2013 | Lux Thomas | CAO | Sell | 1,000 | $42.31 | $42,310.00 | 5,200 | |
| 11/13/2013 | James Putnam | Director | Sell | 79,697 | $42.06 | $3,352,055.82 | 223,096 | |
| 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 | | |
(Data available from 1/1/2013 forward)
LPL Financial (NASDAQ LPLA) News Headlines
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LPL Financial (NASDAQ:LPLA) SEC Filings
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LPL Financial (NASDAQ:LPLA) Income Statement, Balance Sheet and Cash Flow Statement
LPL Financial (NASDAQ LPLA) Stock Chart for Sunday, April, 22, 2018
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