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
Current SymbolNASDAQ:LPLA
Previous Symbol
CUSIP50212V10
Phone617-423-3644
Debt
Debt-to-Equity Ratio2.43
Current Ratio1.40
Quick Ratio1.40
Price-To-Earnings
Trailing P/E Ratio21.06
Forward P/E Ratio12.24
P/E Growth0.84
Sales & Book Value
Annual Sales$4.28 billion
Price / Sales1.28
Cash Flow$4.3386 per share
Price / Cash14.56
Book Value$11.30 per share
Price / Book5.59
Profitability
EPS (Most Recent Fiscal Year)$3.00
Net Income$238.86 million
Net Margins7.68%
Return on Equity41.69%
Return on Assets7.78%
Miscellaneous
Employees3,736
Outstanding Shares86,710,000
Market Cap$5.65 billion
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 annualized dividend and a dividend yield of 1.58%. 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 declared that its Board of Directors has initiated a stock buyback plan on Thursday, December 7th 2017, which authorizes the company to repurchase $359,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board believes its stock is undervalued.
How were LPL Financial's earnings last quarter?
LPL Financial Holdings Inc (NASDAQ:LPLA) announced its quarterly earnings data on Thursday, October, 25th. The financial services provider reported $1.32 earnings per share 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 the consensus estimate 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 brokerages have issued 12-month price objectives for LPL Financial's shares. Their forecasts range from $70.00 to $88.00. On average, they anticipate LPL Financial's stock price to reach $78.60 in the next year. This suggests a possible upside of 24.4% 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.
Has LPL Financial been receiving favorable news coverage?
Press coverage about LPLA stock has been trending negative recently, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive news coverage by analyzing more than six thousand blog and news sources. 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 media sentiment score of -2.7 on InfoTrie's scale. They also assigned media stories about the financial services provider a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the company's share price in the immediate future.
Are investors shorting LPL Financial?
LPL Financial saw a decrease in short interest during the month of October. As of October 15th, there was short interest totalling 1,455,503 shares, a decrease of 30.1% from the September 28th total of 2,082,014 shares. Based on an average daily trading volume, of 650,666 shares, the short-interest ratio is presently 2.2 days. Approximately 1.7% 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 number of of institutional and retail investors. Top institutional shareholders include Janus Henderson Group PLC (11.44%), BlackRock Inc. (4.78%), Frontier Capital Management Co. LLC (2.86%), Fairview Capital Investment Management LLC (2.38%), FMR LLC (2.27%) and Bank of New York Mellon Corp (1.78%). 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 major investors are selling LPL Financial stock?
LPLA stock was sold by a variety of institutional investors in the last quarter, including Wells Fargo & Company MN, Cornerstone Wealth Management LLC, Janus Henderson Group PLC, Chicago Equity Partners LLC, Martingale Asset Management L P, Engineers Gate Manager LP, JPMorgan Chase & Co. and Daiwa Securities Group 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 major investors are buying LPL Financial stock?
LPLA stock was purchased by a variety of institutional investors in the last quarter, including American Century Companies Inc., FMR LLC, Frontier Capital Management Co. LLC, Canada Pension Plan Investment Board, Alliancebernstein L.P., Bank of New York Mellon Corp, BlackRock Inc. and Zweig DiMenna Associates LLC. 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 $63.17.
How big of a company is LPL Financial?
LPL Financial has a market capitalization of $5.65 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.
