LPL Financial (LPLA) Stock Forecast, Price & News

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for LPL Financial in the last year. There are currently 5 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" LPLA shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in LPLA, but not buy additional shares or sell existing shares.
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9 brokers have issued 12-month price targets for LPL Financial's shares. Their LPLA share price forecasts range from $192.00 to $290.00. On average, they expect the company's share price to reach $234.75 in the next twelve months. This suggests a possible upside of 20.8% from the stock's current price.
View analysts price targets for LPLA or view top-rated stocks among Wall Street analysts.

LPL Financial's stock was trading at $216.17 at the beginning of 2023. Since then, LPLA shares have decreased by 10.1% and is now trading at $194.34.
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LPL Financial saw a drop in short interest in the month of May. As of May 15th, there was short interest totaling 707,900 shares, a drop of 29.9% from the April 30th total of 1,010,000 shares. Based on an average trading volume of 1,020,000 shares, the short-interest ratio is presently 0.7 days. Currently, 0.9% of the shares of the company are sold short.
View LPL Financial's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 1st 2023.
View our LPLA earnings forecast.

LPL Financial Holdings Inc. (NASDAQ:LPLA) posted its quarterly earnings results on Thursday, October, 28th. The financial services provider reported $1.77 EPS for the quarter, beating the consensus estimate of $1.72 by $0.05. The financial services provider had revenue of $2.02 billion for the quarter, compared to analyst estimates of $2.04 billion. LPL Financial had a net margin of 11.74% and a trailing twelve-month return on equity of 55.42%. The company's revenue for the quarter was up 38.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.44 EPS.

LPL Financial announced a quarterly dividend on Monday, April 24th. Investors of record on Thursday, May 18th will be paid a dividend of $0.30 per share on Thursday, June 1st. This represents a $1.20 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date is Wednesday, May 17th.
Read our dividend analysis for LPLA.

ETFs with the largest weight of LPL Financial (NASDAQ:LPLA) stock in their portfolio include AdvisorShares Gerber Kawasaki ETF (GK), iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI), Future Fund Active ETF (FFND), WisdomTree U.S. Growth & Momentum Fund (WGRO), First Trust Growth Strength ETF (FTGS), Nuveen ESG Mid-Cap Growth ETF (NUMG), American Century STOXX U.S. Quality Growth ETF (QGRO) and SPDR S&P Capital Markets ETF (KCE).

LPL Financial (NASDAQ:LPLA) pays an annual dividend of $1.20 per share and currently has a dividend yield of 0.61%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 9.22%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, LPLA will have a dividend payout ratio of 6.67% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for LPLA.

171 employees have rated LPL Financial Chief Executive Officer Dan Arnold on Glassdoor.com. Dan Arnold has an approval rating of 87% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other LPL Financial investors own include Energy Transfer (ET), AT&T (T), Cornerstone Total Return Fund (CRF), Wells Fargo & Company (WFC), CBL & Associates Properties (CBL), Ford Motor (F), SandRidge Permian Trust (PER), Cornerstone Strategic Value Fund (CLM), SunCoke Energy Partners (SXCP) and Martin Midstream Partners (MMLP).

LPL Financial trades on the NASDAQ under the ticker symbol "LPLA."

LPL Financial's stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (8.42%), FMR LLC (5.52%), WCM Investment Management LLC (3.17%), Kayne Anderson Rudnick Investment Management LLC (2.60%), Samlyn Capital LLC (2.28%) and State Street Corp (2.20%). Insiders that own company stock include Brent Simonich, Dan H Arnold, Edward Fandrey, George Burton White, Matthew Enyedi, Matthew J Audette, Michelle Oroschakoff, Richard Steinmeier, Sallie R Larsen, Sallie R Larsen, Scott Seese and William Francis Glavin Jr.
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Shares of LPLA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of LPLA stock can currently be purchased for approximately $194.34.

LPL Financial (NASDAQ:LPLA) has a market capitalization of $15.09 billion and generates $8.60 billion in revenue each year. The financial services provider earns $845.70 million in net income (profit) each year or $13.02 on an earnings per share basis.

The company employs 6,900 workers across the globe.

LPL Financial's mailing address is 4707 EXECUTIVE DRIVE, SAN DIEGO CA, 92121. The official website for the company is www.lpl.com. The financial services provider can be reached via phone at (800) 877-7210 or via email at investor.relations@lpl.com.