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Last $40.34 USD
Change Today +0.14 / 0.35%
Volume 398.7K
LPLA On Other Exchanges
Symbol
Exchange
NASDAQ GS
Berlin
As of 8:10 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

lpl financial holdings inc (LPLA) Snapshot

Open
$39.99
Previous Close
$40.20
Day High
$40.68
Day Low
$39.64
52 Week High
09/2/14 - $49.73
52 Week Low
08/24/15 - $37.72
Market Cap
3.8B
Average Volume 10 Days
1.0M
EPS TTM
$2.05
Shares Outstanding
95.3M
EX-Date
08/13/15
P/E TM
19.6x
Dividend
$1.00
Dividend Yield
2.45%
Current Stock Chart for LPL FINANCIAL HOLDINGS INC (LPLA)

lpl financial holdings inc (LPLA) Related Businessweek News

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lpl financial holdings inc (LPLA) Details

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 products, and alternative investments; and insurance offerings comprise personalized advance case design, point-of-sale service, and product support for a range of life, disability, and long-term care products. The company also offers fee-based advisory platforms and support, which provides access to no-load/load-waived mutual funds, exchange-traded funds, stocks, bonds, conservative option strategies, unit investment trusts, institutional money managers, and no-load multi-manager variable annuities. In addition, it offers cash sweep programs; and retirement solution, a fee-based service that allows qualified advisors to provide consultation and advice. Further, it provides other services comprising tools and services enabling advisors to maintain and grow their practices; and custodial services to trusts for estates and families. The company offers its services to approximately 14,000 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. is based in Boston, Massachusetts.

3,357 Employees
Last Reported Date: 08/5/15

lpl financial holdings inc (LPLA) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $885.5K
President
Total Annual Compensation: $542.7K
Managing Director of Legal & Government Relat...
Total Annual Compensation: $600.0K
Chief Risk Officer and Managing Director
Total Annual Compensation: $350.0K
Compensation as of Fiscal Year 2014.

lpl financial holdings inc (LPLA) Key Developments

LPL Financial Holdings Inc. Declares Quarterly Cash Dividend, Payable on August 28, 2015

LPL Financial Holdings Inc.'s Board of Directors declared a quarterly cash dividend of $0.25 per share of the Company's common stock, to be paid on August 28, 2015, to all shareholders of record as of August 17, 2015.

LPL Financial Holdings Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

LPL Financial Holdings Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net revenues of $1,090.661 million compared to $1,092.729 million a year ago. Income before provision for income taxes was $84.09 million compared to $71.16 million a year ago. Net income was $50.24 million or $0.52 per diluted share compared to $43.091 million or $0.42 per diluted share a year ago. Adjusted EBITDA was $135.40 million compared to $128.20 million a year ago. Adjusted Earnings was $63.24 million or $0.65 per share compared to $61.78 million or $0.61 per share a year ago. Second quarter adjusted earnings per share increased by 7% or $0.04 year-over-year, primarily driven by a solid growth in assets and gross profit enhanced by a significant share repurchases. These factors are partially offset by slow sales commissions and decreases in cash sweep revenue. This quarter adjusted EBITDA increased 6%, while adjusted earnings grew by 3%, primarily due to 2 factors: First, depreciation and amortization expense increased 12%, mostly related to technology investments implemented over the past 12 months and a full quarter's cost in the San Diego tower; second, the 18% year-over-year increase in GAAP pretax profit contributed to a 21% increase in income tax expense. EBITDA adjustments in the second quarter declined by more than 40% year-over-year. For six months, the company reported net revenues of $2,199.96 million compared to $2,180.16 million a year ago. Income before provision for income taxes was $168.77 million compared to $158.71 million a year ago. Net income was $100.92 million or $1.03 per diluted share compared to $96.226 million or $0.94 per diluted share a year ago. Adjusted EBITDA was $270.49 million compared to $269.68 million a year ago. Adjusted Earnings was $126.42 million or $1.29 per share compared to $132.804 million or $1.29 per share a year ago.

Retirement Plan Analytics Selects LPL Financial for Advisory Support

LPL Financial Holdings Inc. unit LPL Financial LLC announced that Retirement Plan Analytics has chosen LPL Financial for support in providing clients with fee-based investment advisory services.

 

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Industry Analysis

LPLA

Industry Average

Valuation LPLA Industry Range
Price/Earnings 21.9x
Price/Sales 0.9x
Price/Book 4.1x
Price/Cash Flow 13.4x
TEV/Sales 0.4x
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