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Last $44.79 USD
Change Today -0.77 / -1.69%
Volume 957.6K
As of 8:10 PM 03/27/15 All times are local (Market data is delayed by at least 15 minutes).

lpl financial holdings inc (LPLA) Snapshot

Open
$45.56
Previous Close
$45.56
Day High
$45.56
Day Low
$44.46
52 Week High
04/2/14 - $54.07
52 Week Low
10/22/14 - $38.34
Market Cap
4.3B
Average Volume 10 Days
654.5K
EPS TTM
$1.99
Shares Outstanding
96.7M
EX-Date
02/26/15
P/E TM
22.5x
Dividend
$1.00
Dividend Yield
2.17%
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.

3,384 Employees
Last Reported Date: 02/20/15

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. Announces Executive Changes

On February 27, 2015, Robert J. Moore resigned as president of LPL financial holdings Inc.(LPLFH) and from each other position that he holds with the company, including the office of president, advisor and institution solutions of LPL financial LLC. The resignation will become effective as of March 13, 2015. On March 3, 2015, Dan H. Arnold was appointed president of each of LPLFH and LPL financial, effective upon Mr. Moore’s resignation. On March 3, 2015, Thomas Lux was appointed acting chief financial officer of each of LPLFH and LPL financial, effective upon Mr. Arnold’s appointment as president of the respective entities. Mr. Lux has served as an executive vice president of finance for LPL financial since June 2009, and he served as the chief accounting officer of LPL Financial from June 2009 to July 2014.

LPL Financial Holdings Inc. Approves Quarterly Cash Dividend, Payable on March 16, 2015

LPL Financial Holdings Inc. announced that the company's Board of Directors approved a 4.2% increase to the quarterly cash dividend to $0.25 per share of the company's common stock, to be paid on March 16, 2015, to all shareholders of record on March 2, 2015.

LPL Financial Holdings Inc. Announces Unaudited Consolidated Financial Results for the Fourth Quarter and Full Year Ended December 31, 2014

LPL Financial Holdings Inc. announced unaudited consolidated financial results for the fourth quarter and full year ended December 31, 2014. The company announced net revenue of $1,104.3 million in the fourth quarter of 2014, up 0.9% compared to net revenue of $1,093.9 million in the fourth quarter of 2013. Income before provision for income taxes was $80,536,000 against $64,548,000 for the same period of last year. Net income was $48,545,000 against $44,418,000 for the same period of last year. Earnings per diluted share were $0.49 against $0.43 for the same period of last year. EBITDA was $119,650,000 against $99,856,000 for the same period of last year. Adjusted EBITDA was $137,953,000 against $124,190,000 for the same period of last year. Adjusted earnings were $66,044,000 against $65,229,000 for the same period of last year. Adjusted earnings per diluted share were $0.66 against $0.63 for the same period of last year. The company allocated $20 million in capital expenditures for the quarter. For the year, net revenues were $4,373,662,000 against $4,140,858,000 for the same period of last year. Income before provision for income taxes was $294,697,000 against $291,303,000 for the same period of last year. Net income was $178,043,000 against $181,857,000 for the same period of last year. Earnings per diluted share were $1.75 against $1.72 for the same period of last year. EBITDA was $443,080,000 against $426,252,000 for the same period of last year. Adjusted EBITDA was $516,507,000 against $511,438,000 for the same period of last year. Adjusted earnings were $247,621,000 against $258,805,000 for the same period of last year. Adjusted earnings per diluted share were $2.44 against $2.44 for the same period of last year.

 

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Industry Analysis

LPLA

Industry Average

Valuation LPLA Industry Range
Price/Earnings 25.6x
Price/Sales 1.0x
Price/Book 4.5x
Price/Cash Flow 15.7x
TEV/Sales 0.5x
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