Last $48.55 USD
Change Today +0.73 / 1.53%
Volume 405.0K
As of 5:20 PM 08/21/14 All times are local (Market data is delayed by at least 15 minutes).

lpl financial holdings inc (LPLA) Snapshot

Open
$47.88
Previous Close
$47.82
Day High
$48.68
Day Low
$47.81
52 Week High
03/21/14 - $56.45
52 Week Low
08/28/13 - $36.58
Market Cap
4.9B
Average Volume 10 Days
458.3K
EPS TTM
$2.02
Shares Outstanding
100.4M
EX-Date
08/12/14
P/E TM
24.0x
Dividend
$0.96
Dividend Yield
1.87%
Current Stock Chart for LPL FINANCIAL HOLDINGS INC (LPLA)

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lpl financial holdings inc (LPLA) Details

LPL Financial Holdings Inc. operates as a holding company which through 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. It operates through Independent Advisor Services and Institution Services segments. The company’s brokerage offerings include variable and fixed annuities, mutual funds, equities, retirement and 529 education savings plans, fixed income products, and alternative investments, such as non-traded real estate investment trusts and business development companies; 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. It also provides fee-based advisory platforms and support solutions, which offers access to no-load/load-waived mutual funds, exchange-traded funds, stocks, bonds, conservative option strategies, unit investment trusts, and institutional money managers and no-load multi-manager variable annuities. In addition, the company offers cash sweep programs, including money market and insured bank deposit sweep vehicles; and provides fee-based and commission-based retirement solutions. Further, it provides other services, which include tools and services that enable advisors to maintain their practice; and administrative and custodial services to trusts for estates and families, as well as open architecture investment management solutions to trust departments of financial institutions. Additionally, the company offers solutions and consulting services to registered investment advisors, banks, and trust companies. It provides services to approximately 13,600 independent financial advisors; and financial advisors at approximately 700 financial institutions. LPL Financial Holdings Inc. was formerly known as LPL Investment Holdings Inc. and changed its name to LPL Financial Holdings Inc. in June 2012. The company is based in Boston, Massachusetts.

3,374 Employees
Last Reported Date: 07/30/14

lpl financial holdings inc (LPLA) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $800.0K
President and President of Advisor & Institut...
Total Annual Compensation: $625.0K
Chief Financial Officer
Total Annual Compensation: $481.5K
Managing Director of Legal & Government Relat...
Total Annual Compensation: $1.7M
Chief Human Capital Officer and Managing Dire...
Total Annual Compensation: $524.3K
Compensation as of Fiscal Year 2013.

lpl financial holdings inc (LPLA) Key Developments

LPL Financial Holdings Inc. Declares Cash Dividend, Payable on August 29, 2014

The Board of Directors of LPL Financial Holdings Inc. declared a cash dividend of $0.24 per share of the company's common stock, to be paid on August 29, 2014 to all shareholders of record on August 14, 2014.

LPL Financial Holdings Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

LPL Financial Holdings Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net revenues of $1,092.729 million compared to $1,018.920 million a year ago. Income before provision for income taxes was $71.161 million compared to $74.902 million a year ago. Net income was $43.091 million or $0.42 per diluted share compared to $45.091 million or $0.42 per diluted share a year ago. Adjusted EBITDA was $128.199 million compared to $131.045 million a year ago. Adjusted Earnings was $61.775 million or $0.61 per share compared to $65.883 million or $0.61 per share a year ago. For six months, the company reported net revenues of $2,180.160 million compared to $1,993.716 million a year ago. Income before provision for income taxes was $158.708 million compared to $165.453 million a year ago. Net income was $96.226 million or $0.94 per diluted share compared to $99.808 million or $0.93 per diluted share a year ago. Adjusted EBITDA was $269.679 million compared to $266.965 million a year ago. Adjusted Earnings was $132.804 million or $1.29 per share compared to $134.026 million or $1.25 per share a year ago.

LPL Financial Plans to Construct New Regional Headquarters in Fort Mill, South Carolina

LPL Financial announced its plans to construct a new regional headquarters in Fort Mill, South Carolina, that is designed to improve the employee experience and enable LPL Financial to better serve its clients. Construction on the new corporate campus will begin in 2015 with completion expected in the fall of 2016.

 

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Industry Analysis

LPLA

Industry Average

Valuation LPLA Industry Range
Price/Earnings 27.8x
Price/Sales 1.1x
Price/Book 4.5x
Price/Cash Flow 17.9x
TEV/Sales 0.7x
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