Market Summary
USD240.02-6.66
Delayedas of 21 Sep 2023, 10:11 am-2.70%
LPLA Stock Price
LPLA RSI Chart
LPLA Valuation
LPLA Price/Sales (Trailing)
LPLA Profitability
LPLA Fundamentals
LPLA Revenue
LPLA Earnings
Price Action
52 Week Range
179.00271.31
(Low)(High)
Last 7 days
1.6%
Last 30 days
6.3%
Last 90 days
17.6%
Trailing 12 Months
7.7%
LPLA Financial Health
LPLA Investor Care
Historical Charts for Stock Metrics
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Net sales
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Latest Insider Trading transactions for LPLA
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-09-13 | Steinmeier Richard | sold | -2,499,620 | 242 | -10,300 | managing director |
2023-09-12 | Brown Althea | acquired | - | - | 4,319 | managing director |
2023-08-25 | Thomas Corey E. | acquired | - | - | 10.00 | - |
2023-08-25 | Mnookin Allison | acquired | - | - | 6.00 | - |
2023-08-25 | Glavin William Francis Jr | acquired | - | - | 20.00 | - |
2023-08-25 | Putnam James S | acquired | - | - | 15.00 | - |
2023-08-25 | BERNARD EDWARD C | acquired | - | - | 7.00 | - |
2023-08-25 | EBERHART PAULETT | acquired | - | - | 9.00 | - |
2023-08-25 | SCHIFTER RICHARD P | acquired | - | - | 26.00 | - |
2023-08-22 | Enyedi Matthew | acquired | 148,721 | 45.55 | 3,265 | managing director |
Which funds bought or sold LPLA recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-12 | Farther Finance Advisors, LLC | added | 540 | 5,946 | 6,958 | -% |
2023-08-29 | EFG Asset Management (Americas) Corp. | added | 5.54 | 333,216 | 2,823,550 | 0.65% |
2023-08-25 | Yarbrough Capital, LLC | new | - | 408,768 | 408,768 | 0.02% |
2023-08-24 | Alberta Investment Management Corp | unchanged | - | 25,551 | 369,631 | -% |
2023-08-22 | Segment Wealth Management, LLC | added | 0.08 | 456,690 | 6,536,380 | 0.67% |
2023-08-22 | Old North State Trust, LLC | sold off | -100 | -2,000 | - | -% |
2023-08-22 | Asset Dedication, LLC | unchanged | - | 7,000 | 98,000 | 0.01% |
2023-08-22 | VIRGINIA RETIREMENT SYSTEMS ET AL | sold off | -100 | -12,875,100 | - | -% |
2023-08-22 | COMERICA BANK | new | - | 24,000 | 24,000 | -% |
2023-08-21 | OSAIC HOLDINGS, INC. | reduced | -3.96 | 311,612 | 9,438,140 | 0.02% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Schedule 13G FIlings of LPL Financial Holdings
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Apr 10, 2023 | vanguard group inc | 10.09% | 7,938,028 | SC 13G/A | |
| Feb 09, 2023 | vanguard group inc | 9.51% | 7,568,439 | SC 13G/A | |
| Feb 09, 2023 | janus henderson group plc | 4.4% | 3,462,824 | SC 13G/A | |
| Feb 03, 2023 | blackrock inc. | 7.9% | 6,292,224 | SC 13G | |
| Feb 11, 2022 | janus henderson group plc | 10.0% | 8,049,630 | SC 13G/A | |
| Feb 04, 2022 | wellington management group llp | 4.15% | 3,325,880 | SC 13G/A | |
| Feb 11, 2021 | janus henderson group plc | 10.2% | 8,118,279 | SC 13G/A | |
| Feb 10, 2021 | vanguard group inc | 9.70% | 7,694,510 | SC 13G/A | |
| Feb 04, 2021 | wellington management group llp | 7.25% | 5,751,941 | SC 13G | |
| Feb 13, 2020 | janus henderson group plc | 11.9% | 9,641,807 | SC 13G/A |
Recent SEC filings of LPL Financial Holdings
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Sep 20, 2023 | 144 | Notice of Insider Sale Intent | |
| Sep 19, 2023 | 144 | Notice of Insider Sale Intent | |
| Sep 15, 2023 | 4 | Insider Trading | |
| Sep 14, 2023 | 3 | Insider Trading | |
| Sep 14, 2023 | 4 | Insider Trading | |
| Sep 13, 2023 | 144 | Notice of Insider Sale Intent | |
| Sep 05, 2023 | 4 | Insider Trading | |
| Aug 29, 2023 | 4 | Insider Trading | |
| Aug 29, 2023 | 4 | Insider Trading | |
| Aug 29, 2023 | 4 | Insider Trading |
LPLA Fair Value
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Peers (Alternatives to LPL Financial Holdings)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
CME | 73.9B | 5.4B | 1.63% | 14.23% | 24.81 | 13.57 | 39.96% | 1.84% |
ICE | 64.6B | 9.6B | 1.31% | 21.61% | 38.27 | 6.75 | 1.00% | -49.94% |
NDAQ | 24.8B | 6.1B | -2.36% | -14.58% | 22.49 | 4.07 | 3.28% | -2.99% |
CBOE | 16.4B | 3.9B | 3.01% | 30.91% | 25.14 | 4.2 | 6.88% | 207.99% |
TROW | - | 6.3B | 1.12% | -2.78% | - | - | -14.15% | -36.16% |
| MID-CAP | ||||||||
IBKR | 9.4B | 4.8B | -2.55% | 34.55% | 3.89 | 1.96 | 226.24% | 90.31% |
SEIC | 8.1B | 1.9B | 0.16% | 14.72% | 20.27 | 4.3 | -8.00% | -31.66% |
SF | 7.0B | 4.8B | 3.49% | 12.05% | 11.36 | 1.45 | 2.69% | -21.37% |
SNEX | 2.0B | 60.6B | -4.55% | 12.08% | 8.16 | 0.03 | -1.46% | 48.12% |
| SMALL-CAP | ||||||||
BGCP | 1.7B | 1.9B | 8.85% | 32.11% | 239.3 | 0.92 | 0.08% | -93.14% |
VIRT | 1.7B | 2.2B | -7.59% | -19.58% | 8.51 | 0.76 | -14.47% | -57.71% |
COWN | 1.1B | 1.5B | 0.39% | 32.10% | 14.3 | 0.71 | -27.22% | -74.14% |
AC | 809.1M | 23.7M | 1.46% | -3.28% | 44.23 | 34.21 | 51.04% | 152.07% |
OPY | 415.0M | 1.2B | -0.81% | 14.64% | 12.91 | 0.34 | 4.38% | -66.00% |
WETF | 742.8M | 313.5M | - | - | 14.66 | 2.47 | 0.19% | 735.99% |
LPL Financial Holdings News
Returns for LPLA
Cumulative Returns on LPLA
22.4%
10-Year Cumulative Returns
36.5%
7-Year Cumulative Returns
31.3%
5-Year Cumulative Returns
46.7%
3-Year Cumulative Returns
Risks for LPLA
What is the probability of a big loss on LPLA?
48.5%
Probability that LPL Financial Holdings stock will be more than 20% underwater in next one year
20%
Probability that LPL Financial Holdings stock will be more than 30% underwater in next one year.
18.9%
Probability that LPL Financial Holdings stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does LPLA drawdown profile look like?
Y-axis is the maximum loss one would have experienced if LPL Financial Holdings was unfortunately bought at previous high price.
Drawdowns
Financials for LPL Financial Holdings
Income Statement (Last 12 Months)(In Millions)
| Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | 4.8% | 9,383 | 8,953 | 8,601 | 8,362 | 8,220 | 8,079 | 7,721 | 7,208 | 6,647 | 6,116 | 5,872 | 5,738 | 5,693 | 5,717 | 5,625 | 5,494 | 5,409 | 5,319 | 5,188 | 4,988 | 4,721 |
| Costs and Expenses | 3.3% | 7,824 | 7,570 | 7,489 | 7,533 | 7,559 | 7,469 | 7,120 | 6,678 | 6,095 | 5,562 | 5,246 | 5,111 | 5,017 | 4,974 | 4,883 | 4,669 | 4,597 | 4,521 | - | 4,464 | 4,181 |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | 5,140 | - | - | - | 4,750 | - | - | - | 4,471 | - | - |
| EBITDA | -100.0% | - | 1,731 | 1,438 | 1,132 | 944 | 878 | 857 | 834 | 800 | 756 | 765 | 786 | 830 | 888 | 884 | - | - | - | - | - | - |
| EBITDA Margin | -100.0% | - | 0.19* | 0.17* | 0.14* | 0.11* | 0.11* | 0.11* | 0.12* | 0.12* | 0.12* | 0.13* | 0.14* | 0.15* | 0.16* | 0.16* | - | - | - | - | - | - |
| Interest Expenses | 11.6% | 154 | 138 | 126 | 116 | 110 | 107 | 104 | 93.00 | 73.00 | 54.00 | 106 | 145 | 150 | 156 | 130 | 47.00 | 46.00 | 45.00 | 40.00 | 35.00 | 31.00 |
| Earnings Before Taxes | 12.8% | 1,559 | 1,383 | 1,112 | 829 | 660 | 610 | 601 | 611 | 608 | 584 | 626 | 645 | 688 | 746 | 742 | 739 | 709 | 676 | 593 | 510 | 459 |
| EBT Margin | -100.0% | - | 0.15* | 0.13* | 0.10* | 0.08* | 0.08* | 0.08* | 0.08* | 0.09* | 0.10* | 0.11* | 0.11* | 0.12* | 0.13* | 0.13* | - | - | - | - | - | - |
| Net Income | 11.9% | 1,176 | 1,051 | 846 | 635 | 505 | 464 | 460 | 463 | 464 | 447 | 473 | 488 | 516 | 560 | 560 | 554 | 529 | 501 | 439 | 383 | 335 |
| Net Income Margin | -100.0% | - | 0.12* | 0.10* | 0.08* | 0.06* | 0.06* | 0.06* | 0.06* | 0.07* | 0.07* | 0.08* | 0.09* | 0.09* | 0.10* | 0.10* | - | - | - | - | - | - |
| Free Cashflow | -100.0% | - | 1,480 | 1,639 | 2,067 | 229 | 69.00 | 237 | 342 | 224 | 307 | 634 | 414 | 852 | 810 | 467 | - | - | - | - | - | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | 2.4% | 9,392 | 9,168 | 9,482 | 9,696 | 7,736 | 7,773 | 7,992 | 7,556 | 7,220 | 6,615 | 6,596 | 6,091 | 5,906 | 6,111 | 5,880 | 5,741 | 5,364 | 5,492 | 5,477 | 5,290 | 5,223 |
| Cash Equivalents | 62.0% | 761 | 470 | 848 | 1,219 | 700 | 1,010 | 2,072 | 978 | 907 | 839 | 809 | 801 | 845 | 418 | 1,472 | 930 | 404 | 677 | 1,562 | 769 | 818 |
| Net PPE | 4.1% | 850 | 816 | 780 | 751 | 726 | 686 | 659 | 625 | 601 | 589 | 583 | 571 | 556 | 543 | 533 | 504 | 486 | 473 | 461 | 441 | 432 |
| Goodwill | 0.4% | 1,772 | 1,766 | 1,642 | 1,642 | 1,642 | 1,642 | 1,642 | 1,641 | 1,647 | 1,514 | 1,514 | 1,504 | 1,504 | 1,504 | 1,504 | 1,503 | 1,490 | 1,490 | 1,490 | 1,477 | 1,477 |
| Liabilities | 4.2% | 7,270 | 6,975 | 7,315 | 7,696 | 5,892 | 6,038 | 6,321 | 5,939 | 5,665 | 5,181 | 5,281 | 4,883 | 4,798 | 5,099 | 4,856 | 4,721 | 4,339 | 4,482 | 4,503 | 4,310 | 4,217 |
| Long Term Debt | 5.3% | 3,001 | 2,851 | 2,717 | 2,719 | 2,721 | 2,722 | 2,814 | 2,726 | 2,727 | 2,333 | 2,345 | 2,348 | 2,350 | 2,468 | 2,399 | 2,360 | 2,363 | 2,369 | 2,372 | 2,375 | 2,378 |
| Shareholder's Equity | -3.2% | 2,122 | 2,193 | 2,168 | 2,000 | 1,844 | 1,735 | 1,671 | 1,616 | 1,555 | 1,434 | 1,315 | 1,207 | 1,108 | 1,011 | 1,024 | 1,020 | 1,025 | 1,010 | 974 | 979 | 1,007 |
| Retained Earnings | 7.8% | 3,683 | 3,419 | 3,101 | 2,800 | 2,585 | 2,443 | 2,328 | 2,238 | 2,154 | 2,053 | 1,943 | 1,850 | 1,766 | 1,684 | 1,555 | 1,448 | 1,336 | 1,210 | 1,070 | 971 | 886 |
| Additional Paid-In Capital | 1.0% | 1,953 | 1,934 | 1,913 | 1,896 | 1,879 | 1,861 | 1,841 | 1,826 | 1,808 | 1,787 | 1,763 | 1,748 | 1,733 | 1,720 | 1,704 | 1,687 | 1,673 | 1,659 | 1,634 | 1,621 | 1,611 |
| Accumulated Depreciation | - | - | - | - | - | - | - | - | 599 | 561 | 525 | 490 | 468 | 441 | 414 | 388 | 364 | 341 | 319 | 308 | 489 | 467 |
| Shares Outstanding | -1.9% | 77.00 | 79.00 | - | 80.00 | 80.00 | 80.00 | - | 80.00 | 80.00 | 80.00 | - | 79.00 | 79.00 | 80.00 | - | 82.00 | 83.00 | 84.00 | - | 87.00 | 89.00 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | 18.2% | 2,145 | 1,815 | 1,946 | 2,376 | 509 | 318 | 453 | 526 | 393 | 469 | 790 | 578 | 1,016 | 970 | 624 | 895 | 467 | 639 | 582 | 526 | 409 |
| Share Based Compensation | 5.4% | 61.00 | 58.00 | 53.00 | 50.00 | 48.00 | 46.00 | 44.00 | 42.00 | 40.00 | 37.00 | 34.00 | 34.00 | 34.00 | 33.00 | 33.00 | 31.00 | 30.00 | 31.00 | 29.00 | 30.00 | 31.00 |
| Cashflow From Investing | -8.3% | -706 | -652 | -376 | -356 | -305 | -493 | -458 | -434 | -438 | -190 | -187 | -183 | -193 | -187 | -180 | -204 | -174 | -170 | -161 | -110 | -425 |
| Cashflow From Financing | -29.0% | -679 | -526 | -504 | -314 | -277 | 171 | 279 | 241 | 283 | -229 | -275 | -359 | -494 | -507 | -533 | -575 | -579 | -566 | -483 | -399 | -57.14 |
| Dividend Payments | 3.8% | 87.00 | 83.00 | 80.00 | 80.00 | 80.00 | 80.00 | 80.00 | 80.00 | 80.00 | 79.00 | 79.00 | 79.00 | 80.00 | 81.00 | 83.00 | 84.00 | 85.00 | 87.00 | 88.00 | 89.00 | 90.00 |
| Buy Backs | 54.5% | 850 | 550 | 325 | 225 | 190 | 140 | 90.00 | 40.00 | - | - | 150 | 270 | 400 | 525 | 500 | 498 | 498 | 489 | 418 | 330 | 225 |
LPLA Income Statement
2023-06-30Condensed Consolidated Statements of Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
| REVENUES: | ||||
| Advisory | $ 1,014,565 | $ 1,001,851 | $ 1,968,622 | $ 2,048,948 |
| Commission | 622,886 | 573,376 | 1,226,611 | 1,158,901 |
| Asset-based | 589,715 | 363,597 | 1,211,463 | 659,998 |
| Service and fee | 123,122 | 112,802 | 242,109 | 225,614 |
| Transaction and fee | 46,936 | 44,416 | 95,871 | 91,142 |
| Interest Income | 37,972 | 10,121 | 75,330 | 17,866 |
| Other | 33,608 | (67,276) | 66,630 | (97,889) |
| Total net revenues | 2,468,804 | 2,038,887 | 4,886,636 | 4,104,580 |
| EXPENSES: | ||||
| Advisory and commission | 1,448,763 | 1,304,422 | 2,819,397 | 2,678,556 |
| Compensation and benefits | 231,680 | 196,699 | 465,213 | 388,733 |
| Promotional | 102,565 | 78,027 | 200,788 | 165,029 |
| Occupancy and equipment | 65,005 | 55,906 | 125,178 | 107,018 |
| Depreciation and amortization | 58,377 | 48,453 | 114,431 | 93,907 |
| Interest Expense, Debt | 44,842 | 28,755 | 84,026 | 55,966 |
| Brokerage, clearing and exchange | 29,148 | 23,362 | 55,274 | 45,962 |
| Amortization of intangible assets | 26,741 | 21,168 | 50,833 | 42,364 |
| Professional services | 18,092 | 17,290 | 32,312 | 36,312 |
| Communications and data processing | 20,594 | 16,223 | 38,269 | 31,350 |
| Other | 34,178 | 36,261 | 67,599 | 73,683 |
| Costs and Expenses, Total | 2,079,985 | 1,826,566 | 4,053,320 | 3,718,880 |
| INCOME BEFORE PROVISION FOR INCOME TAXES | 388,819 | 212,321 | 833,316 | 385,700 |
| PROVISION FOR INCOME TAXES | 103,299 | 51,776 | 208,912 | 91,411 |
| NET INCOME | $ 285,520 | $ 160,545 | $ 624,404 | $ 294,289 |
| EARNINGS PER SHARE | ||||
| Earnings per share, basic | $ 3.70 | $ 2.01 | $ 8.01 | $ 3.68 |
| Earnings per share, diluted | $ 3.65 | $ 1.97 | $ 7.90 | $ 3.61 |
| Weighted-average shares outstanding, basic | 77,234 | 79,947 | 77,988 | 79,961 |
| Weighted-average shares outstanding, diluted | 78,194 | 81,410 | 79,083 | 81,493 |
| Client cash | ||||
| REVENUES: | ||||
| Asset-based | $ 378,415 | $ 154,700 | $ 796,690 | $ 239,416 |
| Other asset-based | ||||
| REVENUES: | ||||
| Asset-based | 211,300 | 208,897 | 414,773 | 420,582 |
| Trailing | ||||
| REVENUES: | ||||
| Commission | 323,925 | 320,883 | 641,578 | 666,077 |
| Sales-based | ||||
| REVENUES: | ||||
| Commission | $ 298,961 | $ 252,493 | $ 585,033 | $ 492,824 |
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 education savings plans, fixed income, and insurance, as well as alternative investments, such as non-traded real estate investment trusts and auction rate notes. The company also provides 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 money market 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; trust, investment management oversight, and custodial services to trusts for estates and families, as well as insurance brokerage general agency services; and technology products, such as proposal generation, investment analytics, and portfolio modeling. 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 1989 and is based in San Diego, California.