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LPL Financial Holdings Inc Stock Research

LPLA

207.05USD+2.01(+0.98%)Market Closed

Market Summary

USD207.05+2.01
Market Closed
0.98%

LPLA Alerts

LPLA Stock Price

LPLA RSI Chart

LPLA Valuation

Market Cap

16.5B

Price/Earnings (Trailing)

19.54

Price/Sales (Trailing)

1.92

EV/EBITDA

12.79

Price/Free Cashflow

10.08

LPLA Price/Sales (Trailing)

LPLA Profitability

EBT Margin

12.93%

Return on Equity

39.02%

Return on Assets

8.92%

Free Cashflow Yield

9.92%

LPLA Fundamentals

LPLA Revenue

Revenue (TTM)

8.6B

Revenue Y/Y

11.41%

Revenue Q/Q

7.87%

LPLA Earnings

Earnings (TTM)

845.7M

Earnings Y/Y

195.22%

Earnings Q/Q

37.34%

Price Action

52 Week Range

165.47271.31
(Low)(High)

Last 7 days

2.2%

Last 30 days

-15.8%

Last 90 days

-4.0%

Trailing 12 Months

12.6%

LPLA Financial Health

Debt/Equity

1.25

Debt/Cashflow

0.72

LPLA Investor Care

Dividend Yield

0.48%

Dividend/Share (TTM)

1

Buy Backs (1Y)

0.47%

Diluted EPS (TTM)

10.4

Peers (Alternatives to LPL Financial Holdings)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
64.6B
5.0B
-4.16% -26.67%
24
12.87
7.03% 2.07%
54.0B
9.6B
-7.24% -28.09%
37.35
5.61
5.10% -64.37%
25.8B
6.2B
-7.56% -69.74%
22.94
4.14
5.78% -5.22%
24.5B
6.5B
-3.27% -24.36%
12.06
3.54
-15.43% -49.47%
13.5B
4.0B
-1.08% 10.70%
57.29
3.4
13.27% -55.58%
MID-CAP
8.1B
2.7B
-8.57% 20.79%
4.4
3.02
95.77% 12.59%
7.4B
2.0B
-7.56% -5.83%
15.63
3.73
3.79% -13.01%
6.4B
4.6B
-11.90% -16.52%
9.65
1.39
-3.98% -19.72%
2.0B
64.7B
-4.81% 27.03%
8.19
0.03
35.87% 74.73%
SMALL-CAP
1.9B
1.8B
19.43% 13.66%
38.4
1.04
16.43% -60.72%
1.8B
2.4B
-13.64% -50.86%
6.65
0.74
-15.89% -44.42%
1.1B
1.5B
0.39% 32.10%
14.3
0.71
-27.22% -74.14%
819.0M
10.3M
0.54% -9.69%
-15.41
79.58
-29.47% -152.67%
742.8M
301.3M
9.41% -21.41%
14.66
2.47
-0.98% 1.78%
424.5M
1.1B
-12.90% -8.54%
13.12
0.38
-20.31% -79.65%

Financials for LPL Financial Holdings

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue2.9%8,6018,3628,2208,0797,721
Costs and Expenses-0.6%7,4897,5337,5597,4697,120
EBITDA27.0%1,4381,132944878-
EBITDA Margin23.5%0.17*0.14*0.11*0.11*-
Earnings Before Taxes34.1%1,112829660610601
EBT Margin30.4%0.13*0.10*0.08*0.08*-
Interest Expenses8.6%126116110107104
Net Income33.2%846635505464460
Net Income Margin29.5%0.10*0.08*0.06*0.06*-
Free Cahsflow-20.7%1,6392,06722969.00-
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets-2.2%9,4829,6967,7367,7737,992
    Cash Equivalents-30.5%8481,2197001,010495
  Net PPE3.5%751726686659-
  Goodwill0%1,6421,6421,6421,6421,642
Liabilities-5.0%7,3157,6965,8926,0386,321
  Long Term Debt-0.1%2,7172,7192,7212,7222,814
Shareholder's Equity8.4%2,1682,0001,8441,7351,671
  Retained Earnings10.8%3,1012,8002,5852,4432,328
  Additional Paid-In Capital0.9%1,9131,8961,8791,8611,841
Shares Outstanding-0.2%80.0080.0080.00--
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations-18.1%1,9462,376509318453
  Share Based Compensation5.4%53.0050.0048.0046.0044.00
Cashflow From Investing-5.5%-376-356-305-493-458
Cashflow From Financing-60.3%-504-314-277171279
  Dividend Payments-0.2%80.0080.0080.0080.0080.00
  Buy Backs44.4%32522519014090.00

Risks for LPLA

What is the probability of a big loss on LPLA?

38.5%


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

Returns for LPLA

Cumulative Returns on LPLA

22.8%


10-Year Cumulative Returns

37.7%


7-Year Cumulative Returns

30.0%


5-Year Cumulative Returns

71.8%


3-Year Cumulative Returns

What are the long-term rolling returns for LPLA?

FIve years rolling returns for LPL Financial Holdings.

Annualized Returns

Which funds bought or sold LPLA recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-15
B. Riley Wealth Advisors, Inc.
reduced
-22.65
-102,312
330,688
0.01%
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
reduced
-0.93
-1,177,050
58,372,000
0.06%
2023-03-08
Capital Asset Advisory Services LLC
reduced
-55.55
-454,280
420,720
0.03%
2023-03-06
Rockefeller Capital Management L.P.
reduced
-50.14
-81,000
79,000
-%
2023-02-28
Voya Investment Management LLC
reduced
-16.48
-29,234,500
139,180,000
0.20%
2023-02-24
National Pension Service
reduced
-0.34
-122,198
25,659,400
0.05%
2023-02-24
NATIXIS
new
-
2,456,340
2,456,340
0.01%
2023-02-24
SRS Capital Advisors, Inc.
added
0.21
-1,705
210,295
0.03%
2023-02-22
CVA Family Office, LLC
reduced
-16.67
-1,596
5,404
-%
2023-02-21
Triasima Portfolio Management inc.
new
-
1,722,880
1,722,880
0.13%

1–10 of 48

Latest Funds Activity

Are funds buying LPLA calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own LPLA
No. of Funds

LPL Financial Holdings News

Marketscreener.com

LPL Financial Reports Monthly Activity For February 2023 ....

Marketscreener.com,
9 hours ago

Investing.com UK

Marketscreener.com

Investor's Business Daily

InvestorsObserver

Seeking Alpha

Marketscreener.com

Schedule 13G FIlings of LPL Financial Holdings

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
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
Feb 12, 2020
vanguard group inc
11.63%
9,408,350
SC 13G/A

LPLA Fair Value

LPL Financial Holdings fair value in different scenarios

The table shows the Fair Value estimates for LPL Financial Holdings for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

-

-

-

-

-

-

-

-

-

-
Current Inflation

104.11

-49.72%

130.10

-37.16%

182.04

-12.08%

232.41

12.25%

266.48

28.70%
Very High Inflation

-

-

-

-

-

-

-

-

-

-

Historical LPL Financial Holdings Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of LPL Financial Holdings

View All Filings
Date Filed Form Type Document
Mar 15, 2023
4
Insider Trading
Feb 28, 2023
4
Insider Trading
Feb 28, 2023
4
Insider Trading
Feb 28, 2023
4
Insider Trading
Feb 28, 2023
4
Insider Trading
Feb 28, 2023
4
Insider Trading
Feb 28, 2023
4
Insider Trading
Feb 28, 2023
4
Insider Trading
Feb 28, 2023
4
Insider Trading
Feb 28, 2023
4
Insider Trading

Latest Insider Trading transactions for LPLA

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-03-13
SCHIFTER RICHARD P
sold
-
-
-11,588
-
2023-02-27
Oroschakoff Michelle
sold
-1,183,880
246
-4,809
managing director
2023-02-27
Arnold Dan H.
sold
-9,464,730
246
-38,444
president & ceo
2023-02-27
Audette Matthew J
sold
-1,750,480
246
-7,111
chief financial officer
2023-02-27
Larsen Sallie R.
sold
-1,101,450
248
-4,439
managing director
2023-02-25
Jambusaria Aneri
sold (taxes)
-68,254
247
-276
managing director
2023-02-25
Audette Matthew J
sold (taxes)
-2,173,270
247
-8,788
chief financial officer
2023-02-25
Arnold Dan H.
acquired
-
-
79,534
president & ceo
2023-02-25
SEMERJIAN DAYTON
sold (taxes)
-1,563,680
247
-6,323
managing director
2023-02-25
Steinmeier Richard
acquired
-
-
14,252
managing director

1–10 of 50

Dan H. Arnold
5900
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.

LPLA Income Statement

2022-12-31
Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Commission$ 2,326,164$ 2,378,683$ 1,906,560
Asset-Based Revenues1,760,2731,148,0671,044,517
REVENUES:   
Advisory3,875,1543,525,4302,327,519
Asset-based1,760,2731,148,0671,044,517
Service and fee467,381411,761357,722
Transaction and fee181,260156,336148,349
Interest income, net77,12628,57729,412
Other(86,533)71,97657,561
Total net revenues8,600,8257,720,8305,871,640
EXPENSE   
Commission and advisory5,324,8275,180,0903,697,147
Compensation and benefits820,736741,003609,257
Promotional339,994302,285208,250
Occupancy and equipment219,798185,531166,389
Depreciation, Depletion and Amortization, Nonproduction199,817151,428109,732
Interest Expense, Debt126,234104,414105,765
Brokerage, clearing, and exchange86,06386,02371,185
Amortization of other intangibles87,56079,26067,358
Professional services72,51973,23157,067
Communications and data processing67,68760,29652,399
Gain (Loss) on Extinguishment of Debt024,4000
Other143,937131,540101,018
Total expense7,489,1727,119,5015,245,567
INCOME BEFORE PROVISION FOR INCOME TAXES1,111,653601,329626,073
PROVISION FOR INCOME TAXES265,951141,463153,433
NET INCOME$ 845,702$ 459,866$ 472,640
Earnings Per Share [Abstract]   
Earnings Per Share, Basic$ 10.60$ 5.75$ 5.96
Earnings Per Share, Diluted$ 10.40$ 5.63$ 5.86
Weighted-average shares outstanding, basic79,801,00080,002,00079,244,000
Weighted-average shares outstanding, diluted81,285,00081,742,00080,702,000
Trailing   
Commission$ 1,292,358$ 1,404,628$ 1,135,796
Other Asset Based Fees   
Asset-Based Revenues806,649787,220563,129
REVENUES:   
Asset-based806,649787,220563,129
Sales-Based   
Commission1,033,806974,055770,764
Client Cash [Member]   
Asset-Based Revenues953,624360,847481,388
REVENUES:   
Asset-based$ 953,624$ 360,847$ 481,388