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Financial Services - Financial - Capital Markets - NASDAQ - US
$ 287.86
1.61 %
$ 23 B
Market Cap
20.53
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Apr, 8, 2025.

The intrinsic value of one LPLA stock under the worst case scenario is HIDDEN Compared to the current market price of 288 USD, LPL Financial Holdings Inc. is HIDDEN

This DCF valuation model was last updated on Apr, 8, 2025.

The intrinsic value of one LPLA stock under the base case scenario is HIDDEN Compared to the current market price of 288 USD, LPL Financial Holdings Inc. is HIDDEN

This DCF valuation model was last updated on Apr, 8, 2025.

The intrinsic value of one LPLA stock under the best case scenario is HIDDEN Compared to the current market price of 288 USD, LPL Financial Holdings Inc. is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart LPLA

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$400.0$400.0$380.0$380.0$360.0$360.0$340.0$340.0$320.0$320.0$300.0$300.0$280.0$280.0$260.0$260.0$240.0$240.015 Oct15 OctNov '24Nov '2415 Nov15 NovDec '24Dec '2415 Dec15 DecJan '25Jan '2515 Jan15 JanFeb '25Feb '2515 Feb15 FebMar '25Mar '2515 Mar15 MarApr '25Apr '25
FINANCIALS
12.4 B REVENUE
23.20%
1.67 B OPERATING INCOME
2.18%
1.06 B NET INCOME
-0.72%
278 M OPERATING CASH FLOW
-45.85%
-1.59 B INVESTING CASH FLOW
-85.09%
1.42 B FINANCING CASH FLOW
779.72%
3.51 B REVENUE
13.00%
423 M OPERATING INCOME
-3.22%
271 M NET INCOME
6.05%
-179 M OPERATING CASH FLOW
-85.40%
-1.03 B INVESTING CASH FLOW
-471.08%
935 M FINANCING CASH FLOW
3976.84%
Balance Sheet LPL Financial Holdings Inc.
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Current Assets 1.66 B
Cash & Short-Term Investments 1.01 B
Receivables 634 M
Other Current Assets 15.2 M
Non-Current Assets 4.87 B
Long-Term Investments 15.2 M
PP&E 1.21 B
Other Non-Current Assets 3.64 B
15.47 %9.72 %18.55 %55.80 %Total Assets$6.5b
Current Liabilities 4.19 B
Accounts Payable 2.62 B
Short-Term Debt 1.05 B
Other Current Liabilities 532 M
Non-Current Liabilities 6.19 B
Long-Term Debt 4.7 B
Other Non-Current Liabilities 1.49 B
25.19 %10.08 %5.12 %45.26 %14.36 %Total Liabilities$10.4b
EFFICIENCY
Earnings Waterfall LPL Financial Holdings Inc.
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Revenue 12.4 B
Cost Of Revenue 9.02 B
Gross Profit 3.37 B
Operating Expenses 3.37 B
Operating Income 1.67 B
Other Expenses 608 M
Net Income 1.06 B
14b14b12b12b10b10b8b8b6b6b4b4b2b2b0012b(9b)3b(3b)2b(608m)1bRevenueRevenueCost Of RevenueCost Of RevenueGross ProfitGross ProfitOperating ExpensesOperating ExpensesOperating IncomeOperating IncomeOther ExpensesOther ExpensesNet IncomeNet Income
RATIOS
27.21% GROSS MARGIN
27.21%
13.46% OPERATING MARGIN
13.46%
8.55% NET MARGIN
8.55%
36.12% ROE
36.12%
7.95% ROA
7.95%
37.53% ROIC
37.53%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis LPL Financial Holdings Inc.
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2b2b2b2b1b1b1b1b1b1b800m800m600m600m400m400m200m200m00(200m)(200m)(400m)(400m)20162016201720172018201820192019202020202021202120222022202320232024202420252025
Net Income 1.06 B
Depreciation & Amortization 444 M
Capital Expenditures -563 M
Stock-Based Compensation 91.8 M
Change in Working Capital 0
Others -1.24 B
Free Cash Flow -285 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets LPL Financial Holdings Inc.
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Wall Street analysts predict an average 1-year price target for LPLA of $306 , with forecasts ranging from a low of $268 to a high of $379 .
LPLA Lowest Price Target Wall Street Target
268 USD -6.90%
LPLA Average Price Target Wall Street Target
306 USD 6.22%
LPLA Highest Price Target Wall Street Target
379 USD 31.66%
Price
Max Price Target
Min Price Target
Average Price Target
400400380380360360340340320320300300280280260260240240220220200200180180May '24May '24Jul '24Jul '24Aug '24Aug '24Oct '24Oct '24Nov '24Nov '2420252025Feb '25Feb '25Apr '25Apr '25Jun '25Jun '25Jul '25Jul '25Aug '25Aug '25Oct '25Oct '25Nov '25Nov '2520262026Feb '26Feb '26Apr '26Apr '26
4. DIVIDEND ANALYSIS
0.09% DIVIDEND YIELD
0.3 USD DIVIDEND PER SHARE
Q1
Q2
Q3
Q4
1.401.401.201.201.001.000.800.800.600.600.400.400.200.200.000.000.250.250.250.250.250.250.250.250.30.30.30.250.250.250.250.250.250.250.250.30.30.250.250.250.250.250.250.250.250.30.30.251.000.251.000.251.000.251.000.251.000.251.000.251.000.251.000.31.200.31.200.302015201520162016201720172018201820192019202020202021202120222022202320232024202420252025
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5. COMPETITION
slide 2 of 11
6. Ownership
Insider Ownership LPL Financial Holdings Inc.
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Sold
0-3 MONTHS
15.8 M USD 5
3-6 MONTHS
101 K USD 1
6-9 MONTHS
0 USD 0
9-12 MONTHS
1.57 M USD 1
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
7. News
LPL Financial Welcomes Horizon Capital Advisors SAN DIEGO, April 02, 2025 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that eight financial advisors with Horizon Capital Advisors have joined LPL Financial's broker-dealer, Registered Investment Advisor (RIA) and custodial platforms. They reported serving approximately $450 million in advisory, brokerage and retirement plan assets* and join LPL from Osaic. globenewswire.com - 2 weeks ago
LPLA to Buy Commonwealth Financial, Boost Wealth Management Offerings LPL Financial is set to buy Commonwealth Financial for $2.7 billion. The buyout is likely to be accretive to 2026 adjusted earnings. zacks.com - 2 weeks ago
LPL Financial Announces Pricing of Its Common Stock Offering SAN DIEGO, March 31, 2025 (GLOBE NEWSWIRE) -- LPL Financial Holdings Inc. (NASDAQ: LPLA) (together with its subsidiaries, including LPL Financial LLC, “LPL Financial” or “LPL”) today announced the pricing of an underwritten public offering of 4,687,500 shares of its common stock at a price to the public of $320.00 per share. LPL also granted the underwriters a 30-day option to purchase up to an additional 703,125 shares of its common stock at the public offering price, less underwriting discounts and commissions. The offering is expected to close on April 2, 2025, subject to satisfaction of customary closing conditions. globenewswire.com - 2 weeks ago
LPL Financial: Stay The Course LPL Financial has been a rare consistent compounder through the years. A closer look at its fundamentals points to more of the same. With a few turns now knocked off the multiple, LPL stock offers a compelling entry point. seekingalpha.com - 2 weeks ago
LPL Financial Announces Proposed $1.5 Billion Common Stock Offering SAN DIEGO, March 31, 2025 (GLOBE NEWSWIRE) -- LPL Financial Holdings Inc. (NASDAQ: LPLA) (together with its subsidiaries, including LPL Financial LLC, “LPL Financial” or “LPL”) today announced that it has commenced an underwritten public offering of $1.5 billion of its common stock. globenewswire.com - 3 weeks ago
LPL Financial: Positioned To Accelerate Market Expansion Through Commonwealth Acquisition LPL Financial is the largest independent broker-dealer in the US, with strong financials and a growth strategy focused on M&A and vertical integration. LPLA's FY24 revenues grew 23.20% YoY to $12.39bn, with EBITDA increasing 11.63% to $2.22bn, despite a significant decline in free cash flow due to heavy investments. The stock has outperformed the financial sector and broader market, driven by favorable regulatory conditions and strategic expansions, including the potential acquisition of Commonwealth Financial Network. seekingalpha.com - 3 weeks ago
LPL Financial to Acquire Commonwealth Financial Network SAN DIEGO and WALTHAM, Mass., March 31, 2025 (GLOBE NEWSWIRE) -- LPL Financial Holdings Inc. (NASDAQ: LPLA) (together with its subsidiaries, including LPL Financial LLC, “LPL Financial” or “LPL”) today announced that it has entered into a definitive purchase agreement to acquire Commonwealth Financial Network (“Commonwealth”), the largest independently owned wealth management firm in the country. globenewswire.com - 3 weeks ago
LPL Financial Held Talks to Acquire Commonwealth, Reports Say LPL Financial LPLA+1.11% held talks with rival Commonwealth Financial Network about a potential acquisition, according to two news reports that cited anonymous people familiar with the matter. marketwatch.com - 3 weeks ago
Week's Best: LPL CEO Wants to Take On Morgan, Schwab Rich Steinmeier doesn't want to think of LPL Financial LPLA-0.59% as just an independent broker-dealer. Now six months into his stint as LPL's CEO, Steinmeier says his firm wants to compete with the likes of Morgan Stanley MS-3.24%, Merrill Lynch, and Charles Schwab. marketwatch.com - 3 weeks ago
LPL Financial Welcomes Oxford Oaks Capital to Linsco Channel SAN DIEGO, March 27, 2025 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that financial advisor Austin Greer, CRPS ®, has joined LPL's employee advisor channel, Linsco by LPL Financial, to launch Oxford Oaks Capital of LPL Financial. He reported serving approximately $600 million in advisory, brokerage and retirement plan assets* and joins LPL from UBS. globenewswire.com - 3 weeks ago
LPL Financial's February Brokerage & Advisory Assets Rise Y/Y LPLA's February total brokerage and advisory assets are $1.82 trillion, growing 0.6% from the prior month and 29.9% year over year. zacks.com - 3 weeks ago
LPL Financial Reports Monthly Activity for February 2025 SAN DIEGO, March 20, 2025 (GLOBE NEWSWIRE) -- LPL Financial LLC (“LPL Financial”), a wholly owned subsidiary of LPL Financial Holdings Inc. ( Nasdaq: LPLA ) (the “Company”), today released its monthly activity report for February 2025. Total advisory and brokerage assets at the end of February were $1.82 trillion, an increase of $11.3 billion, or 0.6%, compared to the end of January 2025. globenewswire.com - 1 month ago
8. Profile Summary

LPL Financial Holdings Inc. LPLA

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COUNTRY US
INDUSTRY Financial - Capital Markets
MARKET CAP $ 23 B
Dividend Yield 0.09%
Description 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.
Contact 4707 Executive Drive, San Diego, CA, 92121 https://www.lpl.com
IPO Date Nov. 18, 2010
Employees 9000
Officers Mr. Corey L. Staten Executive Vice President of Service Mr. Matthew Morningstar Executive Vice President of Compliance and Legal & Risk Ms. Katelyn Shackleton Executive Vice President of Corporate Strategy & New Ventures Robert Krivit Senior Vice President & Head of Trading Mr. Greg Gates MD and Chief Technology & Information Officer Ms. Judith Kohoskie Ricketts Executive Vice President of Operations Mr. Matthew K. Enyedi Managing Director of Client Success Mr. Marc Andrew Zabicki C.F.A. Chief Investment Officer Ms. Katharine Reeping Senior Vice President, Controller & Chief Accounting Officer Mr. Jeffrey S. Buchbinder Chief Equity Strategist