LPL Financial Holdings Inc. (LPLA) Stock

About LPL Financial Holdings Inc.

LPL Financial Holdings Inc., operating through its subsidiaries, delivers an integrated ecosystem of brokerage and investment advisory solutions. These services are primarily aimed at independent financial professionals and advisors affiliated with financial institutions across the United States. The firm's brokerage division offers a diverse range of financial instruments, encompassing various annuities (both variable and fixed), mutual funds, equities, and savings vehicles for retirement and education. It also includes fixed income products, insurance, and specialized alternative investments such as non-traded real estate investment trusts and auction rate notes. Furthermore, LPL provides advanced advisory platforms that facilitate access to mutual funds, exchange-traded funds (ETFs), stocks, bonds, specific option strategies, unit investment trusts, institutional money managers, and no-load multi-manager variable annuities. The company also extends its offerings to include money market programs and versatile retirement solutions. These solutions support both commission-based and fee-based services, empowering advisors to furnish brokerage services, consultation, and strategic advice to retirement plan sponsors. Additional services encompass essential tools designed to help advisors maintain and grow their practices. LPL also offers trust, investment management oversight, and custodial services tailored for estates and families, alongside insurance brokerage general agency services. Complementing these are sophisticated technology products, including proposal generation, investment analytics, and portfolio modeling capabilities. Founded in San Diego, California, in 1989, the company initially operated as LPL Investment Holdings Inc. before officially changing its name to LPL Financial Holdings Inc. in June 2012.

LPL Financial Holdings Inc. is led by CEO Richard Steinmeier, employs 10,099 people, headquartered in San Diego, US, publicly traded since 2010.

LPL Financial Holdings Inc. (LPLA) stock trades at $339.75 with a market capitalization of $27.17B. The stock is valued at a price-to-earnings (P/E) ratio of 26.53, price-to-book of 4.41, price-to-sales of 1.31. Over the past 52 weeks the stock has ranged between $262.20 and $403.58, and currently trades 15.8% below its 52-week high. It pays a dividend yielding 0.41%.

On profitability, LPL Financial Holdings Inc. generates a return on equity (ROE) of 20.45% — well above the market average, a sign of a high-quality business, return on capital employed of 42.75%, an operating margin of 11.13%, a net profit margin of 4.93%.

In its most recent fiscal year, LPL Financial Holdings Inc. reported annual revenue of $17.0B, net profit of $863.0M, revenue has compounded at 23.7% a year over the last five years, profit at 12.8% a year.

The balance sheet shows a debt-to-equity ratio of 1.39, a current ratio of 2.45, total assets of $18.5B, $1.0B in cash and equivalents.

LPLA has an average daily trading volume of 991,541 shares, a beta of 0.51 (less volatile than the overall market).

Official website: www.lpl.com