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LPL Financial Holdings Inc
Previous close
$215.52
Day range
$216.65 - $223.40
Year range
$187.25 - $289.88
Market cap
16.51B USD
Avg Volume
811.23K
P/E ratio
17.23
Dividend yield
0.54%
Primary exchange
NASDAQ
In the news
Financials
Income Statement
Revenue
Net income
| (USD) | Jun 2024info | Y/Y change |
|---|---|---|
Revenue | 2.93B | 18.75% |
Operating expense | 405.95M | 25.89% |
Net income | 243.80M | -14.61% |
Net profit margin | 8.32 | -28.09% |
Earnings per share | 3.88 | -1.52% |
EBITDA | 508.22M | -2.80% |
Effective tax rate | 26.14% | — |
Balance Sheet
Total assets
Total liabilities
| (USD) | Jun 2024info | Y/Y change |
|---|---|---|
Cash and short-term investments | 1.37B | 70.62% |
Total assets | 11.50B | 22.48% |
Total liabilities | 8.99B | 23.63% |
Total equity | 2.52B | — |
Shares outstanding | 74.76M | — |
Price to book | 6.40 | — |
Return on assets | 9.03% | — |
Return on capital | 15.02% | — |
Cash Flow
Net change in cash
| (USD) | Jun 2024info | Y/Y change |
|---|---|---|
Net income | 243.80M | -14.61% |
Cash from operations | -178.87M | -144.40% |
Cash from investing | -246.31M | -62.78% |
Cash from financing | 556.57M | 351.66% |
Net change in cash | 131.39M | 333.09% |
Free cash flow | 379.37M | -32.82% |
About
LPL Financial Holdings Inc. was founded in 1989 and is considered the largest independent broker-dealer in the United States. As of 2021 the company had more than 17,500 financial advisors, over US$1 trillion in advisory and brokerage assets, and generated approximately $5.9 billion in annual revenue for the 2020 fiscal year.
LPL Financial was formed in 1989 through the merger of two brokerage firms—Linsco and Private Ledger —and has since expanded its number of independent financial advisors both organically and through acquisitions. LPL Financial has main offices in Boston, Fort Mill, Austin, and San Diego. The company is a member of FINRA and the SIPC.
LPL Financial joined the Fortune 500 list at number 466 in 2021.
LPL's subsidiaries are LPL Financial LLC, LPL Insurance Associates, Inc., Fortigent, LLC, and The Private Trust Company, N.A. Wikipedia
CEO
Founded
1989
Website
Employees
8,873
