lpl financial, a wholly owned subsidiary of lpl financial holdings inc. (nasdaq:lpla), is a leader in the retail financial advice market and currently serves $462 billion in advisory and brokerage assets. lpl is one of the fastest growing ria custodians and is the nation's largest independent broker-dealer (based on total revenues, financial planning magazine june 1996-2015). the company provides proprietary technology, comprehensive clearing and compliance services, practice management programs and training, and independent research to more than 14,000 independent financial advisors and over 700 banks and credit unions, enabling them to help their clients turn life's aspirations into financial realities. advisors associated with lpl also service an estimated 40,000 retirement plans with an estimated $115 billion in retirement plan assets, as of september 30, 2015. lpl also supports approximately 4,300 financial advisors licensed and affiliated with insurance companies with customi
Company profile
Ticker
LPLA
Exchange
Website
CEO
Mark Casady
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Former names
LPL Investment Holdings Inc.
SEC CIK
Corporate docs
Subsidiaries
LPL Holdings, Inc. • PTC Holdings, Inc. • The Private Trust Company • LPL Financial LLC • LPL Insurance Associates, Inc. • LPL Employee Services, LLC • Allen & Company • Blaze Portfolio Systems LLC • Fiduciary Trust Company ...
IRS number
203717839
LPLA stock data
Latest filings (excl ownership)
ARS
2023 FY
Annual report to shareholders
28 Mar 24
DEFA14A
Additional proxy soliciting materials
28 Mar 24
DEF 14A
Definitive proxy
28 Mar 24
8-K
Departure of Directors or Certain Officers
29 Feb 24
10-K
2023 FY
Annual report
21 Feb 24
8-K
Amendments to Articles of Incorporation or Bylaws
20 Feb 24
8-K
LPL Financial to Acquire Atria Wealth Solutions
13 Feb 24
8-K
Fourth Quarter 2023 Key Financial Results
1 Feb 24
8-K
Entry into a Material Definitive Agreement
17 Nov 23
424B5
Prospectus supplement for primary offering
13 Nov 23
Transcripts
LPLA
Earnings call transcript
2023 Q4
1 Feb 24
LPLA
Earnings call transcript
2023 Q3
26 Oct 23
LPLA
Earnings call transcript
2023 Q2
27 Jul 23
LPLA
Earnings call transcript
2023 Q1
27 Apr 23
LPLA
Earnings call transcript
2022 Q4
2 Feb 23
LPLA
Earnings call transcript
2022 Q3
28 Oct 22
LPLA
Earnings call transcript
2022 Q2
3 Aug 22
LPLA
Earnings call transcript
2022 Q1
29 Apr 22
LPLA
Earnings call transcript
2021 Q4
4 Feb 22
LPLA
Earnings call transcript
2021 Q3
29 Oct 21
Latest ownership filings
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 2.28 bn | 2.28 bn | 2.28 bn | 2.28 bn | 2.28 bn | 2.28 bn |
Cash burn (monthly) | 45.99 mm | 108.68 mm | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 304.40 mm | 719.40 mm | n/a | n/a | n/a | n/a |
Cash remaining | 1.97 bn | 1.56 bn | n/a | n/a | n/a | n/a |
Runway (months of cash) | 42.9 | 14.3 | n/a | n/a | n/a | n/a |
Institutional ownership, Q3 2023
94.9% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 590 |
Opened positions | 79 |
Closed positions | 61 |
Increased positions | 240 |
Reduced positions | 183 |
13F shares | Current |
---|---|
Total value | 16.79 tn |
Total shares | 70.91 mm |
Total puts | 114.88 k |
Total calls | 490.00 k |
Total put/call ratio | 0.2 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 7.09 mm | $1.69 tn |
BLK Blackrock | 6.34 mm | $1.51 tn |
JHG Janus Henderson | 3.08 mm | $731.67 bn |
T. Rowe Price | 2.63 mm | $622.88 bn |
WCM Investment Management | 2.46 mm | $583.91 bn |
Capital Research Global Investors | 2.33 mm | $554.70 bn |
FMR | 2.27 mm | $540.16 bn |
Kayne Anderson Rudnick Investment Management | 2.15 mm | $509.94 bn |
Lone Pine Capital | 1.84 mm | $437.30 bn |
STT State Street | 1.74 mm | $413.14 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
26 Mar 24 | Thomas Corey E. | Common Stock | Grant | Acquire A | No | No | 0 | 8 | 0.00 | 11,808 |
26 Mar 24 | Schifter Richard P | Common Stock | Grant | Acquire A | No | No | 0 | 22 | 0.00 | 40,568.835 |
26 Mar 24 | Putnam James S | Common Stock | Grant | Acquire A | No | No | 0 | 12 | 0.00 | 135,295.5 |
26 Mar 24 | Mnookin Allison | Common Stock | Grant | Acquire A | No | No | 0 | 4 | 0.00 | 9,722 |
26 Mar 24 | Glavin William Francis Jr | Common Stock | Grant | Acquire A | No | No | 0 | 16 | 0.00 | 21,246 |
News
Morgan Stanley Upgrades LPL Finl Hldgs to Overweight, Raises Price Target to $315
9 Apr 24
JMP Securities Maintains Market Outperform on LPL Finl Hldgs, Raises Price Target to $305
9 Apr 24
Analyst Expectations For LPL Finl Hldgs's Future
8 Apr 24
Barclays Maintains Overweight on LPL Finl Hldgs, Raises Price Target to $312
8 Apr 24
Raymond James Initiates Coverage On LPL Finl Hldgs with Underperform Rating
4 Apr 24
Press releases
LPL Financial Releases 2024 Sustainability Report
9 Apr 24
LPL Financial Announces First Quarter 2024 Earnings Release Date and Conference Call
9 Apr 24
Gateway Expands Private Wealth Division
9 Apr 24
MG Partners Private Wealth launches with support from LPL Strategic Wealth Services
4 Apr 24
LPL Financial Welcomes Advisor Matthew Edwards
2 Apr 24