QUOTE AND NEWS
StreetInsider.com  Oct 7  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/LPL+Financial+%28LPLA%29+Discloses+Additional+%24150M+Shares+Repurchase+Plan/9894239.html for the full story.
SeekingAlpha  Jul 30  Comment 
LPL Financial Holdings, Inc (NASDAQ:LPLA) Q2 2014 Earnings Conference Call July 30, 2014, 08:00 AM ET Executives Trap Kloman - Head of Investor Relations Mark Casady - Chairman and Chief Executive Officer Dan Arnold - Chief...
TheStreet.com  Apr 24  Comment 
NEW YORK (TheStreet) -- Shares of LPL Financial Holdings Inc. are down -2.79% to $47.73 on Thursday after UBS cut the brokerage and investment advisory services' price target to $53 from $54. "Our estimates are coming down on lower activity...
StreetInsider.com  Feb 11  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Dividends/LPL+FIN+HLDG+%28LPLA%29+Raises+Quarterly+Dividend+26.3%25+to+%240.24%3B+1.8%25+Yield/9149100.html for the full story.
StreetInsider.com  Feb 11  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Earnings/LPL+Financial+Holdings+%28LPLA%29+Tops+Q4+EPS+by+5c/9149024.html for the full story.
Benzinga  Jan 15  Comment 
In a report published Wednesday, Credit Suisse analyst Christian Bolu initiated coverage on LPL Financial Holdings (NASDAQ: LPLA) with a Neutral rating, establishing a $51.00 price target. According to the report, the Neutral rating is based...
StreetInsider.com  Jan 13  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Upgrades/JPMorgan+Upgrades+LPL+Investment+%28LPLA%29+to+Overweight/9048036.html for the full story.
StreetInsider.com  Dec 12  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Upgrades/Keefe%2C+Bruyette+%26+Woods+Upgrades+LPL+Investment+%28LPLA%29+to+Outperform/8975238.html for the full story.
Benzinga  Nov 13  Comment 
In a report published Wednesday, Citigroup analyst William R. Katz reiterated a Buy rating on LPL Financial Holdings (NASDAQ: LPLA), and raised the price target from $45.00 to $52.00. In the report, Citigroup noted, “Following constructive...
StreetInsider.com  Nov 11  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Upgrades/UBS+Upgrades+LPL+Investment+%28LPLA%29+to+Neutral/8868570.html for the full story.




 
TOP CONTRIBUTORS

LPL Investment Holdings (NASDAQ:LPLA) is the largest an independent broker-dealer which provides its services to more than 12,000 financial advisors and financial institutions. LPL focuses on the "mass affluent market" which is defined as investors who are in charge of between $100,000 and $1,000,000 in assets. By remaining unaffiliated with financial advisors, the company hopes to provide support financial advisors in their operations but without giving them a conflict of interest. The company operates out of 3 locations - in Boston, Charlotte, and San Diego.[1]


LPL currently serves over 12,000 advisors, and has been able to grow its clients by an annual growth rate of 13.2%.[2] The company expects that the number of potential clients will grow as the amount of household and nonprofit financial assets grows. According to the US Federal Reserve, this figure grew by 8% from 2008 to 2009 , and is now at $45.1T.[3] In addition, LPL believes that its client base is well diversified as they are spread across 750 banks and credit unions.[4]

The company's initial public offering of stock on the NASDAQ occurred on November 17, 2010. The company offered approximately 15.7M shares each for $30 each. This was at the high end of the the initial price range of $27-$30. The IPO raised a total of $468M. The lead underwriters of the deal were Goldman, Morgan Stanley, Bank of America, and JP Morgan.[5]

LPL's net revenues have decreased by 11.8% from 2008 to 2009. The company reported revenues of $2.7B in 2009, while it reported $3.1B in 2008. Despite this fall, the company increased its net income by 4.4% between the same period. The company's net income was $47.5M in 2009, while it was $45.5M in 2008. [6]


References

  1. LPLA S-1/A 2010 PROSPECTUS SUMMARY "Overview" pg 1
  2. LPLA S-1/A 2010 PROSPECTUS SUMMARY "Our Financial Advisors" pg 2
  3. LPLA S-1/A 2010 PROSPECTUS SUMMARY "Market Opportunity and Industry Background" pg 1
  4. LPLA S-1/A 2010 PROSPECTUS SUMMARY "Our Financial Advisors" pg 3
  5. Renaissance Capital - IPO Home "LPL Investment prices 15.6 million share IPO at $30, top of its range" 17 Nov 2010
  6. LPLA S-1/A 2010 PROSPECTUS SUMMARY "SUMMARY FINANCIAL DATA" pg 10
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki