LPL Financial Holdings Inc

LPL Financial Holdings Inc

LPLA

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Market Cap$23.65B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
LPL Financial Holdings IncLPL Financial Holdings Inc26.30.41%16%1.3-

Earnings Call Q1 2026

April 30, 2026 - AI Summary

Strong Financial Performance: LPL Financial reported record adjusted EPS of $5.60 for Q1 2026, a 9% increase from the previous year. Total client assets decreased to $2.3 trillion, attributed to lower equity markets, but organic net new assets reached $21 billion, representing a 4% annualized growth rate, showcasing solid organic growth despite market fluctuations.
Optimistic Recruiting Outlook: The company has built a record recruiting pipeline, with recruited assets improving to $17 billion in Q1, typically one of the slowest quarters. The expectation is for pull-through rates to improve throughout the year, supporting mid- to high single-digit growth in organic growth rates.
Acquisition of Commonwealth Financial Network: The integration of Commonwealth is progressing well, with asset retention currently at mid-80s%, aiming for a target of 90%. The run rate EBITDA for Commonwealth was adjusted to approximately $410 million due to market-driven declines but could improve if market conditions stabilize.

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$393.00

Target Price by Analysts

32.9% upsideLPL Financial Holdings Target Price DetailsTarget Price
$298.05

Current Fair Value

0.8% upside

Undervalued by 0.8% based on the discounted cash flow analysis.

Share Statistics

Market cap$23.65 Billion
Enterprise Value$22.62 Billion
Dividend Yield$1.20 (0.41%)
Earnings per Share$10.97
Beta0.51
Outstanding Shares80,113,000

Return

Return on Equity15.84%ROE
Return on Assets4.78%
Return on Invested Capital8.68%

Valuation & Multiples

P/E Ratio26.29P/E Ratio
PEG221.41PEG
Price to Sales1.3Price to Sales
Price to Book Ratio4.22Price to Book Ratio
Enterprise Value to Revenue1.24
Enterprise Value to EBIT13.84
Enterprise Value to Net Income25
Total Debt to Enterprise0
Debt to Equity0Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
May 14, 2026
EPS Estimate
$5.65
Average shareholder expectation
Revenue Estimate
$4.51 B
Average shareholder expectation

Next Earnings Call

Expected Date
July 30, 2026
EPS Estimate
$5.35
Average shareholder expectation
Revenue Estimate
$5.04 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio1.1575▼ 38.41%
Total Calls188,100▲ 7.92%
Total Puts217,717▼ 18.97%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %104.70%▲ 3.05%
Total Invested$24.85B▼ 14.42%
Investors Holding788▼ 56.00%

ESG Score

No data

About LPL Financial Holdings Inc

4,658 employees
CEO: Mark Casady

Andy Kalbaugh Sallie Larsen

Relevant Senate Committees

Joint Committee on Taxation

This committee directly influences the formulation and analysis of tax legislation, providing critical 'revenue estimates' that shape fiscal policy. Its work directly impacts corporate tax structures and the tax environment for investment advice and financial planning.

Finance

This committee controls taxation (corporate, capital gains, individual), trade, and entitlement spending, all of which directly and profoundly impact investment strategies, client wealth, and LPL Financial Holdings' corporate profitability and market environment.

Banking, Housing, and Urban Affairs

This committee directly regulates the entire financial system, including the SEC, which is the primary regulatory body for investment advisors and broker-dealers like LPL Financial Holdings. Members would have direct insight into crucial regulatory changes.