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LPL Financial Holdings Inc. (LPLA)
Chart Events
Performance Outlook
| Previous Close | 156.00 |
| Open | 157.26 |
| Bid | 0.00 x 800 |
| Ask | 0.00 x 800 |
| Day's Range | 152.16 - 157.26 |
| 52 Week Range | 50.00 - 157.26 |
| Volume | 427,516 |
| Avg. Volume | 666,555 |
| Market Cap | 12.17B |
| Beta (5Y Monthly) | 1.26 |
| PE Ratio (TTM) | 27.54 |
| EPS (TTM) | 5.53 |
| Earnings Date | Jul 28, 2021 - Aug 02, 2021 |
| Forward Dividend & Yield | 1.00 (0.64%) |
| Ex-Dividend Date | Mar 15, 2021 |
| 1y Target Est | 183.82 |
- GlobeNewswire
LPL Financial Announces Pricing of Senior Unsecured Notes Offering
SAN DIEGO, May 10, 2021 (GLOBE NEWSWIRE) -- LPL Financial Holdings Inc. (Nasdaq: LPLA) today announced that its wholly owned subsidiary, LPL Holdings, Inc. (“LPL Holdings”), has priced its offering of $400 million in aggregate principal amount of senior unsecured notes (the “senior notes”). As previously announced, LPL Holdings intends to use the net proceeds from the senior notes offering, together with corporate cash, to repay borrowings on its existing revolving credit facility related to its acquisition of the wealth management business of Waddell & Reed Financial, Inc. on April 30, 2021, and to pay fees and expenses related to the senior notes offering. The senior notes will bear interest at a rate of 4.375% to be paid semi-annually in arrears on May 15 and November 15 of each year, beginning on November 15, 2021. The senior notes were priced at 100% of the aggregate principal amount, and will mature on May 15, 2031. The issuance of the senior notes is expected to occur on May 18, 2021, subject to customary closing conditions. This press release does not constitute an offer to sell or the solicitation of an offer to buy the senior notes. The senior notes have not been, and will not be, registered under the Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act of 1933. The senior notes are being offered only to persons reasonably believed to be qualified institutional buyers in the United States in reliance on Rule 144A under the Securities Act of 1933 and outside the United States only to non-U.S. investors pursuant to Regulation S. Forward-Looking StatementsStatements in this press release regarding LPL Holdings’ plans to offer senior notes, including the anticipated use of the proceeds therefrom and the anticipated size of the senior notes offering, as well as any other statements that are not related to present facts or current conditions or that are not purely historical, constitute forward-looking statements. These forward-looking statements are based on LPL Financial Holdings Inc.’s (together with its subsidiaries, the “Company”) historical performance and its plans, estimates, and expectations as of May 10, 2021. The words “expects”, “intends”, and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Forward-looking statements are not guarantees that the future results, plans, intentions, or expectations expressed or implied will be achieved. Matters subject to forward-looking statements involve known and unknown risks and uncertainties, including economic, legislative, regulatory, competitive, and other factors, which may cause actual results, or the timing of events, to be materially different from those expressed or implied by forward-looking statements. Important factors that could cause or contribute to such differences include: the market conditions, which will affect whether LPL Holdings will be able to close on the sale of the senior notes; and satisfaction of closing conditions related to the proposed transaction. LPL can give no assurance that the senior notes offering will be completed. Forward-looking statements in this press release should be evaluated together with the risks and uncertainties that affect the Company, including the risk factors set forth in Part I, “Item 1A. Risk Factors” in the Company's 2020 Annual Report on Form 10-K, as may be amended or updated in the Company’s Quarterly Reports on Form 10-Q or other filings with the Securities and Exchange Commission. Except as required by law, the Company specifically disclaims any obligation to update any forward-looking statements as a result of developments occurring after the date of this press release, even if its estimates change, and you should not rely on statements contained herein as representing the Company's views as of any date subsequent to the date of this press release. About LPL FinancialLPL Financial (https://www.lpl.com) is a leader in the retail financial advice market, the nation’s largest independent broker/dealer(+) and a leading custodian (or provider of custodial services) to RIAs. We serve independent financial advisors and financial institutions, providing them with the technology, research, clearing and compliance services, and practice management programs they need to create and grow thriving practices. LPL enables them to provide objective guidance to millions of American families seeking wealth management, retirement planning, financial planning and asset management solutions. + Based on total revenues, Financial Planning magazine June 1996-2020. Securities and Advisory Services offered through LPL Financial LLC, a Registered Investment Advisor. Member FINRA/SIPC. Investor Relations – Chris Koegel, (617) 897-4574Media Relations – Lauren Hoyt-Williams, (980) 321-1232
- Insider Monkey
Was The Smart Money Right About Piling Into LPL Financial (LPLA)?
Last year we predicted the arrival of the first US recession since 2009 and we told in advance that the market will decline by at least 20% in (Recession is Imminent: We Need A Travel Ban NOW). In these volatile markets we scrutinize hedge fund filings to get a reading on which direction each stock […]
- GlobeNewswire
LPL Financial Welcomes Investment Strategies Advisors
CHARLOTTE, N.C., May 10, 2021 (GLOBE NEWSWIRE) -- LPL Financial LLC (Nasdaq: LPLA) today announced that financial advisor Tom Zinckgraf and the team at Investment Strategies Advisors have joined LPL Financial’s broker-dealer, corporate registered investment advisor (RIA) and custodial platforms. Zinckgraf reported having served approximately $180 million in advisory, brokerage and retirement plan assets*. He joins from Wells Fargo Financial Advisors Network. Based in Morristown, N.J., Zinckgraf is an industry veteran who started at a municipal bond firm in 1982, steadily growing and nourishing his business over time. He launched his independent practice in 2002 and is now joined by registered sales assistant Charlie Ward, whose partnership will help ensure business continuity for years to come. The team takes a planning-based approach to helping their clients work toward their financial goals. Zinckgraf’s philosophy has always been to exceed expectations in the area of client service. Zinckgraf also believes in the importance of giving back. He is an active member of the community, having served on the board and as president of both the Morris Plains Rotary Club and the Morris Plains Little League. The team turned to LPL to take the business to the next level. “I’m looking forward to taking advantage of LPL’s enhanced technology capabilities to offer my clients a differentiated experience with a high level of service,” he said. “The advisor-centric culture at LPL is very strong, and it’s evident that their focus and goal is to clearly help advisors so they can help their clients.” Scott Posner, LPL executive vice president, Business Development, said, “We welcome Tom and Charlie to the LPL family and are honored they chose LPL as their partner in the next chapter of their business. As financial advisors continue to seek new ways to enrich the experience for their clients, we are committed to making investments in differentiated capabilities and solutions designed to help them meet the relevant needs of their markets. We look forward to a long-lasting relationship with Investment Strategies Advisors.” Read about other firms that recently joined LPL in the LPL Financial News and Media section of LPL.com. Advisors, find an LPL business development representative near you. About LPL FinancialLPL Financial (Nasdaq: LPLA) was founded on the principle that the firm should work for the advisor, and not the other way around. Today, LPL is a leader** in the markets we serve, supporting more than 18,000 financial advisors, 800 institution-based investment programs and 450 independent RIA firms nationwide. We are steadfast in our commitment to the advisor-centered model and the belief that Americans deserve access to objective guidance from a financial advisor. At LPL, independence means that advisors have the freedom they deserve to choose the business model, services, and technology resources that allow them to run their perfect practice. And they have the freedom to manage their client relationships, because they know their clients best. Simply put, we take care of our advisors, so they can take care of their clients. ** Top RIA custodian (Cerulli Associates, 2019 U.S. RIA Marketplace Report); No. 1 Independent Broker-Dealer in the U.S (Based on total revenues, Financial Planning magazine June 1996-2020); No. 1 provider of third-party brokerage services to banks and credit unions (2019-2020 Kehrer Bielan Research & Consulting Annual TPM Report) *Based on prior business and represents assets that would have been custodied at LPL Financial, rather than third-party custodians. Reported assets and client numbers have not been independently and fully verified by LPL Financial. Securities and advisory services offered through LPL Financial LLC, an SEC- registered broker-dealer and investment advisor. Member FINRA/SIPC. Charlie Ward is a Registered Sales Assistant through LPL Financial. Throughout this communication, the terms “financial advisors” and “advisors” are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial LLC. We routinely disclose information that may be important to shareholders in the “Investor Relations” or “Press Releases” section of our website. Investment Strategies Advisors and LPL Financial are separate entities. Connect with Us! https://twitter.com/lpl https://www.linkedin.com/company/lpl-financial https://www.facebook.com/LPLFinancialLLC https://www.youtube.com/user/lplfinancialllc Media Contact:Lauren Hoyt-Williams(980) 321-1232Lauren.Hoyt-Williams@lpl.com
