Stocks / Finance · Brokers & investment banks

LPLA

LPL Financial LPLA

Finance · Brokers & investment banks

$283.74+1.50% dayFri Oct 30 close

Deep dip with a setup armed: a close above $297.27 triggers it. 28% below its 52-week high.

A quality company. No fair value estimate for now: our model doesn’t fit it reliably.

Setup armedDeep dip

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Fair value est.: n/a
Market Value: forming
Off 52-wk high: −28%
Risk vs market: Below marketbeta 0.84

5 bullish · 4 bearish See why

TriggerStopDrag across the chart to see any day

Key levels

Every level vs today’s $283.74

52-wk lowlowest close, 1 year$265.86−6.3%
Stopreference, not an order$268.39−5.4%
PriceFri Oct 30 close$283.74you are here
Triggerclose above fires the setup$297.27+4.8%
52-wk highhighest close, 1 year$393.25+38.6%

Fair value estimate

Estimate unreliable for LPLA: returns on book are very high (32% a year, above the 30% our model allows), which means most of the value sits in a fee or brand business that book value doesn't capture. We’d rather show nothing than a made-up number.

Risk vs market

How risk vs market is measured

One year of daily returns (Oct 30 to Oct 30, 252 sessions). Beta = how much LPLA moved for each 1% move in the S&P 500 (SPY); 1.0 moves with the market. Volatility is the yearly standard deviation of daily returns. Past behavior, not a forecast.

Below market

Moves a bit less than the market, and its own price swings are 3.1× the S&P 500’s.

Beta vs S&P 500: 0.84
Volatility: 40% vs 13% SPY
Correlation SPY: 0.27
Correlation QQQ: 0.14

Bull vs bear

Rule-based from the data on this page, strongest first. Not advice.

Top bullish points 5 of 5

ValuationP/E of 15.8× is 35% below its own average of 24.2× at the last 3 fiscal year-ends.
GrowthSales compounded 25% a year from FY2022 to FY2025.
GrowthSales grew 31% to $20.4B over the last 12 months vs the 12 months before (SEC filings).
SetupA capitulation-reversal setup is armed: a close above $297.27 triggers it, with a reference stop at $268.39.
TechnicalA company that passes our quality screen, now 28% off its 52-week high (deep dip).

Top bearish points 4 of 5

ProfitabilityReturn on equity fell 35 points in two fiscal years, to 16% in FY2025.
GrowthDiluted EPS fell 22% to $10.92 in FY2025.
ProfitabilityNet margin of 6.8%, below the 21% median for the 142 Finance companies we cover.
ValuationPrice / book of 3.8×, above the 1.8× median for the 143 Finance companies we cover.

Who’s talking about it

Notable investors, executives, analysts and public figures on LPL Financial in the last 48 hours. Headlines as published, each linked. Their words, not ours.

No notable mentions in the last 48 hours. Checked Nov 1, 9:09 PM ET.

Compare with peers

Closest in size in Brokers & investment banks

CompanyPrice1 yearvs fair valueP/EMkt cap

NMRNomura Holdings ADR$9.38−1.0%+33%n/a12.0×$28B TWTradeweb Markets$122.54+3.1%+18%+38%28.4×$28B RJFRaymond James Financial$157.22−2.5%−1%−22%13.1×$31B CBOECboe Global Markets$335.53+6.8%+42%+35%23.8×$35B IBKRInteractive Brokers Group$76.90−6.0%+12%−49%30.7×$37B SEICSEI Investments Company$103.42−1.3%+28%−7%17.7×$12B

All fundamentals

P/E 15.8 · ROE 26% · Sales +31%

Valuation

P/E: 15.8×3-yr-end avg 24.2× · Finance median 13.5×
Price / FCF: n/acash flow isn't a clean measure for a lender
FCF yield: n/acash flow isn't a clean measure for a lender
EV / EBITDA: n/anot meaningful for a lender
Price / sales: 1.08×
Price / book: 3.79×
Market cap: $22.0Blisted
Enterprise value: $28.6B

Growth

Revenue, 12 months: $20.4B
Sales growth, 12 months: +31.0%vs the 12 months before
Sales growth, 3 yrs: +25.5%/yrfrom FY2022
Diluted EPS, 12 months: $17.45
EPS growth, last FY: −22.2%
Net income, 12 months: $1.4B
Net income growth: +67%12 months vs before

Profitability

Gross margin: n/anot meaningful for a lender
Operating margin: n/anot reported in its SEC filings
Net margin: 6.8%
FCF margin: 4.9%
Return on equity: 26%
Return on invested capital: n/anot meaningful for a lender

Balance sheet

Cash & short-term inv.: $1.2B
Total debt: $7.8B
Net cash: n/anot meaningful for a lender
Debt / equity: n/adeposits/float make debt/equity not comparable for a lender
Interest coverage: n/anot meaningful for a lender

Cash flow & returns

Free cash flow, 12 months: $1.0B
FCF growth, 12 months: n/anot reported in its SEC filings
Dividend yield: 0.43%$96M paid
Payout ratio: 7%
Buybacks, 12 months: $610M2.8% of market cap
Share count, 1 year: −1.7%diluted shares vs a year ago
Stock-based comp: $89M

Trailing 12 months to Sep 30, 2026; balance sheet at Sep 30, 2026. From LPL Financial’s SEC filings. Sparklines show up to six fiscal years. n/a means we don’t hold that number, with the reason. How each is computed.

Valuation details

How

Market ValueForming: thesis-changing filing on Oct 27, needs five trading days

forming

Fair value estimaten/a — Financials model: returns on book are very high (32% a year, above the 30% our model allows), which means most of the value sits in a fee or brand business that book value doesn't capture

n/a

FCF valueNot meaningful for banks and insurers

n/a

Setup & signals

Armed · trigger $297.27

All setups

TriggerFires on a close above this

$297.27+4.8% from here

StopUnder the Oct 28 panic low

$268.39−5.4% from here

Risk if it triggersTrigger to stop

−9.7%

Momentum & 52-week range

RSI 33 · 5 days −10.1%

$283.74now

52-wk low $265.86high $393.25

Off 52-wk high−27.8%

5 days−10.1%

vs 50-day avg−14.1%

vs 200-day avg−12.0%

RSI (14)33

Market cap$22B

The business

FCF $1.0B · Sales +17%

Free cash flow, 12 months$1.0B
Free-cash-flow yield4.6%
Return on equity25%
Sales growth (latest quarter vs year-ago quarter)+17%

Information only, not investment advice. Fair value estimates and talking points are rule-based model output from public data and can be wrong; stop levels are reference points, not orders. How every number is computed.

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One text when a published rule fires on LPLA or any of the 333 quality companies we track: the ticker, the price, the stop and a link to the numbers. Nothing else.