New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 4, 2013
09:17 EDTLPLAFortigent and Central Park Group announce strategic partnership
Fortigent, a subsidiary of LPL Financial Holdings, and Central Park Group announced the formation of a new strategic partnership. This new partnership provides investment advisors and financial institutions served by Fortigent with significantly expanded access to an industry leading platform of institutional hedge funds, private equity, real estate and funds of funds enhanced with research, due diligence and asset allocation guidance.
News For LPLA From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
October 22, 2014
10:09 EDTLPLAOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
08:57 EDTLPLALPL Financial downgraded to Market Perform from Outperform at William Blair
William Blair downgraded LPL Financial to Market Perform citing reduced earnings visibility following the company's negative Q3 preannouncement. Shares were also downgraded this morning at Keefe Bruyette.
05:30 EDTLPLALPL Financial downgraded to Market Perform from Outperform at Keefe Bruyette
Keefe Bruyette downgraded LPL Financial to Market Perform with a $49 price target citing the company's negative Q3 preannouncement.
October 21, 2014
16:24 EDTLPLALPL Financial sees Q3 EPS 32c-34c, consensus 59c
Sees Q3 revenue approximately $1.1B, consensus $1.1B. LPL Financial Holdings, parent company of LPL Financial, announced that it expects to incur greater than expected charges totaling $23M in Q3 associated with regulatory matters relating primarily to issues involving LPL Financial's systems, policies and procedures. Net revenue for the Q3 is expected to be consistent with prior expectations, growing to approximately $1.1B. Due to the increased regulatory charges, the company expects net income and diluted EPS to be in the range of $32M-$34M and 32c-34c per share, respectively, for Q3. It is anticipated reported core G&A, a non-GAAP financial measure, will be between $185M-$187M. As a result, adjusted EBITDA and adjusted earnings per share, both non-GAAP financial measures, are expected to be in the range of $108M-$110M and between 47c-49c, respectively, for Q3. The $23M of charges in Q3 represent $18M more than anticipated, leading to an expected impact of 11c on diluted earnings per share. In an effort to help shareholders better understand the company's performance, the company provides forward-looking statements which often include estimates for regulatory matters. The company previously estimated approximately $15M in up-weighted regulatory spend in 2014, bringing total estimated regulatory charges to $19M for the FY14. This $19M included $9M of charges already expensed in the first half of 2014 and an estimate based on consideration for the overall regulatory environment that the company would have on average $5Min charges in each of the remaining two quarters of 2014.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use