LPL Financial Q4 Profit Rises, Beats View - Quick Facts

(RTTNews) - LPL Financial Holdings Inc. (LPLA), parent company of LPL Financial LLC, reported fourth-quarter net income of $48.55 million or $0.49 per share, up from $44.42 million or $0.43 per share in the year-ago period.

Adjusted earnings for the quarter were $0.66 per share, compared to $0.63 per share in the prior-year quarter.

On average, 12 analysts polled by Thomson Reuters expected the company to report earnings of $0.61 per share for the quarter. Analysts' estimates typically exclude special items.

Net revenues for the quarter edged up 0.9 percent to $1.10 billion from $1.09 billion in the prior-year quarter. Analysts expected revenue of $1.10 billion for the quarter.

The company's board of directors approved a 4.2 percent increase to the quarterly cash dividend to $0.25 per share of the company's common stock, to be paid on March 16, 2015, to all shareholders of record on March 2, 2015.

The company noted that declarations of any future quarterly dividends, as well as the timing of record and payment dates, remain subject to approval by its board.