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Ladenburg Thalmann Financial Services

AMEX:LTS.PRA
Snowflake Description

Adequate balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
LTS.PRA
AMEX
$537M
Market Cap
  1. Home
  2. US
  3. Diversified Financials
Company description

Ladenburg Thalmann Financial Services Inc. The last earnings update was 35 days ago. More info.


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LTS.PRA Share Price and Events
7 Day Returns
-0.1%
AMEX:LTS.PRA
3%
US Capital Markets
0.8%
US Market
1 Year Returns
-1.5%
AMEX:LTS.PRA
-6.1%
US Capital Markets
5.9%
US Market
LTS.PRA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Ladenburg Thalmann Financial Services (LTS.PRA) -0.1% 1.1% 3.6% -1.5% 3.1% 11.4%
US Capital Markets 3% 3.6% 5.5% -6.1% 57.3% 69.2%
US Market 0.8% 2.6% 10.6% 5.9% 37.7% 45.5%
1 Year Return vs Industry and Market
  • LTS.PRA outperformed the Capital Markets industry which returned -6.1% over the past year.
  • LTS.PRA underperformed the Market in United States of America which returned 5.9% over the past year.

LTS.PRA Value

 Is Ladenburg Thalmann Financial Services undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Ladenburg Thalmann Financial Services. This is due to cash flow or dividend data being unavailable. The share price is $24.97.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Ladenburg Thalmann Financial Services's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Ladenburg Thalmann Financial Services's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AMEX:LTS.PRA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $0.00
AMEX:LTS Share Price ** AMEX (2019-04-18) in USD $3.61
United States of America Capital Markets Industry PE Ratio Median Figure of 88 Publicly-Listed Capital Markets Companies 30.03x
United States of America Market PE Ratio Median Figure of 3,078 Publicly-Listed Companies 18.23x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Ladenburg Thalmann Financial Services.

AMEX:LTS.PRA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= AMEX:LTS Share Price ÷ EPS (both in USD)

= 3.61 ÷ 0.00

-2573.06x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Ladenburg Thalmann Financial Services is loss making, we can't compare its value to the US Capital Markets industry average.
  • Ladenburg Thalmann Financial Services is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Ladenburg Thalmann Financial Services's expected growth come at a high price?
Raw Data
AMEX:LTS.PRA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -2573.06x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
92.2%per year
United States of America Capital Markets Industry PEG Ratio Median Figure of 34 Publicly-Listed Capital Markets Companies 2.32x
United States of America Market PEG Ratio Median Figure of 2,108 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Ladenburg Thalmann Financial Services, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Ladenburg Thalmann Financial Services's assets?
Raw Data
AMEX:LTS.PRA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $1.73
AMEX:LTS Share Price * AMEX (2019-04-18) in USD $3.61
United States of America Capital Markets Industry PB Ratio Median Figure of 166 Publicly-Listed Capital Markets Companies 6.42x
United States of America Market PB Ratio Median Figure of 5,172 Publicly-Listed Companies 1.93x
AMEX:LTS.PRA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= AMEX:LTS Share Price ÷ Book Value per Share (both in USD)

= 3.61 ÷ 1.73

2.09x

* Primary Listing of Ladenburg Thalmann Financial Services.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Ladenburg Thalmann Financial Services is good value based on assets compared to the US Capital Markets industry average.
X
Value checks
We assess Ladenburg Thalmann Financial Services's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. Ladenburg Thalmann Financial Services has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

LTS.PRA Future Performance

 How is Ladenburg Thalmann Financial Services expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
92.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Ladenburg Thalmann Financial Services expected to grow at an attractive rate?
  • Ladenburg Thalmann Financial Services's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Ladenburg Thalmann Financial Services's earnings growth is expected to exceed the United States of America market average.
  • Ladenburg Thalmann Financial Services's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
AMEX:LTS.PRA Future Growth Rates Data Sources
Data Point Source Value (per year)
AMEX:LTS.PRA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 92.2%
AMEX:LTS.PRA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 6.1%
United States of America Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 6.8%
United States of America Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 3.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
AMEX:LTS.PRA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
AMEX:LTS.PRA Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 1,559 29 1
2019-12-31 1,473 18 1
AMEX:LTS.PRA Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 1,378 63 0
2018-09-30 1,367 61 -3
2018-06-30 1,343 46 -9
2018-03-31 1,301 12 -16
2017-12-31 1,263 16 -25
2017-09-30 1,216 25 -30
2017-06-30 1,168 12 -41
2017-03-31 1,125 12 -59
2016-12-31 1,100 14 -53
2016-09-30 1,095 22 -55
2016-06-30 1,103 19 -50
2016-03-31 1,130 21 -34

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Ladenburg Thalmann Financial Services's earnings are expected to grow significantly at over 20% yearly.
  • Ladenburg Thalmann Financial Services's revenue is expected to grow by 6.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
AMEX:LTS.PRA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Ladenburg Thalmann Financial Services Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AMEX:LTS.PRA Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 0.15 0.15 0.15 1.00
2019-12-31 0.09 0.09 0.09 1.00
AMEX:LTS.PRA Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 0.00
2018-09-30 -0.02
2018-06-30 -0.05
2018-03-31 -0.08
2017-12-31 -0.13
2017-09-30 -0.16
2017-06-30 -0.22
2017-03-31 -0.32
2016-12-31 -0.29
2016-09-30 -0.30
2016-06-30 -0.27
2016-03-31 -0.19

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Ladenburg Thalmann Financial Services will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Ladenburg Thalmann Financial Services's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Ladenburg Thalmann Financial Services has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

LTS.PRA Past Performance

  How has Ladenburg Thalmann Financial Services performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Ladenburg Thalmann Financial Services's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Ladenburg Thalmann Financial Services does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Ladenburg Thalmann Financial Services's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Ladenburg Thalmann Financial Services's 1-year growth to the US Capital Markets industry average as it is not currently profitable.
Earnings and Revenue History
Ladenburg Thalmann Financial Services's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Ladenburg Thalmann Financial Services Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AMEX:LTS.PRA Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 1,378.12 -0.27 231.83
2018-09-30 1,367.03 -3.13 224.29
2018-06-30 1,343.07 -8.81 224.40
2018-03-31 1,300.71 -16.23 215.05
2017-12-31 1,263.00 -24.79 205.83
2017-09-30 1,216.30 -30.27 201.08
2017-06-30 1,167.78 -40.81 190.58
2017-03-31 1,125.37 -59.36 184.98
2016-12-31 1,100.14 -52.71 181.70
2016-09-30 1,094.97 -54.95 180.69
2016-06-30 1,102.74 -49.87 179.89
2016-03-31 1,129.61 -34.32 183.37
2015-12-31 1,142.40 -39.26 182.50
2015-09-30 1,112.20 -21.78 178.21
2015-06-30 1,053.27 -3.61 173.14
2015-03-31 976.95 5.25 158.27
2014-12-31 909.50 16.19 148.85
2014-09-30 856.08 7.78 134.93
2014-06-30 832.25 -0.66 127.20
2014-03-31 802.09 -6.44 122.43
2013-12-31 772.68 -7.37 117.56
2013-09-30 728.46 -9.25 110.94
2013-06-30 683.94 -14.81 105.09
2013-03-31 652.14 -13.24 104.07
2012-12-31 620.28 -16.35 99.84
2012-09-30 562.73 -7.65 90.91
2012-06-30 454.95 -4.68 78.12

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Ladenburg Thalmann Financial Services has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • It is difficult to establish if Ladenburg Thalmann Financial Services has efficiently used its assets last year compared to the US Capital Markets industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Ladenburg Thalmann Financial Services improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Ladenburg Thalmann Financial Services's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Ladenburg Thalmann Financial Services has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

LTS.PRA Health

 How is Ladenburg Thalmann Financial Services's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Ladenburg Thalmann Financial Services's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Ladenburg Thalmann Financial Services is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Ladenburg Thalmann Financial Services's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Ladenburg Thalmann Financial Services's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Ladenburg Thalmann Financial Services Company Filings, last reported 3 months ago.

AMEX:LTS.PRA Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 253.18 254.07 193.62
2018-09-30 386.35 185.20 268.29
2018-06-30 390.50 136.17 211.40
2018-03-31 390.25 99.00 149.52
2017-12-31 370.39 96.85 175.98
2017-09-30 358.83 28.18 104.89
2017-06-30 357.12 30.57 93.12
2017-03-31 352.16 24.56 78.96
2016-12-31 362.50 26.42 102.47
2016-09-30 351.30 48.36 109.64
2016-06-30 350.48 50.68 100.50
2016-03-31 370.23 52.33 100.31
2015-12-31 376.03 53.92 122.76
2015-09-30 385.07 59.18 118.67
2015-06-30 397.48 60.91 129.17
2015-03-31 398.53 62.63 127.76
2014-12-31 336.47 56.03 109.00
2014-09-30 314.87 62.13 100.81
2014-06-30 242.84 55.22 88.23
2014-03-31 210.01 54.86 55.25
2013-12-31 193.41 64.65 55.12
2013-09-30 183.74 75.98 54.71
2013-06-30 175.33 86.45 50.82
2013-03-31 52.99 198.88 41.36
2012-12-31 51.22 197.98 37.51
2012-09-30 52.67 199.62 25.33
2012-06-30 57.78 199.07 23.63
  • Ladenburg Thalmann Financial Services's level of debt (100.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (33.3% vs 100.4% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making Ladenburg Thalmann Financial Services has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Ladenburg Thalmann Financial Services has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -58% per year.
X
Financial health checks
We assess Ladenburg Thalmann Financial Services's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Ladenburg Thalmann Financial Services has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

LTS.PRA Dividends

 What is Ladenburg Thalmann Financial Services's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.39%
Current annual income from Ladenburg Thalmann Financial Services dividends.
If you bought $2,000 of Ladenburg Thalmann Financial Services shares you are expected to receive $28 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Ladenburg Thalmann Financial Services's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.4%).
  • Ladenburg Thalmann Financial Services's dividend is below the markets top 25% of dividend payers in United States of America (3.63%).
Upcoming dividend payment

Purchase Ladenburg Thalmann Financial Services before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
AMEX:LTS.PRA Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
United States of America Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 43 Stocks 2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2009 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

AMEX:LTS.PRA Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31
2019-12-31
AMEX:LTS.PRA Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-03-05 0.050 1.692
2018-12-04 0.050 1.794
2018-08-24 0.050 1.797
2018-06-01 0.040 1.147
2018-02-27 0.040 1.166
2017-11-21 0.040 1.260
2017-08-09 0.040 1.450

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Ladenburg Thalmann Financial Services has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Ladenburg Thalmann Financial Services only paid a dividend in the past 2 years.
Current Payout to shareholders
What portion of Ladenburg Thalmann Financial Services's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Ladenburg Thalmann Financial Services's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Ladenburg Thalmann Financial Services afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Ladenburg Thalmann Financial Services has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

LTS.PRA Management

 What is the CEO of Ladenburg Thalmann Financial Services's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Richard Lampen
COMPENSATION $2,366,410
AGE 64
TENURE AS CEO 12.6 years
CEO Bio

Mr. Richard J. Lampen, also known as Dick, has been the Chief Executive Officer and President of Ladenburg Thalmann Financial Services Inc. since September 6, 2006 and its Chairman of the Board since September 21, 2018. He is Chairman of Castle Brands Inc. since October 2008. Mr. Lampen has been an Executive Vice President of Vector Group Ltd. since July 1996. He was responsible for managing Multi Solutions administrative affairs, including Multi Solutions reporting obligations pursuant to the requirements of the Vice Chair Exchange Act. He served as the President of Multi Soft Inc., since May 2011. He served as the Chairman of CDSI Holdings Inc. until November 4, 2011 and served as its Chief Executive Officer and President from November 5, 1998 to November 4, 2011. Mr. Lampen has 30 years of experience in the financial services and legal fields. His pertinent experience, qualifications, attributes and skills include managerial experience and the knowledge and experience has attained through his service as an executive officer and a director of publicly-traded corporations. Mr. Lampen served as an Executive Vice President and General Counsel of New Valley Corp., from October 1995 to December 2005. He served as an Executive Vice President of VGR Holding, (a subsidiary of Vector Group Ltd.), since July 1996. From May 1992 to September 1995, he was a Partner at Steel Hector & Davis, a law firm located in Miami, Florida and also served as its Co-Chairman of the Corporate Department. Mr. Lampen was an Investment Banker at Salomon Brothers Inc, where he was Managing Director of the Leveraged Finance Group from January 1991 to April 1992. He joined Salomon Brothers Inc. in 1986. He served as the Chair of the Board at Financial Services Institute, Inc. from January 2017 untill 2018 and served as its Vice Chair until January 2017. Mr. Lampen has been a Director of Ladenburg Thalmann Financial Services Inc. since January 2002 and Castle Brands Inc. since October 2008. He serves as a Director of Douglas Elliman Realty, LLC and Financial Services Institute, Inc. He serves as a Director of a number of other companies, including U.S. Can Corp., The International Bank of Miami N.A., Spec's Music Inc. and PANACO Inc., as well as a court-appointed independent Director of Trump Plaza Funding Inc. He served as a Director of Multi Solutions II, Inc. since May 2011 until July 2012. He served as a Director of CDSI Holdings Inc. since Jan 1997 and SG Blocks, Inc. from January 1997 to January 30, 2014. He served as the Chairman and President of Multi Solutions II, Inc., since May 2011 until July 2012. Mr. Lampen served as a director of SG Blocks Inc. until January 2014. He served as the Chairman of Multi Soft Inc. since May 2011. He served as a Director of New Valley Corp. since July 1996. He is a member of the Florida Bar and has served as Chairman of its Securities Law Committee. Mr. Lampen received a Bachelor of Arts degree from Johns Hopkins University in 1975 and Juris Doctorate Degree in 1978 from Columbia Law School. Previously, he was an investment banker at Salomon Brothers Inc, where he was a Managing Director in the Leveraged Finance Group and a partner and co-chairman of the Corporate Department at the Steel Hector & Davis law firm.

CEO Compensation
  • Richard's compensation has increased whilst company is loss making.
  • Richard's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Ladenburg Thalmann Financial Services management team in years:

9.1
Average Tenure
55.5
Average Age
  • The average tenure for the Ladenburg Thalmann Financial Services management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Richard Lampen

TITLE
President
COMPENSATION
$2M
AGE
64
TENURE
12.6 yrs

Brett Kaufman

TITLE
Senior VP & CFO
COMPENSATION
$910K
AGE
46
TENURE
11 yrs

Adam Malamed

TITLE
Executive VP
COMPENSATION
$2M
AGE
46
TENURE
7.3 yrs

Mark Zeitchick

TITLE
Executive VP & Director
COMPENSATION
$3M
AGE
52
TENURE
19.7 yrs

Joseph Giovanniello

TITLE
Senior VP of Corporate & Regulatory Affairs and Secretary
COMPENSATION
$909K
AGE
59
TENURE
6.3 yrs

Diane Chillemi

TITLE
Vice President of Finance & Accounting
COMPENSATION
$250K
AGE
59

Doreen Griffith

TITLE
Senior VP & Chief Information Officer
TENURE
2.3 yrs

Emily Claffey

TITLE
Investor Contact

Brian Heller

TITLE
Senior Vice President of Business & Legal Affairs
TENURE
12.3 yrs

George Oka

TITLE
Senior VP & Head of Corporate Development
TENURE
1.8 yrs
Board of Directors Tenure

Average tenure and age of the Ladenburg Thalmann Financial Services board of directors in years:

10.2
Average Tenure
69
Average Age
  • The average tenure for the Ladenburg Thalmann Financial Services board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Richard Lampen

TITLE
President
COMPENSATION
$2M
AGE
64
TENURE
0.6 yrs

Howard Lorber

TITLE
Vice Chairman of the Board
COMPENSATION
$2M
AGE
69
TENURE
12.8 yrs

Adam Malamed

TITLE
Executive VP
COMPENSATION
$2M
AGE
46
TENURE
0.6 yrs

Mark Zeitchick

TITLE
Executive VP & Director
COMPENSATION
$3M
AGE
52
TENURE
19.7 yrs

Bob Bruderman

TITLE
Chairman of Premier

Hank Beinstein

TITLE
Director
COMPENSATION
$147K
AGE
75
TENURE
17.9 yrs

Richard Krasno

TITLE
Lead Independent Director
COMPENSATION
$249K
AGE
76
TENURE
4.4 yrs

Jacqueline Simkin

TITLE
Director
COMPENSATION
$147K
AGE
75
TENURE
7.6 yrs

Brian Genson

TITLE
Director
COMPENSATION
$122K
AGE
69
TENURE
14.5 yrs

Bruce Mendelsohn

TITLE
Member of the Advisory Board
COMPENSATION
$224K
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Ladenburg Thalmann Financial Services's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Ladenburg Thalmann Financial Services has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

LTS.PRA News

Simply Wall St News

LTS.PRA Company Info

Description

Ladenburg Thalmann Financial Services Inc. operates as a diversified financial services company in the United States. Its Independent Advisory and Brokerage Services segment offers advisory and securities brokerage services for clients, including advisor managed accounts, general securities, mutual funds, and variable and fixed annuities; brokerage support services, such as access to stock, bond, exchange-traded fund, and options execution; products comprising insurance, non-traded real estate investment trusts, and unit trusts; and research, compliance, supervision, accounting, and related services. This segment also provides asset management services; and trust administration of personal and retirement accounts, estate and financial planning, wealth management, and custody services. The company’s Ladenburg segment offers investment banking services consisting of corporate finance services, such as underwritten public, registered direct, and at-the-market offerings, as well as private investment in public equity and other private placements; and strategic and financial advisory services. This segment also provides investment research, sales and trading, and investment services, as well as administration, operation, securities transactions processing, and customer accounts services; and various asset management products and services, including asset management programs, investment consulting services, fund management, private investment management programs, retirement plan sponsor services, alternative investments, architect programs, and third-party advisory services. Its Insurance Brokerage segment delivers life insurance, fixed, and equity indexed annuities, as well as long-term care solutions to investment and insurance providers; and marketing strategies, product expertise, and back-office processing for fixed and equity-indexed annuities. Ladenburg Thalmann Financial Services Inc. was founded in 1876 and is headquartered in Miami, Florida.

Details
Name: Ladenburg Thalmann Financial Services Inc.
LTS.PRA
Exchange: AMEX
Founded: 1876
$536,808,379
148,700,382
Website: http://www.ladenburg.com
Address: Ladenburg Thalmann Financial Services Inc.
4400 Biscayne Boulevard,
12th Floor,
Miami,
Florida, 33137,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AMEX LTS Common Stock NYSE MKT LLC US USD 08. May 2001
DB LT6 Common Stock Deutsche Boerse AG DE EUR 08. May 2001
AMEX LTS.PRA PFD SER A % NYSE MKT LLC US USD 22. May 2013
Number of employees
Current staff
Staff numbers
1,512
Ladenburg Thalmann Financial Services employees.
Industry
Investment Banking and Brokerage
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/19 00:38
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/03/18
Last earnings filing: 2019/03/15
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.