LPL Financial Holdings Inc. (NASDAQ:LPLA – Free Report) – Stock analysts at Zacks Research raised their FY2024 EPS estimates for LPL Financial in a research report issued to clients and investors on Tuesday, January 21st. Zacks Research analyst R. Department now expects that the financial services provider will post earnings of $16.05 per share for the year, up from their prior forecast of $15.87. The consensus estimate for LPL Financial’s current full-year earnings is $16.15 per share. Zacks Research also issued estimates for LPL Financial’s Q1 2026 earnings at $5.04 EPS and Q2 2026 earnings at $5.53 EPS.
LPL Financial (NASDAQ:LPLA – Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $4.16 EPS for the quarter, topping the consensus estimate of $3.69 by $0.47. LPL Financial had a return on equity of 49.47% and a net margin of 8.73%. The firm had revenue of $3.11 billion during the quarter, compared to analyst estimates of $3.04 billion. During the same period in the previous year, the company posted $3.74 EPS. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year.
Other research analysts have also issued research reports about the stock. Jefferies Financial Group reduced their price objective on shares of LPL Financial from $309.00 to $282.00 and set a “buy” rating for the company in a research note on Friday, October 4th. The Goldman Sachs Group upped their price target on LPL Financial from $271.00 to $305.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Citigroup raised their price objective on LPL Financial from $310.00 to $385.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. JMP Securities reaffirmed a “market outperform” rating and set a $310.00 target price on shares of LPL Financial in a research report on Wednesday, October 9th. Finally, UBS Group raised LPL Financial from a “neutral” rating to a “buy” rating and set a $390.00 price target for the company in a report on Monday, January 6th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $351.50.
Read Our Latest Report on LPL Financial
LPL Financial Stock Performance
Shares of LPL Financial stock opened at $356.79 on Wednesday. LPL Financial has a one year low of $187.19 and a one year high of $361.63. The company has a market capitalization of $26.72 billion, a PE ratio of 26.83, a P/E/G ratio of 1.07 and a beta of 0.87. The company has a debt-to-equity ratio of 1.60, a quick ratio of 2.16 and a current ratio of 2.16. The company has a 50-day simple moving average of $329.74 and a two-hundred day simple moving average of $269.38.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of the stock. Perigon Wealth Management LLC purchased a new position in shares of LPL Financial during the 4th quarter valued at approximately $277,000. Hutchens & Kramer Investment Management Group LLC lifted its holdings in LPL Financial by 5.6% during the fourth quarter. Hutchens & Kramer Investment Management Group LLC now owns 958 shares of the financial services provider’s stock valued at $313,000 after purchasing an additional 51 shares in the last quarter. Mount Yale Investment Advisors LLC lifted its holdings in LPL Financial by 35.7% during the fourth quarter. Mount Yale Investment Advisors LLC now owns 3,693 shares of the financial services provider’s stock valued at $1,206,000 after purchasing an additional 972 shares in the last quarter. KBC Group NV grew its position in shares of LPL Financial by 29.3% in the fourth quarter. KBC Group NV now owns 13,226 shares of the financial services provider’s stock valued at $4,319,000 after purchasing an additional 2,996 shares during the period. Finally, Drive Wealth Management LLC purchased a new stake in shares of LPL Financial during the fourth quarter worth about $216,000. 95.66% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In other news, Director Aneri Jambusaria sold 305 shares of the company’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $331.94, for a total value of $101,241.70. Following the sale, the director now owns 3,920 shares in the company, valued at $1,301,204.80. This represents a 7.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.00% of the stock is currently owned by corporate insiders.
LPL Financial Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Thursday, November 14th were paid a $0.30 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.34%. LPL Financial’s payout ratio is currently 9.02%.
LPL Financial Company Profile
(Get Free Report)
LPL Financial Holdings Inc, together with its subsidiaries, provides an integrated platform of brokerage and investment advisory services to independent financial advisors and financial advisors at enterprises in the United States. Its brokerage offerings include variable and fixed annuities, mutual funds, equities, fixed income, alternative investments, retirement and 529 education savings plans, and insurance.
Further Reading
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