Zacks Research Research Analysts Reduce Earnings Estimates for LPL Financial Holdings Inc. (NASDAQ:LPLA)

LPL Financial Holdings Inc. (NASDAQ:LPLA) – Equities research analysts at Zacks Research cut their FY2024 earnings per share (EPS) estimates for LPL Financial in a report released on Tuesday, September 17th. Zacks Research analyst R. Department now forecasts that the financial services provider will earn $15.70 per share for the year, down from their prior forecast of $15.85. The consensus estimate for LPL Financial’s current full-year earnings is $15.90 per share. Zacks Research also issued estimates for LPL Financial’s Q4 2024 earnings at $3.93 EPS, Q1 2025 earnings at $4.46 EPS, Q2 2025 earnings at $4.73 EPS, FY2025 earnings at $19.07 EPS, Q1 2026 earnings at $5.17 EPS, Q2 2026 earnings at $5.65 EPS and FY2026 earnings at $23.17 EPS.

LPLA has been the topic of a number of other research reports. Keefe, Bruyette & Woods cut their target price on shares of LPL Financial from $326.00 to $315.00 and set an “outperform” rating on the stock in a research note on Friday, July 26th. Barclays dropped their price target on shares of LPL Financial from $313.00 to $273.00 and set an “overweight” rating on the stock in a research note on Friday, July 26th. Wells Fargo & Company initiated coverage on LPL Financial in a research note on Thursday, September 12th. They set an “equal weight” rating and a $235.00 target price on the stock. Bank of America upgraded shares of LPL Financial from a “neutral” rating to a “buy” rating and set a $268.00 price target for the company in a research note on Tuesday, July 30th. Finally, TD Cowen increased their target price on LPL Financial from $243.00 to $255.00 and gave the company a “hold” rating in a report on Friday, July 26th. One research analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $275.27.

LPL Financial Trading Up 4.1 %

NASDAQ LPLA opened at $220.83 on Friday. The stock has a market cap of $16.50 billion, a P/E ratio of 16.68, a price-to-earnings-growth ratio of 1.20 and a beta of 0.88. The stock has a 50 day simple moving average of $217.22 and a two-hundred day simple moving average of $252.25. LPL Financial has a fifty-two week low of $187.19 and a fifty-two week high of $289.88. The company has a debt-to-equity ratio of 1.77, a quick ratio of 2.16 and a current ratio of 2.16.

LPL Financial (NASDAQ:LPLA) last posted its quarterly earnings results on Thursday, July 25th. The financial services provider reported $3.88 EPS for the quarter, beating analysts’ consensus estimates of $3.66 by $0.22. The company had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.89 billion. LPL Financial had a net margin of 8.91% and a return on equity of 52.14%. The firm’s revenue was up 18.8% compared to the same quarter last year. During the same period in the prior year, the business posted $3.94 EPS.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Brown Advisory Inc. bought a new position in shares of LPL Financial during the fourth quarter worth $254,000. Norges Bank bought a new position in shares of LPL Financial during the 4th quarter valued at about $200,497,000. Coldstream Capital Management Inc. grew its position in shares of LPL Financial by 15.3% during the fourth quarter. Coldstream Capital Management Inc. now owns 1,035 shares of the financial services provider’s stock valued at $236,000 after purchasing an additional 137 shares in the last quarter. Corient Private Wealth LLC grew its position in shares of LPL Financial by 94.8% during the fourth quarter. Corient Private Wealth LLC now owns 69,623 shares of the financial services provider’s stock valued at $15,847,000 after purchasing an additional 33,880 shares in the last quarter. Finally, Quest Partners LLC bought a new stake in shares of LPL Financial in the fourth quarter worth about $126,000. 95.66% of the stock is currently owned by institutional investors.

LPL Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, August 9th were issued a $0.30 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $1.20 dividend on an annualized basis and a yield of 0.54%. LPL Financial’s dividend payout ratio is presently 9.06%.

LPL Financial Company Profile

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.