LPL Financial Holdings Inc. (NASDAQ:LPLA) to Post Q4 2024 Earnings of $3.98 Per Share, William Blair Forecasts

LPL Financial Holdings Inc. (NASDAQ:LPLA) – Investment analysts at William Blair dropped their Q4 2024 earnings per share estimates for LPL Financial in a research note issued to investors on Monday, October 14th. William Blair analyst J. Schmitt now anticipates that the financial services provider will earn $3.98 per share for the quarter, down from their previous forecast of $4.14. The consensus estimate for LPL Financial’s current full-year earnings is $15.79 per share.

Several other analysts also recently weighed in on the company. Keefe, Bruyette & Woods lowered their price objective on LPL Financial from $326.00 to $315.00 and set an “outperform” rating for the company in a research report on Friday, July 26th. StockNews.com downgraded LPL Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, October 1st. Barclays decreased their target price on LPL Financial from $313.00 to $273.00 and set an “overweight” rating for the company in a report on Friday, July 26th. Bank of America upgraded LPL Financial from a “neutral” rating to a “buy” rating and set a $268.00 target price for the company in a report on Tuesday, July 30th. Finally, UBS Group upped their target price on LPL Financial from $215.00 to $250.00 and gave the company a “neutral” rating in a report on Tuesday, October 8th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, LPL Financial currently has an average rating of “Hold” and an average price target of $278.23.

LPL Financial Stock Performance

Shares of LPLA stock opened at $254.78 on Wednesday. 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 has a fifty-two week low of $187.19 and a fifty-two week high of $289.88. The stock has a 50 day moving average price of $221.91 and a two-hundred day moving average price of $248.24. The company has a market capitalization of $19.03 billion, a P/E ratio of 19.24, a PEG ratio of 1.32 and a beta of 0.88.

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

LPL Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 9th were issued a $0.30 dividend. The ex-dividend date was Friday, August 9th. This represents a $1.20 dividend on an annualized basis and a yield of 0.47%. LPL Financial’s dividend payout ratio (DPR) is 9.06%.

Hedge Funds Weigh In On LPL Financial

A number of institutional investors have recently added to or reduced their stakes in LPLA. Ashton Thomas Private Wealth LLC bought a new position in LPL Financial in the second quarter worth $25,000. Key Financial Inc purchased a new stake in shares of LPL Financial in the second quarter worth $28,000. Riverview Trust Co purchased a new stake in shares of LPL Financial in the first quarter worth $30,000. Paladin Wealth LLC purchased a new stake in shares of LPL Financial in the third quarter worth $34,000. Finally, Crewe Advisors LLC grew its stake in shares of LPL Financial by 360.7% in the second quarter. Crewe Advisors LLC now owns 129 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 101 shares during the last quarter. Institutional investors own 95.66% of the company’s stock.

About LPL Financial

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.