Q4 EPS Estimates for LPL Financial Boosted by William Blair

LPL Financial Holdings Inc. (NASDAQ:LPLA) – Equities researchers at William Blair boosted their Q4 2024 EPS estimates for shares of LPL Financial in a note issued to investors on Monday, January 13th. William Blair analyst J. Schmitt now forecasts that the financial services provider will post earnings of $4.05 per share for the quarter, up from their previous estimate of $3.95. The consensus estimate for LPL Financial’s current full-year earnings is $16.07 per share. William Blair also issued estimates for LPL Financial’s FY2025 earnings at $20.00 EPS and FY2026 earnings at $23.75 EPS.

LPL Financial (NASDAQ:LPLA) last posted its earnings results on Wednesday, October 30th. The financial services provider reported $4.16 earnings per share for the quarter, topping analysts’ consensus estimates of $3.69 by $0.47. LPL Financial had a net margin of 8.73% and a return on equity of 49.47%. The firm had revenue of $3.11 billion for the quarter, compared to analysts’ expectations of $3.04 billion. During the same quarter in the previous year, the firm posted $3.74 earnings per share. The company’s revenue was up 6.0% on a year-over-year basis.

Other analysts have also recently issued reports about the company. The Goldman Sachs Group boosted their price target on LPL Financial from $271.00 to $305.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Citigroup boosted their target price on shares of LPL Financial from $310.00 to $385.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Barclays upped their price target on shares of LPL Financial from $378.00 to $379.00 and gave the company an “overweight” rating in a research report on Monday. JMP Securities reiterated a “market outperform” rating and set a $310.00 price target on shares of LPL Financial in a report on Wednesday, October 9th. Finally, Wells Fargo & Company increased their price objective on LPL Financial from $310.00 to $390.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $351.50.

LPL Financial Trading Up 2.4 %

Shares of LPLA stock opened at $346.21 on Thursday. LPL Financial has a twelve month low of $187.19 and a twelve month high of $347.74. The stock’s fifty day simple moving average is $326.88 and its 200 day simple moving average is $267.46. The company has a quick ratio of 2.16, a current ratio of 2.16 and a debt-to-equity ratio of 1.60. The firm has a market capitalization of $25.92 billion, a P/E ratio of 26.03, a P/E/G ratio of 1.03 and a beta of 0.87.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Daiwa Securities Group Inc. increased its stake in LPL Financial by 50.6% in the third quarter. Daiwa Securities Group Inc. now owns 15,841 shares of the financial services provider’s stock valued at $3,685,000 after purchasing an additional 5,320 shares in the last quarter. Rockefeller Capital Management L.P. acquired a new stake in shares of LPL Financial in the 3rd quarter valued at about $2,633,000. Principal Financial Group Inc. increased its position in LPL Financial by 15.7% in the 3rd quarter. Principal Financial Group Inc. now owns 25,418 shares of the financial services provider’s stock valued at $5,913,000 after buying an additional 3,444 shares in the last quarter. JPMorgan Chase & Co. raised its stake in LPL Financial by 27.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,275,136 shares of the financial services provider’s stock worth $296,635,000 after buying an additional 276,166 shares during the period. Finally, Tidal Investments LLC boosted its holdings in LPL Financial by 98.9% in the third quarter. Tidal Investments LLC now owns 7,662 shares of the financial services provider’s stock worth $1,782,000 after acquiring an additional 3,809 shares in the last quarter. Institutional investors and hedge funds own 95.66% of the company’s stock.

Insider Buying and Selling

In other LPL Financial news, Director Aneri Jambusaria sold 305 shares of the stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $331.94, for a total transaction of $101,241.70. Following the transaction, the director now directly owns 3,920 shares in the company, valued at approximately $1,301,204.80. This represents a 7.22 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.00% of the stock is currently owned by insiders.

LPL Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Thursday, November 14th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.20 annualized dividend and a dividend yield of 0.35%. LPL Financial’s payout ratio is 9.02%.

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.