Brokers Offer Predictions for LPL Financial FY2024 Earnings

LPL Financial Holdings Inc. (NASDAQ:LPLA) – Equities researchers at Zacks Research lifted their FY2024 earnings per share (EPS) estimates for shares of LPL Financial in a research note issued on Tuesday, January 21st. Zacks Research analyst R. Department now forecasts that the financial services provider will post earnings per share of $16.05 for the year, up from their previous estimate 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) last released its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $4.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.69 by $0.47. The firm had revenue of $3.11 billion for the quarter, compared to analysts’ expectations of $3.04 billion. LPL Financial had a net margin of 8.73% and a return on equity of 49.47%. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter last year, the business posted $3.74 earnings per share.

Other equities research analysts have also recently issued reports about the company. Keefe, Bruyette & Woods lifted their target price on LPL Financial from $325.00 to $390.00 and gave the stock an “outperform” rating in a report on Friday, December 20th. Wells Fargo & Company upped their price objective on LPL Financial from $310.00 to $390.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. JMP Securities reissued a “market outperform” rating and issued a $310.00 target price on shares of LPL Financial in a report on Wednesday, October 9th. UBS Group raised shares of LPL Financial from a “neutral” rating to a “buy” rating and set a $390.00 price target on the stock in a research note on Monday, January 6th. Finally, Morgan Stanley increased their price objective on shares of LPL Financial from $303.00 to $309.00 and gave the company an “overweight” rating in a research report on Thursday, October 17th. One research analyst has rated the stock with a sell rating, one has given a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $351.50.

LPL Financial Stock Up 1.8 %

Shares of LPLA stock opened at $356.79 on Wednesday. The company’s fifty day simple moving average is $329.74 and its two-hundred day simple moving average is $269.38. LPL Financial has a 52 week low of $187.19 and a 52 week high of $361.63. The stock has a market cap of $26.72 billion, a P/E ratio of 26.83, a PEG ratio of 1.07 and a beta of 0.87. The company has a quick ratio of 2.16, a current ratio of 2.16 and a debt-to-equity ratio of 1.60.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. FMR LLC boosted its position in LPL Financial by 24.4% in the 3rd quarter. FMR LLC now owns 3,322,571 shares of the financial services provider’s stock valued at $772,930,000 after buying an additional 650,675 shares during the period. Geode Capital Management LLC boosted its holdings in shares of LPL Financial by 2.6% in the third quarter. Geode Capital Management LLC now owns 1,436,831 shares of the financial services provider’s stock valued at $333,581,000 after purchasing an additional 36,474 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of LPL Financial by 27.6% in the third quarter. JPMorgan Chase & Co. now owns 1,275,136 shares of the financial services provider’s stock valued at $296,635,000 after purchasing an additional 276,166 shares during the period. Samlyn Capital LLC grew its stake in LPL Financial by 8.0% in the second quarter. Samlyn Capital LLC now owns 1,194,715 shares of the financial services provider’s stock worth $333,684,000 after purchasing an additional 88,635 shares in the last quarter. Finally, Darlington Partners Capital Management LP increased its holdings in LPL Financial by 9.5% during the 2nd quarter. Darlington Partners Capital Management LP now owns 783,290 shares of the financial services provider’s stock worth $218,773,000 after purchasing an additional 68,276 shares during the period. Hedge funds and other institutional investors own 95.66% of the company’s stock.

Insiders Place Their Bets

In other news, Director Aneri Jambusaria sold 305 shares of LPL Financial stock in a transaction 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 completion of the sale, the director now directly owns 3,920 shares in the company, valued at approximately $1,301,204.80. This trade represents a 7.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.00% of the stock is owned by insiders.

LPL Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Thursday, November 14th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.34%. The ex-dividend date was Thursday, November 14th. LPL Financial’s dividend payout ratio (DPR) is currently 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.