Q4 EPS Estimates for LPL Financial Lifted by Zacks Research

LPL Financial Holdings Inc. (NASDAQ:LPLA) – Stock analysts at Zacks Research boosted their Q4 2024 earnings per share estimates for LPL Financial in a research report issued to clients and investors on Tuesday, January 21st. Zacks Research analyst R. Department now anticipates that the financial services provider will earn $3.80 per share for the quarter, up from their previous estimate of $3.62. The consensus estimate for LPL Financial’s current full-year earnings is $16.17 per share. Zacks Research also issued estimates for LPL Financial’s Q1 2025 earnings at $4.35 EPS, Q2 2025 earnings at $4.50 EPS, Q3 2025 earnings at $4.69 EPS, Q4 2025 earnings at $5.24 EPS, FY2025 earnings at $18.78 EPS, Q3 2026 earnings at $5.63 EPS, Q4 2026 earnings at $5.74 EPS and FY2026 earnings at $21.94 EPS.

LPL Financial (NASDAQ:LPLA) last issued its 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. The business had revenue of $3.11 billion during the quarter, compared to the consensus estimate of $3.04 billion. LPL Financial had a return on equity of 49.47% and a net margin of 8.73%. The firm’s revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the company earned $3.74 EPS.

Several other analysts also recently weighed in on the company. Citigroup boosted their price objective on LPL Financial from $310.00 to $385.00 and gave the company a “buy” rating in a research report on Friday, January 10th. TD Cowen upgraded shares of LPL Financial from a “hold” rating to a “buy” rating and increased their price target for the stock from $277.00 to $413.00 in a research note on Thursday, December 19th. Barclays raised their price objective on LPL Financial from $378.00 to $379.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. Jefferies Financial Group lowered their price target on LPL Financial from $309.00 to $282.00 and set a “buy” rating for the company in a research report on Friday, October 4th. Finally, The Goldman Sachs Group upped their price target on LPL Financial from $271.00 to $305.00 and gave the company a “buy” rating in a report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, LPL Financial presently has an average rating of “Moderate Buy” and a consensus target price of $351.50.

LPL Financial Stock Up 0.6 %

LPLA stock opened at $358.78 on Thursday. LPL Financial has a 1-year low of $187.19 and a 1-year high of $361.63. The company’s 50 day moving average is $329.74 and its 200 day moving average is $269.38. The stock has a market cap of $26.87 billion, a price-to-earnings ratio of 26.98, a price-to-earnings-growth ratio of 1.08 and a beta of 0.87. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 1.60.

Institutional Investors Weigh In On LPL Financial

A number of institutional investors have recently modified their holdings of LPLA. Daiwa Securities Group Inc. increased its holdings in shares of LPL Financial by 50.6% in the 3rd quarter. Daiwa Securities Group Inc. now owns 15,841 shares of the financial services provider’s stock valued at $3,685,000 after acquiring an additional 5,320 shares during the last quarter. Rockefeller Capital Management L.P. acquired a new stake in shares of LPL Financial during the third quarter worth $2,633,000. Principal Financial Group Inc. increased its stake in shares of LPL Financial by 15.7% during the third quarter. Principal Financial Group Inc. now owns 25,418 shares of the financial services provider’s stock worth $5,913,000 after acquiring an additional 3,444 shares during the period. Assenagon Asset Management S.A. grew its holdings in LPL Financial by 4.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 31,209 shares of the financial services provider’s stock worth $10,190,000 after acquiring an additional 1,383 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in LPL Financial by 27.6% during the third 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 in the last quarter. 95.66% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Aneri Jambusaria sold 305 shares of the firm’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $331.94, for a total value of $101,241.70. Following the transaction, the director now directly owns 3,920 shares of the company’s stock, valued at approximately $1,301,204.80. This trade represents a 7.22 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.30% of the stock is owned by corporate insiders.

LPL Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Thursday, November 14th were paid a dividend of $0.30 per share. 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 0.33%. LPL Financial’s payout ratio 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.