Zacks Research Lowers Earnings Estimates for LPL Financial

LPL Financial Holdings Inc. (NASDAQ:LPLA) – Equities researchers at Zacks Research cut their Q4 2024 EPS estimates for shares of LPL Financial in a report released on Wednesday, November 20th. Zacks Research analyst R. Department now forecasts that the financial services provider will post earnings per share of $3.62 for the quarter, down from their previous estimate of $3.88. The consensus estimate for LPL Financial’s current full-year earnings is $16.08 per share. Zacks Research also issued estimates for LPL Financial’s Q1 2025 earnings at $4.39 EPS, Q2 2025 earnings at $4.51 EPS, Q3 2025 earnings at $4.71 EPS, Q4 2025 earnings at $4.94 EPS, FY2025 earnings at $18.55 EPS, Q1 2026 earnings at $4.79 EPS, Q2 2026 earnings at $5.27 EPS and Q3 2026 earnings at $5.39 EPS.

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

A number of other brokerages have also recently weighed in on LPLA. Citigroup lifted their price objective on shares of LPL Financial from $285.00 to $310.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Barclays upped their price objective on LPL Financial from $273.00 to $311.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. Jefferies Financial Group lowered their target price on LPL Financial from $309.00 to $282.00 and set a “buy” rating for the company in a research note on Friday, October 4th. Bank of America raised LPL Financial from a “neutral” rating to a “buy” rating and set a $268.00 price target on the stock in a research report on Tuesday, July 30th. Finally, Morgan Stanley boosted their price objective on LPL Financial from $303.00 to $309.00 and gave the stock an “overweight” rating in a research report on Thursday, October 17th. One analyst has rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, LPL Financial presently has a consensus rating of “Moderate Buy” and an average target price of $286.92.

LPL Financial Stock Up 1.1 %

Shares of NASDAQ:LPLA opened at $326.85 on Friday. The firm has a market capitalization of $24.47 billion, a PE ratio of 24.50, a price-to-earnings-growth ratio of 1.54 and a beta of 0.85. LPL Financial has a 1 year low of $187.19 and a 1 year high of $327.55. The company has a debt-to-equity ratio of 1.60, a current ratio of 2.16 and a quick ratio of 2.16. The firm’s 50-day moving average is $260.89 and its two-hundred day moving average is $252.81.

LPL Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Thursday, November 14th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.37%. LPL Financial’s dividend payout ratio (DPR) is 9.02%.

Hedge Funds Weigh In On LPL Financial

A number of large investors have recently modified their holdings of LPLA. FMR LLC increased its holdings in shares of 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 purchasing an additional 650,675 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its position in LPL Financial by 9.9% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,589,793 shares of the financial services provider’s stock worth $723,329,000 after buying an additional 233,242 shares during the period. Boston Partners increased its holdings in LPL Financial by 71.9% in the first quarter. Boston Partners now owns 1,765,230 shares of the financial services provider’s stock valued at $466,434,000 after buying an additional 738,509 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of LPL Financial by 2.6% during the 3rd quarter. Geode Capital Management LLC now owns 1,436,831 shares of the financial services provider’s stock valued at $333,581,000 after acquiring an additional 36,474 shares during the period. Finally, Samlyn Capital LLC boosted its stake in shares of LPL Financial by 8.0% during the 2nd quarter. Samlyn Capital LLC now owns 1,194,715 shares of the financial services provider’s stock worth $333,684,000 after acquiring an additional 88,635 shares in the last quarter. 95.66% of the stock is owned by hedge funds and other institutional investors.

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.