Q4 EPS Estimates for LPL Financial Raised by William Blair

LPL Financial Holdings Inc. (NASDAQ:LPLA) – Stock analysts at William Blair boosted their Q4 2024 earnings estimates for shares of LPL Financial in a report issued on Monday, January 13th. William Blair analyst J. Schmitt now anticipates that the financial services provider will post earnings per share of $4.05 for the quarter, up from their prior forecast 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.

LPLA has been the subject of several other research reports. The Goldman Sachs Group boosted their price target on shares of LPL Financial from $271.00 to $305.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. StockNews.com upgraded shares of LPL Financial from a “sell” rating to a “hold” rating in a research report on Saturday, November 9th. Barclays increased their price target on LPL Financial from $378.00 to $379.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Citigroup upped their price objective on LPL Financial from $310.00 to $385.00 and gave the company a “buy” rating in a report on Friday, January 10th. Finally, Keefe, Bruyette & Woods raised 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. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $351.50.

LPL Financial Trading Up 0.8 %

Shares of NASDAQ LPLA opened at $348.93 on Thursday. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 1.60. The company has a 50-day moving average of $327.62 and a two-hundred day moving average of $267.93. LPL Financial has a 1-year low of $187.19 and a 1-year high of $350.38. The company has a market cap of $26.13 billion, a PE ratio of 26.24, a P/E/G ratio of 1.03 and a beta of 0.87.

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

LPL Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Thursday, November 14th were issued 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 yield of 0.34%. LPL Financial’s dividend payout ratio (DPR) is currently 9.02%.

Insider Buying and Selling at LPL Financial

In related news, Director Aneri Jambusaria sold 305 shares of the business’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $331.94, for a total value of $101,241.70. Following the sale, the director now directly owns 3,920 shares of the company’s stock, valued at approximately $1,301,204.80. The trade was a 7.22 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.00% of the company’s stock.

Institutional Trading of LPL Financial

Several hedge funds and other institutional investors have recently modified their holdings of the company. FMR LLC grew its holdings in shares of LPL Financial by 24.4% during the third quarter. FMR LLC now owns 3,322,571 shares of the financial services provider’s stock worth $772,930,000 after buying an additional 650,675 shares in the last quarter. JPMorgan Chase & Co. boosted its position 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 acquiring an additional 276,166 shares during the last quarter. Southpoint Capital Advisors LP grew its stake in shares of LPL Financial by 50.0% during the 3rd quarter. Southpoint Capital Advisors LP now owns 750,000 shares of the financial services provider’s stock worth $174,472,000 after acquiring an additional 250,000 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of LPL Financial by 9.9% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,589,793 shares of the financial services provider’s stock valued at $723,329,000 after purchasing an additional 233,242 shares during the last quarter. Finally, Maverick Capital Ltd. lifted its position in shares of LPL Financial by 82.0% in the third quarter. Maverick Capital Ltd. now owns 497,075 shares of the financial services provider’s stock worth $115,635,000 after purchasing an additional 223,931 shares in the last quarter. Institutional investors and hedge funds 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.