Q4 EPS Estimates for LPL Financial Lifted by Zacks Research

LPL Financial Holdings Inc. (NASDAQ:LPLA) – Equities researchers at Zacks Research raised their Q4 2024 earnings per share 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 of $3.80 per share for the quarter, up from their previous forecast 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 announced its quarterly earnings results 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 business had revenue of $3.11 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the previous year, the company earned $3.74 EPS.

LPLA has been the subject of several other reports. Wells Fargo & Company boosted their target price on LPL Financial from $310.00 to $390.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Jefferies Financial Group dropped their price target on LPL Financial from $309.00 to $282.00 and set a “buy” rating on the stock in a research report on Friday, October 4th. StockNews.com raised LPL Financial from a “sell” rating to a “hold” rating in a research report on Saturday, November 9th. TD Cowen raised LPL Financial from a “hold” rating to a “buy” rating and lifted their price target for the stock from $277.00 to $413.00 in a research report on Thursday, December 19th. Finally, Barclays lifted their price target on LPL Financial from $378.00 to $379.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $351.50.

LPL Financial Stock Up 0.4 %

LPLA opened at $360.29 on Thursday. The business has a 50 day moving average price of $331.55 and a 200 day moving average price of $270.61. LPL Financial has a twelve month low of $187.19 and a twelve month high of $361.63. The company has a debt-to-equity ratio of 1.60, a quick ratio of 2.16 and a current ratio of 2.16. The firm has a market cap of $26.98 billion, a P/E ratio of 27.09, a price-to-earnings-growth ratio of 1.09 and a beta of 0.87.

Institutional Investors Weigh In On LPL Financial

A number of institutional investors have recently made changes to their positions in the stock. FMR LLC grew its stake in LPL Financial by 24.4% in the third quarter. FMR LLC now owns 3,322,571 shares of the financial services provider’s stock valued at $772,930,000 after acquiring an additional 650,675 shares during the period. JPMorgan Chase & Co. grew its stake in 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 acquiring an additional 276,166 shares during the period. Southpoint Capital Advisors LP lifted its holdings in shares of LPL Financial by 50.0% in the third quarter. Southpoint Capital Advisors LP now owns 750,000 shares of the financial services provider’s stock valued at $174,472,000 after purchasing an additional 250,000 shares in the last quarter. Maverick Capital Ltd. lifted its holdings 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 valued at $115,635,000 after purchasing an additional 223,931 shares in the last quarter. Finally, Azora Capital LP lifted its holdings in shares of LPL Financial by 52.2% in the third quarter. Azora Capital LP now owns 643,544 shares of the financial services provider’s stock valued at $149,708,000 after purchasing an additional 220,622 shares in the last quarter. 95.66% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related 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 of the company’s stock, valued at $1,301,204.80. The trade was a 7.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.30% 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.