Q4 EPS Estimates for LPL Financial Lifted by Zacks Research

LPL Financial Holdings Inc. (NASDAQ:LPLA) – Equities research analysts at Zacks Research upped their Q4 2024 earnings per share estimates for shares of 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 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 released its earnings results on Wednesday, October 30th. The financial services provider reported $4.16 earnings per share for the quarter, beating the consensus estimate of $3.69 by $0.47. The company 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%. LPL Financial’s revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the company posted $3.74 EPS.

Several other equities analysts have also recently issued reports on LPLA. The Goldman Sachs Group lifted their price objective on LPL Financial from $271.00 to $305.00 and gave the company a “buy” rating in a research note on Friday, November 1st. JMP Securities reiterated a “market outperform” rating and issued a $310.00 price objective on shares of LPL Financial in a research note on Wednesday, October 9th. Jefferies Financial Group decreased their price objective 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. Citigroup lifted their price objective on LPL Financial from $310.00 to $385.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Finally, Barclays upped their price target on LPL Financial from $378.00 to $379.00 and gave the company an “overweight” rating in a report on Monday, January 13th. One investment 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. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $351.50.

LPL Financial Stock Performance

Shares of LPLA opened at $356.79 on Thursday. The stock has a 50-day simple moving average of $329.74 and a 200-day simple moving average of $269.38. 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 stock has a market capitalization of $26.72 billion, a PE ratio of 26.83, a PEG ratio of 1.08 and a beta of 0.87. LPL Financial has a 1 year low of $187.19 and a 1 year high of $361.63.

Institutional Investors Weigh In On LPL Financial

Large investors have recently modified their holdings of the stock. Ashton Thomas Securities LLC purchased a new stake in shares of LPL Financial during the third quarter worth approximately $31,000. Paladin Wealth LLC purchased a new position in LPL Financial in the third quarter worth $34,000. Brooklyn Investment Group purchased a new position in LPL Financial in the third quarter worth $43,000. R Squared Ltd purchased a new position in LPL Financial in the fourth quarter worth $78,000. Finally, Quarry LP raised its position in LPL Financial by 45.3% in the second quarter. Quarry LP now owns 327 shares of the financial services provider’s stock worth $91,000 after acquiring an additional 102 shares in the last quarter. Hedge funds and other institutional investors own 95.66% of the company’s stock.

Insider Activity

In other news, Director Aneri Jambusaria sold 305 shares of the stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $331.94, for a total value 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 approximately $1,301,204.80. This represents a 7.22 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.30% of the company’s stock.

LPL Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Thursday, November 14th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.34%. The ex-dividend date of this dividend was Thursday, November 14th. LPL Financial’s payout ratio is currently 9.02%.

LPL Financial Company Profile

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.