FY2024 EPS Estimates for LPL Financial Lifted by Analyst

LPL Financial Holdings Inc. (NASDAQ:LPLA) – Analysts at Zacks Research upped their FY2024 earnings 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 $16.05 per share for the year, up from their previous forecast of $15.87. The consensus estimate for LPL Financial’s current full-year earnings is $16.12 per share. Zacks Research also issued estimates for LPL Financial’s Q1 2026 earnings at $5.04 EPS and Q2 2026 earnings at $5.53 EPS.

Several other equities research analysts also recently weighed in on LPLA. Morgan Stanley raised their price target on LPL Financial from $303.00 to $309.00 and gave the stock an “overweight” rating in a report on Thursday, October 17th. Jefferies Financial Group lowered their target price on shares of LPL Financial from $309.00 to $282.00 and set a “buy” rating for the company in a research note on Friday, October 4th. UBS Group upgraded shares of LPL Financial from a “neutral” rating to a “buy” rating and set a $390.00 price target on the stock in a research note on Monday, January 6th. Barclays lifted their price objective on shares of LPL Financial from $378.00 to $379.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Finally, Citigroup upped their target price on LPL Financial from $310.00 to $385.00 and gave the company a “buy” rating in a research report on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $351.50.

LPL Financial Stock Up 0.4 %

Shares of LPLA stock opened at $350.40 on Wednesday. The stock’s fifty day moving average price is $328.90 and its 200 day moving average price is $268.76. LPL Financial has a 1-year low of $187.19 and a 1-year high of $354.13. The company has a market cap of $26.24 billion, a price-to-earnings ratio of 26.35, a price-to-earnings-growth ratio of 1.07 and a beta of 0.87. The company has a debt-to-equity ratio of 1.60, a current ratio of 2.16 and a quick ratio of 2.16.

LPL Financial (NASDAQ:LPLA) last released its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $4.16 earnings per share (EPS) 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 business had revenue of $3.11 billion for the quarter, compared to analyst estimates of $3.04 billion. During the same period in the previous year, the company earned $3.74 earnings per share. The business’s revenue for the quarter was up 6.0% on a year-over-year basis.

Institutional Trading of LPL Financial

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LPLA. Ashton Thomas Securities LLC purchased a new stake in shares of LPL Financial during the 3rd quarter worth about $31,000. Paladin Wealth LLC purchased a new position in shares of LPL Financial in the 3rd quarter valued at about $34,000. Brooklyn Investment Group acquired a new position in LPL Financial in the 3rd quarter worth about $43,000. First Horizon Advisors Inc. boosted its position in LPL Financial by 32.3% during the third quarter. First Horizon Advisors Inc. now owns 385 shares of the financial services provider’s stock worth $90,000 after purchasing an additional 94 shares in the last quarter. Finally, Quarry LP grew its holdings in LPL Financial by 45.3% in the second quarter. Quarry LP now owns 327 shares of the financial services provider’s stock valued at $91,000 after purchasing an additional 102 shares during the period. Institutional investors and hedge funds own 95.66% of the company’s stock.

Insider Transactions at LPL Financial

In other news, Director Aneri Jambusaria sold 305 shares of LPL Financial stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $331.94, for a total transaction of $101,241.70. Following the completion of the transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.00% of the company’s stock.

LPL Financial Announces Dividend

The business 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. The ex-dividend date was Thursday, November 14th. This represents a $1.20 annualized dividend and a dividend yield of 0.34%. LPL Financial’s dividend payout ratio (DPR) is presently 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.