Q4 EPS Estimates for LPL Financial Decreased by Analyst

LPL Financial Holdings Inc. (NASDAQ:LPLA) – Equities researchers at Zacks Research decreased their Q4 2025 earnings per share (EPS) estimates for shares of LPL Financial in a report released on Thursday, November 20th. Zacks Research analyst Team now expects that the financial services provider will earn $4.51 per share for the quarter, down from their prior estimate of $4.67. The consensus estimate for LPL Financial’s current full-year earnings is $19.35 per share. Zacks Research also issued estimates for LPL Financial’s Q3 2026 earnings at $5.84 EPS, Q1 2027 earnings at $5.52 EPS, Q2 2027 earnings at $5.90 EPS and Q3 2027 earnings at $6.55 EPS.

LPL Financial (NASDAQ:LPLA) last posted its quarterly earnings data on Thursday, October 30th. The financial services provider reported $5.20 EPS for the quarter, beating the consensus estimate of $4.49 by $0.71. The business had revenue of $4.55 billion for the quarter, compared to analysts’ expectations of $4.08 billion. LPL Financial had a net margin of 5.35% and a return on equity of 36.80%. The firm’s revenue was up 46.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.16 EPS.

A number of other equities research analysts have also issued reports on the company. JPMorgan Chase & Co. dropped their target price on LPL Financial from $463.00 to $438.00 and set an “overweight” rating on the stock in a research report on Monday, October 20th. Morgan Stanley decreased their price target on shares of LPL Financial from $490.00 to $462.00 and set an “overweight” rating for the company in a research note on Wednesday, October 1st. Rothschild & Co Redburn downgraded shares of LPL Financial from a “buy” rating to a “neutral” rating and set a $390.00 price objective on the stock. in a report on Friday, September 19th. Rothschild Redb cut shares of LPL Financial from a “strong-buy” rating to a “hold” rating in a report on Friday, September 19th. Finally, TD Cowen raised their target price on shares of LPL Financial from $356.00 to $410.00 and gave the company a “hold” rating in a research note on Monday, November 3rd. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, LPL Financial currently has a consensus rating of “Moderate Buy” and an average price target of $429.00.

LPL Financial Stock Performance

Shares of LPL Financial stock opened at $348.40 on Monday. The company has a debt-to-equity ratio of 1.49, a current ratio of 2.60 and a quick ratio of 2.60. The firm has a market cap of $27.89 billion, a price-to-earnings ratio of 32.08, a price-to-earnings-growth ratio of 0.76 and a beta of 0.63. The stock’s 50-day moving average is $343.98 and its 200-day moving average is $361.87. LPL Financial has a one year low of $262.83 and a one year high of $403.58.

LPL Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Thursday, November 13th will be given a $0.30 dividend. The ex-dividend date is Thursday, November 13th. This represents a $1.20 annualized dividend and a yield of 0.3%. LPL Financial’s dividend payout ratio (DPR) is currently 11.05%.

Insider Transactions at LPL Financial

In other news, Director Greg Gates sold 1,500 shares of the business’s stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $376.43, for a total transaction of $564,645.00. Following the sale, the director directly owned 15,370 shares in the company, valued at approximately $5,785,729.10. The trade was a 8.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Aneri Jambusaria sold 80 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $361.25, for a total transaction of $28,900.00. Following the completion of the transaction, the director owned 5,582 shares of the company’s stock, valued at approximately $2,016,497.50. This trade represents a 1.41% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 3,830 shares of company stock worth $1,336,675 over the last three months. Insiders own 0.70% of the company’s stock.

Institutional Trading of LPL Financial

Several institutional investors have recently modified their holdings of the business. Kestra Private Wealth Services LLC bought a new stake in shares of LPL Financial in the 1st quarter valued at about $290,000. IFP Advisors Inc increased its position in LPL Financial by 46.8% during the 1st quarter. IFP Advisors Inc now owns 229 shares of the financial services provider’s stock valued at $75,000 after purchasing an additional 73 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH lifted its position in shares of LPL Financial by 5.3% in the 1st quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 21,998 shares of the financial services provider’s stock worth $7,196,000 after purchasing an additional 1,106 shares during the period. AE Wealth Management LLC lifted its position in shares of LPL Financial by 83.2% in the 1st quarter. AE Wealth Management LLC now owns 5,546 shares of the financial services provider’s stock worth $1,814,000 after purchasing an additional 2,519 shares during the period. Finally, Avantax Advisory Services Inc. boosted its stake in shares of LPL Financial by 17.6% in the 1st quarter. Avantax Advisory Services Inc. now owns 2,340 shares of the financial services provider’s stock valued at $766,000 after purchasing an additional 351 shares during the last quarter. Institutional investors 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.