Brokerages Expect LPL Financial Holdings Inc (LPLA) to Announce $0.68 Earnings Per Share

Equities research analysts predict that LPL Financial Holdings Inc (NASDAQ:LPLA) will post $0.68 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for LPL Financial’s earnings. The lowest EPS estimate is $0.64 and the highest is $0.73. LPL Financial posted earnings per share of $0.66 in the same quarter last year, which would indicate a positive year-over-year growth rate of 3%. The business is expected to issue its next quarterly earnings report on Thursday, April 26th.

On average, analysts expect that LPL Financial will report full year earnings of $3.78 per share for the current fiscal year, with EPS estimates ranging from $3.35 to $4.00. For the next financial year, analysts anticipate that the company will report earnings of $4.85 per share, with EPS estimates ranging from $4.64 to $5.15. Zacks’ EPS averages are a mean average based on a survey of research analysts that cover LPL Financial.

Several analysts recently weighed in on LPLA shares. Citigroup upped their price target on LPL Financial from $63.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday, November 10th. Nomura upped their price target on LPL Financial from $64.00 to $65.00 and gave the stock a “buy” rating in a research note on Thursday, November 9th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $66.00 price target on shares of LPL Financial in a research note on Friday, December 22nd. SunTrust Banks restated a “buy” rating and issued a $65.00 price target on shares of LPL Financial in a research note on Friday, October 27th. Finally, Zacks Investment Research upgraded LPL Financial from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a research note on Thursday, October 26th. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $66.00.

In other LPL Financial news, CEO Dan H. Arnold sold 3,742 shares of the stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $48.54, for a total transaction of $181,636.68. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider John Andrew Kalbaugh sold 10,000 shares of the stock in a transaction on Monday, February 5th. The shares were sold at an average price of $62.61, for a total value of $626,100.00. Following the sale, the insider now owns 38,050 shares in the company, valued at $2,382,310.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 33,742 shares of company stock worth $2,062,537. Company insiders own 4.00% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. American International Group Inc. purchased a new stake in LPL Financial during the 4th quarter valued at $119,000. Cerebellum GP LLC purchased a new stake in LPL Financial during the 4th quarter valued at $122,000. The Manufacturers Life Insurance Company boosted its stake in LPL Financial by 8.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,794 shares of the financial services provider’s stock valued at $119,000 after purchasing an additional 211 shares during the last quarter. FNY Partners Fund LP purchased a new stake in LPL Financial during the 4th quarter valued at $228,000. Finally, Comerica Bank purchased a new stake in LPL Financial during the 3rd quarter valued at $200,000. Institutional investors and hedge funds own 90.32% of the company’s stock.

LPL Financial (NASDAQ:LPLA) traded up $1.94 during trading on Friday, hitting $62.23. The company had a trading volume of 1,343,241 shares, compared to its average volume of 1,016,781. The company has a debt-to-equity ratio of 2.54, a current ratio of 1.48 and a quick ratio of 1.48. The stock has a market cap of $5,612.52, a P/E ratio of 24.12, a P/E/G ratio of 1.10 and a beta of 1.74. LPL Financial has a 52 week low of $37.38 and a 52 week high of $64.71.

LPL Financial announced that its Board of Directors has approved a stock repurchase plan on Tuesday, December 5th that allows the company to buyback $359.00 million in outstanding shares. This buyback authorization allows the financial services provider to repurchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

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About LPL Financial

LPL Financial Holdings Inc is a broker-dealer, a custodian for registered investment advisors and an independent consultant to retirement plans. The Company provides a platform of brokerage and investment advisory services to independent financial advisors, including financial advisors at financial institutions across the country.

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Earnings History and Estimates for LPL Financial (NASDAQ:LPLA)

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