LPL Financial (LPLA) to Release Earnings on Tuesday

LPL Financial (NASDAQ:LPLA) will be releasing its earnings data after the market closes on Tuesday, April 30th. Analysts expect LPL Financial to post earnings of $3.79 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

LPL Financial (NASDAQ:LPLA) last issued its quarterly earnings data on Thursday, February 1st. The financial services provider reported $3.51 earnings per share for the quarter, topping the consensus estimate of $3.33 by $0.18. LPL Financial had a net margin of 10.61% and a return on equity of 57.68%. The business had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.55 billion. During the same quarter in the previous year, the firm earned $4.21 EPS. The company’s revenue was up 13.3% compared to the same quarter last year. On average, analysts expect LPL Financial to post $16 EPS for the current fiscal year and $19 EPS for the next fiscal year.

LPL Financial Price Performance

Shares of LPLA opened at $264.29 on Tuesday. The firm has a fifty day moving average price of $263.14 and a 200 day moving average price of $241.11. The stock has a market cap of $19.74 billion, a PE ratio of 19.36, a price-to-earnings-growth ratio of 1.27 and a beta of 0.84. LPL Financial has a 1-year low of $179.00 and a 1-year high of $274.35. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.77 and a quick ratio of 1.77.

LPL Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Tuesday, March 12th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.45%. The ex-dividend date of this dividend was Monday, March 11th. LPL Financial’s payout ratio is currently 8.79%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on LPLA. Barclays increased their target price on shares of LPL Financial from $302.00 to $312.00 and gave the stock an “overweight” rating in a research note on Monday, April 8th. UBS Group boosted their target price on LPL Financial from $260.00 to $267.00 and gave the company a “neutral” rating in a report on Wednesday, February 14th. JPMorgan Chase & Co. increased their price target on LPL Financial from $254.00 to $260.00 and gave the stock a “neutral” rating in a report on Tuesday, April 2nd. Raymond James began coverage on shares of LPL Financial in a research report on Thursday, April 4th. They issued an “underperform” rating on the stock. Finally, TD Cowen upped their price objective on shares of LPL Financial from $266.00 to $269.00 and gave the stock a “market perform” rating in a research report on Friday, March 22nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, LPL Financial has an average rating of “Hold” and an average target price of $268.36.

Insider Buying and Selling at LPL Financial

In other LPL Financial news, Director Matthew Enyedi sold 1,381 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $256.94, for a total transaction of $354,834.14. Following the completion of the sale, the director now owns 8,634 shares in the company, valued at approximately $2,218,419.96. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other LPL Financial news, Director Matthew Enyedi sold 1,381 shares of the stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $256.94, for a total transaction of $354,834.14. Following the transaction, the director now directly owns 8,634 shares in the company, valued at approximately $2,218,419.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kabir Sethi sold 1,300 shares of LPL Financial stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $266.50, for a total value of $346,450.00. Following the completion of the transaction, the director now owns 10,245 shares of the company’s stock, valued at $2,730,292.50. The disclosure for this sale can be found here. Insiders sold a total of 60,151 shares of company stock valued at $15,911,088 in the last ninety days. 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.