Q3 EPS Estimates for LPL Financial Raised by Zacks Research

LPL Financial Holdings Inc. (NASDAQ:LPLA) – Research analysts at Zacks Research boosted their Q3 2027 EPS estimates for shares of LPL Financial in a research report issued on Tuesday, December 16th. Zacks Research analyst Team now expects that the financial services provider will earn $6.80 per share for the quarter, up from their previous forecast of $6.77. The consensus estimate for LPL Financial’s current full-year earnings is $19.35 per share.

A number of other research firms have also weighed in on LPLA. Citigroup restated an “outperform” rating on shares of LPL Financial in a report on Friday, October 31st. Rothschild & Co Redburn lowered LPL Financial from a “buy” rating to a “neutral” rating and set a $390.00 price target for the company. in a research report on Friday, September 19th. Raymond James Financial upgraded LPL Financial from an “underperform” rating to a “market perform” rating in a research note on Thursday, October 9th. UBS Group reaffirmed a “neutral” rating and set a $406.00 price objective on shares of LPL Financial in a research report on Thursday, December 11th. Finally, Barclays boosted their target price on shares of LPL Financial from $420.00 to $453.00 and gave the stock an “overweight” rating in a report on Friday, December 12th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, LPL Financial presently has an average rating of “Moderate Buy” and an average price target of $427.86.

LPL Financial Stock Performance

Shares of LPLA stock opened at $352.74 on Wednesday. The firm has a market cap of $28.23 billion, a price-to-earnings ratio of 32.48, a PEG ratio of 0.88 and a beta of 0.60. LPL Financial has a 52-week low of $262.83 and a 52-week high of $403.58. The company has a quick ratio of 2.60, a current ratio of 2.60 and a debt-to-equity ratio of 1.49. The company’s 50 day moving average is $356.54 and its 200 day moving average is $360.39.

LPL Financial (NASDAQ:LPLA) last posted its quarterly earnings results 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. LPL Financial had a net margin of 5.35% and a return on equity of 36.80%. The business had revenue of $4.55 billion during the quarter, compared to analyst estimates of $4.08 billion. During the same quarter in the previous year, the business posted $4.16 EPS. The company’s quarterly revenue was up 46.4% compared to the same quarter last year.

Institutional Investors Weigh In On LPL Financial

A number of institutional investors have recently modified their holdings of LPLA. Hudson Bay Capital Management LP raised its holdings in LPL Financial by 7.6% in the 3rd quarter. Hudson Bay Capital Management LP now owns 99,118 shares of the financial services provider’s stock worth $32,976,000 after purchasing an additional 7,042 shares during the period. Lynwood Price Capital Management LP grew its position in shares of LPL Financial by 9.3% in the third quarter. Lynwood Price Capital Management LP now owns 59,000 shares of the financial services provider’s stock valued at $19,629,000 after purchasing an additional 5,000 shares in the last quarter. Severin Investments LLC purchased a new position in LPL Financial during the third quarter worth about $502,000. Prana Capital Management LP lifted its holdings in LPL Financial by 105.1% in the third quarter. Prana Capital Management LP now owns 8,607 shares of the financial services provider’s stock valued at $2,863,000 after acquiring an additional 4,410 shares during the last quarter. Finally, CIBC Bancorp USA Inc. acquired a new stake in shares of LPL Financial during the third quarter valued at about $954,000. 95.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at LPL Financial

In other news, Director Greg Gates sold 750 shares of the stock in a transaction on Friday, December 5th. The shares were sold at an average price of $370.97, for a total value of $278,227.50. Following the sale, the director owned 14,620 shares in the company, valued at $5,423,581.40. This represents a 4.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Richard Steinmeier sold 5,058 shares of LPL Financial stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $370.99, for a total value of $1,876,467.42. Following the transaction, the chief executive officer owned 9,326 shares of the company’s stock, valued at $3,459,852.74. The trade was a 35.16% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 8,138 shares of company stock worth $2,983,353. Insiders own 1.30% of the company’s stock.

LPL Financial Announces Dividend

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

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.