Q4 EPS Estimates for LPL Financial Lifted by William Blair

LPL Financial Holdings Inc. (NASDAQ:LPLA) – Analysts at William Blair lifted their Q4 2024 EPS estimates for LPL Financial in a note issued to investors on Monday, January 13th. William Blair analyst J. Schmitt now anticipates that the financial services provider will earn $4.05 per share for the quarter, up from their prior estimate of $3.95. The consensus estimate for LPL Financial’s current full-year earnings is $16.07 per share. William Blair also issued estimates for LPL Financial’s FY2025 earnings at $20.00 EPS and FY2026 earnings at $23.75 EPS.

LPL Financial (NASDAQ:LPLA) last posted its earnings results on Wednesday, October 30th. The financial services provider reported $4.16 EPS for the quarter, beating analysts’ consensus estimates of $3.69 by $0.47. LPL Financial had a net margin of 8.73% and a return on equity of 49.47%. The company had revenue of $3.11 billion for the quarter, compared to analysts’ expectations of $3.04 billion. During the same quarter in the prior year, the company posted $3.74 earnings per share. LPL Financial’s revenue for the quarter was up 6.0% compared to the same quarter last year.

Several other equities analysts also recently commented on LPLA. JMP Securities restated a “market outperform” rating and issued a $310.00 price target on shares of LPL Financial in a research note on Wednesday, October 9th. Barclays raised their target price on shares of LPL Financial from $378.00 to $379.00 and gave the company an “overweight” rating in a report on Monday. Jefferies Financial Group lowered their price target on shares of LPL Financial from $309.00 to $282.00 and set a “buy” rating for the company in a report on Friday, October 4th. Wells Fargo & Company raised their price objective on shares of LPL Financial from $310.00 to $390.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Finally, UBS Group upgraded shares of LPL Financial from a “neutral” rating to a “buy” rating and set a $390.00 target price for the company in a research note on Monday, January 6th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, LPL Financial presently has an average rating of “Moderate Buy” and a consensus price target of $351.50.

LPL Financial Price Performance

LPLA opened at $338.25 on Thursday. The firm has a market cap of $25.33 billion, a price-to-earnings ratio of 25.43, a PEG ratio of 1.03 and a beta of 0.87. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 1.60. The stock’s 50-day moving average price is $326.06 and its 200 day moving average price is $266.91. LPL Financial has a 12-month low of $187.19 and a 12-month high of $344.86.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. FMR LLC grew its holdings in shares of LPL Financial by 24.4% during the third quarter. FMR LLC now owns 3,322,571 shares of the financial services provider’s stock worth $772,930,000 after buying an additional 650,675 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of LPL Financial by 9.9% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,589,793 shares of the financial services provider’s stock worth $723,329,000 after acquiring an additional 233,242 shares during the period. Geode Capital Management LLC boosted its holdings in shares of LPL Financial by 2.6% in the third quarter. Geode Capital Management LLC now owns 1,436,831 shares of the financial services provider’s stock valued at $333,581,000 after acquiring an additional 36,474 shares in the last quarter. JPMorgan Chase & Co. raised its position in LPL Financial by 27.6% in the third quarter. JPMorgan Chase & Co. now owns 1,275,136 shares of the financial services provider’s stock worth $296,635,000 after acquiring an additional 276,166 shares in the last quarter. Finally, Samlyn Capital LLC lifted its holdings in LPL Financial by 8.0% in the second quarter. Samlyn Capital LLC now owns 1,194,715 shares of the financial services provider’s stock valued at $333,684,000 after acquiring an additional 88,635 shares during the period. 95.66% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Aneri Jambusaria sold 305 shares of LPL Financial stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $331.94, for a total value of $101,241.70. Following 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 sale was disclosed in a legal filing with the SEC, which is available through this link. 1.00% of the stock is currently owned by corporate insiders.

LPL Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Thursday, November 14th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a yield of 0.35%. LPL Financial’s dividend payout ratio is presently 9.02%.

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.