Brokers Offer Predictions for LPL Financial Holdings Inc.'s Q3 2024 Earnings (NASDAQ:LPLA)

LPL Financial Holdings Inc. (NASDAQ:LPLA - Free Report) - Analysts at Zacks Research cut their Q3 2024 EPS estimates for LPL Financial in a note issued to investors on Friday, July 12th. Zacks Research analyst R. Department now anticipates that the financial services provider will post earnings per share of $3.79 for the quarter, down from their previous forecast of $3.80. The consensus estimate for LPL Financial's current full-year earnings is $15.75 per share. Zacks Research also issued estimates for LPL Financial's Q3 2025 earnings at $4.85 EPS, FY2025 earnings at $19.28 EPS, Q2 2026 earnings at $5.42 EPS and FY2026 earnings at $22.75 EPS.

A number of other research firms have also issued reports on LPLA. Barclays lowered their target price on shares of LPL Financial from $319.00 to $313.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 10th. Morgan Stanley upgraded LPL Financial from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $254.00 to $315.00 in a research note on Tuesday, April 9th. Raymond James started coverage on LPL Financial in a research note on Thursday, April 4th. They set an "underperform" rating for the company. TD Cowen lifted their price target on LPL Financial from $271.00 to $279.00 and gave the stock a "hold" rating in a research report on Monday, July 8th. Finally, JPMorgan Chase & Co. increased their price objective on LPL Financial from $261.00 to $268.00 and gave the company a "neutral" rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $285.20.

LPL Financial Stock Up 0.1 %

Shares of LPL Financial stock traded up $0.29 during midday trading on Monday, reaching $263.95. 1,400,829 shares of the company's stock traded hands, compared to its average volume of 533,062. The company has a market cap of $19.72 billion, a price-to-earnings ratio of 19.94, a price-to-earnings-growth ratio of 1.05 and a beta of 0.90. LPL Financial has a 52 week low of $200.18 and a 52 week high of $289.88. The company's 50 day simple moving average is $276.22 and its 200 day simple moving average is $262.55. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.84 and a current ratio of 1.84.

LPL Financial (NASDAQ:LPLA - Get Free Report) last released its quarterly earnings data on Tuesday, April 30th. The financial services provider reported $4.21 EPS for the quarter, topping analysts' consensus estimates of $3.77 by $0.44. The firm had revenue of $2.83 billion for the quarter, compared to the consensus estimate of $2.68 billion. LPL Financial had a return on equity of 55.22% and a net margin of 9.71%.

Institutional Trading of LPL Financial

Hedge funds and other institutional investors have recently made changes to their positions in the business. DGS Capital Management LLC raised its stake in LPL Financial by 2.8% in the 1st quarter. DGS Capital Management LLC now owns 1,625 shares of the financial services provider's stock valued at $429,000 after acquiring an additional 44 shares during the period. Oliver Luxxe Assets LLC lifted its stake in shares of LPL Financial by 0.6% in the 4th quarter. Oliver Luxxe Assets LLC now owns 8,152 shares of the financial services provider's stock valued at $1,856,000 after acquiring an additional 48 shares during the last quarter. CWM LLC boosted its stake in shares of LPL Financial by 6.0% during the fourth quarter. CWM LLC now owns 985 shares of the financial services provider's stock valued at $224,000 after purchasing an additional 56 shares in the last quarter. Gulf International Bank UK Ltd lifted its holdings in shares of LPL Financial by 0.9% during the first quarter. Gulf International Bank UK Ltd now owns 6,410 shares of the financial services provider's stock worth $1,693,000 after purchasing an additional 60 shares during the period. Finally, LVW Advisors LLC lifted its holdings in LPL Financial by 1.9% during the 1st quarter. LVW Advisors LLC now owns 3,245 shares of the financial services provider's stock worth $857,000 after buying an additional 61 shares during the period. 95.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at LPL Financial

In related news, CEO Dan H. Arnold sold 5,677 shares of the business's stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $277.31, for a total transaction of $1,574,288.87. Following the completion of the sale, the chief executive officer now directly owns 142,608 shares of the company's stock, valued at $39,546,624.48. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.30% of the stock is currently owned by corporate insiders.

LPL Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 4th. Stockholders of record on Tuesday, May 21st were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, May 20th. This represents a $1.20 annualized dividend and a dividend yield of 0.45%. LPL Financial's dividend payout ratio (DPR) is currently 9.06%.

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.