LPL Financial Holdings Inc. (NASDAQ:LPLA - Free Report) - Research analysts at William Blair lowered their Q4 2024 earnings per share estimates for LPL Financial in a research note issued to investors on Thursday, October 31st. William Blair analyst J. Schmitt now expects that the financial services provider will post earnings per share of $3.95 for the quarter, down from their previous estimate of $3.98. The consensus estimate for LPL Financial's current full-year earnings is $15.71 per share. William Blair also issued estimates for LPL Financial's FY2025 earnings at $18.30 EPS.
LPLA has been the topic of several other reports. Bank of America upgraded LPL Financial from a "neutral" rating to a "buy" rating and set a $268.00 target price on the stock in a report on Tuesday, July 30th. The Goldman Sachs Group boosted their target price on shares of LPL Financial from $271.00 to $305.00 and gave the stock a "buy" rating in a research report on Friday. StockNews.com raised shares of LPL Financial from a "sell" rating to a "hold" rating in a report on Thursday. JPMorgan Chase & Co. boosted their price objective on shares of LPL Financial from $261.00 to $268.00 and gave the stock a "neutral" rating in a report on Thursday, July 11th. Finally, Jefferies Financial Group dropped their target price on LPL Financial from $309.00 to $282.00 and set a "buy" rating on the stock in a research report on Friday, October 4th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, LPL Financial presently has an average rating of "Moderate Buy" and an average price target of $286.92.
Read Our Latest Research Report on LPL Financial
LPL Financial Trading Down 0.5 %
LPLA traded down $1.37 during trading on Friday, hitting $280.81. 1,022,141 shares of the company's stock were exchanged, compared to its average volume of 738,729. The stock has a 50 day moving average price of $234.24 and a 200 day moving average price of $248.48. LPL Financial has a 1 year low of $187.19 and a 1 year high of $291.67. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 1.77. The firm has a market cap of $20.99 billion, a P/E ratio of 21.12, a price-to-earnings-growth ratio of 1.43 and a beta of 0.88.
LPL Financial (NASDAQ:LPLA - Get Free Report) last posted its quarterly earnings data 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 52.08%. The company had revenue of $3.11 billion during the quarter, compared to the consensus estimate of $3.04 billion. During the same quarter in the prior year, the company posted $3.74 EPS. The company's quarterly revenue was up 6.0% compared to the same quarter last year.
Institutional Trading of LPL Financial
Several hedge funds and other institutional investors have recently bought and sold shares of LPLA. Ashton Thomas Private Wealth LLC acquired a new stake in shares of LPL Financial during the 2nd quarter worth approximately $25,000. Key Financial Inc bought a new position in LPL Financial in the second quarter worth $28,000. Paladin Wealth LLC acquired a new stake in LPL Financial during the third quarter worth $34,000. Crewe Advisors LLC boosted its stake in LPL Financial by 360.7% during the second quarter. Crewe Advisors LLC now owns 129 shares of the financial services provider's stock worth $36,000 after buying an additional 101 shares in the last quarter. Finally, Tortoise Investment Management LLC raised its stake in shares of LPL Financial by 74.7% in the 2nd quarter. Tortoise Investment Management LLC now owns 131 shares of the financial services provider's stock valued at $37,000 after buying an additional 56 shares in the last quarter. 95.66% of the stock is currently owned by institutional investors and hedge funds.
LPL Financial Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Thursday, November 14th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.43%. The ex-dividend date of this dividend is Thursday, November 14th. LPL Financial's payout ratio is currently 9.02%.
LPL Financial Company Profile
(
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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.
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