Zacks Research Predicts Stronger Earnings for LPL Financial

LPL Financial Holdings Inc. (NASDAQ:LPLA - Free Report) - Equities research analysts at Zacks Research lifted their Q3 2025 earnings per share estimates for shares of LPL Financial in a report issued on Friday, April 4th. Zacks Research analyst R. Department now forecasts that the financial services provider will post earnings of $4.82 per share for the quarter, up from their previous estimate of $4.75. The consensus estimate for LPL Financial's current full-year earnings is $19.35 per share. Zacks Research also issued estimates for LPL Financial's FY2025 earnings at $18.93 EPS, Q1 2026 earnings at $5.40 EPS, Q2 2026 earnings at $5.86 EPS, Q3 2026 earnings at $6.21 EPS, FY2026 earnings at $23.47 EPS and Q1 2027 earnings at $7.08 EPS.

LPLA has been the topic of several other research reports. JMP Securities dropped their price target on LPL Financial from $435.00 to $420.00 and set a "market outperform" rating on the stock in a research note on Tuesday. TD Cowen raised LPL Financial from a "hold" rating to a "buy" rating and lifted their target price for the company from $277.00 to $413.00 in a research report on Thursday, December 19th. JPMorgan Chase & Co. upped their price target on LPL Financial from $397.00 to $405.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. Citigroup decreased their price target on shares of LPL Financial from $415.00 to $400.00 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of LPL Financial from $390.00 to $405.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st. One analyst has rated the stock with a sell rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat.com, LPL Financial has a consensus rating of "Moderate Buy" and an average target price of $369.83.

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LPL Financial Stock Up 3.3 %

LPLA traded up $9.89 during trading on Monday, hitting $311.42. The company had a trading volume of 789,293 shares, compared to its average volume of 821,623. The company has a market capitalization of $24.71 billion, a PE ratio of 22.18, a PEG ratio of 0.94 and a beta of 0.64. The company has a quick ratio of 2.16, a current ratio of 2.16 and a debt-to-equity ratio of 1.60. LPL Financial has a one year low of $187.19 and a one year high of $384.04. The firm's 50-day moving average price is $340.03 and its 200 day moving average price is $319.00.

LPL Financial (NASDAQ:LPLA - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The financial services provider reported $4.25 earnings per share for the quarter, beating the consensus estimate of $4.01 by $0.24. LPL Financial had a net margin of 8.55% and a return on equity of 49.41%.

Institutional Trading of LPL Financial

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Gateway Investment Advisers LLC raised its holdings in LPL Financial by 10.7% in the 1st quarter. Gateway Investment Advisers LLC now owns 3,178 shares of the financial services provider's stock valued at $1,040,000 after acquiring an additional 307 shares during the period. Impact Capital Partners LLC increased its stake in shares of LPL Financial by 2.0% during the first quarter. Impact Capital Partners LLC now owns 2,942 shares of the financial services provider's stock worth $962,000 after purchasing an additional 59 shares during the period. Horizon Wealth Management LLC increased its stake in shares of LPL Financial by 8.7% during the first quarter. Horizon Wealth Management LLC now owns 675 shares of the financial services provider's stock worth $221,000 after purchasing an additional 54 shares during the period. Procyon Advisors LLC acquired a new stake in LPL Financial during the 1st quarter worth approximately $625,000. Finally, Thrive Wealth Management LLC boosted its stake in LPL Financial by 13.6% in the 1st quarter. Thrive Wealth Management LLC now owns 1,404 shares of the financial services provider's stock valued at $459,000 after purchasing an additional 168 shares during the period. Institutional investors own 95.66% of the company's stock.

Insider Activity

In other LPL Financial news, Director Marc Eliot Cohen sold 1,100 shares of LPL Financial stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $365.85, for a total transaction of $402,435.00. Following the completion of the transaction, the director now directly owns 4,075 shares of the company's stock, valued at $1,490,838.75. The trade was a 21.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Matthew J. Audette sold 28,777 shares of the company's stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $365.14, for a total transaction of $10,507,633.78. Following the completion of the transaction, the chief financial officer now owns 13,663 shares in the company, valued at approximately $4,988,907.82. This represents a 67.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 34,465 shares of company stock valued at $12,562,070 in the last quarter. Company insiders own 1.30% of the company's stock.

LPL Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date of this dividend was Tuesday, March 11th. LPL Financial's dividend payout ratio (DPR) is presently 8.55%.

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.