Q4 EPS Estimates for LPL Financial Raised by William Blair

LPL Financial Holdings Inc. (NASDAQ:LPLA - Free Report) - William Blair upped their Q4 2024 earnings per share (EPS) estimates for shares of LPL Financial in a research report issued to clients and investors on Monday, January 13th. William Blair analyst J. Schmitt now anticipates that the financial services provider will post earnings of $4.05 per share for the quarter, up from their previous forecast 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.

Several other equities research analysts also recently weighed in on LPLA. Wells Fargo & Company upped their target price on LPL Financial from $310.00 to $390.00 and gave the stock an "overweight" rating in a research report on Thursday, December 12th. JPMorgan Chase & Co. upgraded shares of LPL Financial from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $288.00 to $397.00 in a research note on Tuesday, January 7th. Keefe, Bruyette & Woods raised their price target on shares of LPL Financial from $325.00 to $390.00 and gave the company an "outperform" rating in a report on Friday, December 20th. Barclays boosted their price objective on shares of LPL Financial from $378.00 to $379.00 and gave the stock an "overweight" rating in a report on Monday. Finally, StockNews.com raised shares of LPL Financial from a "sell" rating to a "hold" rating in a research report on Saturday, November 9th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $351.50.

LPL Financial Stock Up 2.4 %

LPL Financial stock traded up $7.96 during trading on Thursday, reaching $346.21. 560,767 shares of the company's stock were exchanged, compared to its average volume of 529,270. LPL Financial has a 52-week low of $187.19 and a 52-week high of $347.74. The firm has a market cap of $25.92 billion, a price-to-earnings ratio of 26.03, a PEG ratio of 1.03 and a beta of 0.87. The company has a debt-to-equity ratio of 1.60, a quick ratio of 2.16 and a current ratio of 2.16. The company's 50-day moving average is $326.88 and its two-hundred day moving average is $267.46.

LPL Financial (NASDAQ:LPLA - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $4.16 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $3.04 billion. During the same period in the previous year, the firm earned $3.74 earnings per share. LPL Financial's revenue for the quarter was up 6.0% on a year-over-year basis.

LPL Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Thursday, November 14th were issued a $0.30 dividend. The ex-dividend date was Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.35%. LPL Financial's dividend payout ratio (DPR) is 9.02%.

Insider Activity

In other news, Director Aneri Jambusaria sold 305 shares of LPL Financial stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $331.94, for a total value of $101,241.70. Following the completion of the transaction, the director now directly owns 3,920 shares of the company's stock, valued at approximately $1,301,204.80. The trade was a 7.22 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.00% of the company's stock.

Hedge Funds Weigh In On LPL Financial

A number of large investors have recently bought and sold shares of the business. FMR LLC raised its position in shares of LPL Financial by 24.4% during the 3rd quarter. FMR LLC now owns 3,322,571 shares of the financial services provider's stock worth $772,930,000 after purchasing an additional 650,675 shares during the period. Kayne Anderson Rudnick Investment Management LLC increased its position in LPL Financial by 9.9% in the second 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 buying an additional 233,242 shares during the period. Geode Capital Management LLC lifted its stake in 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 buying an additional 36,474 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of LPL Financial by 27.6% during the third quarter. JPMorgan Chase & Co. now owns 1,275,136 shares of the financial services provider's stock valued at $296,635,000 after acquiring an additional 276,166 shares during the period. Finally, Samlyn Capital LLC grew its position in shares of LPL Financial by 8.0% during the second quarter. Samlyn Capital LLC now owns 1,194,715 shares of the financial services provider's stock worth $333,684,000 after acquiring an additional 88,635 shares during the last quarter. Institutional investors own 95.66% of the company's stock.

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.