FY2024 EPS Estimates for LPL Financial Increased by Analyst

LPL Financial Holdings Inc. (NASDAQ:LPLA) – Research analysts at Zacks Research raised their FY2024 earnings estimates for shares of LPL Financial in a note issued to investors on Tuesday, January 21st. Zacks Research analyst R. Department now expects that the financial services provider will post earnings per share of $16.05 for the year, up from their prior estimate of $15.87. The consensus estimate for LPL Financial’s current full-year earnings is $16.12 per share. Zacks Research also issued estimates for LPL Financial’s Q1 2026 earnings at $5.04 EPS and Q2 2026 earnings at $5.53 EPS.

Several other equities research analysts also recently weighed in on the stock. The Goldman Sachs Group increased their target price on shares of LPL Financial from $271.00 to $305.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Barclays increased their price objective on shares of LPL Financial from $378.00 to $379.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Jefferies Financial Group decreased their price objective on shares of LPL Financial from $309.00 to $282.00 and set a “buy” rating for the company in a research note on Friday, October 4th. TD Cowen raised LPL Financial from a “hold” rating to a “buy” rating and upped their target price for the company from $277.00 to $413.00 in a research note on Thursday, December 19th. Finally, JMP Securities reissued a “market outperform” rating and set a $310.00 price target on shares of LPL Financial in a research note on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, LPL Financial currently has an average rating of “Moderate Buy” and an average target price of $351.50.

LPL Financial Stock Performance

NASDAQ:LPLA opened at $350.40 on Wednesday. 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 stock’s fifty day moving average is $328.90 and its 200 day moving average is $268.76. The firm has a market capitalization of $26.24 billion, a PE ratio of 26.35, a PEG ratio of 1.07 and a beta of 0.87. LPL Financial has a fifty-two week low of $187.19 and a fifty-two week high of $354.13.

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

LPL Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Thursday, November 14th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.34%. The ex-dividend date of this dividend was Thursday, November 14th. LPL Financial’s dividend payout ratio (DPR) is presently 9.02%.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Ashton Thomas Securities LLC purchased a new stake in shares of LPL Financial in the 3rd quarter worth approximately $31,000. Paladin Wealth LLC purchased a new position in LPL Financial during the third quarter valued at approximately $34,000. Brooklyn Investment Group bought a new position in LPL Financial in the third quarter worth approximately $43,000. First Horizon Advisors Inc. lifted its holdings in LPL Financial by 32.3% during the third quarter. First Horizon Advisors Inc. now owns 385 shares of the financial services provider’s stock worth $90,000 after buying an additional 94 shares during the period. Finally, Quarry LP boosted its position in LPL Financial by 45.3% during the 2nd quarter. Quarry LP now owns 327 shares of the financial services provider’s stock valued at $91,000 after acquiring an additional 102 shares in the last quarter. 95.66% of the stock is currently owned by institutional investors.

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.