Jefferies Financial Group Weighs in on LPL Financial Holdings Inc.’s Q1 2022 Earnings (NASDAQ:LPLA)

LPL Financial Holdings Inc. (NASDAQ:LPLAGet Rating) – Equities researchers at Jefferies Financial Group reduced their Q1 2022 EPS estimates for LPL Financial in a research report issued on Monday, April 11th. Jefferies Financial Group analyst G. O’hara now forecasts that the financial services provider will post earnings of $1.97 per share for the quarter, down from their prior forecast of $2.07. Jefferies Financial Group also issued estimates for LPL Financial’s Q2 2022 earnings at $2.54 EPS, Q3 2022 earnings at $2.68 EPS, Q4 2022 earnings at $2.94 EPS and FY2022 earnings at $10.12 EPS.

A number of other brokerages have also recently issued reports on LPLA. UBS Group reduced their price objective on shares of LPL Financial from $195.00 to $193.00 and set a “buy” rating on the stock in a research note on Tuesday, January 4th. Morgan Stanley cut their target price on shares of LPL Financial from $253.00 to $246.00 and set an “overweight” rating on the stock in a report on Friday, February 4th. Bank of America assumed coverage on shares of LPL Financial in a report on Thursday, December 16th. They issued a “neutral” rating and a $184.00 target price on the stock. Citigroup increased their target price on shares of LPL Financial from $243.00 to $258.00 in a report on Friday, February 4th. Finally, StockNews.com assumed coverage on shares of LPL Financial in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, LPL Financial currently has a consensus rating of “Buy” and a consensus price target of $197.22.

Shares of LPLA stock opened at $200.32 on Tuesday. LPL Financial has a 52-week low of $127.03 and a 52-week high of $200.71. The stock has a market cap of $16.02 billion, a PE ratio of 35.58, a PEG ratio of 0.63 and a beta of 1.02. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.75 and a current ratio of 1.75. The firm’s 50 day moving average price is $178.40 and its two-hundred day moving average price is $170.35.

LPL Financial (NASDAQ:LPLAGet Rating) last announced its quarterly earnings data on Thursday, February 3rd. The financial services provider reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.09. LPL Financial had a net margin of 5.96% and a return on equity of 36.57%. The firm had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.05 billion. During the same period last year, the firm earned $1.53 earnings per share.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 29th. Investors of record on Tuesday, March 15th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, March 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.50%. LPL Financial’s payout ratio is 17.76%.

In other LPL Financial news, Director Matthew Enyedi sold 1,900 shares of LPL Financial stock in a transaction on Monday, March 14th. The shares were sold at an average price of $159.25, for a total value of $302,575.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director William Francis Glavin, Jr. purchased 1,760 shares of the stock in a transaction on Tuesday, March 8th. The stock was acquired at an average price of $141.59 per share, for a total transaction of $249,198.40. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 150,890 shares of company stock worth $27,336,818. 1.90% of the stock is currently owned by company insiders.

A number of hedge funds have recently modified their holdings of the business. Nordea Investment Management AB increased its stake in LPL Financial by 0.9% in the 1st quarter. Nordea Investment Management AB now owns 89,167 shares of the financial services provider’s stock valued at $16,772,000 after buying an additional 818 shares during the last quarter. American Trust bought a new position in shares of LPL Financial in the 4th quarter valued at about $708,000. Norges Bank bought a new position in shares of LPL Financial in the 4th quarter valued at about $112,643,000. Walleye Capital LLC grew its position in shares of LPL Financial by 130.4% in the 4th quarter. Walleye Capital LLC now owns 6,765 shares of the financial services provider’s stock valued at $1,083,000 after acquiring an additional 3,829 shares during the period. Finally, Quent Capital LLC bought a new position in shares of LPL Financial in the 4th quarter valued at about $105,000. Hedge funds and other institutional investors own 98.74% of the company’s stock.

About LPL Financial (Get Rating)

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 financial institutions in the United States. Its brokerage offerings include variable and fixed annuities, mutual funds, equities, retirement and education savings plans, fixed income, and insurance, as well as alternative investments, such as non-traded real estate investment trusts and auction rate notes.

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