LPL Financial (LPLA) Scheduled to Post Earnings on Thursday

LPL Financial (NASDAQ:LPLAGet Rating) is set to release its earnings data after the market closes on Thursday, April 28th. Analysts expect LPL Financial to post earnings of $1.97 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

LPL Financial (NASDAQ:LPLAGet Rating) last released its quarterly earnings data on Thursday, February 3rd. The financial services provider reported $1.63 EPS for the quarter, beating analysts’ consensus estimates of $1.54 by $0.09. The business had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.05 billion. LPL Financial had a return on equity of 36.57% and a net margin of 5.96%. During the same quarter in the prior year, the company posted $1.53 earnings per share. On average, analysts expect LPL Financial to post $10 EPS for the current fiscal year and $15 EPS for the next fiscal year.

NASDAQ LPLA opened at $217.90 on Thursday. The stock has a 50-day simple moving average of $182.68 and a 200 day simple moving average of $172.84. The company has a market capitalization of $17.44 billion, a PE ratio of 38.70, a P/E/G ratio of 0.68 and a beta of 1.02. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 1.68. LPL Financial has a 12 month low of $127.03 and a 12 month high of $220.35.

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 $0.25 dividend. The ex-dividend date was Monday, March 14th. This represents a $1.00 dividend on an annualized basis and a yield of 0.46%. LPL Financial’s dividend payout ratio is presently 17.76%.

A number of equities research analysts recently commented on LPLA shares. Citigroup upped their price objective on LPL Financial from $225.00 to $270.00 and gave the company a “buy” rating in a report on Thursday, April 14th. Morgan Stanley increased their price target on LPL Financial from $246.00 to $263.00 and gave the stock an “overweight” rating in a report on Wednesday, April 13th. JMP Securities upgraded LPL Financial from a “market perform” rating to an “outperform” rating and set a $242.00 price target for the company in a report on Thursday, April 7th. UBS Group lowered their price target on LPL Financial from $195.00 to $193.00 and set a “buy” rating for the company in a report on Tuesday, January 4th. Finally, StockNews.com began coverage on LPL Financial in a report on Thursday, March 31st. They issued a “hold” rating for the company. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $217.25.

In related news, Director William Francis Glavin, Jr. purchased 1,760 shares of LPL Financial stock in a transaction that occurred on Tuesday, March 8th. The stock was purchased at an average cost of $141.59 per share, with a total value of $249,198.40. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director George Burton White sold 80,368 shares of the stock in a transaction that occurred on Monday, February 7th. The shares were sold at an average price of $181.18, for a total value of $14,561,074.24. The disclosure for this sale can be found here. Insiders have sold 150,890 shares of company stock valued at $27,336,818 over the last ninety days. 1.90% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. JustInvest LLC lifted its position in shares of LPL Financial by 13.2% in the fourth quarter. JustInvest LLC now owns 4,034 shares of the financial services provider’s stock valued at $646,000 after buying an additional 470 shares during the last quarter. BlackRock Inc. lifted its position in shares of LPL Financial by 1.9% in the fourth quarter. BlackRock Inc. now owns 3,692,832 shares of the financial services provider’s stock valued at $591,186,000 after buying an additional 69,639 shares during the last quarter. William Blair Investment Management LLC lifted its position in shares of LPL Financial by 1.9% in the fourth quarter. William Blair Investment Management LLC now owns 125,004 shares of the financial services provider’s stock valued at $20,012,000 after buying an additional 2,304 shares during the last quarter. NewEdge Advisors LLC acquired a new stake in shares of LPL Financial in the fourth quarter valued at approximately $272,000. Finally, Goldman Sachs Group Inc. lifted its position in shares of LPL Financial by 5.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 265,897 shares of the financial services provider’s stock valued at $42,568,000 after buying an additional 13,503 shares during the last quarter. 98.74% of the stock is owned by institutional investors.

LPL Financial Company Profile (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.

See Also

Earnings History for LPL Financial (NASDAQ:LPLA)

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