FY2024 EPS Estimates for LPL Financial Increased by Analyst

LPL Financial Holdings Inc. (NASDAQ:LPLA) – Stock analysts at William Blair lifted their FY2024 EPS estimates for shares of LPL Financial in a report issued on Thursday, October 31st. William Blair analyst J. Schmitt now expects that the financial services provider will post earnings of $16.20 per share for the year, up from their prior estimate of $15.74. The consensus estimate for LPL Financial’s current full-year earnings is $15.77 per share. William Blair also issued estimates for LPL Financial’s Q1 2025 earnings at $4.62 EPS, Q2 2025 earnings at $4.40 EPS, Q3 2025 earnings at $4.56 EPS and Q4 2025 earnings at $4.72 EPS.

LPL Financial (NASDAQ:LPLA) last posted its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $4.16 EPS for the quarter, beating analysts’ consensus estimates of $3.69 by $0.47. LPL Financial had a net margin of 8.73% and a return on equity of 52.08%. The company had revenue of $3.11 billion during the quarter, compared to analyst estimates of $3.04 billion. During the same period in the prior year, the business posted $3.74 EPS. The firm’s revenue was up 6.0% compared to the same quarter last year.

Several other analysts have also commented on LPLA. The Goldman Sachs Group raised their price objective on shares of LPL Financial from $271.00 to $305.00 and gave the stock a “buy” rating in a report on Friday. Keefe, Bruyette & Woods lowered their target price on LPL Financial from $326.00 to $315.00 and set an “outperform” rating for the company in a research note on Friday, July 26th. TD Cowen upped their price target on LPL Financial from $271.00 to $277.00 and gave the stock a “hold” rating in a research note on Thursday. UBS Group increased their price objective on LPL Financial from $215.00 to $250.00 and gave the stock a “neutral” rating in a report on Tuesday, October 8th. Finally, Morgan Stanley upped their target price on shares of LPL Financial from $303.00 to $309.00 and gave the stock an “overweight” rating in a research report on Thursday, October 17th. One analyst has rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, LPL Financial presently has a consensus rating of “Moderate Buy” and a consensus target price of $286.92.

LPL Financial Price Performance

LPLA opened at $280.81 on Monday. The stock’s 50 day moving average price is $235.38 and its 200-day moving average price is $248.52. LPL Financial has a 52-week low of $187.19 and a 52-week high of $291.67. The stock has a market capitalization of $20.99 billion, a PE ratio of 21.11, a price-to-earnings-growth ratio of 1.52 and a beta of 0.85. The company has a debt-to-equity ratio of 1.77, a quick ratio of 2.16 and a current ratio of 2.16.

LPL Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Thursday, November 14th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date of this dividend is Thursday, November 14th. LPL Financial’s payout ratio is 9.02%.

Institutional Investors Weigh In On LPL Financial

Institutional investors and hedge funds have recently bought and sold shares of the business. XML Financial LLC grew its holdings in LPL Financial by 4.1% during the 3rd quarter. XML Financial LLC now owns 2,278 shares of the financial services provider’s stock valued at $530,000 after buying an additional 89 shares in the last quarter. Bridges Investment Management Inc. raised its position in LPL Financial by 3.2% in the 3rd quarter. Bridges Investment Management Inc. now owns 1,185 shares of the financial services provider’s stock worth $276,000 after purchasing an additional 37 shares during the period. Markel Group Inc. raised its holdings in shares of LPL Financial by 8.0% in the third quarter. Markel Group Inc. now owns 520,404 shares of the financial services provider’s stock worth $121,062,000 after buying an additional 38,613 shares during the period. AEGON ASSET MANAGEMENT UK Plc lifted its stake in shares of LPL Financial by 0.9% during the 3rd quarter. AEGON ASSET MANAGEMENT UK Plc now owns 62,342 shares of the financial services provider’s stock worth $14,508,000 after acquiring an additional 533 shares during the last quarter. Finally, Portside Wealth Group LLC boosted its holdings in LPL Financial by 13.5% during the 3rd quarter. Portside Wealth Group LLC now owns 933 shares of the financial services provider’s stock valued at $217,000 after acquiring an additional 111 shares during the period. 95.66% of the stock is 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.