Zacks Research Predicts Increased Earnings for LPL Financial

LPL Financial Holdings Inc. (NASDAQ:LPLA) – Research analysts at Zacks Research boosted their Q3 2026 earnings estimates for shares of LPL Financial in a research report issued on Monday, September 8th. Zacks Research analyst Team now anticipates that the financial services provider will earn $5.86 per share for the quarter, up from their previous forecast of $5.73. The consensus estimate for LPL Financial’s current full-year earnings is $19.35 per share. Zacks Research also issued estimates for LPL Financial’s Q4 2026 earnings at $5.92 EPS, FY2026 earnings at $22.20 EPS, Q1 2027 earnings at $6.23 EPS, Q2 2027 earnings at $6.80 EPS and FY2027 earnings at $28.67 EPS.

LPL Financial (NASDAQ:LPLA) last posted its earnings results on Thursday, July 31st. The financial services provider reported $4.51 EPS for the quarter, beating the consensus estimate of $4.21 by $0.30. The company had revenue of $3.84 billion for the quarter, compared to the consensus estimate of $3.77 billion. LPL Financial had a return on equity of 39.80% and a net margin of 7.91%.The firm’s revenue for the quarter was up 30.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.88 earnings per share.

A number of other equities research analysts also recently weighed in on the company. Redburn Atlantic raised LPL Financial from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $420.00 to $460.00 in a report on Monday, June 9th. Morgan Stanley reiterated an “overweight” rating and issued a $490.00 price objective (up previously from $450.00) on shares of LPL Financial in a research note on Tuesday, July 15th. Wells Fargo & Company boosted their price objective on shares of LPL Financial from $402.00 to $420.00 and gave the company an “overweight” rating in a report on Friday, July 11th. Citigroup downgraded LPL Financial from a “neutral” rating to a “sell” rating and set a $80.00 price target for the company. in a research note on Wednesday, July 9th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of LPL Financial from $425.00 to $435.00 and gave the stock an “outperform” rating in a research note on Monday, August 4th. Ten research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $383.33.

LPL Financial Stock Performance

LPLA opened at $339.97 on Tuesday. The company has a debt-to-equity ratio of 1.41, a current ratio of 3.22 and a quick ratio of 3.22. The business has a fifty day simple moving average of $369.78 and a 200 day simple moving average of $354.36. LPL Financial has a 1 year low of $204.41 and a 1 year high of $403.58. The company has a market capitalization of $27.20 billion, a PE ratio of 23.25, a price-to-earnings-growth ratio of 0.80 and a beta of 0.66.

Hedge Funds Weigh In On LPL Financial

A number of institutional investors and hedge funds have recently bought and sold shares of LPLA. Vanguard Group Inc. grew its holdings in shares of LPL Financial by 8.3% during the second quarter. Vanguard Group Inc. now owns 7,986,766 shares of the financial services provider’s stock worth $2,994,798,000 after purchasing an additional 613,909 shares during the last quarter. Boston Partners raised its holdings in LPL Financial by 4.7% in the 2nd quarter. Boston Partners now owns 3,679,484 shares of the financial services provider’s stock valued at $1,379,598,000 after buying an additional 165,201 shares during the last quarter. Dodge & Cox boosted its position in LPL Financial by 77.3% during the 2nd quarter. Dodge & Cox now owns 2,701,709 shares of the financial services provider’s stock worth $1,013,060,000 after buying an additional 1,178,249 shares during the period. Kayne Anderson Rudnick Investment Management LLC grew its holdings in LPL Financial by 0.8% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,681,617 shares of the financial services provider’s stock worth $877,264,000 after acquiring an additional 20,881 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in LPL Financial by 61.1% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,442,182 shares of the financial services provider’s stock worth $915,745,000 after acquiring an additional 926,122 shares during the last quarter. Institutional investors and hedge funds own 95.66% of the company’s stock.

Insider Buying and Selling

In other LPL Financial news, Director Aneri Jambusaria sold 80 shares of the business’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $361.25, for a total transaction of $28,900.00. Following the sale, the director owned 5,582 shares of the company’s stock, valued at approximately $2,016,497.50. The trade was a 1.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Greg Gates sold 1,500 shares of the stock in a transaction on Friday, September 5th. The shares were sold at an average price of $338.21, for a total value of $507,315.00. Following the completion of the transaction, the director owned 17,620 shares of the company’s stock, valued at $5,959,260.20. The trade was a 7.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,580 shares of company stock worth $1,671,235. 0.70% of the stock is currently owned by corporate insiders.

LPL Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were issued a $0.30 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.4%. LPL Financial’s dividend payout ratio is 8.21%.

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.