Zacks Research Expects Increased Earnings for LPL Financial

LPL Financial Holdings Inc. (NASDAQ:LPLA) – Research analysts at Zacks Research lifted their Q4 2024 earnings per share (EPS) estimates for LPL Financial in a report released on Tuesday, January 21st. Zacks Research analyst R. Department now forecasts that the financial services provider will earn $3.80 per share for the quarter, up from their previous estimate of $3.62. The consensus estimate for LPL Financial’s current full-year earnings is $16.17 per share. Zacks Research also issued estimates for LPL Financial’s Q1 2025 earnings at $4.35 EPS, Q2 2025 earnings at $4.50 EPS, Q3 2025 earnings at $4.69 EPS, Q4 2025 earnings at $5.24 EPS, FY2025 earnings at $18.78 EPS, Q3 2026 earnings at $5.63 EPS, Q4 2026 earnings at $5.74 EPS and FY2026 earnings at $21.94 EPS.

Several other analysts have also issued reports on the company. Keefe, Bruyette & Woods upped their target price on LPL Financial from $325.00 to $390.00 and gave the stock an “outperform” rating in a report on Friday, December 20th. Barclays upped their price objective on LPL Financial from $378.00 to $379.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. StockNews.com upgraded LPL Financial from a “sell” rating to a “hold” rating in a research note on Saturday, November 9th. Citigroup upped their price objective on LPL Financial from $310.00 to $385.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Finally, TD Cowen upgraded LPL Financial from a “hold” rating to a “buy” rating and upped their price objective for the company from $277.00 to $413.00 in a research note on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $351.50.

LPL Financial Stock Performance

LPLA opened at $360.29 on Thursday. LPL Financial has a 52-week low of $187.19 and a 52-week high of $361.63. The firm has a market capitalization of $26.98 billion, a PE ratio of 27.09, a PEG ratio of 1.09 and a beta of 0.87. 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 business’s 50-day simple moving average is $331.55 and its 200 day simple moving average is $270.61.

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

Insider Activity

In related news, Director Aneri Jambusaria sold 305 shares of the stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $331.94, for a total transaction of $101,241.70. Following the sale, the director now owns 3,920 shares of the company’s stock, valued at $1,301,204.80. This represents a 7.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On LPL Financial

A number of large investors have recently added to or reduced their stakes in LPLA. Ashton Thomas Securities LLC acquired a new stake in shares of LPL Financial in the 3rd quarter valued at $31,000. Paladin Wealth LLC acquired a new stake in shares of LPL Financial in the 3rd quarter valued at $34,000. Brooklyn Investment Group acquired a new stake in shares of LPL Financial in the 3rd quarter valued at $43,000. R Squared Ltd acquired a new stake in shares of LPL Financial in the 4th quarter valued at $78,000. Finally, First Horizon Advisors Inc. boosted its holdings in shares of LPL Financial by 32.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 385 shares of the financial services provider’s stock valued at $90,000 after purchasing an additional 94 shares in the last quarter. Institutional investors and hedge funds own 95.66% of the company’s stock.

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.