LPL Financial Holdings Inc. (NASDAQ:LPLA) Expected to Post Q4 2024 Earnings of $3.98 Per Share

LPL Financial Holdings Inc. (NASDAQ:LPLA) – Equities researchers at William Blair cut their Q4 2024 EPS estimates for shares of LPL Financial in a research note issued to investors on Monday, October 14th. William Blair analyst J. Schmitt now forecasts that the financial services provider will earn $3.98 per share for the quarter, down from their prior forecast of $4.14. The consensus estimate for LPL Financial’s current full-year earnings is $15.79 per share.

LPL Financial (NASDAQ:LPLA) last posted its earnings results on Thursday, July 25th. The financial services provider reported $3.88 EPS for the quarter, beating the consensus estimate of $3.66 by $0.22. The company had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.89 billion. LPL Financial had a return on equity of 52.14% and a net margin of 8.91%. The business’s revenue was up 18.8% compared to the same quarter last year. During the same period in the prior year, the company earned $3.94 earnings per share.

Several other research firms have also commented on LPLA. StockNews.com lowered shares of LPL Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, October 1st. Barclays cut their price target on LPL Financial from $313.00 to $273.00 and set an “overweight” rating on the stock in a report on Friday, July 26th. JPMorgan Chase & Co. raised their target price on LPL Financial from $261.00 to $268.00 and gave the company a “neutral” rating in a research report on Thursday, July 11th. Bank of America upgraded LPL Financial from a “neutral” rating to a “buy” rating and set a $268.00 price target for the company in a research report on Tuesday, July 30th. Finally, TD Cowen lifted their price objective on shares of LPL Financial from $243.00 to $255.00 and gave the company a “hold” rating in a research note on Friday, July 26th. Two analysts have rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $278.23.

LPL Financial Price Performance

Shares of NASDAQ LPLA opened at $252.20 on Wednesday. The company has a debt-to-equity ratio of 1.77, a current ratio of 2.16 and a quick ratio of 2.16. The firm has a market capitalization of $18.84 billion, a PE ratio of 19.05, a P/E/G ratio of 1.32 and a beta of 0.88. LPL Financial has a 1-year low of $187.19 and a 1-year high of $289.88. The business’s fifty day moving average price is $220.73 and its two-hundred day moving average price is $248.32.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of LPLA. Vanguard Group Inc. raised its position in LPL Financial by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 7,141,049 shares of the financial services provider’s stock valued at $1,625,446,000 after acquiring an additional 48,439 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of LPL Financial by 9.9% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,589,793 shares of the financial services provider’s stock worth $723,329,000 after buying an additional 233,242 shares during the last quarter. Boston Partners boosted its stake in shares of LPL Financial by 71.9% during the 1st quarter. Boston Partners now owns 1,765,230 shares of the financial services provider’s stock worth $466,434,000 after acquiring an additional 738,509 shares in the last quarter. Samlyn Capital LLC increased its holdings in shares of LPL Financial by 8.0% during the 2nd quarter. Samlyn Capital LLC now owns 1,194,715 shares of the financial services provider’s stock valued at $333,684,000 after acquiring an additional 88,635 shares during the last quarter. Finally, TD Asset Management Inc raised its stake in shares of LPL Financial by 33.2% in the 1st quarter. TD Asset Management Inc now owns 1,103,655 shares of the financial services provider’s stock valued at $291,586,000 after acquiring an additional 275,286 shares in the last quarter. Hedge funds and other institutional investors own 95.66% of the company’s stock.

LPL Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, August 9th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date was Friday, August 9th. LPL Financial’s dividend payout ratio (DPR) is presently 9.06%.

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.