William Blair Increases Earnings Estimates for LPL Financial

LPL Financial Holdings Inc. (NASDAQ:LPLA) – William Blair upped their Q4 2024 earnings estimates for shares of LPL Financial in a research note issued on Monday, January 13th. William Blair analyst J. Schmitt now anticipates that the financial services provider will earn $4.05 per share for the quarter, up from their prior forecast of $3.95. The consensus estimate for LPL Financial’s current full-year earnings is $16.07 per share. William Blair also issued estimates for LPL Financial’s FY2025 earnings at $20.00 EPS and FY2026 earnings at $23.75 EPS.

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

A number of other research analysts have also recently commented on the stock. Jefferies Financial Group reduced their target price on shares of LPL Financial from $309.00 to $282.00 and set a “buy” rating on the stock in a research report on Friday, October 4th. The Goldman Sachs Group boosted 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, November 1st. Keefe, Bruyette & Woods lifted their target price on LPL Financial from $325.00 to $390.00 and gave the stock an “outperform” rating in a research report on Friday, December 20th. Barclays increased their price target on LPL Financial from $378.00 to $379.00 and gave the company an “overweight” rating in a report on Monday. Finally, UBS Group raised LPL Financial from a “neutral” rating to a “buy” rating and set a $390.00 target price on the stock in a research report on Monday, January 6th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, LPL Financial currently has an average rating of “Moderate Buy” and a consensus target price of $351.50.

LPL Financial Stock Performance

Shares of NASDAQ:LPLA opened at $338.25 on Thursday. The company has a debt-to-equity ratio of 1.60, a quick ratio of 2.16 and a current ratio of 2.16. LPL Financial has a one year low of $187.19 and a one year high of $344.86. The business’s 50-day simple moving average is $326.06 and its 200 day simple moving average is $266.91. The company has a market cap of $25.33 billion, a P/E ratio of 25.43, a PEG ratio of 1.03 and a beta of 0.87.

LPL Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Thursday, November 14th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.20 annualized dividend and a yield of 0.35%. LPL Financial’s dividend payout ratio (DPR) is 9.02%.

Insiders Place Their Bets

In other 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 directly owns 3,920 shares in the company, valued at approximately $1,301,204.80. This represents a 7.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of LPLA. Ashton Thomas Private Wealth LLC acquired a new position in LPL Financial during the 2nd quarter worth $25,000. Ashton Thomas Securities LLC bought a new stake in shares of LPL Financial during the third quarter valued at about $31,000. Paladin Wealth LLC acquired a new stake in LPL Financial in the third quarter worth about $34,000. Brooklyn Investment Group bought a new position in LPL Financial in the 3rd quarter valued at about $43,000. Finally, Quarry LP increased its stake in LPL Financial by 45.3% during the 2nd quarter. Quarry LP now owns 327 shares of the financial services provider’s stock valued at $91,000 after buying an additional 102 shares during the period. Institutional investors own 95.66% of the company’s stock.

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.