William Blair Analysts Decrease Earnings Estimates for LPL Financial Holdings Inc. (NASDAQ:LPLA)

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

Several other research firms also recently weighed in on LPLA. Wells Fargo & Company upgraded LPL Financial from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $235.00 to $285.00 in a research report on Wednesday, October 9th. UBS Group boosted their target price on shares of LPL Financial from $215.00 to $250.00 and gave the company a “neutral” rating in a report on Tuesday, October 8th. Barclays cut their price target on shares of LPL Financial from $313.00 to $273.00 and set an “overweight” rating on the stock in a research note on Friday, July 26th. The Goldman Sachs Group lowered their price objective on shares of LPL Financial from $289.00 to $271.00 and set a “buy” rating for the company in a research note on Thursday, September 26th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $310.00 target price on shares of LPL Financial in a report on Wednesday, October 9th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $278.23.

LPL Financial Trading Up 1.0 %

Shares of LPL Financial stock opened at $252.20 on Wednesday. LPL Financial has a fifty-two week low of $187.19 and a fifty-two week high of $289.88. The business’s fifty day moving average is $220.73 and its two-hundred day moving average is $248.32. The company has a quick ratio of 2.16, a current ratio of 2.16 and a debt-to-equity ratio of 1.77. The firm has a market cap 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 (NASDAQ:LPLA) last posted its quarterly earnings data on Thursday, July 25th. The financial services provider reported $3.88 earnings per share for the quarter, beating analysts’ consensus estimates of $3.66 by $0.22. LPL Financial had a net margin of 8.91% and a return on equity of 52.14%. The business had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.89 billion. During the same quarter in the previous year, the business posted $3.94 earnings per share. The company’s revenue was up 18.8% on a year-over-year basis.

Institutional Trading of LPL Financial

A number of hedge funds and other institutional investors have recently modified their holdings of LPLA. Foster Victor Wealth Advisors LLC increased its stake in shares of LPL Financial by 32.5% in the third quarter. Foster Victor Wealth Advisors LLC now owns 69,731 shares of the financial services provider’s stock worth $17,142,000 after buying an additional 17,091 shares during the last quarter. Swedbank AB lifted its position in shares of LPL Financial by 19.8% during the third quarter. Swedbank AB now owns 16,429 shares of the financial services provider’s stock worth $3,822,000 after purchasing an additional 2,720 shares during the last quarter. CX Institutional bought a new position in shares of LPL Financial during the third quarter worth about $382,000. Paladin Wealth LLC bought a new stake in LPL Financial in the third quarter valued at about $34,000. Finally, Oliver Luxxe Assets LLC raised its stake in LPL Financial by 1.7% during the third quarter. Oliver Luxxe Assets LLC now owns 8,373 shares of the financial services provider’s stock valued at $1,948,000 after buying an additional 144 shares in the last quarter. 95.66% of the stock is owned by hedge funds and other institutional investors.

LPL Financial Announces Dividend

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