Analysts Expect LPL Financial Holdings Inc (LPLA) to Announce $1.58 EPS

Wall Street brokerages predict that LPL Financial Holdings Inc (NASDAQ:LPLA) will announce $1.58 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for LPL Financial’s earnings, with the lowest EPS estimate coming in at $1.13 and the highest estimate coming in at $1.75. LPL Financial posted earnings per share of $1.01 during the same quarter last year, which suggests a positive year-over-year growth rate of 56.4%. The company is scheduled to report its next quarterly earnings report on Thursday, May 2nd.

On average, analysts expect that LPL Financial will report full year earnings of $6.33 per share for the current financial year, with EPS estimates ranging from $5.47 to $6.70. For the next year, analysts expect that the business will report earnings of $7.00 per share, with EPS estimates ranging from $6.06 to $7.60. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that cover LPL Financial.

LPL Financial (NASDAQ:LPLA) last posted its quarterly earnings data on Thursday, January 31st. The financial services provider reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.12. LPL Financial had a return on equity of 46.29% and a net margin of 8.47%. The business had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.36 billion.

LPLA has been the subject of several research analyst reports. ValuEngine cut LPL Financial from a “hold” rating to a “sell” rating in a report on Tuesday, October 23rd. Credit Suisse Group decreased their target price on LPL Financial from $91.00 to $88.00 and set an “outperform” rating for the company in a research report on Friday, October 26th. BidaskClub raised LPL Financial from a “strong sell” rating to a “sell” rating in a research report on Tuesday, October 30th. Citigroup boosted their price target on LPL Financial from $80.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, October 30th. Finally, Morgan Stanley reduced their price target on LPL Financial from $71.00 to $66.00 and set a “hold” rating for the company in a report on Wednesday, November 14th. Four research analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $80.33.

Shares of NASDAQ LPLA traded up $1.18 during trading on Monday, hitting $77.91. The company had a trading volume of 860,800 shares, compared to its average volume of 901,443. The company has a market capitalization of $6.65 billion, a P/E ratio of 14.62, a price-to-earnings-growth ratio of 0.81 and a beta of 1.59. LPL Financial has a 12 month low of $52.03 and a 12 month high of $78.29. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.43.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 15th will be given a $0.25 dividend. The ex-dividend date is Thursday, March 14th. This represents a $1.00 dividend on an annualized basis and a yield of 1.28%. LPL Financial’s payout ratio is currently 18.76%.

In related news, insider Thomas Gooley sold 29,876 shares of the firm’s stock in a transaction that occurred on Wednesday, December 12th. The shares were sold at an average price of $60.72, for a total value of $1,814,070.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michelle Oroschakoff sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 27th. The stock was sold at an average price of $63.00, for a total transaction of $378,000.00. Following the completion of the transaction, the insider now directly owns 19,811 shares of the company’s stock, valued at approximately $1,248,093. The disclosure for this sale can be found here. In the last 90 days, insiders sold 144,499 shares of company stock worth $9,867,875. Company insiders own 2.60% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. grew its position in LPL Financial by 0.8% in the 3rd quarter. BlackRock Inc. now owns 4,142,421 shares of the financial services provider’s stock worth $267,226,000 after purchasing an additional 34,253 shares during the last quarter. FMR LLC raised its stake in shares of LPL Financial by 35.4% during the third quarter. FMR LLC now owns 1,971,605 shares of the financial services provider’s stock worth $127,189,000 after buying an additional 515,091 shares during the last quarter. Boston Advisors LLC bought a new stake in shares of LPL Financial during the fourth quarter worth approximately $4,092,000. GAM Holding AG raised its stake in shares of LPL Financial by 160.5% during the third quarter. GAM Holding AG now owns 9,077 shares of the financial services provider’s stock worth $586,000 after buying an additional 5,593 shares during the last quarter. Finally, Allianz Asset Management GmbH raised its stake in shares of LPL Financial by 5.9% during the third quarter. Allianz Asset Management GmbH now owns 280,139 shares of the financial services provider’s stock worth $18,073,000 after buying an additional 15,721 shares during the last quarter. Institutional investors and hedge funds own 92.04% 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 financial institutions in the United States. Its brokerage offerings include variable and fixed annuities, mutual funds, equities, retirement and 529 education savings plans, fixed income, and insurance, as well as alternative investments, such as non-traded real estate investment trusts and business development companies.

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