LPL Financial Holdings Inc. (NASDAQ:LPLA – Free Report) saw a drop in Q4 2024 earnings expectations. Analyst J. Schmitt from William Blair now estimates earnings per share (EPS) of $3.98, down from $4.14. The projected full-year EPS is $15.79.
In its last earnings report on July 25, LPL Financial posted $3.88 EPS, exceeding estimates of $3.66. Revenue was $2.93 billion, beating the $2.89 billion forecast. The company has a return on equity of 52.14% and an 8.91% net margin, with revenue up 18.8% year-over-year.
Recent analyst reports include Citigroup lowering its price target from $325 to $285, while JPMorgan raised theirs from $261 to $268. UBS increased its target from $215 to $250, and Jefferies cut theirs from $309 to $282, maintaining a buy rating. Currently, two analysts rate the stock as a sell, four as hold, and nine as buy, suggesting a consensus “Hold” with an average price target of $277.77.
LPL Financial Stock Performance
On Wednesday, LPL Financial stock opened at $262.22, with a 52-week range of $187.19 to $289.88. The company’s market cap is $19.59 billion, with a price-to-earnings ratio of 19.81, and a dividend yield of 0.46% after a recent $0.30 quarterly dividend announcement.
Investor Activity
Institutional investors now hold 95.66% of LPL Financial stock, with recent purchases including Ashton Thomas Private Wealth and Key Financial Inc., among others.
Company Overview
LPL Financial provides brokerage and investment advisory services to independent financial advisors in the U.S., offering a range of financial products including annuities, mutual funds, and insurance.
Recommended Articles
- Five stocks we like better than LPL Financial
- How to Capture the Benefits of Dividend Increases
- Taiwan Semiconductor Soars on Earnings With More Room to Run
- Best Stocks Under $5.00
- Is Lucid Group Nearing the Bottom? What Investors Should Know
- What is a Bond Market Holiday? How to Invest and Trade
- 90% Gain Possible? Analysts Are Bullish on Joby Aviation
Receive News & Ratings for LPL Financial Daily – Enter your email below for a summary of the latest news and ratings for LPL Financial with MarketBeat.com’s FREE daily email newsletter.
`
