LPL Financial Holdings Inc. (NASDAQ:LPLA – Free Report) – Analysts at William Blair have lowered their Q4 2024 earnings estimates for LPL Financial. Analyst J. Schmitt now predicts earnings per share (EPS) of $3.98, down from $4.14. The current full-year earnings estimate is $15.79 per share.
LPL Financial reported its quarterly earnings on July 25. They had an EPS of $3.88, beating estimates of $3.66. Revenue reached $2.93 billion, exceeding the expected $2.89 billion. The company had a return on equity of 52.14% and an 8.91% net margin, with revenue up 18.8% from last year.
Other analysts have recently changed their recommendations for LPL Financial. Citigroup lowered its price target from $325.00 to $285.00 with a “buy” rating. JPMorgan raised its target from $261.00 to $268.00 with a “neutral” rating. UBS raised its target from $215.00 to $250.00 and maintained a “neutral” rating. Jefferies cut its target from $309.00 to $282.00 while keeping a “buy” rating. Bank of America upgraded LPL Financial from “neutral” to “buy” with a $268.00 target. Overall, two analysts rated it as a sell, four as hold, and nine as buy, giving it a consensus “Hold” rating and a target price of $277.77.
LPL Financial Stock Performance
LPL Financial stock opened at $262.22 on Wednesday. It has a 52-week low of $187.19 and a high of $289.88, with a market cap of $19.59 billion. The price-to-earnings ratio is 19.81, and the stock has a 50-day moving average of $223.10.
Dividend Information
The company declared a quarterly dividend of $0.30, paid on August 23, resulting in an annualized yield of 0.46%.
Institutional Changes
Recent institutional investments include Ashton Thomas Private Wealth and Key Financial, among others. Institutional investors own 95.66% of LPL Financial.
LPL Financial Overview
(Get Free Report) LPL Financial provides brokerage and investment advisory services to independent financial advisors and firms in the U.S.
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