Q3 EPS Estimates for LPL Financial Raised by Zacks Research

Key Points

• Zacks Research has raised its Q3 2026 earnings per share estimate for LPL Financial to $5.86, up from the previous estimate of $5.73.
• Multiple research firms have issued varying ratings for LPL Financial, with Wells Fargo and Morgan Stanley setting price targets of $420.00 and $490.00, respectively.
• LPL Financial's quarterly dividend was recently announced at $0.30 per share, reflecting an annualized yield of 0.4% and a payout ratio of 8.21%.

LPL Financial Holdings Inc. (NASDAQ:LPLA - Free Report) - Equities research analysts at Zacks Research boosted their Q3 2026 earnings per share (EPS) estimates for shares of LPL Financial in a research note issued to investors on Monday, September 8th. Zacks Research analyst Team now anticipates that the financial services provider will post earnings of $5.86 per share for the quarter, up from their previous forecast of $5.73. The consensus estimate for LPL Financial's current full-year earnings is $19.35 per share. Zacks Research also issued estimates for LPL Financial's Q4 2026 earnings at $5.92 EPS, FY2026 earnings at $22.20 EPS, Q1 2027 earnings at $6.23 EPS, Q2 2027 earnings at $6.80 EPS and FY2027 earnings at $28.67 EPS.

A number of other research firms also recently commented on LPLA. Wells Fargo & Company boosted their price objective on LPL Financial from $402.00 to $420.00 and gave the stock an "overweight" rating in a research note on Friday, July 11th. Morgan Stanley reissued an "overweight" rating and issued a $490.00 price objective (up previously from $450.00) on shares of LPL Financial in a research note on Tuesday, July 15th. Citigroup downgraded LPL Financial from a "neutral" rating to a "sell" rating and set a $80.00 price objective on the stock. in a research note on Wednesday, July 9th. Keefe, Bruyette & Woods boosted their price objective on LPL Financial from $425.00 to $435.00 and gave the stock an "outperform" rating in a research note on Monday, August 4th. Finally, Redburn Atlantic raised LPL Financial from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $420.00 to $460.00 in a research note on Monday, June 9th. Ten equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $383.33.

LPL Financial Stock Up 2.3%

LPLA opened at $340.52 on Tuesday. LPL Financial has a one year low of $204.41 and a one year high of $403.58. The company has a debt-to-equity ratio of 1.41, a quick ratio of 3.22 and a current ratio of 3.22. The stock's fifty day moving average is $370.44 and its 200-day moving average is $354.46. The company has a market capitalization of $27.24 billion, a PE ratio of 23.29, a P/E/G ratio of 0.78 and a beta of 0.66.

LPL Financial (NASDAQ:LPLA - Get Free Report) last announced its earnings results on Thursday, July 31st. The financial services provider reported $4.51 earnings per share for the quarter, beating the consensus estimate of $4.21 by $0.30. LPL Financial had a return on equity of 39.80% and a net margin of 7.91%.The firm had revenue of $3.84 billion for the quarter, compared to the consensus estimate of $3.77 billion. During the same quarter in the previous year, the business earned $3.88 EPS. The firm's revenue for the quarter was up 30.8% on a year-over-year basis.

LPL Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Friday, August 15th. LPL Financial's payout ratio is presently 8.21%.

Insiders Place Their Bets

In related news, Director Aneri Jambusaria sold 80 shares of LPL Financial stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $361.25, for a total value of $28,900.00. Following the transaction, the director directly owned 5,582 shares in the company, valued at $2,016,497.50. The trade was a 1.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Greg Gates sold 1,500 shares of LPL Financial stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $374.05, for a total value of $561,075.00. Following the completion of the transaction, the director owned 19,120 shares in the company, valued at $7,151,836. The trade was a 7.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,080 shares of company stock worth $1,163,920 over the last 90 days. Insiders own 0.70% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of LPLA. Summit Securities Group LLC purchased a new position in shares of LPL Financial during the first quarter valued at $26,000. Osterweis Capital Management Inc. purchased a new position in shares of LPL Financial during the second quarter valued at $26,000. Millstone Evans Group LLC grew its holdings in shares of LPL Financial by 123.1% during the first quarter. Millstone Evans Group LLC now owns 87 shares of the financial services provider's stock valued at $28,000 after buying an additional 48 shares in the last quarter. SBI Securities Co. Ltd. grew its holdings in shares of LPL Financial by 116.2% during the second quarter. SBI Securities Co. Ltd. now owns 80 shares of the financial services provider's stock valued at $30,000 after buying an additional 43 shares in the last quarter. Finally, Private Trust Co. NA grew its holdings in shares of LPL Financial by 234.5% during the first quarter. Private Trust Co. NA now owns 97 shares of the financial services provider's stock valued at $32,000 after buying an additional 68 shares in the last quarter. Hedge funds and other 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.

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