Q3 EPS Estimates for LPL Financial Reduced by Zacks Research

Key Points

• Zacks Research has reduced its Q3 2025 EPS estimate for LPL Financial from $4.64 to $4.43, while maintaining a full-year consensus estimate of $19.35 per share.
• Several analysts have adjusted their price targets for LPL Financial, with Morgan Stanley lowering it from $490 to $462, while JMP Securities raised theirs from $440 to $455.
• LPL Financial recently announced a quarterly dividend of $0.30 per share, resulting in an annualized dividend yield of 0.4% and a payout ratio of 8.21%.

LPL Financial Holdings Inc. (NASDAQ:LPLA - Free Report) - Research analysts at Zacks Research lowered their Q3 2025 earnings per share (EPS) estimates for shares of LPL Financial in a note issued to investors on Thursday, October 9th. Zacks Research analyst Team now expects that the financial services provider will earn $4.43 per share for the quarter, down from their previous forecast of $4.64. 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 2025 earnings at $4.65 EPS, Q2 2026 earnings at $5.21 EPS, Q3 2026 earnings at $5.89 EPS, Q4 2026 earnings at $6.10 EPS, FY2026 earnings at $22.32 EPS and Q2 2027 earnings at $6.54 EPS.

LPLA has been the subject of several other research reports. Morgan Stanley decreased their target price on LPL Financial from $490.00 to $462.00 and set an "overweight" rating for the company in a research note on Wednesday, October 1st. Barclays reduced their price objective on LPL Financial from $460.00 to $411.00 and set an "overweight" rating for the company in a research report on Wednesday. JMP Securities raised their price objective on LPL Financial from $440.00 to $455.00 and gave the stock a "market outperform" rating in a research report on Thursday. Rothschild & Co Redburn downgraded LPL Financial from a "buy" rating to a "neutral" rating and set a $390.00 price objective for the company. in a research report on Friday, September 19th. Finally, UBS Group set a $455.00 price objective on LPL Financial in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $395.85.

LPL Financial Price Performance

Shares of NASDAQ:LPLA opened at $327.45 on Friday. The business has a 50 day moving average price of $348.41 and a 200 day moving average price of $353.35. LPL Financial has a twelve month low of $242.94 and a twelve month high of $403.58. The company has a market cap of $26.20 billion, a price-to-earnings ratio of 22.40, a PEG ratio of 0.76 and a beta of 0.61. The company has a quick ratio of 3.22, a current ratio of 3.22 and a debt-to-equity ratio of 1.41.

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 during the quarter, compared to the consensus estimate of $3.77 billion. During the same quarter in the prior year, the company earned $3.88 EPS. The firm's revenue for the quarter was up 30.8% compared to the same quarter last year.

LPL Financial Announces Dividend

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

Insider Activity at LPL Financial

In related news, Director Greg Gates sold 1,500 shares of the firm's stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $338.21, for a total transaction of $507,315.00. Following the completion of the transaction, the director owned 17,620 shares in the company, valued at $5,959,260.20. This trade represents a 7.85% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Aneri Jambusaria sold 80 shares of the firm's stock in a transaction that occurred 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 owned 5,582 shares of the company's stock, valued at $2,016,497.50. This trade represents a 1.41% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,830 shares of company stock valued at $1,333,105 in the last 90 days. 1.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On LPL Financial

A number of hedge funds and other institutional investors have recently bought and sold shares of LPLA. Park Avenue Securities LLC increased its holdings in LPL Financial by 7.6% during the 1st quarter. Park Avenue Securities LLC now owns 4,141 shares of the financial services provider's stock valued at $1,355,000 after purchasing an additional 292 shares in the last quarter. GAMMA Investing LLC increased its holdings in LPL Financial by 33.3% during the 1st quarter. GAMMA Investing LLC now owns 476 shares of the financial services provider's stock valued at $156,000 after purchasing an additional 119 shares in the last quarter. Avanza Fonder AB increased its holdings in LPL Financial by 25.4% during the 1st quarter. Avanza Fonder AB now owns 5,607 shares of the financial services provider's stock valued at $1,897,000 after purchasing an additional 1,134 shares in the last quarter. SG Americas Securities LLC acquired a new stake in LPL Financial during the 1st quarter valued at $2,286,000. Finally, Handelsbanken Fonder AB increased its holdings in LPL Financial by 10.4% during the 1st quarter. Handelsbanken Fonder AB now owns 21,181 shares of the financial services provider's stock valued at $6,929,000 after purchasing an additional 2,000 shares in the last quarter. 95.66% of the stock is owned by institutional investors and hedge funds.

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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