William Blair Forecasts Lower Earnings for LPL Financial

LPL Financial Holdings Inc. (NASDAQ:LPLA - Free Report) - Research analysts at William Blair reduced their Q4 2025 earnings estimates for LPL Financial in a research note issued to investors on Friday, May 9th. William Blair analyst J. Schmitt now forecasts that the financial services provider will earn $4.55 per share for the quarter, down from their previous forecast of $4.67. The consensus estimate for LPL Financial's current full-year earnings is $19.35 per share.

LPL Financial (NASDAQ:LPLA - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The financial services provider reported $5.15 earnings per share for the quarter, beating the consensus estimate of $4.54 by $0.61. The company had revenue of $3.67 billion during the quarter, compared to analysts' expectations of $3.63 billion. LPL Financial had a net margin of 8.55% and a return on equity of 49.41%. The business's quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.83 earnings per share.

LPLA has been the subject of several other research reports. Morgan Stanley upped their price target on shares of LPL Financial from $379.00 to $413.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. JMP Securities increased their target price on shares of LPL Financial from $420.00 to $440.00 and gave the stock a "market outperform" rating in a report on Friday. Wells Fargo & Company reduced their target price on shares of LPL Financial from $405.00 to $342.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Barclays reduced their target price on shares of LPL Financial from $414.00 to $365.00 and set an "overweight" rating for the company in a report on Monday, April 7th. Finally, Citigroup reduced their target price on shares of LPL Financial from $415.00 to $400.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. One equities research analyst has rated the stock with a sell rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, LPL Financial currently has an average rating of "Moderate Buy" and a consensus price target of $371.50.

LPL Financial Stock Up 6.3%

LPL Financial stock opened at $360.42 on Monday. The stock has a market capitalization of $28.60 billion, a PE ratio of 25.67, a price-to-earnings-growth ratio of 0.94 and a beta of 0.65. LPL Financial has a twelve month low of $187.19 and a twelve month high of $384.04. The company has a quick ratio of 2.16, a current ratio of 2.16 and a debt-to-equity ratio of 1.60. The company has a 50 day moving average of $320.64 and a 200-day moving average of $329.85.

Hedge Funds Weigh In On LPL Financial

Large investors have recently modified their holdings of the stock. Truist Financial Corp raised its position in shares of LPL Financial by 7.9% in the fourth quarter. Truist Financial Corp now owns 192,153 shares of the financial services provider's stock valued at $62,740,000 after purchasing an additional 14,106 shares during the period. Assenagon Asset Management S.A. raised its position in shares of LPL Financial by 4.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 31,209 shares of the financial services provider's stock valued at $10,190,000 after purchasing an additional 1,383 shares during the period. Bank of Montreal Can raised its position in shares of LPL Financial by 46.9% in the fourth quarter. Bank of Montreal Can now owns 59,910 shares of the financial services provider's stock valued at $19,561,000 after purchasing an additional 19,126 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of LPL Financial by 4.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 335,749 shares of the financial services provider's stock valued at $109,625,000 after purchasing an additional 13,936 shares during the period. Finally, JPMorgan Chase & Co. raised its position in shares of LPL Financial by 27.6% in the third quarter. JPMorgan Chase & Co. now owns 1,275,136 shares of the financial services provider's stock valued at $296,635,000 after purchasing an additional 276,166 shares during the period. 95.66% of the stock is owned by institutional investors.

Insider Buying and Selling at LPL Financial

In other news, CFO Matthew J. Audette sold 4,588 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $360.07, for a total value of $1,652,001.16. Following the transaction, the chief financial officer now directly owns 16,538 shares of the company's stock, valued at $5,954,837.66. This represents a 21.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Marc Eliot Cohen sold 1,100 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $365.85, for a total transaction of $402,435.00. Following the completion of the transaction, the director now directly owns 4,075 shares in the company, valued at $1,490,838.75. The trade was a 21.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company's stock.

LPL Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Friday, May 30th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date of this dividend is Friday, May 30th. LPL Financial's dividend payout ratio is currently 8.30%.

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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