Q3 EPS Estimates for LPL Financial Lifted by Zacks Research

LPL Financial Holdings Inc. (NASDAQ:LPLA - Free Report) - Investment analysts at Zacks Research boosted their Q3 2025 EPS estimates for shares of LPL Financial in a research report issued to clients and investors on Monday, July 21st. Zacks Research analyst R. Department now anticipates that the financial services provider will post earnings of $4.64 per share for the quarter, up from their prior forecast of $4.50. 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 $4.56 EPS, FY2025 earnings at $18.52 EPS and Q2 2026 earnings at $5.45 EPS.

LPL Financial (NASDAQ:LPLA - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The financial services provider reported $5.15 EPS for the quarter, topping the consensus estimate of $4.54 by $0.61. LPL Financial had a net margin of 8.23% and a return on equity of 46.34%. The business had revenue of $3.67 billion during the quarter, compared to the consensus estimate of $3.63 billion. During the same period in the previous year, the firm posted $3.83 earnings per share. The business's revenue for the quarter was up 4.5% compared to the same quarter last year.

A number of other brokerages have also commented on LPLA. Citigroup lowered LPL Financial from a "neutral" rating to a "sell" rating and set a $80.00 target price on the stock. in a research report on Wednesday, July 9th. Morgan Stanley reaffirmed an "overweight" rating and issued a $490.00 price objective (up from $450.00) on shares of LPL Financial in a report on Tuesday, July 15th. Wells Fargo & Company raised their target price on shares of LPL Financial from $402.00 to $420.00 and gave the stock an "overweight" rating in a report on Friday, July 11th. Wall Street Zen downgraded LPL Financial from a "buy" rating to a "hold" rating in a research report on Saturday, June 14th. Finally, Redburn Atlantic raised LPL Financial from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $420.00 to $460.00 in a report on Monday, June 9th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $372.15.

LPL Financial Stock Performance

LPL Financial stock traded up $3.25 during trading hours on Thursday, hitting $380.04. 548,164 shares of the stock traded hands, compared to its average volume of 749,455. The firm's 50 day moving average price is $377.67 and its 200-day moving average price is $353.11. The company has a debt-to-equity ratio of 1.82, a current ratio of 2.31 and a quick ratio of 2.31. The stock has a market capitalization of $30.39 billion, a price-to-earnings ratio of 26.30, a P/E/G ratio of 0.93 and a beta of 0.64. LPL Financial has a 1 year low of $187.19 and a 1 year high of $396.25.

LPL Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 12th. Shareholders of record on Friday, May 30th were issued a dividend of $0.30 per share. The ex-dividend date was Friday, May 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.32%. LPL Financial's payout ratio is currently 8.30%.

Insider Activity at LPL Financial

In other LPL Financial news, Director Greg Gates sold 1,500 shares of the stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $382.63, for a total transaction of $573,945.00. Following the completion of the transaction, the director owned 20,620 shares of the company's stock, valued at $7,889,830.60. This represents a 6.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.30% of the stock is owned by insiders.

Hedge Funds Weigh In On LPL Financial

A number of hedge funds have recently made changes to their positions in the company. Sequoia Financial Advisors LLC raised its holdings in shares of LPL Financial by 25.6% during the second quarter. Sequoia Financial Advisors LLC now owns 1,672 shares of the financial services provider's stock valued at $627,000 after acquiring an additional 341 shares during the last quarter. MGO One Seven LLC acquired a new position in shares of LPL Financial during the second quarter valued at approximately $1,430,000. Allspring Global Investments Holdings LLC grew its position in shares of LPL Financial by 30.0% in the second quarter. Allspring Global Investments Holdings LLC now owns 191,727 shares of the financial services provider's stock valued at $71,524,000 after purchasing an additional 44,249 shares in the last quarter. Board of the Pension Protection Fund purchased a new stake in shares of LPL Financial in the second quarter valued at approximately $337,000. Finally, Vanguard Personalized Indexing Management LLC grew its position in shares of LPL Financial by 20.5% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 9,163 shares of the financial services provider's stock valued at $3,436,000 after purchasing an additional 1,560 shares in the last quarter. Institutional investors and hedge funds 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.