Zacks Research Expects Reduced Earnings for LPL Financial

LPL Financial Holdings Inc. (NASDAQ:LPLA - Free Report) - Analysts at Zacks Research reduced their Q3 2025 earnings per share estimates for shares of LPL Financial in a report released on Wednesday, July 16th. Zacks Research analyst R. Department now anticipates that the financial services provider will earn $4.50 per share for the quarter, down from their previous estimate of $4.54. 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 $4.43 EPS, FY2025 earnings at $18.29 EPS, Q1 2026 earnings at $5.22 EPS, Q2 2026 earnings at $5.32 EPS and Q2 2027 earnings at $6.81 EPS.

LPL Financial (NASDAQ:LPLA - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The financial services provider reported $5.15 EPS for the quarter, beating analysts' consensus estimates of $4.54 by $0.61. LPL Financial had a return on equity of 46.34% and a net margin of 8.23%. The company had revenue of $3.67 billion for the quarter, compared to analyst estimates of $3.63 billion. During the same period last year, the company earned $3.83 earnings per share. The company's quarterly revenue was up 4.5% compared to the same quarter last year.

LPLA has been the topic of a number of other research reports. Wells Fargo & Company lifted their price target on LPL Financial from $402.00 to $420.00 and gave the stock an "overweight" rating in a research note on Friday, July 11th. Barclays lifted their price target on LPL Financial from $450.00 to $460.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. Redburn Atlantic upgraded LPL Financial from a "neutral" rating to a "buy" rating and lifted their price target for the company from $420.00 to $460.00 in a report on Monday, June 9th. Morgan Stanley reiterated an "overweight" rating and set a $490.00 price target (up from $450.00) on shares of LPL Financial in a report on Tuesday, July 15th. Finally, Wall Street Zen downgraded LPL Financial from a "buy" rating to a "hold" rating in a research note on Saturday, June 14th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, LPL Financial has a consensus rating of "Moderate Buy" and a consensus target price of $372.15.

LPL Financial Price Performance

Shares of NASDAQ:LPLA traded down $13.72 on Monday, reaching $379.59. 846,211 shares of the company traded hands, compared to its average volume of 811,689. The company's 50 day moving average is $378.09 and its 200-day moving average is $351.73. The stock has a market capitalization of $30.36 billion, a PE ratio of 22.55, a P/E/G ratio of 0.97 and a beta of 0.64. LPL Financial has a fifty-two week low of $187.19 and a fifty-two week high of $395.89. The company has a debt-to-equity ratio of 1.82, a current ratio of 2.31 and a quick ratio of 2.31.

Institutional Investors Weigh In On LPL Financial

Several large investors have recently modified their holdings of the business. Dodge & Cox lifted its position in shares of LPL Financial by 224.1% in the first quarter. Dodge & Cox now owns 1,523,460 shares of the financial services provider's stock valued at $498,385,000 after buying an additional 1,053,351 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of LPL Financial by 1,453.3% in the first quarter. Principal Financial Group Inc. now owns 1,038,683 shares of the financial services provider's stock valued at $339,795,000 after buying an additional 971,814 shares during the last quarter. Norges Bank acquired a new stake in shares of LPL Financial in the fourth quarter valued at approximately $305,747,000. Jennison Associates LLC lifted its position in shares of LPL Financial by 786.2% in the first quarter. Jennison Associates LLC now owns 959,371 shares of the financial services provider's stock valued at $313,849,000 after buying an additional 851,115 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its position in shares of LPL Financial by 550.5% in the first quarter. Alliancebernstein L.P. now owns 759,206 shares of the financial services provider's stock valued at $248,367,000 after buying an additional 642,503 shares during the last quarter. 95.66% of the stock is currently owned by institutional investors.

Insider Activity

In other LPL Financial news, Director Greg Gates sold 1,500 shares of the business's stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $382.63, for a total value of $573,945.00. Following the transaction, the director owned 20,620 shares of the company's stock, valued at approximately $7,889,830.60. The trade was a 6.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.70% of the company's stock.

LPL Financial Dividend Announcement

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