Zacks Research Lowers Earnings Estimates for LPL Financial

LPL Financial Holdings Inc. (NASDAQ:LPLA - Free Report) - Stock analysts at Zacks Research decreased their Q4 2025 earnings per share estimates for shares of LPL Financial in a note issued to investors on Wednesday, May 28th. Zacks Research analyst R. Department now expects that the financial services provider will post earnings per share of $4.47 for the quarter, down from their prior estimate of $4.66. 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 Q3 2026 earnings at $5.00 EPS, Q4 2026 earnings at $4.96 EPS, FY2026 earnings at $20.55 EPS and Q1 2027 earnings at $6.30 EPS.

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

Other equities analysts have also issued reports about the company. Wells Fargo & Company reduced their price target on LPL Financial from $405.00 to $342.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Barclays raised their price target on LPL Financial from $365.00 to $400.00 and gave the stock an "overweight" rating in a research report on Monday, May 12th. Morgan Stanley raised their price target on LPL Financial from $330.00 to $450.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 21st. Wall Street Zen upgraded LPL Financial from a "hold" rating to a "buy" rating in a research report on Thursday, May 29th. Finally, JMP Securities lifted their price objective on LPL Financial from $420.00 to $440.00 and gave the stock a "market outperform" rating in a research report on Friday, May 9th. Thirteen investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $377.50.

LPL Financial Trading Up 0.6%

LPLA traded up $2.39 on Friday, hitting $385.78. 140,252 shares of the company were exchanged, compared to its average volume of 835,777. The firm has a fifty day simple moving average of $337.38 and a two-hundred day simple moving average of $339.84. The company has a debt-to-equity ratio of 1.60, a quick ratio of 2.16 and a current ratio of 2.16. LPL Financial has a 12 month low of $187.19 and a 12 month high of $390.23. The stock has a market capitalization of $30.85 billion, a PE ratio of 27.48, a price-to-earnings-growth ratio of 0.94 and a beta of 0.65.

LPL Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Friday, May 30th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.31%. The ex-dividend date of this dividend is Friday, May 30th. LPL Financial's dividend payout ratio is currently 8.30%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Dodge & Cox increased its position in LPL Financial by 224.1% during the first quarter. Dodge & Cox now owns 1,523,460 shares of the financial services provider's stock valued at $498,385,000 after acquiring an additional 1,053,351 shares during the last quarter. Principal Financial Group Inc. increased its position in LPL Financial by 1,453.3% during 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 acquiring an additional 971,814 shares during the last quarter. Norges Bank purchased a new stake in LPL Financial during the fourth quarter valued at $305,747,000. Raymond James Financial Inc. purchased a new stake in LPL Financial during the fourth quarter valued at $295,982,000. Finally, Jennison Associates LLC increased its position in LPL Financial by 786.2% during the first quarter. Jennison Associates LLC now owns 959,371 shares of the financial services provider's stock valued at $313,849,000 after acquiring an additional 851,115 shares during 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.