Q3 2022 EPS Estimates for LPL Financial Holdings Inc. (NASDAQ:LPLA) Decreased by Jefferies Financial Group

LPL Financial Holdings Inc. (NASDAQ:LPLAGet Rating) – Equities researchers at Jefferies Financial Group cut their Q3 2022 EPS estimates for shares of LPL Financial in a research note issued to investors on Tuesday, August 2nd. Jefferies Financial Group analyst G. O’hara now forecasts that the financial services provider will earn $2.28 per share for the quarter, down from their prior forecast of $2.71. The consensus estimate for LPL Financial’s current full-year earnings is $9.94 per share.

Several other research analysts have also recently commented on the stock. Morgan Stanley decreased their target price on shares of LPL Financial from $241.00 to $239.00 and set an “overweight” rating for the company in a research report on Wednesday. UBS Group upped their target price on shares of LPL Financial from $212.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday. StockNews.com upgraded shares of LPL Financial from a “sell” rating to a “hold” rating in a research report on Thursday. Truist Financial upped their target price on shares of LPL Financial from $200.00 to $230.00 in a research report on Tuesday, May 3rd. Finally, Citigroup upped their target price on shares of LPL Financial from $225.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday, April 14th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, LPL Financial currently has an average rating of “Moderate Buy” and a consensus target price of $235.83.

LPL Financial Price Performance

Shares of NASDAQ:LPLA opened at $225.14 on Friday. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 1.57. LPL Financial has a fifty-two week low of $137.59 and a fifty-two week high of $227.13. The firm has a 50-day simple moving average of $191.61 and a 200 day simple moving average of $184.85. The company has a market cap of $18.00 billion, a PE ratio of 36.37, a P/E/G ratio of 0.56 and a beta of 0.96.

LPL Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 31st. Stockholders of record on Wednesday, August 17th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date of this dividend is Tuesday, August 16th. LPL Financial’s dividend payout ratio is currently 16.16%.

Insider Transactions at LPL Financial

In related news, CEO Dan H. Arnold sold 19,508 shares of the stock in a transaction that occurred on Friday, May 27th. The shares were sold at an average price of $200.36, for a total transaction of $3,908,622.88. Following the completion of the sale, the chief executive officer now directly owns 162,608 shares of the company’s stock, valued at $32,580,138.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CEO Dan H. Arnold sold 19,508 shares of the stock in a transaction that occurred on Friday, May 27th. The shares were sold at an average price of $200.36, for a total transaction of $3,908,622.88. Following the completion of the sale, the chief executive officer now directly owns 162,608 shares of the company’s stock, valued at $32,580,138.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Dan H. Arnold sold 39,015 shares of the stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $210.33, for a total transaction of $8,206,024.95. Following the sale, the chief executive officer now directly owns 162,608 shares of the company’s stock, valued at $34,201,340.64. The disclosure for this sale can be found here. In the last three months, insiders sold 74,247 shares of company stock valued at $14,822,792. Company insiders own 1.60% of the company’s stock.

Institutional Trading of LPL Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Prospera Financial Services Inc acquired a new stake in LPL Financial during the first quarter valued at approximately $222,000. Advisor Group Holdings Inc. lifted its position in shares of LPL Financial by 5.1% in the 4th quarter. Advisor Group Holdings Inc. now owns 29,953 shares of the financial services provider’s stock valued at $4,799,000 after acquiring an additional 1,448 shares in the last quarter. XML Financial LLC purchased a new stake in shares of LPL Financial in the 1st quarter valued at approximately $215,000. Atria Investments LLC lifted its position in shares of LPL Financial by 9.7% in the 4th quarter. Atria Investments LLC now owns 10,623 shares of the financial services provider’s stock valued at $1,701,000 after acquiring an additional 936 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its position in shares of LPL Financial by 5.7% in the 4th quarter. Victory Capital Management Inc. now owns 981,643 shares of the financial services provider’s stock valued at $157,151,000 after acquiring an additional 52,996 shares in the last quarter. 96.06% of the stock is owned by institutional investors and hedge funds.

About LPL Financial

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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 financial institutions in the United States. Its brokerage offerings include variable and fixed annuities, mutual funds, equities, retirement and education savings plans, fixed income, and insurance, as well as alternative investments, such as non-traded real estate investment trusts and auction rate notes.

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Earnings History and Estimates for LPL Financial (NASDAQ:LPLA)

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