LPL Financial (LPLA) Scheduled to Post Quarterly Earnings on Tuesday

LPL Financial (NASDAQ:LPLA) will release its earnings data after the market closes on Tuesday, April 30th. Analysts expect LPL Financial to post earnings of $3.79 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

LPL Financial (NASDAQ:LPLA) last announced its quarterly earnings data on Thursday, February 1st. The financial services provider reported $3.51 EPS for the quarter, beating analysts’ consensus estimates of $3.33 by $0.18. The company had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.55 billion. LPL Financial had a net margin of 10.61% and a return on equity of 57.68%. The company’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.21 EPS. On average, analysts expect LPL Financial to post $16 EPS for the current fiscal year and $19 EPS for the next fiscal year.

LPL Financial Trading Up 0.3 %

NASDAQ LPLA opened at $266.32 on Friday. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.77 and a quick ratio of 1.77. The firm’s fifty day moving average price is $263.85 and its 200 day moving average price is $241.83. The company has a market capitalization of $19.89 billion, a price-to-earnings ratio of 19.51, a price-to-earnings-growth ratio of 1.29 and a beta of 0.84. LPL Financial has a 12 month low of $179.00 and a 12 month high of $274.35.

LPL Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Tuesday, March 12th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.45%. The ex-dividend date of this dividend was Monday, March 11th. LPL Financial’s payout ratio is currently 8.79%.

Insider Buying and Selling at LPL Financial

In other LPL Financial news, CEO Dan H. Arnold sold 10,000 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $256.35, for a total value of $2,563,500.00. Following the completion of the sale, the chief executive officer now directly owns 137,044 shares of the company’s stock, valued at approximately $35,131,229.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other LPL Financial news, CEO Dan H. Arnold sold 10,000 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $256.35, for a total transaction of $2,563,500.00. Following the completion of the sale, the chief executive officer now directly owns 137,044 shares of the company’s stock, valued at $35,131,229.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Kabir Sethi sold 1,300 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $266.50, for a total value of $346,450.00. Following the completion of the transaction, the director now owns 10,245 shares in the company, valued at approximately $2,730,292.50. The disclosure for this sale can be found here. In the last three months, insiders sold 60,151 shares of company stock valued at $15,911,088. 1.30% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Morgan Stanley upgraded shares of LPL Financial from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $254.00 to $315.00 in a research note on Tuesday, April 9th. Barclays lifted their price target on shares of LPL Financial from $302.00 to $312.00 and gave the stock an “overweight” rating in a report on Monday, April 8th. Raymond James began coverage on shares of LPL Financial in a report on Thursday, April 4th. They issued an “underperform” rating for the company. JPMorgan Chase & Co. lifted their price target on shares of LPL Financial from $254.00 to $260.00 and gave the company a “neutral” rating in a research report on Tuesday, April 2nd. Finally, JMP Securities lifted their price target on shares of LPL Financial from $290.00 to $305.00 and gave the company a “market outperform” rating in a research report on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $268.36.

About LPL Financial

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.