Analysts expect LPL Financial Holdings Inc (NASDAQ:LPLA) to report earnings of $1.34 per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for LPL Financial’s earnings, with estimates ranging from $1.26 to $1.42. LPL Financial posted earnings per share of $0.89 during the same quarter last year, which indicates a positive year over year growth rate of 50.6%. The company is expected to announce its next earnings report on Thursday, February 7th.
On average, analysts expect that LPL Financial will report full year earnings of $5.16 per share for the current year, with EPS estimates ranging from $5.01 to $5.27. For the next financial year, analysts expect that the firm will report earnings of $6.10 per share, with EPS estimates ranging from $5.83 to $6.47. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover LPL Financial.
LPL Financial (NASDAQ:LPLA) last released its quarterly earnings results on Thursday, October 25th. The financial services provider reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.08. The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.30 billion. LPL Financial had a return on equity of 41.69% and a net margin of 7.68%.
NASDAQ LPLA traded down $0.54 on Friday, reaching $65.15. The company had a trading volume of 635,783 shares, compared to its average volume of 974,461. The firm has a market capitalization of $5.59 billion, a P/E ratio of 21.72, a PEG ratio of 0.83 and a beta of 1.59. LPL Financial has a 52-week low of $48.13 and a 52-week high of $73.28. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.43.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 26th. Shareholders of record on Thursday, November 8th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, November 7th. This represents a $1.00 dividend on an annualized basis and a yield of 1.53%. LPL Financial’s dividend payout ratio (DPR) is presently 33.33%.
In other LPL Financial news, Director Michelle Oroschakoff sold 6,000 shares of the company’s stock in a transaction on Monday, August 27th. The stock was sold at an average price of $67.11, for a total value of $402,660.00. Following the completion of the transaction, the director now owns 19,811 shares in the company, valued at approximately $1,329,516.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.60% of the stock is owned by corporate insiders.
Several hedge funds have recently bought and sold shares of LPLA. American Century Companies Inc. bought a new position in shares of LPL Financial during the 3rd quarter worth $47,906,000. Cornerstone Wealth Management LLC grew its stake in shares of LPL Financial by 6,674.0% during the 2nd quarter. Cornerstone Wealth Management LLC now owns 553,704 shares of the financial services provider’s stock worth $8,391,000 after acquiring an additional 545,530 shares during the period. FMR LLC grew its stake in shares of LPL Financial by 35.4% during the 3rd quarter. FMR LLC now owns 1,971,605 shares of the financial services provider’s stock worth $127,189,000 after acquiring an additional 515,091 shares during the period. Frontier Capital Management Co. LLC grew its stake in shares of LPL Financial by 28.8% during the 2nd quarter. Frontier Capital Management Co. LLC now owns 2,246,192 shares of the financial services provider’s stock worth $147,215,000 after acquiring an additional 502,850 shares during the period. Finally, Vaughan Nelson Investment Management L.P. grew its stake in shares of LPL Financial by 83.0% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 1,059,826 shares of the financial services provider’s stock worth $69,462,000 after acquiring an additional 480,575 shares during the period. Institutional investors own 94.47% of the company’s stock.
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 financial institutions in the United States. Its brokerage offerings include variable and fixed annuities, mutual funds, equities, retirement and 529 education savings plans, fixed income, and insurance, as well as alternative investments, such as non-traded real estate investment trusts and business development companies.
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