Analysts expect that LPL Financial Holdings Inc (NASDAQ:LPLA) will post $1.65 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for LPL Financial’s earnings, with the lowest EPS estimate coming in at $1.63 and the highest estimate coming in at $1.70. LPL Financial posted earnings of $1.32 per share during the same quarter last year, which would indicate a positive year over year growth rate of 25%. The company is scheduled to announce its next quarterly earnings results on Thursday, October 24th.
According to Zacks, analysts expect that LPL Financial will report full year earnings of $7.12 per share for the current year, with EPS estimates ranging from $7.09 to $7.14. For the next year, analysts anticipate that the company will post earnings of $7.36 per share, with EPS estimates ranging from $7.11 to $7.55. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover LPL Financial.
LPL Financial (NASDAQ:LPLA) last announced its quarterly earnings results on Thursday, July 25th. The financial services provider reported $1.85 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.73 by $0.12. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.40 billion. LPL Financial had a return on equity of 57.63% and a net margin of 9.77%. LPL Financial’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.30 EPS.
In related news, CEO Dan H. Arnold sold 19,747 shares of the company’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $75.29, for a total value of $1,486,751.63. Following the completion of the transaction, the chief executive officer now directly owns 248,593 shares in the company, valued at $18,716,566.97. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Matthew J. Audette sold 12,500 shares of the company’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $76.67, for a total transaction of $958,375.00. Following the completion of the transaction, the chief financial officer now owns 30,943 shares of the company’s stock, valued at $2,372,399.81. The disclosure for this sale can be found here. Insiders have sold a total of 37,247 shares of company stock worth $2,803,477 in the last three months. Insiders own 2.20% of the company’s stock.
A number of large investors have recently made changes to their positions in LPLA. BlackRock Inc. boosted its stake in shares of LPL Financial by 3.0% during the 2nd quarter. BlackRock Inc. now owns 4,144,447 shares of the financial services provider’s stock worth $338,063,000 after acquiring an additional 120,006 shares during the last quarter. Natixis boosted its position in LPL Financial by 188.7% during the second quarter. Natixis now owns 83,279 shares of the financial services provider’s stock valued at $6,793,000 after purchasing an additional 54,430 shares during the last quarter. Royal Bank of Canada boosted its position in LPL Financial by 21.9% during the second quarter. Royal Bank of Canada now owns 4,743 shares of the financial services provider’s stock valued at $387,000 after purchasing an additional 851 shares during the last quarter. Verition Fund Management LLC boosted its position in LPL Financial by 179.0% during the second quarter. Verition Fund Management LLC now owns 14,549 shares of the financial services provider’s stock valued at $1,187,000 after purchasing an additional 9,334 shares during the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. boosted its position in LPL Financial by 3.9% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,179 shares of the financial services provider’s stock valued at $503,000 after purchasing an additional 234 shares during the last quarter. Institutional investors own 95.93% of the company’s stock.
NASDAQ:LPLA traded up $0.01 on Wednesday, reaching $71.18. The company’s stock had a trading volume of 1,093 shares, compared to its average volume of 732,089. LPL Financial has a 1-year low of $52.03 and a 1-year high of $89.89. The company has a debt-to-equity ratio of 2.55, a quick ratio of 1.42 and a current ratio of 1.42. The firm has a market cap of $6.02 billion, a PE ratio of 13.25, a PEG ratio of 0.69 and a beta of 1.33. The business’s 50-day moving average price is $79.53 and its two-hundred day moving average price is $78.24.
The firm also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Tuesday, August 13th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.00 dividend on an annualized basis and a yield of 1.40%. LPL Financial’s payout ratio is 18.76%.
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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