Q2 EPS Estimates for LPL Financial Cut by Zacks Research

LPL Financial Holdings Inc. (NASDAQ:LPLA) – Research analysts at Zacks Research dropped their Q2 2025 EPS estimates for shares of LPL Financial in a research report issued on Tuesday, December 3rd. Zacks Research analyst R. Department now expects that the financial services provider will post earnings per share of $4.45 for the quarter, down from their prior forecast of $4.51. The consensus estimate for LPL Financial’s current full-year earnings is $16.10 per share. Zacks Research also issued estimates for LPL Financial’s Q3 2025 earnings at $4.63 EPS, Q4 2025 earnings at $4.91 EPS, FY2025 earnings at $18.40 EPS and Q3 2026 earnings at $5.32 EPS.

LPL Financial (NASDAQ:LPLA) last posted its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $4.16 earnings per share for the quarter, beating analysts’ consensus estimates of $3.69 by $0.47. LPL Financial had a net margin of 8.73% and a return on equity of 49.47%. The firm had revenue of $3.11 billion for the quarter, compared to analyst estimates of $3.04 billion. During the same period last year, the firm posted $3.74 EPS. LPL Financial’s quarterly revenue was up 6.0% on a year-over-year basis.

A number of other research firms have also weighed in on LPLA. TD Cowen lifted their price objective on shares of LPL Financial from $271.00 to $277.00 and gave the company a “hold” rating in a research report on Thursday, October 31st. UBS Group raised their target price on LPL Financial from $215.00 to $250.00 and gave the company a “neutral” rating in a report on Tuesday, October 8th. Morgan Stanley raised their target price on LPL Financial from $303.00 to $309.00 and gave the company an “overweight” rating in a report on Thursday, October 17th. The Goldman Sachs Group raised their target price on LPL Financial from $271.00 to $305.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Barclays raised their target price on LPL Financial from $273.00 to $311.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $290.83.

LPL Financial Stock Performance

NASDAQ:LPLA opened at $330.65 on Wednesday. The firm’s fifty day moving average price is $282.60 and its 200 day moving average price is $256.83. LPL Financial has a 1-year low of $187.19 and a 1-year high of $332.54. The company has a debt-to-equity ratio of 1.60, a current ratio of 2.16 and a quick ratio of 2.16. The firm has a market cap of $24.76 billion, a price-to-earnings ratio of 24.86, a price-to-earnings-growth ratio of 1.58 and a beta of 0.86.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. FMR LLC raised its stake in shares of LPL Financial by 24.4% during the 3rd quarter. FMR LLC now owns 3,322,571 shares of the financial services provider’s stock worth $772,930,000 after buying an additional 650,675 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its position in LPL Financial by 9.9% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,589,793 shares of the financial services provider’s stock worth $723,329,000 after purchasing an additional 233,242 shares in the last quarter. Geode Capital Management LLC increased its position in LPL Financial by 2.6% during the 3rd quarter. Geode Capital Management LLC now owns 1,436,831 shares of the financial services provider’s stock worth $333,581,000 after purchasing an additional 36,474 shares in the last quarter. Samlyn Capital LLC increased its position in LPL Financial by 8.0% during the 2nd quarter. Samlyn Capital LLC now owns 1,194,715 shares of the financial services provider’s stock worth $333,684,000 after purchasing an additional 88,635 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in LPL Financial by 11.3% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 884,630 shares of the financial services provider’s stock worth $247,077,000 after purchasing an additional 90,020 shares in the last quarter. Institutional investors and hedge funds own 95.66% of the company’s stock.

LPL Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Thursday, November 14th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.36%. The ex-dividend date of this dividend was Thursday, November 14th. LPL Financial’s dividend payout ratio (DPR) is presently 9.02%.

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.