Brokers Issue Forecasts for LPL Financial Holdings Inc.’s Q2 2018 Earnings (LPLA)

LPL Financial Holdings Inc. (NASDAQ:LPLA) – Research analysts at William Blair upped their Q2 2018 earnings per share (EPS) estimates for LPL Financial Holdings in a note issued to investors on Friday. William Blair analyst C. Shutler now expects that the financial services provider will earn $0.87 per share for the quarter, up from their prior estimate of $0.85. William Blair also issued estimates for LPL Financial Holdings’ Q3 2018 earnings at $0.80 EPS, Q4 2018 earnings at $0.87 EPS and FY2019 earnings at $3.92 EPS.

LPL Financial Holdings (NASDAQ:LPLA) last issued its earnings results on Thursday, October 26th. The financial services provider reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.03. The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.08 billion. LPL Financial Holdings had a return on equity of 26.63% and a net margin of 5.19%. LPL Financial Holdings’s revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.58 earnings per share.

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A number of other brokerages have also recently issued reports on LPLA. Zacks Investment Research raised LPL Financial Holdings from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a report on Thursday. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $65.00 price target on shares of LPL Financial Holdings in a research report on Friday. ValuEngine lowered LPL Financial Holdings from a “buy” rating to a “hold” rating in a research report on Friday, October 6th. Morgan Stanley upped their price target on LPL Financial Holdings from $39.00 to $42.00 and gave the company an “underweight” rating in a research report on Thursday, October 5th. Finally, Nomura upped their price target on LPL Financial Holdings from $53.00 to $58.00 and gave the company a “buy” rating in a research report on Thursday, August 17th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $50.80.

LPL Financial Holdings (LPLA) opened at 49.88 on Monday. LPL Financial Holdings has a 1-year low of $30.77 and a 1-year high of $53.92. The firm has a market capitalization of $4.48 billion, a price-to-earnings ratio of 21.67 and a beta of 1.87. The firm’s 50-day moving average price is $50.84 and its 200 day moving average price is $44.81.

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 27th. Investors of record on Thursday, November 9th will be given a dividend of $0.25 per share. The ex-dividend date is Wednesday, November 8th. This represents a $1.00 annualized dividend and a dividend yield of 2.00%. LPL Financial Holdings’s payout ratio is 42.55%.

Several institutional investors have recently made changes to their positions in LPLA. Mckinley Capital Management LLC Delaware bought a new stake in shares of LPL Financial Holdings during the 2nd quarter valued at about $104,000. Public Employees Retirement Association of Colorado boosted its position in shares of LPL Financial Holdings by 1.9% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 2,776 shares of the financial services provider’s stock valued at $118,000 after purchasing an additional 52 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of LPL Financial Holdings by 8.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,794 shares of the financial services provider’s stock valued at $119,000 after purchasing an additional 211 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of LPL Financial Holdings during the 1st quarter valued at about $171,000. Finally, Teacher Retirement System of Texas boosted its position in shares of LPL Financial Holdings by 10.4% during the 2nd quarter. Teacher Retirement System of Texas now owns 6,514 shares of the financial services provider’s stock valued at $277,000 after purchasing an additional 611 shares in the last quarter. Institutional investors own 90.66% of the company’s stock.

About LPL Financial Holdings

LPL Financial Holdings Inc is a broker-dealer, a custodian for registered investment advisors and an independent consultant to retirement plans. The Company provides a platform of brokerage and investment advisory services to independent financial advisors, including financial advisors at financial institutions across the country.

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

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