LPL Financial Holdings Inc. (NASDAQ:LPLA) – Research analysts at SunTrust Banks lifted their Q1 2018 EPS estimates for shares of LPL Financial Holdings in a report released on Wednesday. SunTrust Banks analyst D. Mewhirter now expects that the financial services provider will post earnings of $0.82 per share for the quarter, up from their prior forecast of $0.80. SunTrust Banks has a “Buy” rating and a $55.00 price objective on the stock. SunTrust Banks also issued estimates for LPL Financial Holdings’ Q2 2018 earnings at $0.84 EPS, Q3 2018 earnings at $0.82 EPS, Q4 2018 earnings at $0.93 EPS and FY2018 earnings at $3.40 EPS.

LPL Financial Holdings (NASDAQ:LPLA) last issued its earnings results on Thursday, July 27th. The financial services provider reported $0.74 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.08. LPL Financial Holdings had a return on equity of 26.45% and a net margin of 5.10%. The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same period in the prior year, the business earned $0.53 EPS. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. TRADEMARK VIOLATION WARNING: This piece was first published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this piece on another website, it was stolen and reposted in violation of US and international trademark and copyright legislation. The legal version of this piece can be accessed at https://www.thecerbatgem.com/2017/08/17/q1-2018-earnings-forecast-for-lpl-financial-holdings-inc-issued-by-suntrust-banks-lpla.html.

Other research analysts have also issued reports about the company. Nomura upgraded LPL Financial Holdings from a “neutral” rating to a “buy” rating and raised their price target for the stock from $46.00 to $51.00 in a research report on Friday, April 28th. Citigroup Inc. upgraded LPL Financial Holdings from a “neutral” rating to a “buy” rating in a research report on Friday, April 28th. Instinet upgraded LPL Financial Holdings from a “neutral” rating to a “buy” rating and raised their price target for the stock from $46.00 to $51.00 in a research report on Friday, April 28th. BidaskClub upgraded LPL Financial Holdings from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. Finally, Zacks Investment Research upgraded LPL Financial Holdings from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a research report on Tuesday, July 4th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $43.91.

Shares of LPL Financial Holdings (NASDAQ:LPLA) traded down 1.25% during midday trading on Thursday, hitting $46.71. The company’s stock had a trading volume of 363,503 shares. LPL Financial Holdings has a 12-month low of $27.56 and a 12-month high of $48.56. The firm has a 50-day moving average of $44.46 and a 200 day moving average of $41.27. The firm has a market cap of $4.20 billion, a price-to-earnings ratio of 20.29 and a beta of 1.84.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LPLA. Retirement Capital Strategies raised its position in LPL Financial Holdings by 0.4% in the second quarter. Retirement Capital Strategies now owns 10,041 shares of the financial services provider’s stock worth $428,000 after buying an additional 41 shares during the period. Public Employees Retirement Association of Colorado raised its position in LPL Financial Holdings by 1.9% in the second quarter. Public Employees Retirement Association of Colorado now owns 2,776 shares of the financial services provider’s stock worth $118,000 after buying an additional 52 shares during the period. Hanseatic Management Services Inc. raised its position in LPL Financial Holdings by 0.4% in the second quarter. Hanseatic Management Services Inc. now owns 19,602 shares of the financial services provider’s stock worth $832,000 after buying an additional 83 shares during the period. The Manufacturers Life Insurance Company raised its position in LPL Financial Holdings by 8.2% in the second quarter. The Manufacturers Life Insurance Company now owns 2,794 shares of the financial services provider’s stock worth $119,000 after buying an additional 211 shares during the period. Finally, State of Wisconsin Investment Board raised its position in LPL Financial Holdings by 2.9% in the second quarter. State of Wisconsin Investment Board now owns 17,588 shares of the financial services provider’s stock worth $747,000 after buying an additional 490 shares during the period. Hedge funds and other institutional investors own 90.76% of the company’s stock.

In related news, insider William P. Jr. Morrissey sold 32,150 shares of LPL Financial Holdings stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $39.34, for a total value of $1,264,781.00. Following the completion of the transaction, the insider now directly owns 49,691 shares in the company, valued at $1,954,843.94. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 4.00% of the company’s stock.

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 24th. Investors of record on Thursday, August 10th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $1.00 dividend on an annualized basis and a yield of 2.11%. LPL Financial Holdings’s dividend payout ratio (DPR) is presently 43.48%.

LPL Financial Holdings Company Profile

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)

Receive News & Stock Ratings for LPL Financial Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LPL Financial Holdings Inc. and related stocks with our FREE daily email newsletter.