LPL Financial Holdings Inc. (NASDAQ:LPLA) – Stock analysts at William Blair raised their Q2 2017 earnings per share (EPS) estimates for LPL Financial Holdings in a report released on Monday. William Blair analyst C. Shutler now expects that the financial services provider will earn $0.72 per share for the quarter, up from their previous estimate of $0.69. William Blair also issued estimates for LPL Financial Holdings’ Q3 2017 earnings at $0.70 EPS, FY2017 earnings at $2.65 EPS and FY2018 earnings at $3.11 EPS.

LPL Financial Holdings (NASDAQ:LPLA) last released its earnings results on Thursday, April 27th. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.30. LPL Financial Holdings had a net margin of 4.65% and a return on equity of 25.04%. The business had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same period last year, the company earned $0.56 earnings per share. The company’s quarterly revenue was up 3.0% on a year-over-year basis.

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Several other brokerages have also recently commented on LPLA. Nomura raised LPL Financial Holdings from a “neutral” rating to a “buy” rating and boosted their price target for the company from $46.00 to $51.00 in a research note on Friday, April 28th. Citigroup Inc. raised LPL Financial Holdings from a “neutral” rating to a “buy” rating in a research note on Friday, April 28th. Instinet raised LPL Financial Holdings from a “neutral” rating to a “buy” rating and boosted their price target for the company from $46.00 to $51.00 in a research note on Friday, April 28th. Keefe, Bruyette & Woods raised LPL Financial Holdings from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $44.00 to $48.00 in a research note on Friday, April 28th. Finally, Zacks Investment Research cut LPL Financial Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, April 12th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. LPL Financial Holdings currently has an average rating of “Buy” and an average target price of $42.73.

Shares of LPL Financial Holdings (LPLA) opened at 45.29 on Tuesday. The company has a 50 day moving average of $42.18 and a 200 day moving average of $40.39. LPL Financial Holdings has a 52-week low of $23.88 and a 52-week high of $45.62. The firm has a market capitalization of $4.10 billion, a PE ratio of 21.67 and a beta of 1.82.

A number of large investors have recently made changes to their positions in LPLA. Elkfork Partners LLC bought a new stake in shares of LPL Financial Holdings during the first quarter worth about $190,000. AQR Capital Management LLC bought a new stake in shares of LPL Financial Holdings during the fourth quarter worth about $1,201,000. Waratah Capital Advisors Ltd. bought a new stake in shares of LPL Financial Holdings during the first quarter worth about $379,000. Bogle Investment Management L P DE bought a new stake in shares of LPL Financial Holdings during the first quarter worth about $1,296,000. Finally, James Investment Research Inc. bought a new stake in shares of LPL Financial Holdings during the first quarter worth about $142,000. 90.80% of the stock is owned by hedge funds and other institutional investors.

In other LPL Financial Holdings news, insider William P. Jr. Morrissey sold 32,150 shares of the company’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $39.34, for a total transaction of $1,264,781.00. Following the completion of the sale, the insider now owns 49,691 shares of the company’s stock, valued at $1,954,843.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.70% of the stock is owned by corporate insiders.

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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