Ebene Magazine – Q2 2021 Earnings Forecast for LPL Financial Holdings Inc. (NASDAQ: LPLA), issued by Jefferies Financial Group

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Ebene Magazine - Q2 2021 Earnings Forecast for LPL Financial Holdings Inc. (NASDAQ: LPLA), issued by Jefferies Financial Group

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LPL Financial Holdings Inc. (NASDAQ: LPLA) – Analysts at Jefferies Financial Group have their estimates for the Earnings per share (EPS) for the second quarter of 2021 for LPL Financial increased in a notice issued to investors on Friday, February 5th. Jefferies Financial Group analyst G. O’hara now expects the financial services company to earn $ 1.76 per share for the quarter, compared to its previous forecast of $ 1.66. Jefferies Financial Group also announced earnings estimates for LPL Financial for the third quarter of 2021 at $ 1.66 per share, for the fourth quarter of 2021 at $ 1.85 per share, and for fiscal 2021 at $ 6.91 per share.

LPLA has been the subject of a number of other reports. Compass Point raised its target price for LPL Financial from USD 85.00 to USD 112.00 and rated the share as « Buy » in a research note on Friday, December 18. Citigroup Inc. 3% Minimum Coupon Principal Protected Based by Russell raised its target price for LPL Financial from $ 132.50 to $ 145.00 and gave the stock a « Buy » rating in a report on Tuesday, November 17th. Barclays raised its target price on LPL Financial from $ 110.00 to $ 130.00 and rated the stock as overweight in a report on Tuesday, January 12th. Smith Barney Citigroup raised its target price for LPL Financial from USD 113.50 to USD 132.50 in a report on Wednesday November 11th. Finally, Wells Fargo & Company raised its target price for LPL Financial from $ 110.00 to $ 122.00 in a report on Monday, January 4th. One equity research analyst has given the stock a hold rating, eight have a buy rating, and one has a strong buy rating. LPL Financial has an average « Buy » rating and an average price target of $ 106.64.

LPLA shares opened at $ 125.68 on Monday. LPL Financial has a 52-week low of $ 32.01 and a 52-week high of $ 127.20. The company has a market cap of $ 9.97 billion, a PE ratio of 20.91, and a beta of 1.49. The stock has a fifty day simple moving average of $ 110.59 and a two hundred day simple moving average of $ 90.60. The company has a quick rate of 1.31, a current rate of 1.30, and a leverage ratio of 2.03. LPL Financial (NASDAQ: LPLA) last released its results on Thursday February 4th. The financial services company reported earnings per share of $ 1.53 for the quarter, beating analysts’ consensus estimate of $ 1.36 by $ 0.17. LPL Financial achieved a return on equity of 49.27% ​​and a net margin of 8.50%. (adsbygoogle = window.adsbygoogle || []). push ({});

A number of hedge funds recently bought and sold LPLA stock. Wedge Capital Management acquired a new stake in LPL Financial in the 3rd quarter valued at approximately $ 326,000. Envestnet Asset Management Inc. increased its position in LPL Financial by 5.5% in the third quarter. Envestnet Asset Management Inc. now holds 24,748 shares in the financial services company, valued at $ 1,897,000, after purchasing an additional 1,294 shares in the most recent quarter. Tributary Capital Management LLC increased its position in LPL Financial by 45.5% in the 3rd quarter. Tributary Capital Management LLC now owns 14,400 shares of the financial services company valued at $ 1,104,000 after purchasing an additional 4,500 shares in the last quarter. The First Midwest Bank Trust Division increased its position in LPL Financial by 90.5% in the third quarter. The First Midwest Bank Trust Division now holds 18,613 shares in the financial services company, valued at $ 1,427,000, after purchasing an additional 8,840 shares last quarter. Finally, Oliver Luxxe Assets LLC increased its position in LPL Financial by 4.5% in the 3rd quarter. Oliver Luxxe Assets LLC now owns 12,815 shares in the financial services company valued at $ 983,000 after purchasing an additional 550 shares in the last quarter. Institutional investors currently hold 95.68% of the company’s shares.

In related news, director Michelle Oroschakoff sold 4,000 shares in the company in a transaction dated Thursday, November 12th. The stock was sold at an average price of $ 86.79 for a total transaction of $ 347,160.00. Upon completion of the transaction, the director now directly owns 23,857 shares in the company valued at approximately $ 2,070,549.03. The sale was disclosed in a document filed with the Securities & Exchange Commission and accessible via this hyperlink. In addition, Director Sallie R. Larsen sold 5,225 shares in the company on Tuesday, November 24th. The shares were sold at an average price of $ 95.00 for a total value of $ 496,375.00. Following the transaction, the director now holds 22,680 shares of the company valued at $ 2,154,600. The disclosure for this sale can be found here. Insiders sold a total of 15,525 shares in the company for $ 1,418,221 in the past 90 days. 2.30% of the shares are currently owned by insiders.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 30th. A dividend of $ 0.25 per share will be paid to registered investors on Tuesday, March 16. This equates to an annual dividend of $ 1.00 and a yield of 0.80%. The ex-dividend date of this dividend is Monday March 15th. LPL Financial’s payout ratio (DPR) is 13.93%.

LPL Financial Holdings Inc, together with its subsidiaries, provides an integrated platform for brokerage and investment advisory services to independent financial advisors and financial advisors at financial institutions in the United States. Brokerage offerings include variable and fixed annuities, mutual funds, stocks, retirement and education plans, fixed income and insurance, as well as alternative investments such as non-traded real estate mutual funds and corporate development companies.

This instant message alert was generated by narrative science technology and financial data from MarketBeat to help readers enable the fastest and most accurate reporting. This story has been reviewed by the editorial staff of MarketBeat prior to publication. Please send any questions or comments about this story to [email protected]

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