Q3 EPS Estimates for LPL Financial Boosted by Zacks Research

LPL Financial Holdings Inc. (NASDAQ:LPLA) – Investment analysts at Zacks Research increased their Q3 2026 earnings per share estimates for LPL Financial in a report released on Monday, September 8th. Zacks Research analyst Team now expects that the financial services provider will earn $5.86 per share for the quarter, up from their previous estimate of $5.73. The consensus estimate for LPL Financial’s current full-year earnings is $19.35 per share. Zacks Research also issued estimates for LPL Financial’s Q4 2026 earnings at $5.92 EPS, FY2026 earnings at $22.20 EPS, Q1 2027 earnings at $6.23 EPS, Q2 2027 earnings at $6.80 EPS and FY2027 earnings at $28.67 EPS.

LPL Financial (NASDAQ:LPLA) last posted its quarterly earnings data on Thursday, July 31st. The financial services provider reported $4.51 EPS for the quarter, topping analysts’ consensus estimates of $4.21 by $0.30. LPL Financial had a return on equity of 39.80% and a net margin of 7.91%.The company had revenue of $3.84 billion for the quarter, compared to analyst estimates of $3.77 billion. During the same period in the previous year, the firm earned $3.88 earnings per share. The firm’s quarterly revenue was up 30.8% on a year-over-year basis.

Several other equities research analysts have also recently weighed in on the stock. Keefe, Bruyette & Woods increased their price objective on shares of LPL Financial from $425.00 to $435.00 and gave the stock an “outperform” rating in a research report on Monday, August 4th. Wall Street Zen lowered LPL Financial from a “buy” rating to a “hold” rating in a research report on Saturday, June 14th. Barclays cut their target price on LPL Financial from $463.00 to $460.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 2nd. Wells Fargo & Company raised their target price on LPL Financial from $402.00 to $420.00 and gave the stock an “overweight” rating in a research note on Friday, July 11th. Finally, TD Cowen lowered LPL Financial from a “strong-buy” rating to a “hold” rating and dropped their price target for the company from $406.00 to $403.00 in a research note on Wednesday, July 9th. Ten investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $383.33.

LPL Financial Stock Down 0.2%

LPL Financial stock opened at $339.97 on Tuesday. The firm has a market cap of $27.20 billion, a price-to-earnings ratio of 23.25, a PEG ratio of 0.80 and a beta of 0.66. LPL Financial has a 52-week low of $204.41 and a 52-week high of $403.58. The company has a debt-to-equity ratio of 1.41, a quick ratio of 3.22 and a current ratio of 3.22. The firm has a 50 day moving average price of $369.78 and a two-hundred day moving average price of $354.36.

LPL Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Friday, August 15th. LPL Financial’s dividend payout ratio is 8.21%.

Insider Buying and Selling

In other news, Director Aneri Jambusaria sold 80 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $361.25, for a total transaction of $28,900.00. Following the transaction, the director directly owned 5,582 shares of the company’s stock, valued at $2,016,497.50. This represents a 1.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Greg Gates sold 1,500 shares of the business’s stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $374.05, for a total transaction of $561,075.00. Following the sale, the director owned 19,120 shares of the company’s stock, valued at $7,151,836. This trade represents a 7.27% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,580 shares of company stock worth $1,671,235. 0.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Osaic Holdings Inc. boosted its stake in LPL Financial by 25.7% during the 2nd quarter. Osaic Holdings Inc. now owns 13,084 shares of the financial services provider’s stock valued at $4,897,000 after purchasing an additional 2,673 shares during the last quarter. Orion Porfolio Solutions LLC lifted its holdings in shares of LPL Financial by 1.5% in the second quarter. Orion Porfolio Solutions LLC now owns 8,797 shares of the financial services provider’s stock valued at $3,298,000 after purchasing an additional 132 shares in the last quarter. Coppell Advisory Solutions LLC bought a new position in shares of LPL Financial in the second quarter valued at approximately $2,592,000. B. Riley Wealth Advisors Inc. purchased a new position in shares of LPL Financial during the second quarter valued at approximately $347,000. Finally, Anchor Investment Management LLC grew its holdings in LPL Financial by 6.0% during the second quarter. Anchor Investment Management LLC now owns 10,358 shares of the financial services provider’s stock worth $3,884,000 after buying an additional 587 shares in the last quarter. 95.66% of the stock is currently owned by institutional investors and hedge funds.

LPL Financial Company Profile

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.