Brokerages predict that LPL Financial Holdings Inc (NASDAQ:LPLA) will announce sales of $1.40 billion for the current fiscal quarter, according to Zacks. Three analysts have made estimates for LPL Financial’s earnings, with estimates ranging from $1.38 billion to $1.42 billion. LPL Financial posted sales of $1.30 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 7.7%. The firm is expected to report its next quarterly earnings results on Thursday, July 25th.

According to Zacks, analysts expect that LPL Financial will report full-year sales of $5.53 billion for the current financial year, with estimates ranging from $5.29 billion to $5.70 billion. For the next year, analysts anticipate that the business will post sales of $5.86 billion, with estimates ranging from $5.50 billion to $6.09 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for LPL Financial.

LPL Financial (NASDAQ:LPLA) last announced its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $1.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.60 by $0.33. The company had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.35 billion. LPL Financial had a return on equity of 53.97% and a net margin of 9.42%. The firm’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.01 EPS.

A number of brokerages have issued reports on LPLA. BidaskClub downgraded LPL Financial from a “buy” rating to a “hold” rating in a research note on Friday, March 22nd. Zacks Investment Research raised LPL Financial from a “hold” rating to a “buy” rating and set a $94.00 target price for the company in a research note on Wednesday, May 8th. Compass Point downgraded LPL Financial from a “buy” rating to a “neutral” rating and set a $84.13 target price for the company. in a research note on Wednesday, May 8th. Citigroup raised their target price on LPL Financial to $100.00 and gave the stock a “buy” rating in a research note on Friday, February 1st. Finally, Morgan Stanley set a $70.00 target price on LPL Financial and gave the stock a “hold” rating in a research note on Friday, February 8th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $83.52.

LPLA stock traded down $3.11 during midday trading on Wednesday, reaching $79.78. The stock had a trading volume of 618,081 shares, compared to its average volume of 787,246. The company has a debt-to-equity ratio of 2.60, a quick ratio of 1.34 and a current ratio of 1.40. The firm has a market capitalization of $6.66 billion, a P/E ratio of 14.97, a PEG ratio of 0.79 and a beta of 1.61. LPL Financial has a 52-week low of $52.03 and a 52-week high of $85.00.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Monday, May 20th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date is Friday, May 17th. LPL Financial’s payout ratio is 18.76%.

In related news, insider Tracy Calder sold 500 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $84.25, for a total transaction of $42,125.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Thomas Gooley sold 25,392 shares of the firm’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $74.06, for a total value of $1,880,531.52. Following the sale, the insider now directly owns 17,293 shares of the company’s stock, valued at $1,280,719.58. The disclosure for this sale can be found here. Insiders have sold a total of 47,034 shares of company stock valued at $3,560,188 over the last three months. Corporate insiders own 2.20% of the company’s stock.

Large investors have recently modified their holdings of the stock. LPL Financial LLC grew its position in LPL Financial by 11.1% in the 4th quarter. LPL Financial LLC now owns 20,196 shares of the financial services provider’s stock valued at $1,234,000 after acquiring an additional 2,011 shares in the last quarter. Boston Advisors LLC acquired a new position in LPL Financial in the 4th quarter valued at about $4,092,000. CIBC Asset Management Inc grew its position in LPL Financial by 14.0% in the 4th quarter. CIBC Asset Management Inc now owns 35,780 shares of the financial services provider’s stock valued at $2,185,000 after acquiring an additional 4,405 shares in the last quarter. APG Asset Management N.V. grew its position in LPL Financial by 75.7% in the 4th quarter. APG Asset Management N.V. now owns 887,500 shares of the financial services provider’s stock valued at $47,420,000 after acquiring an additional 382,400 shares in the last quarter. Finally, Prudential Financial Inc. grew its position in LPL Financial by 1,458.4% in the 4th quarter. Prudential Financial Inc. now owns 271,686 shares of the financial services provider’s stock valued at $16,595,000 after acquiring an additional 254,252 shares in the last quarter. 94.29% of the stock is owned by hedge funds and other institutional investors.

About LPL Financial

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 financial institutions in the United States. Its brokerage offerings include variable and fixed annuities, mutual funds, equities, retirement and 529 education savings plans, fixed income, and insurance, as well as alternative investments, such as non-traded real estate investment trusts and business development companies.

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

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