Q2 2017 EPS Estimates for LPL Financial Holdings Inc. Increased by SunTrust Banks (LPLA)

LPL Financial Holdings Inc. (NASDAQ:LPLA) – SunTrust Banks boosted their Q2 2017 earnings estimates for shares of LPL Financial Holdings in a report released on Friday. SunTrust Banks analyst D. Mewhirter now expects that the brokerage will post earnings per share of $0.63 for the quarter, up from their prior estimate of $0.57. SunTrust Banks has a “Hold” rating and a $42.00 price target on the stock. SunTrust Banks also issued estimates for LPL Financial Holdings’ Q3 2017 earnings at $0.57 EPS, Q3 2018 earnings at $0.59 EPS, Q4 2018 earnings at $0.61 EPS and FY2018 earnings at $2.47 EPS.

Other equities analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of LPL Financial Holdings from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a report on Thursday, January 12th. Goldman Sachs Group, Inc. (The) raised shares of LPL Financial Holdings from a “sell” rating to a “neutral” rating and raised their target price for the stock from $34.00 to $40.00 in a report on Tuesday, January 10th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $32.96.

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

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LPL Financial Holdings (NASDAQ:LPLA) opened at 40.80 on Monday. The company’s 50-day moving average price is $38.37 and its 200-day moving average price is $33.64. LPL Financial Holdings has a 12-month low of $15.38 and a 12-month high of $42.86. The stock has a market cap of $3.64 billion, a PE ratio of 19.15 and a beta of 1.85.

LPL Financial Holdings (NASDAQ:LPLA) last posted its quarterly earnings data on Thursday, February 9th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.10. LPL Financial Holdings had a return on equity of 25.39% and a net margin of 4.74%. The company earned $1.01 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the previous year, the business earned $0.28 EPS. LPL Financial Holdings’s revenue was down 1.3% compared to the same quarter last year.

This report was reported by sleekmoney and is the sole property of of sleekmoney. If you are reading this report on another publication, it was illegally copied and republished in violation of US and international trademark and copyright law. The original version of this report can be accessed at http://sleekmoney.com/q2-2017-eps-estimates-for-lpl-financial-holdings-inc-increased-by-suntrust-banks-lpla/1660331.html.

A number of hedge funds have recently modified their holdings of LPLA. Clarkston Capital Partners LLC raised its position in LPL Financial Holdings by 3.7% in the third quarter. Clarkston Capital Partners LLC now owns 3,434,585 shares of the company’s stock worth $102,728,000 after buying an additional 122,650 shares in the last quarter. IBM Retirement Fund purchased a new position in LPL Financial Holdings during the third quarter worth approximately $246,000. California Public Employees Retirement System raised its position in LPL Financial Holdings by 1.3% in the third quarter. California Public Employees Retirement System now owns 208,900 shares of the company’s stock worth $6,248,000 after buying an additional 2,700 shares in the last quarter. Integrated Investment Consultants LLC raised its stake in shares of LPL Financial Holdings by 9.4% in the third quarter. Integrated Investment Consultants LLC now owns 4,675 shares of the company’s stock worth $149,000 after buying an additional 400 shares during the period. Finally, Nisa Investment Advisors LLC raised its stake in shares of LPL Financial Holdings by 700.0% in the third quarter. Nisa Investment Advisors LLC now owns 8,000 shares of the company’s stock worth $239,000 after buying an additional 7,000 shares during the period.

About LPL Financial Holdings

LPL Financial Holdings Inc is a broker-dealer, a custodian for registered investment advisors (RIAs) and an independent consultant to retirement plans. The Company provides a platform of brokerage and investment advisory services to independent financial advisors (its advisors), including financial advisors at approximately 700 financial institutions across the country.

5 Day Chart for NASDAQ:LPLA

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