LPL Financial Holdings Inc. (NASDAQ:LPLA) – Analysts at William Blair cut their Q4 2017 earnings per share (EPS) estimates for LPL Financial Holdings in a note issued to investors on Monday. William Blair analyst C. Shutler now expects that the financial services provider will post earnings per share of $0.72 for the quarter, down from their prior forecast of $0.73.

LPL Financial Holdings (NASDAQ:LPLA) last posted its quarterly earnings results on Thursday, April 27th. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.30. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.01 billion. LPL Financial Holdings had a net margin of 4.65% and a return on equity of 25.04%. The firm’s revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.56 earnings per share. ILLEGAL ACTIVITY WARNING: “William Blair Comments on LPL Financial Holdings Inc.’s Q4 2017 Earnings (NASDAQ:LPLA)” was originally published by Daily Political and is the sole property of of Daily Political. If you are accessing this story on another publication, it was illegally stolen and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this story can be viewed at https://www.dailypolitical.com/2017/07/26/william-blair-comments-on-lpl-financial-holdings-inc-s-q4-2017-earnings-nasdaqlpla.html.

LPLA has been the topic of several other research reports. Keefe, Bruyette & Woods set a $44.00 price objective on LPL Financial Holdings and gave the company a “hold” rating in a report on Thursday, April 6th. Nomura upgraded LPL Financial Holdings from a “neutral” rating to a “buy” rating and boosted their target price for the company from $46.00 to $51.00 in a research note on Friday, April 28th. Citigroup Inc. boosted their target price on LPL Financial Holdings from $47.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, May 10th. Instinet upgraded LPL Financial Holdings from a “neutral” rating to a “buy” rating and boosted their target price for the company from $46.00 to $51.00 in a research note on Friday, April 28th. Finally, SunTrust Banks, Inc. restated a “hold” rating and issued a $42.00 target price on shares of LPL Financial Holdings in a research note on Thursday, April 6th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. LPL Financial Holdings presently has a consensus rating of “Buy” and an average target price of $42.73.

LPL Financial Holdings (LPLA) traded up 1.09% during mid-day trading on Wednesday, hitting $46.50. 265,444 shares of the stock were exchanged. The stock has a market capitalization of $4.20 billion, a P/E ratio of 22.25 and a beta of 1.82. LPL Financial Holdings has a 12-month low of $23.88 and a 12-month high of $46.62. The firm has a 50-day moving average price of $42.18 and a 200-day moving average price of $40.39.

In other LPL Financial Holdings news, insider William P. Jr. Morrissey sold 32,150 shares of the company’s stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $39.34, for a total value of $1,264,781.00. Following the transaction, the insider now directly owns 49,691 shares of the company’s stock, valued at approximately $1,954,843.94. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 5.70% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of LPLA. BlackRock Inc. raised its position in shares of LPL Financial Holdings by 11,835.9% in the first quarter. BlackRock Inc. now owns 3,512,602 shares of the financial services provider’s stock worth $139,907,000 after buying an additional 3,483,173 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in shares of LPL Financial Holdings during the first quarter worth approximately $46,765,000. Vanguard Group Inc. raised its position in shares of LPL Financial Holdings by 16.7% in the first quarter. Vanguard Group Inc. now owns 7,952,138 shares of the financial services provider’s stock worth $316,734,000 after buying an additional 1,136,785 shares in the last quarter. Janus Capital Management LLC raised its position in shares of LPL Financial Holdings by 13.1% in the first quarter. Janus Capital Management LLC now owns 8,996,531 shares of the financial services provider’s stock worth $358,332,000 after buying an additional 1,038,731 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of LPL Financial Holdings by 448.8% in the first quarter. Principal Financial Group Inc. now owns 985,776 shares of the financial services provider’s stock worth $39,263,000 after buying an additional 806,159 shares in the last quarter. 90.80% of the stock is currently owned by hedge funds and other institutional investors.

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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