LPL Financial Holdings Inc. (LPLA) To Go Ex-Dividend on August 14th

LPL Financial Holdings Inc. (NASDAQ:LPLA) announced a quarterly dividend on Thursday, July 30th. Shareholders of record on Friday, August 14th will be paid a dividend of 0.30 per share by the financial services provider on Friday, August 28th. This represents a c) dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Friday, August 14th.

LPL Financial has increased its dividend payment by an average of 0.0%annually over the last three years. LPL Financial has a payout ratio of 5.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect LPL Financial to earn $28.96 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 4.1%.

LPL Financial Stock Performance

NASDAQ LPLA opened at $353.70 on Friday. The company’s fifty day moving average is $301.76 and its two-hundred day moving average is $316.27. LPL Financial has a 52-week low of $260.15 and a 52-week high of $403.58. The company has a debt-to-equity ratio of 1.26, a current ratio of 2.56 and a quick ratio of 2.56. The firm has a market capitalization of $28.29 billion, a price-to-earnings ratio of 28.21, a P/E/G ratio of 0.66 and a beta of 0.50.

LPL Financial (NASDAQ:LPLA) last announced its quarterly earnings data on Thursday, July 30th. The financial services provider reported $5.84 EPS for the quarter, beating analysts’ consensus estimates of $5.39 by $0.45. LPL Financial had a net margin of 5.13% and a return on equity of 32.80%. The business had revenue of $5.19 billion during the quarter, compared to analyst estimates of $5.04 billion. During the same quarter in the prior year, the business earned $4.51 earnings per share. The firm’s revenue for the quarter was up 35.2% on a year-over-year basis. Equities research analysts forecast that LPL Financial will post 23.38 EPS for the current year.

Wall Street Analysts Forecast Growth

LPLA has been the topic of several research reports. JPMorgan Chase & Co. boosted their price target on LPL Financial from $408.00 to $428.00 and gave the company an “overweight” rating in a research note on Friday. Morgan Stanley raised their price objective on LPL Financial from $374.00 to $387.00 and gave the stock an “overweight” rating in a research report on Friday, July 10th. Jefferies Financial Group decreased their price objective on LPL Financial from $464.00 to $383.00 and set a “buy” rating on the stock in a report on Monday, April 6th. Barclays boosted their price objective on LPL Financial from $394.00 to $401.00 and gave the company an “overweight” rating in a research report on Friday. Finally, Keefe, Bruyette & Woods upped their target price on LPL Financial from $365.00 to $390.00 and gave the company an “outperform” rating in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $406.62.

LPL Financial Company Profile

LPL Financial (NASDAQ: LPLA) is a U.S.-focused financial services firm that provides brokerage, custodial and advisory platforms to independent financial advisors, registered investment advisers and institutions. Operating primarily as an independent broker-dealer and custodian, the company supports a network of advisors with the operational, compliance and clearing infrastructure needed to manage client accounts and deliver investment advice outside of traditional wirehouse models.

The firm’s product and service offerings include trade execution and clearing, custody services, retirement plan services, model portfolio and advisory platforms, wealth management technology, investment research and product access across equities, fixed income, mutual funds, exchange-traded funds and insurance and annuity solutions.