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Jefferies Financial Group Makes a Remark on LPL Financial Holdings Inc.’s Fiscal Year 2022 Earnings (NASDAQ:LPLA)

Jefferies Financial Group Makes a Remark on LPL Financial Holdings Inc.’s Fiscal Year 2022 Earnings (NASDAQ:LPLA)

(LPLA) LPL Financial Holdings Inc. In a research report published on Thursday, January 5, the Jefferies Financial Group raised their projections for LPL Financial’s earnings per share (EPS) for the fiscal year 2022. An analyst named G. O’Hara, who works for Jefferies Financial Group, has raised his earlier projection of the financial services provider’s earnings per share, bringing it up from $10.89 to $11.28. The current earnings forecast for LPL Financial for the entire year is 11.32 dollars per share, according to the consensus estimate. LPL Financial is projected to earn $3.96 per share in the fourth quarter of 2022, $4.79 per share in the second quarter of 2023, $4.77 per share in the third quarter of 2023, $4.96 per share in the fourth quarter of 2023, and $19.17 per share in the fiscal year 2023, as stated by Jefferies Financial Group.
LPL Financial (NASDAQ: LPLA) announced its quarterly earnings results on Thursday, October 27, October 27. The financial services company reported earnings per share for the quarter that came in at $3.13, which is $0.29 higher than the consensus estimate of $2.84 posted by the company. In addition, the company’s quarterly revenue came in at $2.16 billion, comparable to the projections of revenue of $2.16 billion made by industry professionals. LPL Financial had a successful performance, evidenced by its respectable net margin of 7.59% and 40.28% return on equity.
When the market opened, trading for the NASDAQ LPLA started at $220.00 on Friday. The company’s share price is currently trading at $220.37, which is lower than its fifty-day moving average price of $229.02 and its 200-day moving average price of $229.02. The stock’s price-to-earnings ratio is 28.24, the price-to-growth ratio is 0.21, and the stock has a beta value of 0.92. The company’s total value, as measured by its market capitalization, is $17.51 billion. There is a ratio of 1.50 for the current ratio, a ratio of 1.50 for the quick ratio, and a ratio of 1.36 for the debt-to-equity ratio. During the past year, LPL Financial experienced an all-time high of $271.56 and a low of $140.65.
Recent occurrences have caused a substantial increase in equity analysts concentrating their attention on LPLA. The Credit Suisse Group stated in a report made public on Thursday, November 17, that they had increased their price objective on LPL Financial from $276.00 to $285.00. In a report distributed on November 17 and November 17, UBS Group lowered its price objective for LPL Financial from $305.00 to $230.00 and changed its recommendation for the company from “buy” to “neutral.” Both of these changes were made. On Wednesday, October 12 October 12, published a research note on their website, which marked the beginning of the company’s coverage of LPL Financial. They advised their clients to “hold” the stock moving forward. Citigroup began coverage of LPL Financial on October 11 and 11 by publishing a research report on the company as part of its initial move into the market. They recommended purchasing the stock and anticipated that it would eventually reach a price of $290.00. JMP Securities upgraded LPL Financial from a rating of “market outperform” to a rating of “strong buy” and increased their price target on the company from $245.00 to $270.00 in a research report published on Tuesday, October 11. The company’s stock has been assigned six ratings by equity research analysts, three of which are bought ratings and three of which are held ratings. According to reports on, the price objective for the stock is set at $257.33, and it is said to have a consensus recommendation of “Moderate Buy.”
In addition, the company announced the payment of a quarterly dividend on November 28 and November 28, which was then distributed to shareholders. On


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