LPL Financial Holdings Inc. (NASDAQ:LPLA) Updates On Dividend Release Date


On 2016-07-29, LPL Financial Holdings Inc. (NASDAQ:LPLA) confirmed the dividend disbursement of $0.25 a share to shareholders as on record 2016-08-11. The firm will release dividend on 2016-08-25 while ex-dividend date is reported to be 2016-08-09.

The shareholders who will hold their stock holding till the ex-dividend date will receive payout. Last year, LPL Financial Holdings Inc. (NASDAQ:LPLA) paid a total of $0.25 per share in dividends. This figure stood at $0.25 a share in the same period a year ago indicating a deviation of 4.1667%.

Analyst Opinion The sell-side market experts layering the stock estimates have established a price target of $32.2 on the stock. This figure is the average of recommendations offered by 5 brokerages. The brokerages had set bullish as well as bearish price estimates, which stands at $43 and $27, respectively.

Taking the mathematical rating formula, the price for LPL Financial Holdings Inc. (NASDAQ:LPLA) stands at 3.29. Earnings Review LPL Financial Holdings Inc. (NASDAQ:LPLA) will report its quarterly earnings for the period ending on 2016-09-30 by 2016-11-03. For the period ending on 2016-09-30, experts are expecting EPS of $0.39.

Coming to the quarter ending on 2015-12-31, LPL Financial Holdings Inc. (NASDAQ:LPLA) recorded EPS of $0.53. The reported numbers came lower than the analysts’ estimates of $0.43, demonstrating a miss of $0.1 as against reported figures.

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