It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.It also includes access to the Zacks Style Scores.What ar ...

Group 1 - The Zacks Style Scores provide a unique rating system for stocks based on value, growth, and momentum, helping investors identify securities with high potential to outperform the market in the short term [2][3][4] - Each stock is rated from A to F, with A indicating the highest potential for outperformance, and the Style Scores are categorized into Value Score, Growth Score, Momentum Score, and VGM Score [3][4][5] - The Zacks Rank is a proprietary model that leverages earnings estimate revisions to assist investors in building successful portfolios, with 1 (Strong Buy) stocks achieving an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [6][7] Group 2 - LPL Financial Holdings Inc. is identified as a stock to watch, currently holding a 3 (Hold) rating on the Zacks Rank, with a VGM Score of A, indicating strong potential [11] - The company is projected to experience year-over-year earnings growth of 1.3% for the current fiscal year, with upward revisions in earnings estimates from analysts [12] - The Zacks Consensus Estimate for LPLA has increased by $0.07 to $15.92 per share, and the company has an average earnings surprise of 9%, making it a strong candidate for growth investors [12]

Financial Data and Key Metrics Changes - Total assets reached a record $1.6 trillion, with organic net new assets of $27 billion, representing a 7% annualized growth rate [10] - Adjusted EPS for the quarter was $4.16, with gross profit of $1.128 billion, up $49 million sequentially [25] - Client cash revenue was $372 million, up $11 million from Q2, with overall client cash balances ending at $46 billion, an increase of $2 billion sequentially [26] Business Line Data and Key Metrics Changes - Recruited assets for Q3 were $26 billion, with a total of $87 billion for the trailing 12 months, both records excluding large institution onboarding [12] - In the traditional independent market, recruiting reached approximately $23 billion in assets, marking a new quarterly high [13] - Service and Fee revenue was $146 million in Q3, up $11 million from Q2 [28] Market Data and Key Metrics Changes - The company is preparing to onboard the retail wealth management businesses of Prudential Financial and Wintrust Financial, expected to add approximately $76 billion of brokerage and advisory assets by early 2025 [14] - The company has made significant progress in the large institution marketplace, enhancing its capabilities to serve larger institutions [60] Company Strategy and Development Direction - The long-term vision is to become the leader in the advisor-centered marketplace, focusing on creating a culture and capabilities for sustainable outperformance [9] - The strategy includes investing back into the platform and providing unmatched flexibility for advisors [11] - The company aims to drive operating leverage through efficiency improvements and operational transformation [46][92] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ongoing demand for investor advice and the attractiveness of the independent model, which positions the company favorably in the marketplace [48][49] - The management team emphasized the importance of maintaining client centricity and empowering employees to make decisions that support client success [43][44] Other Important Information - The company closed the acquisition of Atria Wealth Solutions, welcoming approximately 2,200 advisors and 160 institutions [14] - The company plans to restart share repurchases in Q4, anticipating buying back $100 million of shares [39] Q&A Session Summary Question: Key priorities for the business over the next one to two years - Management identified three top priorities: maintaining client centricity, empowering employees, and driving operating leverage [43][46] Question: Sources of growth in cash balances - Management noted that cash balances are stabilizing and emphasized the importance of organic growth in driving future cash balance increases [55] Question: Strategic vision for institutional and private wealth channels - Management discussed the growth opportunities in the institutional channel and the private wealth market, highlighting the company's capabilities and partnerships [60][68] Question: Free cash flow conversion and cash liquidity objectives - Management indicated a focus on maintaining a leverage ratio of 1.5x to 2.5x and returning to typical cash levels around $200 million [96][98] Question: Liquidity and succession offering traction - Management highlighted the unique liquidity and succession solutions being well-received by advisors, enhancing recruitment efforts [81][84]

LPL Financial Holdings Inc. (LPLA) reported $3.11 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 23.2%. EPS of $4.16 for the same period compares to $3.74 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $3.01 billion, representing a surprise of +3.40%. The company delivered an EPS surprise of +12.74%, with the consensus EPS estimate being $3.69. While investors closely watch year-over-year changes in headline numbers -- revenue ...

LPL Financial Holdings Inc. (LPLA) came out with quarterly earnings of $4.16 per share, beating the Zacks Consensus Estimate of $3.69 per share. This compares to earnings of $3.74 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 12.74%. A quarter ago, it was expected that this company would post earnings of $3.66 per share when it actually produced earnings of $3.88, delivering a surprise of 6.01%. Over the last four quarters, ...

Core Viewpoint - LPL Financial Holdings Inc. (LPLA) is expected to report quarterly earnings of $3.69 per share, a decline of 1.3% year-over-year, while revenues are forecasted to increase by 19.2% to $3.01 billion [1] Earnings Estimates - The consensus EPS estimate has been revised downward by 3.2% over the past 30 days, indicating a collective reassessment by analysts [2] - Changes in earnings estimates are crucial for predicting investor reactions, with empirical studies showing a strong correlation between earnings estimate revisions and short-term stock performance [3] Revenue Projections - Analysts estimate 'Revenue- Advisory' at $1.35 billion, reflecting a year-over-year increase of 24.7% [5] - 'Revenue- Commission' is projected at $798.35 million, indicating a 24% increase from the prior year [5] - 'Revenue- Service and fee' is expected to reach $145.61 million, a 7.3% increase year-over-year [5] - 'Revenue- Transaction' is forecasted at $59.13 million, suggesting a 17.8% increase [6] - 'Revenue- Asset-based fees' is estimated at $629.73 million, reflecting a 7.6% increase [6] Asset Management Metrics - Total Advisory and Brokerage Assets are projected to reach $1,589.11 billion, up from $1,238.4 billion year-over-year [7] - Total Advisory and Brokerage Assets - Brokerage Assets are expected to be $712.08 billion, compared to $575.7 billion last year [6] Advisor and Asset Growth - The consensus for the 'Number of advisors' stands at 25,029, up from 22,404 in the same quarter last year [8] - 'Net New Assets (NNA) - Net new advisory assets' is expected to reach $27.06 billion, compared to $22.7 billion a year ago [8] - Total Net New Assets are projected at $33.70 billion, slightly up from $33.2 billion last year [9] - 'Net New Assets (NNA) - Net New Brokerage Assets' is expected to be $6.65 billion, down from $10.5 billion year-over-year [9] Stock Performance - Shares of LPL Financial have increased by 13.6% in the past month, outperforming the Zacks S&P 500 composite, which rose by 1.7% [9]

The market expects LPL Financial Holdings Inc. (LPLA) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expec ...

Group 1 - Zacks Premium offers various tools for investors to enhance their stock market strategies, including daily updates, research reports, and stock screens [1] - The Zacks Style Scores are designed to help investors select stocks with the highest potential to outperform the market within a 30-day timeframe, rated from A to F based on value, growth, and momentum [2][3] Group 2 - The Value Score identifies attractive stocks using financial ratios such as P/E and Price/Sales, appealing to value investors [3] - The Growth Score focuses on a company's future prospects by analyzing earnings, sales, and cash flow, catering to growth investors [3] - The Momentum Score assists investors in capitalizing on price trends by evaluating recent price changes and earnings estimate shifts [4] Group 3 - The VGM Score combines all three Style Scores, providing a comprehensive indicator for investors seeking stocks with strong value, growth, and momentum [5] - The Zacks Rank, a proprietary stock-rating model, utilizes earnings estimate revisions to simplify portfolio building [6] Group 4 - Stocks rated 1 (Strong Buy) have historically achieved an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [7] - Investors are encouraged to select stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B for optimal investment potential [8] Group 5 - LPL Financial Holdings Inc. is a clearing broker-dealer and investment advisory firm, currently rated 3 (Hold) with a VGM Score of A [10] - The company has a Value Style Score of B, supported by a forward P/E ratio of 13.98, indicating attractive valuation metrics [11] - Recent earnings estimates for fiscal 2024 have been revised upward, with the Zacks Consensus Estimate increasing by $0.05 to $15.88 per share, alongside an average earnings surprise of 6.8% [11]

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both. The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor. Zacks Premium also includes the Zacks Style Scores. What are the Zacks Style Scores? The Za ...

Company Overview - LPL Financial's total brokerage and advisory assets reached $1.56 trillion at the end of August 2024, marking a 2% increase from the previous month and a 22.7% increase year over year [1] - Brokerage assets accounted for $690.6 billion, growing 1.8% from July 2024 and 17% year over year, while advisory assets totaled $869.5 billion, rising 2.2% from the previous month and 27.7% from August 2023 [1] Net New Assets - Total net new assets (NNAs) for August 2024 were $6.8 billion, which included $0.3 billion from acquired net new assets related to Liquidity & Succession activity [2] - NNAs decreased from $9 billion in July 2024 and $13.1 billion in August 2023; excluding off-boarded assets from a planned separation, total NNAs would have been $10.4 billion [2] Client Cash Balance - The total client cash balance was reported at $43.3 billion in August, down 1.6% from the prior month and 9.2% from August 2023 [3] - Of this total, $30.4 billion was insured cash, $9.3 billion was deposit cash, with the remainder consisting of money-market sweep and client cash balance [3] Market Position and Performance - LPL Financial's recruiting efforts and advisor productivity are expected to support advisory revenues, with plans for strategic acquisitions to diversify operations [4] - However, the company faces a challenging operating backdrop that may impact financial performance in the near term [4] Competitive Landscape - In comparison, Charles Schwab reported core NNAs of $32.8 billion in August 2024, up 13% from the previous month and significantly higher than $4.9 billion in the same month last year [8] - Schwab's total client assets reached $9.74 trillion, reflecting a 2% increase from July 2024 and a 20% increase year over year [8] - Interactive Brokers reported a 40.4% increase in client Daily Average Revenue Trades (DARTs) year over year, totaling 2,712,000 in August 2024 [7]