University of Texas Texas AM Investment Management Co. Trims Stock Position in LPL Financial Holdings Inc. $LPLA

Posted by Brenda Bartman on Jun 16th, 2026

University of Texas Texas AM Investment Management Co. lowered its stake in shares of LPL Financial Holdings Inc. (NASDAQ:LPLA – Free Report) by 38.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 3,303 shares of the financial services provider’s stock after selling 2,040 shares during the period. University of Texas Texas AM Investment Management Co.’s holdings in LPL Financial were worth $1,180,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of LPLA. Osterweis Capital Management Inc. purchased a new position in shares of LPL Financial during the 2nd quarter valued at about $26,000. Clearstead Advisors LLC raised its stake in shares of LPL Financial by 3,650.0% during the 4th quarter. Clearstead Advisors LLC now owns 75 shares of the financial services provider’s stock valued at $27,000 after buying an additional 73 shares during the last quarter. Steigerwald Gordon & Koch Inc. grew its position in shares of LPL Financial by 550.0% during the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 78 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 66 shares during the period. Core Wealth Advisors LLC acquired a new stake in shares of LPL Financial during the 4th quarter valued at about $36,000. Finally, Pinpoint Asset Management Singapore Pte. Ltd. acquired a new stake in shares of LPL Financial during the 4th quarter valued at about $50,000. Hedge funds and other institutional investors own 95.66% of the company’s stock.

LPL Financial Price Performance

NASDAQ:LPLA opened at $295.32 on Tuesday. The company has a quick ratio of 2.56, a current ratio of 2.56 and a debt-to-equity ratio of 1.26. LPL Financial Holdings Inc. has a 52 week low of $260.15 and a 52 week high of $403.58. The stock has a market capitalization of $23.62 billion, a PE ratio of 26.37, a price-to-earnings-growth ratio of 0.61 and a beta of 0.50. The stock’s 50-day moving average price is $301.85 and its 200-day moving average price is $329.22.

LPL Financial (NASDAQ:LPLA – Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The financial services provider reported $5.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.49 by $0.11. LPL Financial had a return on equity of 31.26% and a net margin of 4.93%.The company had revenue of $4.94 billion for the quarter, compared to analysts’ expectations of $4.98 billion. During the same period in the previous year, the firm posted $5.15 EPS. LPL Financial’s revenue was up 34.6% compared to the same quarter last year. As a group, equities analysts expect that LPL Financial Holdings Inc. will post 22.98 EPS for the current fiscal year.

LPL Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 21st were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.4%. The ex-dividend date was Thursday, May 21st. LPL Financial’s payout ratio is presently 10.71%.

Insider Transactions at LPL Financial

In related news, CFO Matthew J. Audette sold 1,110 shares of LPL Financial stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $330.01, for a total value of $366,311.10. Following the sale, the chief financial officer directly owned 19,803 shares in the company, valued at approximately $6,535,188.03. The trade was a 5.31% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on LPLA. Morgan Stanley dropped their target price on LPL Financial from $447.00 to $374.00 and set an “overweight” rating on the stock in a research report on Friday, April 10th. William Blair restated an “outperform” rating on shares of LPL Financial in a research report on Thursday, June 4th. Keefe, Bruyette & Woods began coverage on LPL Financial in a research report on Wednesday, April 8th. They set an “outperform” rating and a $350.00 target price on the stock. Jefferies Financial Group dropped their target price on LPL Financial from $464.00 to $383.00 and set a “buy” rating on the stock in a research report on Monday, April 6th. Finally, Citizens Jmp restated a “market outperform” rating and set a $500.00 target price on shares of LPL Financial in a research report on Monday, April 6th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $398.86.

View Our Latest Stock Report on LPLA

About LPL Financial

(Free Report)

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.