LPL Financial (NASDAQ:LPLA) Given New $390.00 Price Target at Keefe, Bruyette & Woods

Posted by Stanley Muller on Aug 1st, 2026

LPL Financial (NASDAQ:LPLA – Free Report) had its target price hoisted by Keefe, Bruyette & Woods from $365.00 to $390.00 in a research note published on Friday morning,Benzinga reports. The firm currently has an outperform rating on the financial services provider’s stock.

Other research analysts also recently issued reports about the stock. Barclays lifted their price target on shares of LPL Financial from $394.00 to $401.00 and gave the stock an “overweight” rating in a research note on Friday. JPMorgan Chase & Co. upped their price objective on shares of LPL Financial from $390.00 to $408.00 and gave the company an “overweight” rating in a research note on Monday, July 13th. Morgan Stanley increased their target price on shares of LPL Financial from $374.00 to $387.00 and gave the company an “overweight” rating in a report on Friday, July 10th. Citizens Jmp reiterated a “market outperform” rating and issued a $500.00 target price on shares of LPL Financial in a research report on Monday, April 6th. Finally, William Blair reissued an “outperform” rating on shares of LPL Financial in a research note on Thursday, June 4th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, LPL Financial has an average rating of “Moderate Buy” and a consensus target price of $406.62.

Read Our Latest Research Report on LPL Financial

LPL Financial Price Performance

Shares of LPL Financial stock opened at $353.70 on Friday. The firm has a market capitalization of $28.29 billion, a PE ratio of 28.21, a price-to-earnings-growth ratio of 0.66 and a beta of 0.50. The company has a current ratio of 2.56, a quick ratio of 2.56 and a debt-to-equity ratio of 1.26. LPL Financial has a 12 month low of $260.15 and a 12 month high of $403.58. The business’s 50-day moving average price is $301.76 and its 200-day moving average price is $316.27.

LPL Financial (NASDAQ:LPLA – Get Free Report) last released its earnings results on Thursday, July 30th. The financial services provider reported $5.84 earnings per share for the quarter, topping analysts’ consensus estimates of $5.39 by $0.45. The company had revenue of $5.19 billion during the quarter, compared to the consensus estimate of $5.04 billion. LPL Financial had a return on equity of 32.80% and a net margin of 5.13%.LPL Financial’s quarterly revenue was up 35.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.51 EPS. Sell-side analysts forecast that LPL Financial will post 23.38 EPS for the current fiscal year.

LPL Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be issued a $0.30 dividend. The ex-dividend date is Friday, August 14th. This represents a $1.20 annualized dividend and a dividend yield of 0.3%. LPL Financial’s dividend payout ratio (DPR) is currently 9.57%.

Insider Activity

In related news, Director Aneri Jambusaria sold 308 shares of LPL Financial stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $306.00, for a total value of $94,248.00. Following the transaction, the director directly owned 6,415 shares of the company’s stock, valued at $1,962,990. The trade was a 4.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.60% of the company’s stock.

Institutional Investors Weigh In On LPL Financial

Several institutional investors have recently added to or reduced their stakes in the company. Osterweis Capital Management Inc. bought a new stake in LPL Financial in the 2nd quarter worth $26,000. Clearstead Advisors LLC raised its stake in shares of LPL Financial by 3,650.0% during the fourth quarter. Clearstead Advisors LLC now owns 75 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 73 shares during the last quarter. Steigerwald Gordon & Koch Inc. raised its stake in shares of LPL Financial by 550.0% during the fourth 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 last quarter. Core Wealth Advisors LLC purchased a new stake in shares of LPL Financial during the fourth quarter worth about $36,000. Finally, Physician Wealth Advisors Inc. boosted its holdings in shares of LPL Financial by 580.0% during the first quarter. Physician Wealth Advisors Inc. now owns 136 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 116 shares during the period. Hedge funds and other institutional investors own 95.66% of the company’s stock.

Key Stories Impacting LPL Financial

Here are the key news stories impacting LPL Financial this week:

Positive Sentiment: Q2 earnings and revenue exceeded expectations. Adjusted EPS rose 29% year over year to $5.84, ahead of the $5.39 consensus, while revenue climbed 35.2% to $5.19 billion versus the $5.04 billion estimate. Net income reached $379 million, or $4.74 per diluted share. LPL Financial Q2 earnings and revenues beat estimates
Positive Sentiment: Asset growth and recruiting momentum remained strong. Total client assets rose 34% year over year to $2.6 trillion, advisory assets increased 46% to $1.5 trillion, and organic net new assets totaled $23 billion. Recruited assets grew 35% to $25 billion, while management described the recruiting pipeline as a record and reported 97% asset retention. Why LPL Financial stock is up today
Positive Sentiment: Capital returns and analyst support improved. LPL resumed repurchases, buying back $309 million of stock in Q2 and planning approximately $300 million in Q3; its board also increased authorization by $2.5 billion. JPMorgan raised its target to $428 and KBW increased its target to $390, with both firms maintaining bullish ratings.
Positive Sentiment: Commonwealth integration expectations improved. The Q4 2026 onboarding remains on track, expected asset retention is approximately 90%, and estimated run-rate EBITDA contribution increased from $410 million to $435 million. LPL shares and Commonwealth update
Neutral Sentiment: LPL declared a quarterly dividend of $0.30 per share, payable August 28 to shareholders of record August 14.
Negative Sentiment: Higher operating expenses remain a partial offset: core G&A increased 22% year over year to $519 million. In addition, reported data showed 18 insider sales and no insider purchases during the past six months, a potential sentiment headwind.

About LPL Financial

(Get 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.