LPL Financial (NASDAQ:LPLA) Given New $356.00 Price Target at TD Cowen

Posted by George Bondi on Oct 28th, 2026

LPL Financial (NASDAQ:LPLA – Get Free Report) had its price target reduced by equities research analysts at TD Cowen from $380.00 to $356.00 in a report released on Wednesday, Benzinga reports. The firm presently has a “hold” rating on the financial services provider’s stock. TD Cowen‘s price objective would indicate a potential upside of 29.45% from the company’s current price.

Several other equities research analysts also recently issued reports on LPLA. Morgan Stanley increased their price objective on LPL Financial from $387.00 to $393.00 and gave the stock an “overweight” rating in a research note on Friday, October 9th. Citizens Jmp restated a “market outperform” rating and set a $500.00 price objective on shares of LPL Financial in a research report on Monday, October 5th. BMO Capital Markets lowered their target price on LPL Financial from $390.00 to $370.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 6th. Bank of America dropped their target price on LPL Financial from $557.00 to $554.00 and set a “buy” rating on the stock in a report on Monday, October 5th. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $400.00 price target on shares of LPL Financial in a research report on Wednesday. Fourteen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $402.62.

Read Our Latest Research Report on LPLA

LPL Financial Trading Down 13.4%

LPL Financial stock traded down $42.55 during midday trading on Wednesday, reaching $275.01. The stock had a trading volume of 2,641,459 shares, compared to its average volume of 896,440. The firm’s fifty day simple moving average is $335.24 and its two-hundred day simple moving average is $324.30. LPL Financial has a twelve month low of $260.15 and a twelve month high of $400.16. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.39 and a quick ratio of 2.39. The firm has a market cap of $21.66 billion, a price-to-earnings ratio of 22.03, a PEG ratio of 0.54 and a beta of 0.53.

LPL Financial (NASDAQ:LPLA – Get Free Report) last posted its quarterly earnings data on Tuesday, October 27th. The financial services provider reported $5.97 earnings per share for the quarter, topping the consensus estimate of $5.69 by $0.28. The firm had revenue of $5.34 billion for the quarter, compared to analysts’ expectations of $5.35 billion. LPL Financial had a net margin of 5.13% and a return on equity of 32.20%. The company’s quarterly revenue was up 17.4% compared to the same quarter last year. During the same period in the previous year, the company posted $5.20 EPS. Equities analysts anticipate that LPL Financial will post 23.83 EPS for the current fiscal year.

Insider Buying and Selling at LPL Financial

In related news, Director Matthew Enyedi sold 1,000 shares of the company’s stock in a transaction on Friday, July 31st. The shares were sold at an average price of $352.72, for a total value of $352,720.00. Following the completion of the sale, the director directly owned 13,121 shares in the company, valued at approximately $4,628,039.12. This represents a 7.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Aneri Jambusaria sold 308 shares of the stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $357.36, for a total transaction of $110,066.88. Following the transaction, the director directly owned 6,107 shares in the company, valued at $2,182,397.52. The trade was a 4.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 5,867 shares of company stock valued at $2,079,664 over the last three months. 0.60% of the stock is owned by insiders.

Institutional Trading of LPL Financial

Institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. bought a new position in shares of LPL Financial in the 2nd quarter valued at approximately $1,333,189,000. Jupiter Topco LLC acquired a new position in LPL Financial during the second quarter valued at approximately $1,182,595,000. SurgoCap Partners LP acquired a new position in LPL Financial during the second quarter valued at approximately $299,487,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in LPL Financial during the second quarter valued at approximately $290,481,000. Finally, Bank of America Corp DE bought a new position in shares of LPL Financial in the second quarter valued at approximately $229,756,000. Institutional investors and hedge funds own 95.66% of the company’s stock.

Trending Headlines about LPL Financial

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

Positive Sentiment: LPL reported third-quarter adjusted EPS of $5.97, above the $5.69 analyst consensus, while revenue rose 17.4% year over year to $5.34 billion. Client assets increased 11% to $2.6 trillion, advisory assets grew 16% to $1.6 trillion, and the company repurchased approximately $301 million of stock. LPL Financial Announces Third Quarter 2026 Results
Positive Sentiment: Analysts still see substantial long-term upside: Wells Fargo maintained an overweight rating with a $350 price target, while Truist kept a hold rating with a $335 target. Both targets were reduced but remain above the recent trading level. Wells Fargo LPL Financial rating
Neutral Sentiment: The board declared a quarterly dividend of $0.30 per share, payable November 30 to shareholders of record November 12. The dividend provides modest shareholder support, with an annualized yield of approximately 0.4%.
Neutral Sentiment: Institutional positioning was mixed, with 346 investors adding shares and 378 reducing positions in the latest reported period. Recent analyst price targets remain broadly optimistic, but the target reductions signal more cautious near-term expectations.
Negative Sentiment: Commonwealth integration concerns weighed on sentiment. Although the conversion remains scheduled for mid-November, expected asset retention was lowered to approximately 83% from the previously discussed 90% target, and estimated run-rate EBITDA was reduced to $415 million.
Negative Sentiment: October organic growth is expected to slow to roughly 3%, below the approximately 5% annualized growth reported in the third quarter. Management also expects higher fourth-quarter payout rates, transition-assistance loan amortization, interest expense, and depreciation and amortization, pointing to near-term margin pressure.
Negative Sentiment: Revenue slightly missed consensus estimates despite the EPS beat, reinforcing concerns that stronger earnings were not matched by equally strong operating momentum. Reported insider activity was also entirely sales-oriented over the past six months, though such transactions may not be directly related to current fundamentals.

LPL Financial Company Profile

(Get Free Report)

LPL Financial Holdings Inc is a financial services company that supports independent financial advisors and institutions across the United States. Through its primary subsidiary, LPL Financial LLC, the company provides brokerage, investment advisory, and custodial services, enabling advisors to serve individual investors, families, retirement plans, and other clients.

LPL’s platform includes access to brokerage and advisory products, securities clearing and custody, trading and operations support, technology, compliance services, investment research, and practice-management resources.