LPL Financial (NASDAQ:LPLA – Get Free Report) had its price objective lowered by investment analysts at Barclays from $409.00 to $372.00 in a report issued on Wednesday, Benzinga reports. The firm presently has an “overweight” rating on the financial services provider’s stock. Barclays‘s target price would suggest a potential upside of 35.52% from the company’s current price.
Several other equities research analysts have also issued reports on the stock. UBS Group reduced their target price on shares of LPL Financial from $391.00 to $390.00 and set a “buy” rating for the company in a report on Wednesday, October 7th. Wells Fargo & Company dropped their price target on shares of LPL Financial from $362.00 to $350.00 and set an “overweight” rating for the company in a research report on Wednesday. Citigroup reissued a “market outperform” rating on shares of LPL Financial in a research note on Monday, October 5th. Keefe, Bruyette & Woods raised their price objective on shares of LPL Financial from $365.00 to $390.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Finally, 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. Fourteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $404.12.
View Our Latest Stock Report on LPL Financial
LPL Financial Trading Down 13.6%
NASDAQ LPLA traded down $43.06 on Wednesday, hitting $274.50. 2,055,330 shares of the company traded hands, compared to its average volume of 892,528. The company has a market capitalization of $21.61 billion, a price-to-earnings ratio of 21.87 and a beta of 0.53. The business’s 50 day moving average price is $335.24 and its 200-day moving average price is $324.30. LPL Financial has a 52-week low of $260.15 and a 52-week high of $400.16.
LPL Financial (NASDAQ:LPLA – Get Free Report) last released its quarterly earnings results on Tuesday, October 27th. The financial services provider reported $5.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.69 by $0.28. The company had revenue of $5.34 billion for the quarter, compared to the consensus estimate of $5.35 billion. During the same period in the prior year, the firm posted $5.20 EPS. The business’s revenue for the quarter was up 17.4% on a year-over-year basis. As a group, sell-side analysts predict that LPL Financial will post 23.83 earnings per share for the current year.
Insider Activity at LPL Financial
In related news, Director Greg Gates sold 4,119 shares of the company’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $355.38, for a total transaction of $1,463,810.22. Following the completion of the transaction, the director owned 23,602 shares in the company, valued at approximately $8,387,678.76. This represents a 14.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Katharine Reeping sold 440 shares of LPL Financial stock in a transaction on Friday, September 11th. The shares were sold at an average price of $347.88, for a total transaction of $153,067.20. Following the completion of the sale, the insider owned 1,774 shares in the company, valued at approximately $617,139.12. This represents a 19.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 5,867 shares of company stock worth $2,079,664 over the last ninety days. 0.60% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in LPLA. Physician Wealth Advisors Inc. lifted its position in shares of LPL Financial by 580.0% in the first quarter. Physician Wealth Advisors Inc. now owns 136 shares of the financial services provider’s stock worth $41,000 after buying an additional 116 shares in the last quarter. Versant Capital Management Inc grew its holdings in LPL Financial by 79.0% during the 2nd quarter. Versant Capital Management Inc now owns 188 shares of the financial services provider’s stock valued at $53,000 after buying an additional 83 shares in the last quarter. Abound Financial LLC increased its stake in LPL Financial by 9,550.0% in the 1st quarter. Abound Financial LLC now owns 193 shares of the financial services provider’s stock worth $58,000 after acquiring an additional 191 shares during the last quarter. Whipplewood Advisors LLC increased its stake in LPL Financial by 1,260.0% in the 1st quarter. Whipplewood Advisors LLC now owns 204 shares of the financial services provider’s stock worth $61,000 after acquiring an additional 189 shares during the last quarter. Finally, Harbor Investment Advisory LLC purchased a new stake in shares of LPL Financial during the 2nd quarter worth approximately $59,000. Hedge funds and other institutional investors own 95.66% of the company’s stock.
Key LPL Financial News
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
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.
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