Tobam Has $5.54 Million Position in LPL Financial Holdings Inc. $LPLA

Posted by Brian Himes on Jun 20th, 2026

Tobam raised its stake in LPL Financial Holdings Inc. (NASDAQ:LPLA – Free Report) by 13.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 15,505 shares of the financial services provider’s stock after buying an additional 1,857 shares during the period. LPL Financial comprises about 1.4% of Tobam’s portfolio, making the stock its 22nd biggest position. Tobam’s holdings in LPL Financial were worth $5,538,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Egerton Capital UK LLP bought a new position in LPL Financial during the 4th quarter worth approximately $91,012,000. Munich Reinsurance Co Stock Corp in Munich acquired a new stake in shares of LPL Financial during the third quarter worth $1,975,000. Massachusetts Financial Services Co. MA increased its position in shares of LPL Financial by 14.7% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,719,447 shares of the financial services provider’s stock worth $1,328,475,000 after buying an additional 477,094 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in LPL Financial by 7.1% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 77,992 shares of the financial services provider’s stock worth $28,204,000 after buying an additional 5,179 shares during the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in LPL Financial during the third quarter worth $4,583,000. Institutional investors and hedge funds own 95.66% of the company’s stock.

Insider Buying and Selling

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

LPL Financial Price Performance

Shares of NASDAQ LPLA opened at $293.95 on Friday. The firm’s 50-day moving average price is $301.84 and its 200-day moving average price is $327.85. LPL Financial Holdings Inc. has a 1-year low of $260.15 and a 1-year high of $403.58. The firm has a market capitalization of $23.51 billion, a P/E ratio of 26.25, a P/E/G ratio of 0.61 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 (NASDAQ:LPLA – Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The financial services provider reported $5.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.49 by $0.11. The company had revenue of $4.94 billion for the quarter, compared to analysts’ expectations of $4.98 billion. LPL Financial had a net margin of 4.93% and a return on equity of 31.26%. The business’s revenue was up 34.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $5.15 EPS. Equities research analysts anticipate that LPL Financial Holdings Inc. will post 22.98 earnings per share for the current fiscal year.

LPL Financial Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts have commented on LPLA shares. JPMorgan Chase & Co. cut their price target on shares of LPL Financial from $396.00 to $390.00 and set an “overweight” rating on the stock in a research report on Friday, May 1st. Keefe, Bruyette & Woods initiated coverage on LPL Financial in a research note on Wednesday, April 8th. They set an “outperform” rating and a $350.00 target price for the company. Barclays lifted their target price on LPL Financial from $369.00 to $412.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Morgan Stanley dropped their price target on LPL Financial from $447.00 to $374.00 and set an “overweight” rating on the stock in a research note on Friday, April 10th. Finally, UBS Group increased their price target on LPL Financial from $380.00 to $395.00 and gave the stock a “buy” rating in a report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $398.86.

Check Out 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.