Basswood Capital Management L.L.C. Acquires New Stake in LPL Financial Holdings Inc. $LPLA

Posted by Francis Steltz on Aug 27th, 2026

Basswood Capital Management L.L.C. acquired a new stake in LPL Financial Holdings Inc. (NASDAQ:LPLA – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,921 shares of the financial services provider’s stock, valued at approximately $823,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Osterweis Capital Management Inc. purchased a new stake in shares of LPL Financial during the second quarter worth $26,000. Clearstead Advisors LLC lifted its stake in shares of LPL Financial by 3,650.0% in the fourth quarter. Clearstead Advisors LLC now owns 75 shares of the financial services provider’s stock worth $27,000 after buying an additional 73 shares in the last quarter. Core Wealth Advisors LLC purchased a new position in shares of LPL Financial in the fourth quarter worth about $36,000. Physician Wealth Advisors Inc. boosted its position in 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 acquiring an additional 116 shares during the last quarter. Finally, Pinpoint Asset Management Singapore Pte. Ltd. acquired a new position in LPL Financial during the fourth quarter worth about $50,000. Institutional investors and hedge funds own 95.66% of the company’s stock.

Insider Activity

In related news, Director Aneri Jambusaria sold 308 shares of the firm’s stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $306.00, for a total transaction of $94,248.00. Following the completion of the sale, the director directly owned 6,415 shares of the company’s stock, valued at approximately $1,962,990. This trade represents a 4.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Greg Gates sold 4,119 shares of the business’s stock in a transaction dated 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 sale, the director owned 23,602 shares in the company, valued at approximately $8,387,678.76. This trade represents a 14.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 5,427 shares of company stock valued at $1,910,778 in the last quarter. Insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Keefe, Bruyette & Woods increased their price objective on shares of LPL Financial from $365.00 to $390.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Barclays boosted their target price on LPL Financial from $394.00 to $401.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. Weiss Ratings restated a “hold (c)” rating on shares of LPL Financial in a research report on Friday, July 24th. JPMorgan Chase & Co. increased their price target on LPL Financial from $408.00 to $428.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Finally, TD Cowen lifted their price objective on LPL Financial from $330.00 to $372.00 and gave the stock a “hold” rating in a research report on Friday, July 31st. Twelve research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, LPL Financial has a consensus rating of “Moderate Buy” and an average price target of $406.69.

Read Our Latest Stock Analysis on LPLA

LPL Financial Stock Performance

LPL Financial stock opened at $360.24 on Thursday. The firm has a 50 day simple moving average of $330.25 and a 200-day simple moving average of $315.00. The stock has a market cap of $28.37 billion, a price-to-earnings ratio of 28.73, a price-to-earnings-growth ratio of 0.61 and a beta of 0.48. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.39 and a quick ratio of 2.39. LPL Financial Holdings Inc. has a 1-year low of $260.15 and a 1-year high of $400.16.

LPL Financial (NASDAQ:LPLA – Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The financial services provider reported $5.84 EPS for the quarter, beating the consensus estimate of $5.39 by $0.45. LPL Financial had a net margin of 5.13% and a return on equity of 32.20%. The firm had revenue of $5.19 billion for the quarter, compared to analyst estimates of $5.04 billion. During the same quarter in the previous year, the company earned $4.51 EPS. The business’s revenue for the quarter was up 35.2% compared to the same quarter last year. On average, analysts expect that LPL Financial Holdings Inc. will post 24.09 EPS for the current year.

LPL Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be given a $0.30 dividend. The ex-dividend date is Friday, August 14th. This represents a $1.20 dividend on an annualized basis and a yield of 0.3%. LPL Financial’s payout ratio is currently 9.57%.

LPL Financial Profile

(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.