LPL Financial (NASDAQ:LPLA) Price Target Cut to $378.00 by Analysts at TD Cowen

LPL Financial (NASDAQ:LPLA) had its price target lowered by stock analysts at TD Cowen from $399.00 to $378.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has a “hold” rating on the financial services provider’s stock. TD Cowen’s price objective suggests a potential upside of 4.63% from the stock’s previous close.

Other equities research analysts have also issued research reports about the company. BMO Capital Markets began coverage on LPL Financial in a research report on Friday, October 3rd. They issued an “outperform” rating and a $365.00 target price on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of LPL Financial in a report on Wednesday. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $421.00 target price on shares of LPL Financial in a report on Friday, October 31st. Citizens Jmp boosted their price objective on shares of LPL Financial from $455.00 to $475.00 and gave the stock a “market outperform” rating in a report on Friday, October 31st. Finally, Barclays reduced their price target on LPL Financial from $444.00 to $434.00 and set an “overweight” rating on the stock in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $426.47.

LPL Financial Price Performance

LPLA traded down $1.42 during trading on Friday, hitting $361.29. 678,851 shares of the company traded hands, compared to its average volume of 593,564. The company has a market cap of $28.92 billion, a PE ratio of 33.25, a P/E/G ratio of 0.79 and a beta of 0.57. LPL Financial has a 1 year low of $262.83 and a 1 year high of $403.58. The stock’s 50-day simple moving average is $365.83 and its two-hundred day simple moving average is $358.40. The company has a current ratio of 2.60, a quick ratio of 2.60 and a debt-to-equity ratio of 1.49.

LPL Financial (NASDAQ:LPLA) last issued its quarterly earnings results on Thursday, January 29th. The financial services provider reported $5.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.82 by $0.41. The company had revenue of $4.93 billion during the quarter, compared to the consensus estimate of $4.90 billion. LPL Financial had a return on equity of 36.80% and a net margin of 5.35%.LPL Financial’s revenue was up 8.4% on a year-over-year basis. During the same period last year, the company earned $4.25 earnings per share. As a group, sell-side analysts anticipate that LPL Financial will post 19.35 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Greg Gates sold 750 shares of the business’s stock in a transaction on Friday, December 5th. The shares were sold at an average price of $370.97, for a total transaction of $278,227.50. Following the transaction, the director owned 14,620 shares of the company’s stock, valued at approximately $5,423,581.40. The trade was a 4.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Aneri Jambusaria sold 80 shares of the business’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $352.48, for a total value of $28,198.40. Following the completion of the sale, the director directly owned 5,502 shares in the company, valued at approximately $1,939,344.96. This represents a 1.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 7,388 shares of company stock valued at $2,747,538 over the last 90 days. 1.30% of the stock is currently owned by company insiders.

Institutional Trading of LPL Financial

Several hedge funds and other institutional investors have recently bought and sold shares of LPLA. Cullen Frost Bankers Inc. boosted its position in shares of LPL Financial by 9.9% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 301 shares of the financial services provider’s stock valued at $113,000 after acquiring an additional 27 shares during the last quarter. Camden National Bank boosted its holdings in shares of LPL Financial by 3.1% during the 2nd quarter. Camden National Bank now owns 967 shares of the financial services provider’s stock valued at $363,000 after acquiring an additional 29 shares during the last quarter. Stratos Investment Management LLC boosted its holdings in LPL Financial by 4.2% in the third quarter. Stratos Investment Management LLC now owns 715 shares of the financial services provider’s stock worth $238,000 after purchasing an additional 29 shares during the last quarter. Perennial Investment Advisors LLC raised its stake in LPL Financial by 4.0% during the 2nd quarter. Perennial Investment Advisors LLC now owns 804 shares of the financial services provider’s stock valued at $302,000 after buying an additional 31 shares during the last quarter. Finally, Frank Rimerman Advisors LLC lifted its holdings in shares of LPL Financial by 4.1% during the 4th quarter. Frank Rimerman Advisors LLC now owns 785 shares of the financial services provider’s stock valued at $280,000 after buying an additional 31 shares during the period. Institutional investors and hedge funds 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: Quarterly beat — Adjusted EPS of $5.23 topped Street estimates ($4.82) and revenue of $4.93B beat expectations; adjusted EPS rose 23% YoY, signaling strong core profitability. GlobeNewswire: Q4 & FY2025 Results
• Positive Sentiment: Record asset base — Total advisory + brokerage assets rose to ~$2.4T (advisory assets +46% YoY), and organic net new assets remained positive ($23B in Q4; $147B for 2025), supporting recurring, fee?based revenue. GlobeNewswire: Asset Metrics
• Positive Sentiment: Dividend declared — Board approved a $0.30 quarterly dividend (payable March 24, 2026), providing immediate shareholder return and signaling board confidence in cash flow. Dividend Announcement
• Neutral Sentiment: Acquisition progress — Commonwealth conversion is on track for Q4 2026 with management expecting ~90% asset retention and ~ $425M run?rate EBITDA; strategically positive long term but timing/retention execution risk remains. Earnings Call Highlights
• Neutral Sentiment: Analyst views and targets — Wall Street remains constructive overall (median targets well above current price), which can support a rebound if execution continues; see latest analyst forecast roundup. Analyst Forecasts
• Negative Sentiment: 2026 expense outlook and integration costs — Management guided materially higher Core G&A when including Commonwealth (2026 Core G&A range including Commonwealth: $2.155–2.210B). That near?term expense lift and large one?time acquisition/integration costs drove investor concern and weighing on the stock. Investing.com: Shares Fall on Expense Outlook
• Negative Sentiment: Operational signals to monitor — sequential slowdown in recruited assets and uneven quarterly organic NNA trends (Q4 organic NNA lower than some prior quarters) raise short?term growth/retention questions as acquisitions are integrated. Earnings Call Transcript

About LPL Financial

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.