LPL Financial (NASDAQ:LPLA) Given New $399.00 Price Target at TD Cowen

LPL Financial (NASDAQ:LPLA) had its target price reduced by TD Cowen from $410.00 to $399.00 in a research report released on Wednesday,Benzinga reports. TD Cowen currently has a hold rating on the financial services provider’s stock.

A number of other equities analysts also recently issued reports on the company. The Goldman Sachs Group reissued a “buy” rating and set a $421.00 target price on shares of LPL Financial in a research note on Friday, October 31st. Rothschild & Co Redburn downgraded LPL Financial from a “buy” rating to a “neutral” rating and set a $390.00 target price for the company. in a report on Friday, September 19th. Rothschild Redb cut shares of LPL Financial from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 19th. Barclays cut their price target on shares of LPL Financial from $453.00 to $444.00 and set an “overweight” rating for the company in a report on Thursday, January 8th. Finally, UBS Group reissued a “neutral” rating and set a $406.00 price objective on shares of LPL Financial in a report on Thursday, December 11th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, LPL Financial has an average rating of “Moderate Buy” and a consensus price target of $429.07.

LPL Financial Stock Up 2.0%

Shares of LPL Financial stock opened at $371.82 on Wednesday. LPL Financial has a one year low of $262.83 and a one year high of $403.58. The company has a market cap of $29.76 billion, a P/E ratio of 34.24, a PEG ratio of 0.76 and a beta of 0.57. The company has a debt-to-equity ratio of 1.49, a quick ratio of 2.60 and a current ratio of 2.60. The firm has a fifty day moving average of $365.22 and a two-hundred day moving average of $358.98.

LPL Financial (NASDAQ:LPLA) last issued its quarterly earnings results on Thursday, October 30th. The financial services provider reported $5.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.49 by $0.71. The business had revenue of $4.55 billion for the quarter, compared to analyst estimates of $4.08 billion. LPL Financial had a net margin of 5.35% and a return on equity of 36.80%. The business’s revenue was up 46.4% compared to the same quarter last year. During the same period in the previous year, the business posted $4.16 earnings per share. On average, analysts forecast that LPL Financial will post 19.35 earnings per share for the current year.

LPL Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Thursday, November 13th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Thursday, November 13th. LPL Financial’s dividend payout ratio (DPR) is 11.05%.

Insider Activity at LPL Financial

In related news, Director Greg Gates sold 750 shares of the firm’s stock in a transaction that occurred 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 sale, the director owned 14,620 shares in the company, valued at approximately $5,423,581.40. This trade represents a 4.88% 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, CEO Richard Steinmeier sold 5,058 shares of the business’s stock in a transaction on Friday, December 5th. The shares were sold at an average price of $370.99, for a total value of $1,876,467.42. Following the completion of the transaction, the chief executive officer owned 9,326 shares of the company’s stock, valued at $3,459,852.74. This trade represents a 35.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 7,388 shares of company stock valued at $2,747,538. 1.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On LPL Financial

Large investors have recently added to or reduced their stakes in the business. AGF Management Ltd. boosted its holdings in shares of LPL Financial by 74.9% in the 2nd quarter. AGF Management Ltd. now owns 765,024 shares of the financial services provider’s stock valued at $286,861,000 after buying an additional 327,580 shares during the period. Bryn Mawr Trust Advisors LLC acquired a new position in LPL Financial in the second quarter valued at approximately $316,000. Callan Family Office LLC bought a new position in shares of LPL Financial during the second quarter valued at approximately $1,514,000. Allspring Global Investments Holdings LLC raised its position in shares of LPL Financial by 30.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 191,727 shares of the financial services provider’s stock worth $71,524,000 after purchasing an additional 44,249 shares during the period. Finally, Ellevest Inc. bought a new stake in shares of LPL Financial in the 2nd quarter worth approximately $340,000. 95.66% of the stock is currently owned by hedge funds and other institutional investors.

Key LPL Financial News

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

• Positive Sentiment: Oak Bridge Financial (≈$230M in advisory, brokerage and retirement assets) joined LPL’s broker‑dealer and RIA platform, bringing experienced advisors and reinforcing LPL’s advisor‑recruitment momentum. This increases fee‑bearing assets and validates LPL’s platform/technology pitch to breakaway teams. LPL Financial Welcomes Oak Bridge Financial, LLC
• Positive Sentiment: Senior hires (Suzanne Elovic as EVP, head of supervision; Mike Murphy as EVP, head of service) strengthen LPL’s compliance and client service capabilities — important for advisor retention and scaling custody/advisory flows. Wealth Management Leaders Join LPL
• Neutral Sentiment: JPMorgan trimmed its price target from $440 to $433 but kept an Overweight rating — a modest revision that preserves a favorable analyst view and suggests expectations remain constructive. Benzinga: JPMorgan target cut
• Neutral Sentiment: Media pieces assessing LPL’s evolving investment story and its multi‑year share run offer varied takes for investors (strategy/oversight hires and valuation debates); useful context but unlikely to move fundamentals alone. How New Strategy and Oversight Hires At LPL Financial Has Changed Its Investment Story Is It Too Late To Consider LPL Financial?
• Negative Sentiment: TD Cowen lowered its price target from $410 to $399 and moved to a “hold,” which is a relative negative (less bullish stance) and could cap near‑term analyst‑driven upside. Benzinga: TD Cowen lowers target
• Negative Sentiment: Quiver/other data shows heavy insider selling activity (multiple executives selling in recent months), a signal some investors view as negative for near‑term sentiment even if it doesn’t change fundamentals. Quiver: Oak Bridge & insider activity

LPL Financial Company Profile

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.