TD Cowen Has Lowered Expectations for LPL Financial (NASDAQ:LPLA) Stock Price

LPL Financial (NASDAQ:LPLA) had its price target lowered by equities researchers at TD Cowen from $399.00 to $378.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a “hold” rating on the financial services provider’s stock. TD Cowen’s price target suggests a potential upside of 3.70% from the stock’s previous close.

Several other research firms also recently commented on LPLA. Barclays lowered their price objective on shares of LPL Financial from $444.00 to $434.00 and set an “overweight” rating for the company in a research note on Friday. Citizens Jmp lifted their price target on LPL Financial from $455.00 to $475.00 and gave the stock a “market outperform” rating in a research report on Friday, October 31st. Wolfe Research set a $478.00 price objective on LPL Financial in a report on Friday. JMP Securities set a $475.00 price objective on LPL Financial in a research note on Friday, October 31st. Finally, UBS Group reiterated a “neutral” rating and issued a $406.00 target price on shares of LPL Financial in a research report on Thursday, December 11th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, LPL Financial has an average rating of “Moderate Buy” and an average price target of $427.69.

LPL Financial Price Performance

Shares of LPLA stock opened at $364.50 on Friday. LPL Financial has a fifty-two week low of $262.83 and a fifty-two week high of $403.58. 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 market capitalization of $29.17 billion, a price-to-earnings ratio of 33.11, a PEG ratio of 0.78 and a beta of 0.57. The stock’s 50-day simple moving average is $366.24 and its 200-day simple moving average is $358.30.

LPL Financial (NASDAQ:LPLA) last announced its quarterly earnings data on Thursday, January 29th. The financial services provider reported $5.23 EPS for the quarter, beating the consensus estimate of $4.82 by $0.41. The firm had revenue of $4.93 billion during the quarter, compared to analyst estimates of $4.90 billion. LPL Financial had a net margin of 5.08% and a return on equity of 35.99%. LPL Financial’s revenue was up 8.4% on a year-over-year basis. During the same period last year, the firm posted $4.25 EPS. As a group, equities analysts forecast that LPL Financial will post 19.35 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Greg Gates sold 1,500 shares of the stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $376.43, for a total transaction of $564,645.00. Following the sale, the director directly owned 15,370 shares of the company’s stock, valued at approximately $5,785,729.10. This represents a 8.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Aneri Jambusaria sold 80 shares of the firm’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $352.48, for a total transaction of $28,198.40. Following the sale, the director 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 a total of 7,388 shares of company stock valued at $2,747,538 in the last three months. 1.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On LPL Financial

Large investors have recently bought and sold shares of the business. Osterweis Capital Management Inc. acquired a new stake in LPL Financial in the second quarter valued at approximately $26,000. Steigerwald Gordon & Koch Inc. lifted its position in shares of LPL Financial by 550.0% during the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 78 shares of the financial services provider’s stock valued at $28,000 after buying an additional 66 shares in the last quarter. SBI Securities Co. Ltd. grew its stake in LPL Financial by 116.2% in the 2nd quarter. SBI Securities Co. Ltd. now owns 80 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 43 shares during the period. Chung Wu Investment Group LLC purchased a new stake in LPL Financial in the 3rd quarter worth $27,000. Finally, SJS Investment Consulting Inc. raised its position in LPL Financial by 912.5% during the third quarter. SJS Investment Consulting Inc. now owns 81 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 73 shares during the period. Institutional investors and hedge funds own 95.66% of the company’s stock.

More LPL Financial News

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

• Positive Sentiment: Analysts at Jefferies raised their price target to $440 and reiterated a Buy rating, signaling ~21% upside vs. the current price — a near-term catalyst for demand. Jefferies Raises Target
• Positive Sentiment: JPMorgan boosted its target to $439 and kept an Overweight rating, another institutional endorsement supporting the rally. JPMorgan Raises Target
• Positive Sentiment: Q4 results beat consensus: adjusted EPS $5.23 (vs. $4.82 est.) and revenue $4.93B (vs. $4.90B). LPL reported record total advisory & brokerage assets (~$2.4T) and declared a $0.30 quarterly dividend — fundamentals that support valuations and analyst optimism. Q4 Results
• Neutral Sentiment: Management commentary and the Q4 call/transcript emphasize integration progress (Commonwealth, Atria) and recruiting priorities — constructive long-term but worth watching for execution and retention metrics. Earnings Deep Dive
• Negative Sentiment: Street caution on 2026 expense outlook: LPL guided materially higher Core G&A when including Commonwealth integration costs (2026 core G&A including Commonwealth: $2,155–2,210M). That guidance and large acquisition-related costs prompted investor concern and was cited as a reason for share weakness right after the print. Expense Outlook Weighs
• Negative Sentiment: TD Cowen trimmed its target to $378 and moved to a Hold — a sign some analysts are less comfortable with near-term margin/expense risk despite the beat. TD Cowen Lowers Target
• Negative Sentiment: Post-earnings coverage highlights that rising expenses and acquisition/integration costs overshadowed the top-line beat for some investors, creating short-term volatility risk. Costs Rise Despite Beat

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.