Keefe, Bruyette & Woods Boosts LPL Financial (NASDAQ:LPLA) Price Target to $390.00

LPL Financial (NASDAQ:LPLA) had its price objective boosted by analysts at Keefe, Bruyette & Woods from $365.00 to $390.00 in a report released on Friday,Benzinga reports. The firm currently has an “outperform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price would suggest a potential upside of 14.99% from the company’s current price.

LPLA has been the subject of a number of other research reports. TD Cowen lowered their target price on shares of LPL Financial from $330.00 to $326.00 and set a “hold” rating for the company in a research note on Friday, May 1st. Jefferies Financial Group decreased their price target on LPL Financial from $464.00 to $383.00 and set a “buy” rating for the company in a report on Monday, April 6th. Morgan Stanley upped their price objective on LPL Financial from $374.00 to $387.00 and gave the stock an “overweight” rating in a research report on Friday, July 10th. Weiss Ratings reissued a “hold (c)” rating on shares of LPL Financial in a research report on Friday, July 24th. Finally, Citizens Jmp restated a “market outperform” rating and set a $500.00 target price on shares of LPL Financial in a research note on Monday, April 6th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, LPL Financial presently has a consensus rating of “Moderate Buy” and a consensus target price of $401.54.

LPL Financial Stock Up 0.4%

LPLA stock opened at $339.17 on Friday. The company’s 50 day moving average price is $300.40 and its 200 day moving average price is $316.01. The firm has a market capitalization of $27.13 billion, a price-to-earnings ratio of 30.28, a PEG ratio of 0.66 and a beta of 0.50. LPL Financial has a fifty-two week low of $260.15 and a fifty-two week high of $403.58. The company has a debt-to-equity ratio of 1.26, a quick ratio of 2.56 and a current ratio of 2.56.

LPL Financial (NASDAQ:LPLA) last posted its quarterly earnings results on Thursday, July 30th. The financial services provider reported $5.84 EPS for the quarter, topping the consensus estimate of $5.39 by $0.45. LPL Financial had a net margin of 4.93% and a return on equity of 31.26%. The company had revenue of $5.19 billion during the quarter, compared to analysts’ expectations of $5.04 billion. During the same quarter in the previous year, the business posted $4.51 EPS. The firm’s revenue was up 35.2% on a year-over-year basis. On average, equities research analysts anticipate that LPL Financial will post 23.38 EPS for the current fiscal year.

Insider Activity

In related news, Director Aneri Jambusaria sold 308 shares of the firm’s stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $306.00, for a total transaction of $94,248.00. Following the transaction, the director owned 6,415 shares in the company, valued at $1,962,990. This trade represents a 4.58% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of LPLA. Egerton Capital UK LLP acquired a new stake in LPL Financial during the 4th quarter worth approximately $91,012,000. Massachusetts Financial Services Co. MA boosted its holdings in shares of LPL Financial by 14.7% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,719,447 shares of the financial services provider’s stock valued at $1,328,475,000 after acquiring an additional 477,094 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of LPL Financial by 7.1% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 77,992 shares of the financial services provider’s stock valued at $28,204,000 after acquiring an additional 5,179 shares in the last quarter. Markel Group Inc. increased its stake in shares of LPL Financial by 1.2% during the fourth quarter. Markel Group Inc. now owns 559,951 shares of the financial services provider’s stock worth $199,998,000 after acquiring an additional 6,630 shares during the period. Finally, Norges Bank purchased a new position in LPL Financial in the fourth quarter worth $371,616,000. 95.66% of the stock is owned by hedge funds and other institutional investors.

LPL Financial News Roundup

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

• Positive Sentiment: Quarterly earnings and revenue exceeded estimates. Adjusted EPS was $5.84 versus the $5.39 consensus, while revenue reached $5.19 billion against expectations of $5.04 billion. Adjusted EPS rose 29% year over year, and revenue increased 35.2%. LPL Financial Announces Second Quarter 2026 Results
• Positive Sentiment: Core business growth remained strong. Total client assets climbed 34% to $2.6 trillion, advisory assets increased 46% to $1.5 trillion, and organic net new assets totaled $23 billion. Recruited assets rose 35% year over year to $25 billion. LPL Financial Q2 Key Metrics
• Positive Sentiment: Commonwealth expectations improved. LPL remains on track to complete the onboarding in the fourth quarter, expects approximately 90% asset retention and raised projected run-rate EBITDA from $410 million to $435 million. Management also indicated a potential run-rate benefit of roughly $25 million. LPL Commonwealth Update
• Positive Sentiment: Capital returns support the stock. LPL repurchased $309 million of shares in the quarter, plans approximately $300 million of additional repurchases in the third quarter, and received a $2.5 billion authorization increase. The company also declared a $0.30 quarterly dividend.
• Positive Sentiment: Cost outlook improved. LPL lowered its 2026 core general and administrative expense forecast to $2.140 billion-$2.165 billion, suggesting better operating leverage despite Commonwealth-related costs.
• Neutral Sentiment: LPL also closed its acquisition of Mariner Advisor Network, adding a branch office supporting 367 advisors and approximately $31 billion in client assets. The longer-term financial contribution was not specified.
• Negative Sentiment: Recent insider-trading data show 18 open-market insider sales and no purchases over the past six months, which may temper enthusiasm, although the sales were not tied to the quarterly results.

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.