Nisa Investment Advisors LLC Trims Stock Position in LPL Financial Holdings Inc. $LPLA

Nisa Investment Advisors LLC trimmed its holdings in LPL Financial Holdings Inc. (NASDAQ:LPLA) by 49.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,060 shares of the financial services provider’s stock after selling 3,956 shares during the quarter. Nisa Investment Advisors LLC’s holdings in LPL Financial were worth $1,351,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. HB Wealth Management LLC grew its holdings in LPL Financial by 1.2% during the third quarter. HB Wealth Management LLC now owns 7,702 shares of the financial services provider’s stock worth $2,563,000 after acquiring an additional 88 shares during the period. KLP Kapitalforvaltning AS boosted its position in LPL Financial by 0.4% in the 3rd quarter. KLP Kapitalforvaltning AS now owns 27,900 shares of the financial services provider’s stock worth $9,282,000 after purchasing an additional 100 shares in the last quarter. Spirepoint Private Client LLC acquired a new stake in shares of LPL Financial during the 3rd quarter worth approximately $283,000. Gladstone Institutional Advisory LLC grew its stake in shares of LPL Financial by 12.7% during the 3rd quarter. Gladstone Institutional Advisory LLC now owns 2,089 shares of the financial services provider’s stock worth $695,000 after purchasing an additional 235 shares during the period. Finally, Robeco Institutional Asset Management B.V. increased its holdings in shares of LPL Financial by 18.4% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 14,470 shares of the financial services provider’s stock valued at $4,814,000 after purchasing an additional 2,251 shares in the last quarter. Hedge funds and other institutional investors own 95.66% of the company’s stock.

LPL Financial Stock Up 2.0%

LPLA opened at $371.82 on Thursday. The company has a market cap of $29.76 billion, a PE ratio of 34.24, a price-to-earnings-growth ratio of 0.76 and a beta of 0.57. LPL Financial Holdings Inc. has a twelve month low of $262.83 and a twelve month high of $403.58. The company has a 50-day moving average price of $365.22 and a 200 day moving average price of $358.98. The company has a quick ratio of 2.60, a current ratio of 2.60 and a debt-to-equity ratio of 1.49.

LPL Financial (NASDAQ:LPLA) last posted its quarterly earnings data on Thursday, October 30th. The financial services provider reported $5.20 EPS for the quarter, topping the consensus estimate of $4.49 by $0.71. LPL Financial had a return on equity of 36.80% and a net margin of 5.35%.The company had revenue of $4.55 billion during the quarter, compared to analyst estimates of $4.08 billion. During the same period in the previous year, the business earned $4.16 EPS. LPL Financial’s quarterly revenue was up 46.4% on a year-over-year basis. Sell-side analysts expect that LPL Financial Holdings Inc. will post 19.35 earnings per share for the current fiscal year.

LPL Financial Announces Dividend

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

Key Headlines Impacting LPL Financial

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

Analysts Set New Price Targets

LPLA has been the topic of a number of recent analyst reports. The Goldman Sachs Group reissued a “buy” rating and set a $421.00 price target on shares of LPL Financial in a report on Friday, October 31st. Rothschild Redb lowered shares of LPL Financial from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 19th. UBS Group restated a “neutral” rating and set a $406.00 target price on shares of LPL Financial in a research report on Thursday, December 11th. Raymond James Financial raised LPL Financial from an “underperform” rating to a “market perform” rating in a report on Thursday, October 9th. Finally, JPMorgan Chase & Co. lowered their price target on LPL Financial from $440.00 to $433.00 and set an “overweight” rating on the stock in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $429.07.

Insider Buying and Selling at LPL Financial

In other news, Director Greg Gates sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $376.43, for a total value of $564,645.00. Following the transaction, the director directly owned 15,370 shares of the company’s stock, valued at approximately $5,785,729.10. This trade represents a 8.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Aneri Jambusaria sold 80 shares of the company’s stock in a transaction dated 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 directly owned 5,502 shares of the company’s stock, 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. In the last 90 days, insiders have sold 7,388 shares of company stock worth $2,747,538. Corporate insiders own 1.30% of the company’s stock.

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.