LPL Financial’s (LPLA) “Market Outperform” Rating Reiterated at Citizens Jmp

Citizens Jmp reiterated their market outperform rating on shares of LPL Financial (NASDAQ:LPLA) in a research report released on Monday,Benzinga reports. The brokerage currently has a $500.00 price objective on the financial services provider’s stock.

A number of other equities analysts also recently commented on LPLA. Wolfe Research reaffirmed an “outperform” rating and set a $454.00 price objective on shares of LPL Financial in a report on Wednesday, August 12th. Weiss Ratings reissued a “hold (c)” rating on shares of LPL Financial in a research note on Friday, July 24th. Truist Financial started coverage on shares of LPL Financial in a research report on Tuesday, September 1st. They issued a “hold” rating and a $389.00 price target for the company. Citigroup restated a “market outperform” rating on shares of LPL Financial in a research note on Monday. Finally, BMO Capital Markets lifted their price objective on LPL Financial from $300.00 to $390.00 and gave the company an “outperform” rating in a report on Monday, August 3rd. Fourteen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $411.31.

LPL Financial Trading Down 2.3%

Shares of LPLA opened at $324.80 on Monday. The stock’s 50-day moving average price is $346.59 and its 200 day moving average price is $318.79. The company has a quick ratio of 2.39, a current ratio of 2.39 and a debt-to-equity ratio of 1.30. The firm has a market capitalization of $25.57 billion, a price-to-earnings ratio of 25.90, a P/E/G ratio of 0.56 and a beta of 0.53. LPL Financial has a 12-month low of $260.15 and a 12-month high of $400.16.

LPL Financial (NASDAQ:LPLA) last announced its quarterly earnings data on Thursday, July 30th. The financial services provider reported $5.84 earnings per share for the quarter, topping the consensus estimate of $5.39 by $0.45. The company had revenue of $5.19 billion for the quarter, compared to analyst estimates of $5.04 billion. LPL Financial had a return on equity of 32.20% and a net margin of 5.13%.LPL Financial’s revenue for the quarter was up 35.2% compared to the same quarter last year. During the same quarter last year, the firm earned $4.51 EPS. As a group, research analysts predict that LPL Financial will post 24.2 earnings per share for the current year.

LPL Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, August 14th. This represents a $1.20 dividend on an annualized basis and a yield of 0.4%. LPL Financial’s payout ratio is currently 9.57%.

Insiders Place Their Bets

In other news, Director Matthew Enyedi sold 1,000 shares of the firm’s stock in a transaction on Friday, July 31st. The stock was sold at an average price of $352.72, for a total value of $352,720.00. Following the completion of the sale, the director directly owned 13,121 shares in the company, valued at approximately $4,628,039.12. This trade represents a 7.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Greg Gates sold 4,119 shares of LPL Financial stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $355.38, for a total value of $1,463,810.22. Following the completion of the transaction, the director directly owned 23,602 shares of the company’s stock, valued at $8,387,678.76. This represents a 14.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 5,867 shares of company stock worth $2,079,664 over the last ninety days. Company insiders own 0.60% of the company’s stock.

Hedge Funds Weigh In On LPL Financial

A number of large investors have recently modified their holdings of LPLA. BlackRock Inc. acquired a new stake in shares of LPL Financial in the second quarter valued at approximately $1,333,189,000. Capital World Investors lifted its holdings in LPL Financial by 37.9% during the 4th quarter. Capital World Investors now owns 3,625,357 shares of the financial services provider’s stock worth $1,294,869,000 after buying an additional 996,806 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in LPL Financial by 9.0% during the 4th quarter. Janus Henderson Group PLC now owns 3,377,553 shares of the financial services provider’s stock worth $1,206,371,000 after buying an additional 280,202 shares in the last quarter. Jupiter Topco LLC bought a new position in LPL Financial in the 2nd quarter valued at $1,182,595,000. Finally, Principal Financial Group Inc. boosted its position in LPL Financial by 36.3% in the 1st quarter. Principal Financial Group Inc. now owns 2,636,544 shares of the financial services provider’s stock valued at $793,163,000 after buying an additional 702,061 shares during the last quarter. 95.66% of the stock is currently owned by institutional investors and hedge funds.

Key LPL Financial News

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

• Positive Sentiment: JPMorgan raised its price target on LPL Financial to $445 from $428 and maintained an “overweight” rating, signaling increased confidence in the company’s earnings outlook and offering substantial implied upside from recent trading levels. JPMorgan raises LPL Financial price target
• Positive Sentiment: BMO Capital Markets initiated or reiterated a “buy” recommendation on LPL Financial, adding to the constructive analyst sentiment surrounding the brokerage and wealth-management provider. BMO Capital gives LPL Financial a buy rating
• Positive Sentiment: LPL Financial welcomed Legacy Financial Group advisor Brad Jerome to its broker-dealer and RIA platforms. Jerome reportedly brings approximately $175 million in advisory, brokerage and retirement-plan assets, supporting LPL’s ongoing advisor recruiting and asset-gathering strategy. LPL Financial welcomes Legacy Financial Group
• Neutral Sentiment: UBS trimmed its LPL Financial price target slightly to $390 from $391 but retained a “buy” rating. The minimal reduction suggests limited change in its underlying view of the company. UBS adjusts LPL Financial price target
• Neutral Sentiment: LPL Financial will release third-quarter 2026 results after the market closes on October 27, followed by a conference call. Investors may remain cautious ahead of the report, which could provide the next major catalyst for the stock. LPL Financial announces third-quarter earnings date
• Negative Sentiment: BMO separately reduced its price target to $370 from $390 while maintaining an “outperform” rating. Although the rating remains positive, the lower target reflects a more cautious near-term outlook and may weigh on sentiment. BMO lowers LPL Financial price target

LPL Financial Company Profile

LPL Financial Holdings Inc is a financial services company that provides brokerage and investment advisory services through a network of independent financial advisors. Operating primarily in the United States, the company supports advisors who serve individuals, families, businesses and retirement plan participants.

LPL Financial’s platform offers access to investment products and services, including equities, bonds, mutual funds, exchange-traded funds, insurance products, annuities and alternative investments.