BMO Capital Markets Has Lowered Expectations for LPL Financial (NASDAQ:LPLA) Stock Price

LPL Financial (NASDAQ:LPLA) had its price objective cut by equities researchers at BMO Capital Markets from $390.00 to $370.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm presently has an “outperform” rating on the financial services provider’s stock. BMO Capital Markets’ price objective indicates a potential upside of 13.92% from the company’s previous close.

LPLA has been the subject of a number of other research reports. Weiss Ratings reissued a “hold (c)” rating on shares of LPL Financial in a research report on Friday, July 24th. Bank of America decreased their price objective on shares of LPL Financial from $557.00 to $554.00 and set a “buy” rating for the company in a report on Monday. Wells Fargo & Company assumed coverage on shares of LPL Financial in a research report on Friday, October 2nd. They set an “overweight” rating and a $362.00 price target on the stock. UBS Group decreased their price target on LPL Financial from $395.00 to $391.00 and set a “buy” rating for the company in a research note on Wednesday, July 8th. Finally, Barclays boosted their price objective on LPL Financial from $394.00 to $401.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Fourteen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, LPL Financial currently has an average rating of “Moderate Buy” and an average price target of $411.31.

LPL Financial Trading Down 2.3%

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

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

Insider Buying and Selling

In related news, Director Matthew Enyedi sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $352.72, for a total transaction of $352,720.00. Following the completion of the transaction, the director owned 13,121 shares in the company, valued at $4,628,039.12. The trade was a 7.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Katharine Reeping sold 440 shares of the company’s stock in a transaction on Friday, September 11th. The stock was sold at an average price of $347.88, for a total value of $153,067.20. Following the transaction, the insider owned 1,774 shares of the company’s stock, valued at approximately $617,139.12. The trade was a 19.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 5,867 shares of company stock worth $2,079,664. Company insiders own 0.60% of the company’s stock.

Hedge Funds Weigh In On LPL Financial

Several hedge funds and other institutional investors have recently modified their holdings of LPLA. ICICI Prudential Asset Management Co Ltd bought a new position in LPL Financial in the 4th quarter worth about $2,822,000. OP Asset Management Ltd acquired a new stake in shares of LPL Financial in the first quarter valued at approximately $2,538,000. SCS Capital Management LLC bought a new stake in shares of LPL Financial during the second quarter valued at approximately $60,142,000. Ocean Park Asset Management LLC bought a new stake in shares of LPL Financial during the first quarter valued at approximately $21,519,000. Finally, BlackRock Inc. acquired a new position in shares of LPL Financial during the second quarter worth approximately $1,333,189,000. Institutional investors and hedge funds own 95.66% of the company’s stock.

Key Headlines Impacting LPL Financial

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

About LPL Financial

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.