LPL Financial Holdings Inc. $LPLA Shares Sold by Comerica Bank

Comerica Bank trimmed its holdings in shares of LPL Financial Holdings Inc. (NASDAQ:LPLA) by 88.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,144 shares of the financial services provider’s stock after selling 128,074 shares during the period. Comerica Bank’s holdings in LPL Financial were worth $6,123,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of LPLA. NewEdge Advisors LLC lifted its stake in LPL Financial by 42.7% during the 1st quarter. NewEdge Advisors LLC now owns 3,525 shares of the financial services provider’s stock valued at $1,153,000 after acquiring an additional 1,055 shares during the period. Goldman Sachs Group Inc. lifted its stake in LPL Financial by 0.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 209,126 shares of the financial services provider’s stock valued at $68,414,000 after acquiring an additional 1,089 shares during the period. Woodline Partners LP acquired a new stake in LPL Financial during the 1st quarter valued at approximately $1,636,000. Focus Partners Wealth lifted its stake in LPL Financial by 12.2% during the 1st quarter. Focus Partners Wealth now owns 4,360 shares of the financial services provider’s stock valued at $1,426,000 after acquiring an additional 473 shares during the period. Finally, Acadian Asset Management LLC acquired a new stake in LPL Financial during the 1st quarter valued at approximately $121,000. 95.66% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have commented on LPLA shares. TD Cowen restated a “hold” rating on shares of LPL Financial in a research note on Thursday, April 9th. Weiss Ratings restated a “hold (c)” rating on shares of LPL Financial in a research note on Monday. Morgan Stanley decreased their price objective on shares of LPL Financial from $447.00 to $374.00 and set an “overweight” rating for the company in a research note on Friday, April 10th. Barclays decreased their target price on shares of LPL Financial from $435.00 to $369.00 and set an “overweight” rating for the company in a research note on Wednesday, April 8th. Finally, Jefferies Financial Group decreased their target price on shares of LPL Financial from $464.00 to $383.00 and set a “buy” rating for the company 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 assigned a Hold rating to the company. Based on data from MarketBeat, LPL Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $401.93.

Key Stories Impacting LPL Financial

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

• Positive Sentiment: Q1 results beat core estimates — adjusted EPS $5.60 (vs. $5.49 consensus) and revenue of $4.94B (above Street). Net income and adjusted pre-tax income rose year-over-year, supporting the beat. GlobeNewswire: Q1 2026 Results
• Positive Sentiment: Strong asset trends: total client assets +30% YoY to $2.3T, advisory assets +42% to $1.4T, and $21B of organic net new assets — metrics that support fee revenue durability and long-term growth. GlobeNewswire: Asset Details
• Positive Sentiment: Capital return: company resumed repurchases (~$125M planned in Q2) and declared a $0.30 quarterly dividend (ex-dividend May 21; payable June 4), which supports investor sentiment. (Dividend notice April 30 entry)
• Neutral Sentiment: Earnings call/transcripts are available for color on guidance and execution; analysts and investors are parsing management comments for cadence and 2026 outlook updates. Seeking Alpha: Q1 2026 Call Transcript Yahoo: Q1 Transcript
• Neutral Sentiment: Some outlets flagged conflicting takes on ‘sales’ metrics (one report noted a miss on a sales measure), so market attention will focus on which revenue/segment definitions drive future estimates. Yahoo: Misses Sales Expectations
• Negative Sentiment: Recruited assets collapsed ~55% YoY (Q1 recruited assets $17B), a notable slowdown in advisor recruiting that may pressure future asset growth and fee generation. GlobeNewswire: Recruiting Details
• Negative Sentiment: Operating expenses rose: core G&A increased ~29% YoY and management adjusted the upper end of 2026 Core G&A guidance (lowered by $20M) — higher costs could temper margin expansion. GlobeNewswire: Cost/Guidance Update
• Negative Sentiment: M&A cadence: Commonwealth conversion remains on track, but management trimmed estimated run-rate EBITDA from $425M to $410M; Mariner deal will shift ~144 advisors to a competing hybrid RIA model — these items reduce near-term upside from recent deals. GlobeNewswire: M&A and EBITDA Update

LPL Financial Stock Performance

LPLA opened at $334.13 on Friday. The company has a debt-to-equity ratio of 1.36, a current ratio of 2.45 and a quick ratio of 2.45. The firm has a fifty day moving average price of $308.70 and a 200 day moving average price of $342.49. LPL Financial Holdings Inc. has a 1 year low of $281.51 and a 1 year high of $403.58. The stock has a market cap of $26.79 billion, a P/E ratio of 30.35, a P/E/G ratio of 0.91 and a beta of 0.56.

LPL Financial (NASDAQ:LPLA) last issued its quarterly earnings results on Thursday, April 30th. The financial services provider reported $5.60 EPS for the quarter, topping the consensus estimate of $5.49 by $0.11. The company had revenue of $4.94 billion during the quarter, compared to analyst estimates of $4.51 billion. LPL Financial had a net margin of 5.08% and a return on equity of 34.19%. The firm’s revenue was up 34.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $5.15 EPS. Equities research analysts anticipate that LPL Financial Holdings Inc. will post 23 earnings per share for the current year.

LPL Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Thursday, May 21st will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Thursday, May 21st. LPL Financial’s payout ratio is presently 10.90%.

Insider Buying and Selling

In related news, Director Matthew Enyedi sold 2,109 shares of the business’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $320.15, for a total value of $675,196.35. Following the completion of the sale, the director owned 14,121 shares of the company’s stock, valued at approximately $4,520,838.15. The trade was a 12.99% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Marc Eliot Cohen sold 1,088 shares of the business’s stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $309.72, for a total transaction of $336,975.36. Following the completion of the sale, the director directly owned 4,400 shares of the company’s stock, valued at approximately $1,362,768. The trade was a 19.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 8,569 shares of company stock valued at $2,720,733. 0.60% of the stock is owned by corporate insiders.

About LPL Financial

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.