LPL Financial (NASDAQ:LPLA) Given New $390.00 Price Target at JPMorgan Chase & Co.

LPL Financial (NASDAQ:LPLA) had its price target reduced by JPMorgan Chase & Co. from $396.00 to $390.00 in a research note released on Friday,Benzinga reports. They currently have an overweight rating on the financial services provider’s stock.

Other analysts have also recently issued research reports about the company. Wolfe Research set a $478.00 price target on LPL Financial in a research report on Friday, January 30th. TD Cowen lowered their price target on LPL Financial from $330.00 to $326.00 and set a “hold” rating for the company in a research report on Friday. Morgan Stanley lowered their price target on LPL Financial from $447.00 to $374.00 and set an “overweight” rating for the company in a research report on Friday, April 10th. Keefe, Bruyette & Woods assumed coverage on LPL Financial in a report on Wednesday, April 8th. They issued an “outperform” rating and a $350.00 price objective for the company. Finally, Citizens Jmp reissued a “market outperform” rating and issued a $500.00 price objective on shares of LPL Financial in a report on Monday, April 6th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, LPL Financial has an average rating of “Moderate Buy” and an average price target of $398.86.

LPL Financial Stock Performance

LPLA traded down $15.50 on Friday, reaching $318.63. 1,288,825 shares of the stock were exchanged, compared to its average volume of 710,948. The company’s 50-day moving average price is $308.70 and its 200 day moving average price is $342.49. LPL Financial has a fifty-two week low of $281.51 and a fifty-two week high of $403.58. 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 market capitalization of $25.55 billion, a PE ratio of 28.94, a PEG ratio of 0.91 and a beta of 0.57.

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 analysts’ consensus estimates of $5.49 by $0.11. LPL Financial had a return on equity of 32.06% and a net margin of 4.93%.The company had revenue of $4.94 billion during the quarter, compared to analysts’ expectations of $4.98 billion. During the same quarter in the previous year, the firm posted $5.15 EPS. The firm’s revenue was up 34.6% compared to the same quarter last year. As a group, sell-side analysts forecast that LPL Financial will post 23 EPS for the current fiscal year.

LPL Financial Announces Dividend

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

Insider Activity

In related news, Director Matthew Enyedi sold 2,109 shares of the company’s stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $320.15, for a total value of $675,196.35. Following the completion of the transaction, the director owned 14,121 shares of the company’s stock, valued at approximately $4,520,838.15. This represents a 12.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Matthew J. Audette sold 1,581 shares of the company’s stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $320.50, for a total value of $506,710.50. Following the completion of the transaction, the chief financial officer directly owned 21,382 shares of the company’s stock, valued at $6,852,931. The trade was a 6.88% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 8,569 shares of company stock valued at $2,720,733 in the last quarter. 0.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On LPL Financial

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in LPL Financial by 4.0% in the 3rd quarter. Vanguard Group Inc. now owns 8,303,768 shares of the financial services provider’s stock worth $2,762,581,000 after purchasing an additional 317,002 shares during the period. Dodge & Cox raised its holdings in LPL Financial by 18.6% in the 4th quarter. Dodge & Cox now owns 3,948,970 shares of the financial services provider’s stock worth $1,410,454,000 after purchasing an additional 619,715 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in LPL Financial by 14.7% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,719,447 shares of the financial services provider’s stock worth $1,328,475,000 after purchasing an additional 477,094 shares during the period. Capital World Investors raised its holdings in LPL Financial by 37.9% in 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 purchasing an additional 996,806 shares during the period. Finally, Janus Henderson Group PLC raised its holdings in LPL Financial by 9.0% in 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 purchasing an additional 280,202 shares during the period. Institutional investors and hedge funds own 95.66% of the company’s stock.

Key LPL Financial News

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

• Positive Sentiment: Q1 beat on the top and bottom line — adjusted EPS of $5.60 and revenue of $4.94B, above consensus; gross profit and adjusted pre-tax income rose year-over-year, supporting profitability. LPL Financial Announces First-Quarter 2026 Results
• Positive Sentiment: Advisory assets and total client assets expanded materially (advisory assets +42% YoY; total client assets $2.3T), increasing recurring-fee exposure and long-term revenue mix. LPLA Q1 Earnings Beat — Zacks
• Positive Sentiment: Capital returns and shareholder-friendly actions: company resumed share repurchases (~$125M planned for Q2) and declared a quarterly dividend ($0.30/share), which can support valuation. LPL Q1 Slide Deck / Press Release
• Neutral Sentiment: JPMorgan slightly trimmed its price target (from $396 to $390) but kept an Overweight rating, signaling continued analyst conviction despite trimming assumptions. Benzinga — JPMorgan Price Target
• Neutral Sentiment: Full earnings call/transcript and analyst notes are available for deeper read-through of assumptions and guidance changes. Earnings Call Transcript — Seeking Alpha
• Negative Sentiment: Recruited assets plunged (~$17B; down ~55% YoY), and organic net new assets were modest ($21B), raising concerns about forward growth momentum for AUM-driven fees. This softness is a key driver of the intra-day decline. Quiver Quant — Asset Metrics & Price Reaction
• Negative Sentiment: Management lowered the estimated Commonwealth run‑rate EBITDA (to ~$410M from $425M) and flagged higher Core G&A, which tempers margin upside and near-term cash flow expectations. LPL Financial Q1 Release — GlobeNewswire
• Negative Sentiment: Market reaction is amplified by visible insider selling activity reported in recent months (multiple insiders selling, few purchases), which can add to near-term selling pressure. Quiver Quant — Insider & Institutional Activity

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.