LPL Financial Holdings Inc. $LPLA Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System cut its position in shares of LPL Financial Holdings Inc. (NASDAQ:LPLA) by 1.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 117,376 shares of the financial services provider’s stock after selling 2,275 shares during the quarter. California State Teachers Retirement System owned 0.15% of LPL Financial worth $35,310,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of LPLA. Dodge & Cox grew its position in shares of LPL Financial by 18.6% during the 4th quarter. Dodge & Cox now owns 3,948,970 shares of the financial services provider’s stock valued at $1,410,454,000 after buying an additional 619,715 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of LPL Financial by 14.7% during 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 position in shares of 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 purchasing an additional 996,806 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of 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 last quarter. Finally, Principal Financial Group Inc. boosted its position in LPL Financial by 36.3% during 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 purchasing an additional 702,061 shares during the period. 95.66% of the stock is currently owned by institutional investors.

LPL Financial Stock Performance

Shares of LPLA opened at $353.70 on Friday. The firm has a market capitalization of $28.29 billion, a PE ratio of 28.21, a P/E/G ratio of 0.66 and a beta of 0.50. The company has a quick ratio of 2.56, a current ratio of 2.56 and a debt-to-equity ratio of 1.26. The firm has a 50-day moving average price of $301.76 and a 200 day moving average price of $316.27. LPL Financial Holdings Inc. has a 52-week low of $260.15 and a 52-week high of $403.58.

LPL Financial (NASDAQ:LPLA) last issued its quarterly earnings results on Thursday, July 30th. The financial services provider reported $5.84 earnings per share for the quarter, topping analysts’ consensus estimates of $5.39 by $0.45. The company had revenue of $5.19 billion during the quarter, compared to analyst estimates of $5.04 billion. LPL Financial had a net margin of 5.13% and a return on equity of 32.80%. The business’s revenue for the quarter was up 35.2% compared to the same quarter last year. During the same period in the prior year, the business posted $4.51 EPS. On average, sell-side analysts anticipate that LPL Financial Holdings Inc. will post 23.38 earnings per share for the current fiscal year.

LPL Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Friday, August 14th. LPL Financial’s dividend payout ratio is 9.57%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on LPLA. Keefe, Bruyette & Woods increased their target price on LPL Financial from $365.00 to $390.00 and gave the stock an “outperform” rating in a research report on Friday. Barclays upped their price target on shares of LPL Financial from $394.00 to $401.00 and gave the stock an “overweight” rating in a research report on Friday. JPMorgan Chase & Co. boosted their target price on shares of LPL Financial from $408.00 to $428.00 and gave the company an “overweight” rating in a research note on Friday. Citizens Jmp restated a “market outperform” rating and issued a $500.00 price target on shares of LPL Financial in a research note on Monday, April 6th. Finally, UBS Group decreased their price objective on LPL Financial from $395.00 to $391.00 and set a “buy” rating for the company in a report on Wednesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $406.62.

LPL Financial News Summary

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

• Positive Sentiment: Q2 earnings and revenue exceeded expectations. Adjusted EPS rose 29% year over year to $5.84, ahead of the $5.39 consensus, while revenue climbed 35.2% to $5.19 billion versus the $5.04 billion estimate. Net income reached $379 million, or $4.74 per diluted share. LPL Financial Q2 earnings and revenues beat estimates
• Positive Sentiment: Asset growth and recruiting momentum remained strong. Total client assets rose 34% year over year to $2.6 trillion, advisory assets increased 46% to $1.5 trillion, and organic net new assets totaled $23 billion. Recruited assets grew 35% to $25 billion, while management described the recruiting pipeline as a record and reported 97% asset retention. Why LPL Financial stock is up today
• Positive Sentiment: Capital returns and analyst support improved. LPL resumed repurchases, buying back $309 million of stock in Q2 and planning approximately $300 million in Q3; its board also increased authorization by $2.5 billion. JPMorgan raised its target to $428 and KBW increased its target to $390, with both firms maintaining bullish ratings.
• Positive Sentiment: Commonwealth integration expectations improved. The Q4 2026 onboarding remains on track, expected asset retention is approximately 90%, and estimated run-rate EBITDA contribution increased from $410 million to $435 million. LPL shares and Commonwealth update
• Neutral Sentiment: LPL declared a quarterly dividend of $0.30 per share, payable August 28 to shareholders of record August 14.
• Negative Sentiment: Higher operating expenses remain a partial offset: core G&A increased 22% year over year to $519 million. In addition, reported data showed 18 insider sales and no insider purchases during the past six months, a potential sentiment headwind.

Insiders Place Their Bets

In other LPL Financial news, Director Aneri Jambusaria sold 308 shares of the stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $306.00, for a total transaction of $94,248.00. Following the completion of the transaction, the director directly owned 6,415 shares of the company’s stock, valued at approximately $1,962,990. This trade represents a 4.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.60% of the stock is owned by company 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.