LPL Financial (NASDAQ:LPLA) Price Target Raised to $387.00

LPL Financial (NASDAQ:LPLA) had its price objective hoisted by research analysts at Morgan Stanley from $374.00 to $387.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has an “overweight” rating on the financial services provider’s stock. Morgan Stanley’s target price indicates a potential upside of 23.17% from the stock’s current price.

A number of other equities research analysts have also recently commented on LPLA. William Blair reiterated an “outperform” rating on shares of LPL Financial in a research note on Thursday, June 4th. TD Cowen cut their price objective on shares of LPL Financial from $330.00 to $326.00 and set a “hold” rating on the stock in a report on Friday, May 1st. Barclays dropped their target price on shares of LPL Financial from $412.00 to $394.00 and set an “overweight” rating on the stock in a research report on Thursday. Citizens Jmp reaffirmed a “market outperform” rating and issued a $500.00 price target on shares of LPL Financial in a report on Monday, April 6th. Finally, UBS Group lowered their price objective on shares of LPL Financial from $395.00 to $391.00 and set a “buy” rating for the company in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, LPL Financial currently has an average rating of “Moderate Buy” and a consensus price target of $398.21.

LPL Financial Trading Up 0.9%

NASDAQ:LPLA opened at $314.20 on Friday. The stock has a market capitalization of $25.13 billion, a price-to-earnings ratio of 28.08, a PEG ratio of 0.62 and a beta of 0.50. LPL Financial has a 52 week low of $260.15 and a 52 week high of $403.58. 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 of $293.14 and a 200 day moving average of $319.98.

LPL Financial (NASDAQ:LPLA) last issued its quarterly earnings data on Thursday, April 30th. The financial services provider reported $5.60 EPS for the quarter, beating the consensus estimate of $5.49 by $0.11. The firm had revenue of $4.94 billion during the quarter, compared to analyst estimates of $4.98 billion. LPL Financial had a return on equity of 31.26% and a net margin of 4.93%.The business’s revenue for the quarter was up 34.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $5.15 EPS. As a group, sell-side analysts anticipate that LPL Financial will post 22.94 earnings per share for the current fiscal year.

Insider Buying and Selling

In other LPL Financial news, CFO Matthew J. Audette sold 1,110 shares of the firm’s stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $330.01, for a total transaction of $366,311.10. Following the completion of the transaction, the chief financial officer directly owned 19,803 shares of the company’s stock, valued at approximately $6,535,188.03. This trade represents a 5.31% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Aneri Jambusaria sold 308 shares of LPL Financial stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $306.00, for a total transaction of $94,248.00. Following the sale, the director owned 6,415 shares of the company’s stock, valued at approximately $1,962,990. The trade was a 4.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 1,887 shares of company stock valued at $613,144 over the last three months. 0.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On LPL Financial

Several hedge funds have recently added to or reduced their stakes in LPLA. Osterweis Capital Management Inc. acquired a new stake in LPL Financial during the 2nd quarter worth about $26,000. Clearstead Advisors LLC lifted its holdings in shares of LPL Financial by 3,650.0% in the 4th quarter. Clearstead Advisors LLC now owns 75 shares of the financial services provider’s stock valued at $27,000 after buying an additional 73 shares during the period. Steigerwald Gordon & Koch Inc. lifted its holdings in shares of LPL Financial by 550.0% in the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 78 shares of the financial services provider’s stock valued at $28,000 after buying an additional 66 shares during the period. Core Wealth Advisors LLC purchased a new stake in shares of LPL Financial in the fourth quarter worth about $36,000. Finally, Physician Wealth Advisors Inc. boosted its stake in shares of LPL Financial by 580.0% in the first quarter. Physician Wealth Advisors Inc. now owns 136 shares of the financial services provider’s stock worth $41,000 after buying an additional 116 shares during the last quarter. 95.66% of the stock is owned by hedge funds and other institutional investors.

Key LPL Financial News

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

• Positive Sentiment: LPL and its acquired Commonwealth unit earned the top two spots in the 2026 JD Power U.S. Financial Advisor Satisfaction Study, with Commonwealth ranked #1 for the 13th straight year and LPL Financial LLC ranked #2. That supports the company’s brand with advisors and highlights strong service, technology, and platform offerings. Article Title
• Positive Sentiment: LPL continues to add advisors and assets, including Cypress Point Wealth Partners joining its independent advisor network and reports of a new $6 billion hybrid RIA and two advisor teams joining the platform. Those wins suggest healthy organic growth. Article Title
• Positive Sentiment: Barclays and UBS both reiterated favorable views on LPLA, even after trimming price targets slightly. Barclays still set a $394 target with an overweight rating, while UBS set a $391 target with a buy rating, which signals continued analyst confidence in upside. Article Title
• Neutral Sentiment: LPL announced it will report second-quarter 2026 results on July 30 and host a conference call afterward. This is an expected earnings calendar update, but it can keep attention on the stock ahead of results. Article Title
• Neutral Sentiment: Some commentary focused on valuation and “structural fee pressure,” but this appears to be more of a broader industry/analyst debate than a direct negative catalyst for today’s move. Article Title

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.