Jefferies Financial Group Forecasts Strong Price Appreciation for LPL Financial (NASDAQ:LPLA) Stock

LPL Financial (NASDAQ:LPLA) had its price objective increased by analysts at Jefferies Financial Group from $426.00 to $440.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the financial services provider’s stock. Jefferies Financial Group’s price target points to a potential upside of 20.71% from the company’s current price.

LPLA has been the topic of several other research reports. JMP Securities set a $475.00 price objective on shares of LPL Financial in a report on Friday, October 31st. Wolfe Research set a $478.00 price objective on shares of LPL Financial in a research note on Friday. Weiss Ratings reiterated a “hold (c)” rating on shares of LPL Financial in a research report on Wednesday. JPMorgan Chase & Co. lifted their price target on LPL Financial from $433.00 to $439.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Citigroup reissued an “outperform” rating on shares of LPL Financial in a research note on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $427.69.

LPL Financial Price Performance

LPLA traded up $1.79 during trading hours on Friday, hitting $364.50. The company’s stock had a trading volume of 1,269,840 shares, compared to its average volume of 624,830. The business’s 50-day moving average price is $365.83 and its 200-day moving average price is $358.40. LPL Financial has a 12 month low of $262.83 and a 12 month high of $403.58. The company has a current ratio of 2.60, a quick ratio of 2.60 and a debt-to-equity ratio of 1.49. The stock has a market cap of $29.17 billion, a price-to-earnings ratio of 33.56, a P/E/G ratio of 0.79 and a beta of 0.57.

LPL Financial (NASDAQ:LPLA) last issued its quarterly earnings results on Thursday, January 29th. The financial services provider reported $5.23 EPS for the quarter, beating the consensus estimate of $4.82 by $0.41. The company had revenue of $4.93 billion for the quarter, compared to the consensus estimate of $4.90 billion. LPL Financial had a net margin of 5.35% and a return on equity of 36.80%. The firm’s revenue was up 8.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.25 EPS. Sell-side analysts expect that LPL Financial will post 19.35 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Richard Steinmeier sold 5,058 shares of the business’s stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $370.99, for a total value of $1,876,467.42. Following the sale, the chief executive officer directly owned 9,326 shares in the company, valued at $3,459,852.74. The trade was a 35.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Aneri Jambusaria sold 80 shares of the firm’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $352.48, for a total transaction of $28,198.40. Following the transaction, the director owned 5,502 shares of the company’s stock, valued at $1,939,344.96. This trade represents a 1.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 7,388 shares of company stock valued at $2,747,538. 1.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Osterweis Capital Management Inc. acquired a new stake in LPL Financial during the second quarter valued at approximately $26,000. Steigerwald Gordon & Koch Inc. boosted its position in shares of LPL Financial by 550.0% during the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 78 shares of the financial services provider’s stock worth $28,000 after buying an additional 66 shares during the period. SBI Securities Co. Ltd. increased its stake in LPL Financial by 116.2% during the 2nd quarter. SBI Securities Co. Ltd. now owns 80 shares of the financial services provider’s stock valued at $30,000 after buying an additional 43 shares during the period. Chung Wu Investment Group LLC bought a new position in LPL Financial during the third quarter valued at about $27,000. Finally, SJS Investment Consulting Inc. raised its position in shares of LPL Financial by 912.5% during the third quarter. SJS Investment Consulting Inc. now owns 81 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 73 shares during the period. 95.66% of the stock is currently owned by hedge funds and other institutional investors.

More LPL Financial News

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

• Positive Sentiment: Q4 beat and large asset base — LPL reported adjusted EPS of $5.23 (beat) and revenue of $4.93B, with total advisory & brokerage assets reaching ~$2.4T, supporting long‑term fee revenue growth. LPL Q4 & FY2025 Results
• Positive Sentiment: Dividend and capital actions — Board declared a $0.30 quarterly dividend (payable March 24), signaling cash return discipline even as the company deploys capital for M&A. Dividend Declaration
• Positive Sentiment: Integration progress and recruiting focus — Management highlighted onboarding/integration of Atria and Commonwealth and recruiting priorities that underpin expected asset retention and future EBITDA run‑rate. That supports the medium‑term growth thesis if retention targets (~90% for Commonwealth) hold. Deep Dive: Integration & Recruiting
• Neutral Sentiment: Earnings call and materials available — Management commentary and the transcript/slide deck provide detail on cadence of asset transitions, expected synergies and timing of Commonwealth conversion (targeted Q4 2026). Traders will parse these for cadence risk. Slide Deck / Press Release
• Neutral Sentiment: Street models & forecasts — Recent analyst research and stock‑forecast pages are being updated to reflect acquisition costs and 2026 outlook ranges; expect forward estimates to shift as integration clarity improves. Analyst Forecasts
• Negative Sentiment: Price target trimmed — TD Cowen cut its target from $399 to $378 and moved to a “hold,” signaling some analyst caution on valuation given near‑term expense lift. TD Cowen Price Target Cut
• Negative Sentiment: Expense outlook and integration costs pressure near‑term results — Management’s 2026 Core G&A outlook rises materially when Commonwealth costs are included (guidance range ~$2.155–2.210B), and several reports note rising expenses overshadowing the quarter’s beat; that concern has weighed on the share reaction. Expense Outlook Weighs on Shares
• Negative Sentiment: Profitability nuance — Although adjusted EPS rose, GAAP net income for the full year declined year‑over‑year and recruiting/recruited asset flows showed quarter‑to‑quarter variability, adding execution risk until integration synergies materialize. Zacks: Costs Rise Despite Beat

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.