LPL Financial (NASDAQ:LPLA) Given New $372.00 Price Target at Barclays

LPL Financial (NASDAQ:LPLA) had its price target cut by Barclays from $409.00 to $372.00 in a note issued to investors on Wednesday, Benzinga reports. The firm currently has an “overweight” rating on the financial services provider’s stock. Barclays‘s price objective suggests a potential upside of 35.52% from the stock’s previous close.

A number of other equities research analysts also recently issued reports on LPLA. TD Cowen upped their price objective on LPL Financial from $377.00 to $380.00 and gave the company a “hold” rating in a research report on Monday, October 12th. Citizens Jmp reiterated a “market outperform” rating and issued a $500.00 target price on shares of LPL Financial in a report on Monday, October 5th. Capital One Financial set a $370.00 price target on LPL Financial in a report on Tuesday, October 6th. BMO Capital Markets lowered their price target on LPL Financial from $390.00 to $370.00 and set an “outperform” rating for the company in a research report on Tuesday, October 6th. Finally, Morgan Stanley raised their price target on LPL Financial from $387.00 to $393.00 and gave the stock an “overweight” rating in a research report on Friday, October 9th. Fourteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $404.12.

LPL Financial Price Performance

Shares of LPL Financial stock traded down $43.06 during trading hours on Wednesday, reaching $274.50. The company’s stock had a trading volume of 2,055,330 shares, compared to its average volume of 892,528. The firm has a 50 day moving average price of $335.24 and a 200-day moving average price of $324.30. The stock has a market cap of $21.61 billion, a P/E ratio of 21.87 and a beta of 0.53. LPL Financial has a one year low of $260.15 and a one year high of $400.16.

LPL Financial (NASDAQ:LPLA) last announced its quarterly earnings results on Tuesday, October 27th. The financial services provider reported $5.97 EPS for the quarter, beating analysts’ consensus estimates of $5.69 by $0.28. The business had revenue of $5.34 billion during the quarter, compared to the consensus estimate of $5.35 billion. The firm’s revenue was up 17.4% on a year-over-year basis. During the same period in the previous year, the business posted $5.20 EPS. As a group, sell-side analysts forecast that LPL Financial will post 23.83 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Katharine Reeping sold 440 shares of the firm’s stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $347.88, for a total value of $153,067.20. Following the transaction, the insider owned 1,774 shares of the company’s stock, valued at $617,139.12. This trade represents a 19.87% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Aneri Jambusaria sold 308 shares of LPL Financial stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $357.36, for a total transaction of $110,066.88. Following the sale, the director owned 6,107 shares of the company’s stock, valued at $2,182,397.52. The trade was a 4.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 5,867 shares of company stock worth $2,079,664. Insiders own 0.60% of the company’s stock.

Hedge Funds Weigh In On LPL Financial

A number of hedge funds have recently added to or reduced their stakes in LPLA. Physician Wealth Advisors Inc. increased its position in shares of LPL Financial by 580.0% during the first quarter. Physician Wealth Advisors Inc. now owns 136 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 116 shares during the period. Versant Capital Management Inc boosted its holdings in shares of LPL Financial by 79.0% in the second quarter. Versant Capital Management Inc now owns 188 shares of the financial services provider’s stock valued at $53,000 after purchasing an additional 83 shares during the period. Abound Financial LLC grew its stake in LPL Financial by 9,550.0% in the first quarter. Abound Financial LLC now owns 193 shares of the financial services provider’s stock worth $58,000 after purchasing an additional 191 shares in the last quarter. Whipplewood Advisors LLC grew its stake in LPL Financial by 1,260.0% in the first quarter. Whipplewood Advisors LLC now owns 204 shares of the financial services provider’s stock worth $61,000 after purchasing an additional 189 shares in the last quarter. Finally, Harbor Investment Advisory LLC bought a new position in LPL Financial in the second quarter worth approximately $59,000. 95.66% of the stock is currently owned by institutional investors.

Key Stories Impacting LPL Financial

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

• Positive Sentiment: LPL reported third-quarter adjusted EPS of $5.97, above the $5.69 analyst consensus, while revenue rose 17.4% year over year to $5.34 billion. Client assets increased 11% to $2.6 trillion, advisory assets grew 16% to $1.6 trillion, and the company repurchased approximately $301 million of stock. LPL Financial Announces Third Quarter 2026 Results
• Positive Sentiment: Analysts still see substantial long-term upside: Wells Fargo maintained an overweight rating with a $350 price target, while Truist kept a hold rating with a $335 target. Both targets were reduced but remain above the recent trading level. Wells Fargo LPL Financial rating
• Neutral Sentiment: The board declared a quarterly dividend of $0.30 per share, payable November 30 to shareholders of record November 12. The dividend provides modest shareholder support, with an annualized yield of approximately 0.4%.
• Neutral Sentiment: Institutional positioning was mixed, with 346 investors adding shares and 378 reducing positions in the latest reported period. Recent analyst price targets remain broadly optimistic, but the target reductions signal more cautious near-term expectations.
• Negative Sentiment: Commonwealth integration concerns weighed on sentiment. Although the conversion remains scheduled for mid-November, expected asset retention was lowered to approximately 83% from the previously discussed 90% target, and estimated run-rate EBITDA was reduced to $415 million.
• Negative Sentiment: October organic growth is expected to slow to roughly 3%, below the approximately 5% annualized growth reported in the third quarter. Management also expects higher fourth-quarter payout rates, transition-assistance loan amortization, interest expense, and depreciation and amortization, pointing to near-term margin pressure.
• Negative Sentiment: Revenue slightly missed consensus estimates despite the EPS beat, reinforcing concerns that stronger earnings were not matched by equally strong operating momentum. Reported insider activity was also entirely sales-oriented over the past six months, though such transactions may not be directly related to current fundamentals.

LPL Financial Company Profile

LPL Financial Holdings Inc is a financial services company that supports independent financial advisors and institutions across the United States. Through its primary subsidiary, LPL Financial LLC, the company provides brokerage, investment advisory, and custodial services, enabling advisors to serve individual investors, families, retirement plans, and other clients.

LPL’s platform includes access to brokerage and advisory products, securities clearing and custody, trading and operations support, technology, compliance services, investment research, and practice-management resources.