LPL Financial (NASDAQ:LPLA) Stock Gets Price Target Trim from TD Cowen

LPL Financial (NASDAQ:LPLA) had its price objective reduced by TD Cowen from $380.00 to $356.00 in a research note issued to investors on Wednesday morning,Benzinga reports. TD Cowen currently has a hold rating on the financial services provider’s stock.

A number of other research firms also recently commented on LPLA. Wolfe Research reiterated an “outperform” rating and set a $454.00 target price on shares of LPL Financial in a research report on Wednesday, August 12th. The Goldman Sachs Group restated a “buy” rating and issued a $400.00 price target on shares of LPL Financial in a report on Wednesday. Morgan Stanley boosted their price objective on shares of LPL Financial from $387.00 to $393.00 and gave the stock an “overweight” rating in a research note on Friday, October 9th. BMO Capital Markets cut their target price on LPL Financial from $390.00 to $370.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 6th. Finally, Barclays decreased their price target on shares of LPL Financial from $409.00 to $372.00 and set an “overweight” rating for the company in a research report on Wednesday. Fourteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, LPL Financial currently has an average rating of “Moderate Buy” and a consensus target price of $400.60.

LPL Financial Trading Up 1.5%

Shares of NASDAQ:LPLA opened at $283.74 on Wednesday. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.39 and a quick ratio of 2.39. The company has a market cap of $22.34 billion, a P/E ratio of 16.28, a PEG ratio of 0.53 and a beta of 0.53. The stock’s fifty day moving average price is $330.25 and its 200-day moving average price is $323.02. LPL Financial has a 1 year low of $260.15 and a 1 year high of $400.16.

LPL Financial (NASDAQ:LPLA) last issued its quarterly earnings results on Tuesday, October 27th. The financial services provider reported $5.97 earnings per share for the quarter, topping the consensus estimate of $5.69 by $0.28. LPL Financial had a net margin of 6.83% and a return on equity of 32.36%. The business had revenue of $5.34 billion for the quarter, compared to analysts’ expectations of $5.35 billion. During the same quarter last year, the company posted $5.20 EPS. The company’s revenue was up 17.4% compared to the same quarter last year. Sell-side analysts expect that LPL Financial will post 23.50 earnings per share for the current year.

LPL Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 30th. Investors of record on Thursday, November 12th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, November 12th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.4%. LPL Financial’s payout ratio is 6.88%.

Insider Activity

In other LPL Financial news, Director Aneri Jambusaria sold 308 shares of LPL Financial stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $357.36, for a total transaction of $110,066.88. Following the completion of the transaction, the director owned 6,107 shares in the company, valued at approximately $2,182,397.52. This trade represents a 4.80% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Greg Gates sold 4,119 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $355.38, for a total value of $1,463,810.22. Following the completion of the transaction, the director directly owned 23,602 shares of the company’s stock, valued at $8,387,678.76. The trade was a 14.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 4,867 shares of company stock valued at $1,726,944 in the last ninety days. Insiders own 0.60% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Gibbs Wealth Management increased its stake in shares of LPL Financial by 2.3% during the third quarter. Gibbs Wealth Management now owns 1,486 shares of the financial services provider’s stock worth $454,000 after purchasing an additional 33 shares in the last quarter. V Square Quantitative Management LLC lifted its stake in LPL Financial by 2.5% in the 3rd quarter. V Square Quantitative Management LLC now owns 1,459 shares of the financial services provider’s stock valued at $446,000 after buying an additional 36 shares in the last quarter. Bank of Nova Scotia boosted its holdings in LPL Financial by 0.7% in the 1st quarter. Bank of Nova Scotia now owns 5,705 shares of the financial services provider’s stock worth $1,716,000 after buying an additional 37 shares during the last quarter. Sterling Group Wealth Management LLC boosted its holdings in LPL Financial by 0.7% in the 1st quarter. Sterling Group Wealth Management LLC now owns 5,869 shares of the financial services provider’s stock worth $1,766,000 after buying an additional 42 shares during the last quarter. Finally, Berger Financial Group Inc increased its stake in LPL Financial by 6.1% during the 1st quarter. Berger Financial Group Inc now owns 749 shares of the financial services provider’s stock worth $225,000 after buying an additional 43 shares in the last quarter. Institutional investors and hedge funds own 95.66% of the company’s stock.

Trending Headlines about LPL Financial

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

• Positive Sentiment: LPL added Anchor Financial Partners to its broker-dealer and RIA platforms. The team reportedly serves approximately $525 million in advisory, brokerage and retirement-plan assets, adding to LPL’s advisor network and asset base. LPL Financial Welcomes Anchor Financial Partners
• Positive Sentiment: A Bell Global Equities Fund investor letter pushed back against concerns that artificial intelligence could disrupt LPL’s advisor-driven business model, supporting the long-term value of its independent wealth-management platform. Bell Global Equities Fund on AI Disruption Concerns
• Neutral Sentiment: UBS lowered its target from $390 to $369 but maintained a Buy rating, implying substantial upside based on the referenced share price. This indicates analysts remain divided rather than uniformly bearish. UBS LPL Financial Ratings
• Negative Sentiment: TD Cowen, Barclays, Wells Fargo, Truist Financial and JPMorgan Chase all issued lower expectations or price targets for LPLA. TD Cowen’s revised target was reported at $356, while the cluster of reductions weakened investor sentiment and contributed to the stock’s decline. TD Cowen Cuts LPL Financial Target
• Negative Sentiment: Recent reported insider activity showed four open-market sales and no purchases over six months, adding a modest additional cautionary signal.

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.