JPMorgan Chase & Co. Cuts LPL Financial (NASDAQ:LPLA) Price Target to $390.00

LPL Financial (NASDAQ:LPLA) had its price objective dropped by stock analysts at JPMorgan Chase & Co. from $396.00 to $390.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 20.79% from the stock’s previous close.

Other equities research analysts also recently issued reports about the stock. Weiss Ratings restated a “hold (c)” rating on shares of LPL Financial in a report on Monday. Jefferies Financial Group decreased their price target on shares of LPL Financial from $464.00 to $383.00 and set a “buy” rating on the stock in a report on Monday, April 6th. UBS Group upgraded LPL Financial from a “neutral” rating to a “buy” rating and dropped their price objective for the stock from $406.00 to $380.00 in a report on Wednesday, April 8th. Keefe, Bruyette & Woods initiated coverage on LPL Financial in a research report on Wednesday, April 8th. They issued an “outperform” rating and a $350.00 target price on the stock. Finally, Wolfe Research set a $478.00 target price on LPL Financial in a report on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $401.50.

LPL Financial Trading Down 3.4%

Shares of LPLA stock traded down $11.25 during mid-day trading on Friday, hitting $322.88. 896,649 shares of the company’s stock were exchanged, compared to its average volume of 936,431. The stock has a market cap of $25.89 billion, a price-to-earnings ratio of 29.35, a PEG ratio of 0.91 and a beta of 0.56. The stock has a 50-day simple moving average of $308.70 and a two-hundred day simple moving average of $342.49. LPL Financial has a fifty-two week low of $281.51 and a fifty-two week high of $403.58. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 1.36.

LPL Financial (NASDAQ:LPLA) last released its earnings results on Thursday, April 30th. The financial services provider reported $5.60 earnings per share for the quarter, topping the consensus estimate of $5.49 by $0.11. The firm had revenue of $4.94 billion for the quarter, compared to the consensus estimate of $4.51 billion. LPL Financial had a return on equity of 34.19% and a net margin of 5.08%.The firm’s revenue for the quarter was up 34.6% compared to the same quarter last year. During the same period in the prior year, the business posted $5.15 earnings per share. Equities analysts expect that LPL Financial will post 23 EPS for the current fiscal year.

Insider Activity at LPL Financial

In other LPL Financial news, CFO Matthew J. Audette sold 1,581 shares of the firm’s stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $320.50, for a total value of $506,710.50. Following the transaction, the chief financial officer directly owned 21,382 shares of the company’s stock, valued at $6,852,931. This trade represents a 6.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Matthew Enyedi sold 2,109 shares of the business’s stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $320.15, for a total value of $675,196.35. Following the transaction, the director owned 14,121 shares in the company, valued at approximately $4,520,838.15. This represents a 12.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 8,569 shares of company stock worth $2,720,733. 0.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On LPL Financial

Several hedge funds and other institutional investors have recently bought and sold shares of LPLA. Stratos Investment Management LLC boosted its stake in LPL Financial by 4.2% in the 3rd quarter. Stratos Investment Management LLC now owns 715 shares of the financial services provider’s stock worth $238,000 after purchasing an additional 29 shares during the period. Goldstein Advisors LLC raised its stake in LPL Financial by 4.8% during the 4th quarter. Goldstein Advisors LLC now owns 634 shares of the financial services provider’s stock valued at $226,000 after purchasing an additional 29 shares during the period. Frank Rimerman Advisors LLC lifted its holdings in shares of LPL Financial by 4.1% in the fourth quarter. Frank Rimerman Advisors LLC now owns 785 shares of the financial services provider’s stock valued at $280,000 after purchasing an additional 31 shares in the last quarter. Coastal Bridge Advisors LLC lifted its holdings in shares of LPL Financial by 0.6% in the fourth quarter. Coastal Bridge Advisors LLC now owns 5,475 shares of the financial services provider’s stock valued at $1,956,000 after purchasing an additional 31 shares in the last quarter. Finally, PUREfi Wealth LLC boosted its position in shares of LPL Financial by 4.7% in the third quarter. PUREfi Wealth LLC now owns 732 shares of the financial services provider’s stock worth $244,000 after buying an additional 33 shares during the period. 95.66% of the stock is owned by institutional investors and hedge funds.

Key LPL Financial News

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

• Positive Sentiment: Q1 results beat consensus — adjusted EPS $5.60 vs. $5.49 estimate and revenue rose ~35% year‑over‑year, driven by higher advisory revenue and strong gross profit growth. This supports earnings momentum. Read More.
• Positive Sentiment: Capital returns resumed — LPL plans ~ $125M of share repurchases in Q2 and declared a quarterly dividend ($0.30/share), which are shareholder-friendly actions. Read More.
• Neutral Sentiment: Analyst stance remains constructive overall — multiple firms maintain buy/overweight ratings and the median price target sits near $380, giving longer-term upside if growth normalizes. Read More.
• Neutral Sentiment: Full earnings and call transcripts are available for investor due diligence; management reiterated M&A plans (Commonwealth conversion, Mariner transaction) and updated operational details. Read More.
• Negative Sentiment: Recruited assets fell sharply — recruited assets were $17B, down ~55% YoY, and organic net new assets were $21B; total client assets were $2.3T but were pressured by weaker equity markets. These weaker asset trends raise concerns about near‑term growth for a wealth manager. Read More.
• Negative Sentiment: Margin and expense headwinds — Core G&A rose ~29% YoY and management trimmed the upper end of its 2026 Core G&A outlook; Commonwealth’s estimated run‑rate EBITDA was cut to ~$410M, a downgrade that clouds the deal’s near-term earnings contribution. Read More.
• Negative Sentiment: Insider selling — public filings show frequent insider sales (multiple executives selling shares in recent months), which some investors view as a negative signal. Read More.

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.