LPL Financial (NASDAQ:LPLA) Price Target Cut to $370.00 by Analysts at BMO Capital Markets

LPL Financial (NASDAQ:LPLA) had its price target trimmed by BMO Capital Markets from $390.00 to $370.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an outperform rating on the financial services provider’s stock.

Other analysts have also recently issued research reports about the stock. UBS Group cut their target price 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, July 8th. Citigroup reissued a “market outperform” rating on shares of LPL Financial in a report on Monday. Citizens Jmp restated a “market outperform” rating and set a $500.00 price objective on shares of LPL Financial in a report on Monday. Bank of America lowered their target price on LPL Financial from $557.00 to $554.00 and set a “buy” rating on the stock in a research note on Monday. Finally, TD Cowen lifted their price target on LPL Financial from $372.00 to $377.00 and gave the stock a “hold” rating in a report on Tuesday, September 1st. Fourteen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $409.81.

LPL Financial Trading Up 0.1%

LPL Financial stock opened at $332.39 on Tuesday. The stock has a 50-day simple moving average of $346.85 and a 200 day simple moving average of $318.52. The stock has a market capitalization of $26.17 billion, a P/E ratio of 26.51, a PEG ratio of 0.55 and a beta of 0.53. The company has a debt-to-equity ratio of 1.30, a quick ratio of 2.39 and a current ratio of 2.39. LPL Financial has a 52 week low of $260.15 and a 52 week high of $400.16.

LPL Financial (NASDAQ:LPLA) last released its quarterly earnings data on Thursday, July 30th. The financial services provider reported $5.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.39 by $0.45. The company had revenue of $5.19 billion during the quarter, compared to analysts’ expectations of $5.04 billion. LPL Financial had a return on equity of 32.20% and a net margin of 5.13%.The business’s revenue was up 35.2% on a year-over-year basis. During the same period last year, the firm posted $4.51 earnings per share. Analysts expect that LPL Financial will post 24.24 earnings per share for the current year.

LPL Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $1.20 annualized dividend and a dividend yield of 0.4%. LPL Financial’s dividend payout ratio (DPR) is currently 9.57%.

Insider Buying and Selling at LPL Financial

In other news, insider Katharine Reeping sold 440 shares of the stock in a transaction on Friday, September 11th. The stock was sold at an average price of $347.88, for a total transaction of $153,067.20. Following the sale, the insider directly owned 1,774 shares of the company’s stock, valued at approximately $617,139.12. This represents a 19.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Aneri Jambusaria sold 308 shares of the firm’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $357.36, for a total value of $110,066.88. Following the completion of the transaction, the director owned 6,107 shares in the company, valued at $2,182,397.52. The trade was a 4.80% decrease in their position. 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 5,867 shares of company stock valued at $2,079,664 in the last three months. Corporate insiders own 0.60% of the company’s stock.

Institutional Investors Weigh In On LPL Financial

A number of large investors have recently bought and sold shares of LPLA. Physician Wealth Advisors Inc. lifted its holdings in shares of LPL Financial by 580.0% during the 1st 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. Pinpoint Asset Management Singapore Pte. Ltd. bought a new position in LPL Financial in the fourth quarter valued at approximately $50,000. Reflection Asset Management bought a new position in LPL Financial in the fourth quarter valued at approximately $50,000. Versant Capital Management Inc raised its position in LPL Financial by 79.0% during 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 in the last quarter. Finally, Abound Financial LLC raised its position in LPL Financial by 9,550.0% during the first quarter. Abound Financial LLC now owns 193 shares of the financial services provider’s stock valued at $58,000 after purchasing an additional 191 shares in the last quarter. 95.66% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about LPL Financial

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

• Positive Sentiment: LPL’s August operating metrics pointed to improving growth: total client assets reached approximately $2.60 trillion, while organic net new assets rose to $13.5 billion, representing a 6.4% annualized growth rate versus 3.5% in July. These figures suggest stronger recruiting, retention and fee-earning asset growth. LPL Financial Holdings climbs as investors react to strong asset-gathering trends and a fresh bullish analyst initiation
• Positive Sentiment: LPL welcomed Praxis Financial Partners from Wells Fargo Advisors Financial Network. The advisory team reportedly brings approximately $1.1 billion in advisory, brokerage and retirement-plan assets, supporting LPL’s recruiting strategy and future revenue potential. LPL Financial Welcomes Praxis Financial Partners
• Positive Sentiment: Citizens JMP reaffirmed its “Market Outperform” rating and assigned a $500 price target, while Wells Fargo recently initiated coverage with an Overweight rating and a $362 target. The endorsements reinforce a broadly constructive Wall Street view.
• Neutral Sentiment: LPL will release third-quarter 2026 results after the market closes on October 27 and hold a conference call at 5 p.m. ET. The announcement itself does not change fundamentals but gives investors a near-term catalyst to assess asset flows, recruiting and earnings. LPL Financial Announces Third Quarter 2026 Earnings Release Date and Conference Call
• Negative Sentiment: BMO Capital Markets lowered its price target from $390 to $370, although it maintained an “Outperform” rating. The reduction signals more cautious valuation expectations and could limit upside sentiment.
• Negative Sentiment: Reported insider activity has consisted of selling rather than buying over the past six months, including sales by senior executives. While not necessarily fundamental, the pattern may weigh modestly on investor confidence.

LPL Financial Company Profile

LPL Financial Holdings Inc is a financial services company that provides brokerage and investment advisory services through a network of independent financial advisors. Operating primarily in the United States, the company supports advisors who serve individuals, families, businesses and retirement plan participants.

LPL Financial’s platform offers access to investment products and services, including equities, bonds, mutual funds, exchange-traded funds, insurance products, annuities and alternative investments.