Pictet Asset Management Holding SA Sells 3,058 Shares of LPL Financial Holdings Inc. $LPLA

Pictet Asset Management Holding SA cut its position in LPL Financial Holdings Inc. (NASDAQ:LPLA) by 6.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,463 shares of the financial services provider’s stock after selling 3,058 shares during the quarter. Pictet Asset Management Holding SA’s holdings in LPL Financial were worth $15,881,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. NewEdge Advisors LLC increased its holdings in shares of LPL Financial by 42.7% during the 1st quarter. NewEdge Advisors LLC now owns 3,525 shares of the financial services provider’s stock worth $1,153,000 after acquiring an additional 1,055 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in LPL Financial by 0.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 209,126 shares of the financial services provider’s stock worth $68,414,000 after purchasing an additional 1,089 shares in the last quarter. Woodline Partners LP bought a new stake in shares of LPL Financial in the first quarter valued at approximately $1,636,000. Focus Partners Wealth grew its holdings in shares of LPL Financial by 12.2% during the 1st quarter. Focus Partners Wealth now owns 4,360 shares of the financial services provider’s stock worth $1,426,000 after purchasing an additional 473 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new stake in LPL Financial during the first quarter worth about $121,000. Institutional investors and hedge funds own 95.66% of the company’s stock.

LPL Financial Trading Down 4.6%

Shares of LPL Financial stock opened at $318.63 on Friday. The stock has a fifty day simple moving average of $308.70 and a 200 day simple moving average of $342.49. The company has a market capitalization of $25.55 billion, a P/E ratio of 28.94, a price-to-earnings-growth ratio of 0.91 and a beta of 0.57. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 1.36. LPL Financial Holdings Inc. has a 12-month low of $281.51 and a 12-month high of $403.58.

LPL Financial (NASDAQ:LPLA) last released its quarterly earnings results on Thursday, April 30th. The financial services provider reported $5.60 earnings per share for the quarter, beating analysts’ consensus estimates of $5.49 by $0.11. The company had revenue of $4.94 billion for the quarter, compared to analyst estimates of $4.98 billion. LPL Financial had a net margin of 4.93% and a return on equity of 32.06%. The firm’s revenue was up 34.6% on a year-over-year basis. During the same period last year, the firm earned $5.15 earnings per share. On average, sell-side analysts anticipate that LPL Financial Holdings Inc. will post 23 earnings per share for the current fiscal year.

LPL Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Thursday, May 21st will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Thursday, May 21st. LPL Financial’s payout ratio is presently 10.90%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Jefferies Financial Group decreased their price target on LPL Financial from $464.00 to $383.00 and set a “buy” rating on the stock in a research note on Monday, April 6th. Keefe, Bruyette & Woods started coverage on shares of LPL Financial in a research note on Wednesday, April 8th. They set an “outperform” rating and a $350.00 price target for the company. JPMorgan Chase & Co. lowered their price objective on LPL Financial from $396.00 to $390.00 and set an “overweight” rating for the company in a research report on Friday. UBS Group boosted their target price on shares of LPL Financial from $380.00 to $395.00 and gave the company a “buy” rating in a report on Friday. Finally, TD Cowen cut their price target on LPL Financial from $330.00 to $326.00 and set a “hold” rating on the stock in a report on Friday. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $398.86.

Insiders Place Their Bets

In other LPL Financial news, Director Marc Eliot Cohen sold 1,088 shares of the business’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $309.72, for a total value of $336,975.36. Following the transaction, the director directly owned 4,400 shares in the company, valued at $1,362,768. The trade was a 19.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Matthew J. Audette sold 1,110 shares of the company’s stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $330.01, for a total value of $366,311.10. Following the completion of the transaction, the chief financial officer owned 19,803 shares in the company, valued at approximately $6,535,188.03. The trade was a 5.31% 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 90 days, insiders have sold 8,569 shares of company stock valued at $2,720,733. Company insiders own 0.60% of the company’s stock.

LPL Financial News Summary

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

• Positive Sentiment: Q1 beat on the top and bottom line — adjusted EPS of $5.60 and revenue of $4.94B, above consensus; gross profit and adjusted pre-tax income rose year-over-year, supporting profitability. LPL Financial Announces First-Quarter 2026 Results
• Positive Sentiment: Advisory assets and total client assets expanded materially (advisory assets +42% YoY; total client assets $2.3T), increasing recurring-fee exposure and long-term revenue mix. LPLA Q1 Earnings Beat — Zacks
• Positive Sentiment: Capital returns and shareholder-friendly actions: company resumed share repurchases (~$125M planned for Q2) and declared a quarterly dividend ($0.30/share), which can support valuation. LPL Q1 Slide Deck / Press Release
• Neutral Sentiment: JPMorgan slightly trimmed its price target (from $396 to $390) but kept an Overweight rating, signaling continued analyst conviction despite trimming assumptions. Benzinga — JPMorgan Price Target
• Neutral Sentiment: Full earnings call/transcript and analyst notes are available for deeper read-through of assumptions and guidance changes. Earnings Call Transcript — Seeking Alpha
• Negative Sentiment: Recruited assets plunged (~$17B; down ~55% YoY), and organic net new assets were modest ($21B), raising concerns about forward growth momentum for AUM-driven fees. This softness is a key driver of the intra-day decline. Quiver Quant — Asset Metrics & Price Reaction
• Negative Sentiment: Management lowered the estimated Commonwealth run?rate EBITDA (to ~$410M from $425M) and flagged higher Core G&A, which tempers margin upside and near-term cash flow expectations. LPL Financial Q1 Release — GlobeNewswire
• Negative Sentiment: Market reaction is amplified by visible insider selling activity reported in recent months (multiple insiders selling, few purchases), which can add to near-term selling pressure. Quiver Quant — Insider & Institutional Activity

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.