LPL Financial (NASDAQ:LPLA) Price Target Raised to $428.00 at JPMorgan Chase & Co.

LPL Financial (NASDAQ:LPLA) had its target price hoisted by JPMorgan Chase & Co. from $408.00 to $428.00 in a research note published on Friday morning,Benzinga reports. The firm currently has an overweight rating on the financial services provider’s stock.

A number of other brokerages have also recently issued reports on LPLA. Morgan Stanley upped their price objective on shares of LPL Financial from $374.00 to $387.00 and gave the company an “overweight” rating in a research note on Friday, July 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of LPL Financial in a research report on Friday, July 24th. Keefe, Bruyette & Woods boosted their price target on shares of LPL Financial from $365.00 to $390.00 and gave the stock an “outperform” rating in a research note on Friday. Jefferies Financial Group decreased their price objective on LPL Financial from $464.00 to $383.00 and set a “buy” rating on the stock in a report on Monday, April 6th. Finally, Citizens Jmp reissued a “market outperform” rating and issued a $500.00 target price on shares of LPL Financial in a research note on Monday, April 6th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $406.62.

LPL Financial Stock Performance

Shares of NASDAQ LPLA opened at $353.70 on Friday. The stock has a market cap of $28.29 billion, a price-to-earnings ratio of 28.21, a P/E/G ratio of 0.66 and a beta of 0.50. The company has a current ratio of 2.56, a quick ratio of 2.56 and a debt-to-equity ratio of 1.26. LPL Financial has a 1-year low of $260.15 and a 1-year high of $403.58. The stock’s 50-day moving average is $301.76 and its 200 day moving average is $316.27.

LPL Financial (NASDAQ:LPLA) last released its earnings results on Thursday, July 30th. The financial services provider reported $5.84 earnings per share for the quarter, topping analysts’ consensus estimates of $5.39 by $0.45. The company had revenue of $5.19 billion during the quarter, compared to the consensus estimate of $5.04 billion. LPL Financial had a return on equity of 32.80% and a net margin of 5.13%.LPL Financial’s quarterly revenue was up 35.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.51 EPS. On average, sell-side analysts anticipate that LPL Financial will post 23.38 EPS for the current fiscal year.

LPL Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Friday, August 14th. LPL Financial’s dividend payout ratio is currently 9.57%.

Insiders Place Their Bets

In other LPL Financial news, Director Aneri Jambusaria sold 308 shares of the stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $306.00, for a total transaction of $94,248.00. Following the completion of the sale, the director owned 6,415 shares of the company’s stock, valued at $1,962,990. This represents a 4.58% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.60% of the stock is owned by insiders.

Hedge Funds Weigh In On LPL Financial

A number of hedge funds have recently modified their holdings of LPLA. Osterweis Capital Management Inc. bought a new position in shares of LPL Financial during the second quarter valued at about $26,000. Clearstead Advisors LLC grew its stake in shares of LPL Financial by 3,650.0% in the fourth quarter. Clearstead Advisors LLC now owns 75 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 73 shares during the last quarter. Steigerwald Gordon & Koch Inc. grew its stake in shares of LPL Financial by 550.0% in the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 78 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 66 shares during the last quarter. Core Wealth Advisors LLC purchased a new position in LPL Financial during the 4th quarter valued at about $36,000. Finally, Physician Wealth Advisors Inc. raised its position in LPL Financial by 580.0% during the 1st quarter. Physician Wealth Advisors Inc. now owns 136 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 116 shares during the last quarter. Hedge funds and other institutional investors own 95.66% of the company’s stock.

Key Stories Impacting LPL Financial

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

• Positive Sentiment: Q2 earnings and revenue exceeded expectations. Adjusted EPS rose 29% year over year to $5.84, ahead of the $5.39 consensus, while revenue climbed 35.2% to $5.19 billion versus the $5.04 billion estimate. Net income reached $379 million, or $4.74 per diluted share. LPL Financial Q2 earnings and revenues beat estimates
• Positive Sentiment: Asset growth and recruiting momentum remained strong. Total client assets rose 34% year over year to $2.6 trillion, advisory assets increased 46% to $1.5 trillion, and organic net new assets totaled $23 billion. Recruited assets grew 35% to $25 billion, while management described the recruiting pipeline as a record and reported 97% asset retention. Why LPL Financial stock is up today
• Positive Sentiment: Capital returns and analyst support improved. LPL resumed repurchases, buying back $309 million of stock in Q2 and planning approximately $300 million in Q3; its board also increased authorization by $2.5 billion. JPMorgan raised its target to $428 and KBW increased its target to $390, with both firms maintaining bullish ratings.
• Positive Sentiment: Commonwealth integration expectations improved. The Q4 2026 onboarding remains on track, expected asset retention is approximately 90%, and estimated run-rate EBITDA contribution increased from $410 million to $435 million. LPL shares and Commonwealth update
• Neutral Sentiment: LPL declared a quarterly dividend of $0.30 per share, payable August 28 to shareholders of record August 14.
• Negative Sentiment: Higher operating expenses remain a partial offset: core G&A increased 22% year over year to $519 million. In addition, reported data showed 18 insider sales and no insider purchases during the past six months, a potential sentiment headwind.

LPL Financial Company Profile

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.