Kornitzer Capital Management Inc. KS Takes Position in LPL Financial Holdings Inc. $LPLA

Kornitzer Capital Management Inc. KS acquired a new stake in shares of LPL Financial Holdings Inc. (NASDAQ:LPLA) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 13,500 shares of the financial services provider’s stock, valued at approximately $4,822,000.

Several other institutional investors also recently made changes to their positions in LPLA. Osterweis Capital Management Inc. purchased a new stake in shares of LPL Financial during the 2nd quarter valued at $26,000. SJS Investment Consulting Inc. increased its position in shares of LPL Financial by 912.5% in the third quarter. SJS Investment Consulting Inc. now owns 81 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 73 shares in the last quarter. Chung Wu Investment Group LLC acquired a new stake in shares of LPL Financial in the third quarter worth $27,000. Steigerwald Gordon & Koch Inc. increased its position 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 acquiring an additional 66 shares in the last quarter. Finally, Eastern Bank increased its position in shares of LPL Financial by 72.0% in the third quarter. Eastern Bank now owns 86 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 36 shares in the last quarter. 95.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on LPLA shares. Wolfe Research set a $478.00 price objective on shares of LPL Financial in a research report on Friday, January 30th. Citigroup reissued a “market outperform” rating on shares of LPL Financial in a research report on Tuesday, February 3rd. Citizens Jmp reissued a “market outperform” rating and issued a $500.00 price objective on shares of LPL Financial in a research report on Monday, April 6th. UBS Group increased their price objective on shares of LPL Financial from $380.00 to $395.00 and gave the stock a “buy” rating in a research report on Friday. Finally, JPMorgan Chase & Co. dropped their price objective on shares of LPL Financial from $396.00 to $390.00 and set an “overweight” rating for the company in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $398.86.

LPL Financial Price Performance

LPLA opened at $318.63 on Friday. The company has a fifty day simple moving average of $308.70 and a 200 day simple moving average of $342.67. The firm has a market cap of $25.55 billion, a price-to-earnings ratio of 28.45, a PEG ratio of 0.87 and a beta of 0.57. LPL Financial Holdings Inc. has a twelve month low of $281.51 and a twelve month high of $403.58. 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 (NASDAQ:LPLA) last announced its quarterly earnings data 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 company had revenue of $4.94 billion during 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 for the quarter was up 34.6% compared to the same quarter last year. During the same period last year, the business earned $5.15 EPS. Equities research analysts expect that LPL Financial Holdings Inc. will post 23.02 EPS for the current fiscal year.

LPL Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Thursday, May 21st will be given a $0.30 dividend. 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 dividend payout ratio (DPR) is presently 10.90%.

Key LPL Financial News

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

Insider Transactions at LPL Financial

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

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.