LPL Financial (NASDAQ:LPLA) Stock Price Target Lowered at Truist Financial

Key Points

• Truist Financial lowered LPL Financial’s price target from $354 to $335 and maintained a “hold” rating, implying roughly 5.5% upside from the prior close. Despite this, analyst consensus remains “Moderate Buy,” with an average target of $407.19.
• LPL Financial reported quarterly EPS of $5.97, beating estimates of $5.69, while revenue rose 17.4% year over year to $5.34 billion, broadly matching expectations.
• Client assets and advisory assets continued to grow, but recruited assets declined 26% year over year to $24 billion. Insiders have also sold 5,867 shares worth approximately $2.1 million over the past 90 days.

LPL Financial (NASDAQ:LPLA - Get Free Report) had its price target cut by research analysts at Truist Financial from $354.00 to $335.00 in a report issued on Wednesday, Benzinga reports. The firm currently has a "hold" rating on the financial services provider's stock. Truist Financial's price target would suggest a potential upside of 5.49% from the stock's previous close.

Other research analysts also recently issued reports about the company. Weiss Ratings reissued a "hold (c)" rating on shares of LPL Financial in a report on Thursday, October 22nd. Bank of America dropped their price target on LPL Financial from $557.00 to $554.00 and set a "buy" rating for the company in a report on Monday, October 5th. Keefe, Bruyette & Woods raised their price target on LPL Financial from $365.00 to $390.00 and gave the company an "outperform" rating in a report on Friday, July 31st. The Goldman Sachs Group reiterated a "buy" rating and issued a $400.00 price objective on shares of LPL Financial in a research report on Wednesday. Finally, Morgan Stanley increased their target price on LPL Financial from $387.00 to $393.00 and gave the stock an "overweight" rating in a report on Friday, October 9th. Fourteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $407.19.

LPL Financial Stock Up 0.1%

Shares of LPL Financial stock opened at $317.56 on Wednesday. LPL Financial has a 12-month low of $260.15 and a 12-month high of $400.16. The stock has a market capitalization of $25.01 billion, a P/E ratio of 25.32 and a beta of 0.53. The company has a 50-day simple moving average of $335.24 and a 200 day simple moving average of $324.30.

LPL Financial (NASDAQ:LPLA - Get Free Report) last released its quarterly earnings results on Tuesday, October 27th. The financial services provider reported $5.97 EPS for the quarter, beating analysts' consensus estimates of $5.69 by $0.28. The firm had revenue of $5.34 billion during the quarter, compared to analyst estimates of $5.35 billion. LPL Financial's quarterly revenue was up 17.4% on a year-over-year basis. During the same quarter last year, the firm earned $5.20 earnings per share. On average, equities analysts anticipate that LPL Financial will post 23.83 earnings per share for the current year.

Insider Activity at LPL Financial

In other news, Director Matthew Enyedi sold 1,000 shares of LPL Financial stock in a transaction on Friday, July 31st. The stock was sold at an average price of $352.72, for a total value of $352,720.00. Following the completion of the sale, the director directly owned 13,121 shares of the company's stock, valued at approximately $4,628,039.12. This trade represents a 7.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Aneri Jambusaria sold 308 shares of the business'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 sale, the director owned 6,107 shares of the company's stock, valued at approximately $2,182,397.52. The trade was a 4.80% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 5,867 shares of company stock worth $2,079,664. 0.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On LPL Financial

Several hedge funds have recently added to or reduced their stakes in the company. North Dakota State Investment Board increased its position in LPL Financial by 3.5% in the third quarter. North Dakota State Investment Board now owns 2,452 shares of the financial services provider's stock worth $750,000 after purchasing an additional 83 shares during the period. Asset Management One Co. Ltd. lifted its position in LPL Financial by 1.1% during the 3rd quarter. Asset Management One Co. Ltd. now owns 30,498 shares of the financial services provider's stock valued at $9,326,000 after purchasing an additional 319 shares during the period. Segment Wealth Management LLC lifted its position in LPL Financial by 15.3% during the 3rd quarter. Segment Wealth Management LLC now owns 11,528 shares of the financial services provider's stock valued at $3,525,000 after purchasing an additional 1,533 shares during the period. Signaturefd LLC lifted its position in LPL Financial by 10.6% during the 3rd quarter. Signaturefd LLC now owns 1,422 shares of the financial services provider's stock valued at $435,000 after purchasing an additional 136 shares during the period. Finally, Citizens Financial Group Inc. RI bought a new position in shares of LPL Financial in the 3rd quarter valued at about $318,000. 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: Third-quarter earnings beat estimates: Adjusted EPS rose 15% year over year to $5.97, exceeding the $5.69 consensus estimate. Revenue increased 17.4% to $5.34 billion, broadly matching expectations. LPL Financial Beats Q3 Earnings Estimates
• Positive Sentiment: Client and advisory assets continued to grow: Total client assets rose 11% year over year to $2.6 trillion, while advisory assets increased 16% to $1.6 trillion. Organic net new assets totaled approximately $29 billion, representing about 5% annualized growth. LPL Financial Announces Third Quarter 2026 Results
• Positive Sentiment: Capital returns and analyst support provide positives: LPL repurchased approximately $301 million of stock, declared a $0.30 quarterly dividend, and has an average analyst price target of $409.69—well above the stock’s recent trading level. LPL Financial Average Price Target
• Neutral Sentiment: Commonwealth acquisition remains on schedule: LPL expects to complete the conversion in the fourth quarter of 2026, but updated expectations call for approximately 83% asset retention and $415 million of run-rate EBITDA. Execution could materially influence future growth. LPL Third Quarter Results
• Negative Sentiment: Some growth indicators softened: Recruited assets fell 26% from a year earlier to $24 billion, potentially raising concerns about advisor recruitment momentum. Several institutional investors also reduced positions, while reported insider transactions were exclusively sales. LPL Financial Q3 Revenue and Net Income

About LPL Financial

LPL Financial Holdings Inc is a financial services company that supports independent financial advisors and institutions across the United States. Through its primary subsidiary, LPL Financial LLC, the company provides brokerage, investment advisory, and custodial services, enabling advisors to serve individual investors, families, retirement plans, and other clients.

LPL's platform includes access to brokerage and advisory products, securities clearing and custody, trading and operations support, technology, compliance services, investment research, and practice-management resources.

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