Danske Bank A S Sells 7,099 Shares of LPL Financial Holdings Inc. $LPLA

Key Points

• Danske Bank trimmed its stake in LPL by 5.4%, selling 7,099 shares and leaving it with 124,333 shares worth about $44.4 million; institutional investors now own roughly 95.66% of the stock.
• Company insiders have been net sellers recently—directors Matthew Enyedi and Marc Eliot Cohen sold blocks (2,109 and 1,088 shares respectively), and insiders sold a total of 8,569 shares worth $2.72M over the last three months, which may add near‑term selling pressure.
• LPL posted mixed Q1 results: EPS beat at $5.60 (vs. $5.49 est.) while revenue was slightly below consensus at $4.94B, advisory assets jumped ~42% YoY and the firm resumed buybacks (~$125M planned) and declared a $0.30 quarterly dividend, but recruited assets plunged ~$17B and management trimmed Commonwealth EBITDA guidance and flagged higher G&A.

Danske Bank A S lowered its position in LPL Financial Holdings Inc. (NASDAQ:LPLA - Free Report) by 5.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 124,333 shares of the financial services provider's stock after selling 7,099 shares during the quarter. Danske Bank A S owned 0.16% of LPL Financial worth $44,408,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in LPLA. Stratos Investment Management LLC increased its position in LPL Financial by 4.2% in the 3rd quarter. Stratos Investment Management LLC now owns 715 shares of the financial services provider's stock valued at $238,000 after acquiring an additional 29 shares during the period. Frank Rimerman Advisors LLC raised its stake in shares of LPL Financial by 4.1% during the fourth quarter. Frank Rimerman Advisors LLC now owns 785 shares of the financial services provider's stock valued at $280,000 after acquiring an additional 31 shares during the last quarter. PUREfi Wealth LLC lifted its holdings in shares of LPL Financial by 4.7% during the third quarter. PUREfi Wealth LLC now owns 732 shares of the financial services provider's stock worth $244,000 after purchasing an additional 33 shares during the period. Natural Investments LLC grew its stake in shares of LPL Financial by 4.8% in the fourth quarter. Natural Investments LLC now owns 727 shares of the financial services provider's stock worth $259,000 after purchasing an additional 33 shares during the last quarter. Finally, Eastern Bank grew its stake 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 purchasing an additional 36 shares during the last quarter. 95.66% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other LPL Financial news, Director Matthew Enyedi sold 2,109 shares of the business's stock in a transaction that occurred on Thursday, February 26th. The stock was 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 of the company's stock, valued at approximately $4,520,838.15. The trade was a 12.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Marc Eliot Cohen sold 1,088 shares of the stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $309.72, for a total value of $336,975.36. Following the transaction, the director 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 disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 8,569 shares of company stock worth $2,720,733. 0.60% of the stock is owned by corporate insiders.

LPL Financial Price Performance

LPLA stock opened at $318.63 on Friday. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 1.36. The firm has a market cap of $25.55 billion, a price-to-earnings ratio of 28.94, a PEG ratio of 0.91 and a beta of 0.57. The company's fifty day simple moving average is $308.70 and its 200 day simple moving average is $342.49. LPL Financial Holdings Inc. has a 12-month low of $281.51 and a 12-month high of $403.58.

LPL Financial (NASDAQ:LPLA - Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The financial services provider reported $5.60 earnings per share for the quarter, topping analysts' consensus estimates of $5.49 by $0.11. LPL Financial had a return on equity of 32.06% and a net margin of 4.93%.The firm had revenue of $4.94 billion during the quarter, compared to the consensus estimate of $4.98 billion. During the same period last year, the business posted $5.15 EPS. The business's revenue was up 34.6% compared to the same quarter last year. On average, analysts expect that LPL Financial Holdings Inc. will post 23 earnings per share for the current year.

LPL Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Thursday, May 21st will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, May 21st. This represents a $1.20 annualized dividend and a yield of 0.4%. LPL Financial's dividend payout ratio (DPR) is currently 10.90%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on LPLA shares. Keefe, Bruyette & Woods started coverage on LPL Financial in a research report on Wednesday, April 8th. They set an "outperform" rating and a $350.00 target price for the company. Wolfe Research set a $478.00 price target on LPL Financial in a research report on Friday, January 30th. Citigroup reissued a "market outperform" rating on shares of LPL Financial in a research note on Tuesday, February 3rd. TD Cowen lowered their price objective on LPL Financial from $330.00 to $326.00 and set a "hold" rating for the company in a research report on Friday. Finally, UBS Group upped their target price on LPL Financial from $380.00 to $395.00 and gave the company a "buy" rating in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $398.86.

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

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.

Want to see what other hedge funds are holding LPLA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for LPL Financial Holdings Inc. (NASDAQ:LPLA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.