LPL Financial Holdings Inc. $LPLA Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Key Points

• Mitsubishi UFJ Trust & Banking Corp reduced its stake in LPL Financial by 12.6% in Q4, selling 5,145 shares and leaving it with 35,746 shares worth about $12.77 million.
• LPL posted a Q1 beat (adjusted EPS $5.60 vs. $5.49 consensus; revenue $4.94B), saw advisory assets rise ~42% YoY to help total client assets reach $2.3T, and resumed capital returns with ~$125M in planned buybacks for Q2 plus a $0.30 quarterly dividend.
• Corporate insiders sold 8,569 shares (~$2.72M) in the last quarter while institutional investors own ~95.7% of the stock, a combination that could add near‑term selling pressure despite generally positive analyst coverage.

Mitsubishi UFJ Trust & Banking Corp cut its holdings in shares of LPL Financial Holdings Inc. (NASDAQ:LPLA - Free Report) by 12.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 35,746 shares of the financial services provider's stock after selling 5,145 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp's holdings in LPL Financial were worth $12,767,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of LPLA. Osterweis Capital Management Inc. purchased a new position in shares of LPL Financial during the 2nd quarter worth $26,000. SJS Investment Consulting Inc. grew its holdings in shares of LPL Financial by 912.5% during the 3rd quarter. SJS Investment Consulting Inc. now owns 81 shares of the financial services provider's stock worth $27,000 after purchasing an additional 73 shares during the period. Chung Wu Investment Group LLC purchased a new position in shares of LPL Financial during the 3rd quarter worth $27,000. Steigerwald Gordon & Koch Inc. grew its holdings in shares of LPL Financial by 550.0% during the 4th 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 period. Finally, Eastern Bank grew its holdings in shares of LPL Financial by 72.0% during the 3rd 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 period. 95.66% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about LPL Financial

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. UBS Group increased their price target on LPL Financial from $380.00 to $395.00 and gave the stock a "buy" rating in a report on Friday. Barclays increased their price target on LPL Financial from $369.00 to $412.00 and gave the stock an "overweight" rating in a report on Friday. TD Cowen lowered their price target on LPL Financial from $330.00 to $326.00 and set a "hold" rating for the company in a report on Friday. JPMorgan Chase & Co. lowered their price target on LPL Financial from $396.00 to $390.00 and set an "overweight" rating for the company in a report on Friday. Finally, Keefe, Bruyette & Woods initiated coverage on LPL Financial in a report on Wednesday, April 8th. They set an "outperform" rating and a $350.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, LPL Financial has a consensus rating of "Moderate Buy" and a consensus price target of $398.86.

Insider Buying and Selling at LPL Financial

In other LPL Financial news, Director Marc Eliot Cohen sold 1,088 shares of the stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $309.72, for a total value of $336,975.36. Following the sale, the director owned 4,400 shares of the company's stock, valued at $1,362,768. This trade represents a 19.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Matthew Enyedi sold 2,109 shares of the firm's stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $320.15, for a total value of $675,196.35. Following the sale, the director directly owned 14,121 shares in the company, valued at $4,520,838.15. This trade represents a 12.99% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 8,569 shares of company stock valued at $2,720,733 in the last quarter. Corporate insiders own 0.60% of the company's stock.

LPL Financial Stock Performance

Shares of LPL Financial stock opened at $318.63 on Friday. The business has a 50-day moving average of $308.70 and a 200 day moving average of $342.49. LPL Financial Holdings Inc. has a 12 month low of $281.51 and a 12 month high of $403.58. The stock has a market capitalization of $25.55 billion, a price-to-earnings ratio of 28.94, a price-to-earnings-growth ratio of 0.91 and a beta of 0.57. The company has a debt-to-equity ratio of 1.36, a current ratio of 2.45 and a quick ratio of 2.45.

LPL Financial (NASDAQ:LPLA - Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The financial services provider reported $5.60 earnings per share (EPS) 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 return on equity of 32.06% and a net margin of 4.93%.LPL Financial's revenue for the quarter was up 34.6% compared to the same quarter last year. During the same quarter last year, the company earned $5.15 EPS. As a group, sell-side analysts forecast that LPL Financial Holdings Inc. will post 23 earnings per share for the current year.

LPL Financial Dividend Announcement

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

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.

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