LPL Financial (NASDAQ:LPLA) Price Target Cut to $390.00 by Analysts at JPMorgan Chase & Co.

Key Points

• JPMorgan cut its price target on LPL to $390 from $396 but kept an "overweight" rating, implying roughly a 20.8% upside from the stock's current level.
• Q1 results beat expectations (EPS $5.60 vs. $5.49; revenue +34.6% YoY) and the company resumed capital returns with about $125M of buybacks and a $0.30 quarterly dividend.
• Despite the beat, weakness in flows—recruited assets fell ~55% YoY—along with margin/expense pressures and insider selling have pressured the shares, which traded down to $322.88 midday.

LPL Financial (NASDAQ:LPLA - Get Free Report) had its price target lowered by JPMorgan Chase & Co. from $396.00 to $390.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has an "overweight" rating on the financial services provider's stock. JPMorgan Chase & Co.'s price objective would indicate a potential upside of 20.79% from the company's current price.

LPLA has been the subject of a number of other research reports. Morgan Stanley reduced their target price on LPL Financial from $447.00 to $374.00 and set an "overweight" rating for the company in a report on Friday, April 10th. Jefferies Financial Group reduced their price objective on shares of LPL Financial from $464.00 to $383.00 and set a "buy" rating for the company in a research note on Monday, April 6th. UBS Group upgraded shares of LPL Financial from a "neutral" rating to a "buy" rating and lowered their target price for the stock from $406.00 to $380.00 in a research report on Wednesday, April 8th. Keefe, Bruyette & Woods started coverage on shares of LPL Financial in a research report on Wednesday, April 8th. They set an "outperform" rating and a $350.00 price target for the company. Finally, Citigroup reissued a "market outperform" rating on shares of LPL Financial in a research note on Tuesday, February 3rd. One investment 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $401.50.

LPL Financial Stock Performance

Shares of NASDAQ LPLA traded down $11.25 during mid-day trading on Friday, hitting $322.88. 896,649 shares of the company were exchanged, compared to its average volume of 936,431. The stock has a 50 day simple moving average of $308.70 and a 200-day simple moving average of $342.49. LPL Financial has a 1-year low of $281.51 and a 1-year high of $403.58. 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 $25.89 billion, a price-to-earnings ratio of 29.35, a price-to-earnings-growth ratio of 0.91 and a beta of 0.56.

LPL Financial (NASDAQ:LPLA - Get Free Report) last released its earnings results on Thursday, April 30th. The financial services provider reported $5.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.49 by $0.11. The company had revenue of $4.94 billion for the quarter, compared to analysts' expectations of $4.51 billion. LPL Financial had a return on equity of 34.19% and a net margin of 5.08%.The firm's quarterly revenue was up 34.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $5.15 EPS. On average, sell-side analysts forecast that LPL Financial will post 23 EPS for the current fiscal year.

Insider Buying and Selling at LPL Financial

In related news, Director Marc Eliot Cohen sold 1,088 shares of LPL Financial stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $309.72, for a total transaction of $336,975.36. Following the completion of the transaction, the director directly owned 4,400 shares in the company, valued at $1,362,768. The trade was a 19.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Matthew J. Audette sold 1,110 shares of the company's stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $330.01, for a total value of $366,311.10. Following the completion of the sale, the chief financial officer directly owned 19,803 shares in the company, valued at approximately $6,535,188.03. The trade was a 5.31% 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. Insiders have sold 8,569 shares of company stock valued at $2,720,733 over the last quarter. Corporate insiders own 0.60% of the company's stock.

Hedge Funds Weigh In On LPL Financial

A number of institutional investors have recently made changes to their positions in the stock. Whipplewood Advisors LLC increased its position in LPL Financial by 1,260.0% during the 1st quarter. Whipplewood Advisors LLC now owns 204 shares of the financial services provider's stock worth $61,000 after purchasing an additional 189 shares in the last quarter. Resona Asset Management Co. Ltd. lifted its holdings in LPL Financial by 2.1% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 24,326 shares of the financial services provider's stock valued at $7,316,000 after purchasing an additional 497 shares in the last quarter. Munich Reinsurance Co Stock Corp in Munich lifted its holdings in LPL Financial by 11.6% in the 1st quarter. Munich Reinsurance Co Stock Corp in Munich now owns 37,605 shares of the financial services provider's stock valued at $11,313,000 after purchasing an additional 3,923 shares in the last quarter. Personal CFO Solutions LLC boosted its stake in shares of LPL Financial by 20.7% during the 1st quarter. Personal CFO Solutions LLC now owns 809 shares of the financial services provider's stock worth $243,000 after purchasing an additional 139 shares during the last quarter. Finally, United Asset Strategies Inc. boosted its stake in shares of LPL Financial by 4.3% during the 1st quarter. United Asset Strategies Inc. now owns 13,767 shares of the financial services provider's stock worth $4,142,000 after purchasing an additional 564 shares during the last quarter. 95.66% of the stock is owned by institutional investors and hedge funds.

More LPL Financial News

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

• Positive Sentiment: Q1 results beat consensus — adjusted EPS $5.60 vs. $5.49 estimate and revenue rose ~35% year‑over‑year, driven by higher advisory revenue and strong gross profit growth. This supports earnings momentum. Read More.
• Positive Sentiment: Capital returns resumed — LPL plans ~ $125M of share repurchases in Q2 and declared a quarterly dividend ($0.30/share), which are shareholder-friendly actions. Read More.
• Neutral Sentiment: Analyst stance remains constructive overall — multiple firms maintain buy/overweight ratings and the median price target sits near $380, giving longer-term upside if growth normalizes. Read More.
• Neutral Sentiment: Full earnings and call transcripts are available for investor due diligence; management reiterated M&A plans (Commonwealth conversion, Mariner transaction) and updated operational details. Read More.
• Negative Sentiment: Recruited assets fell sharply — recruited assets were $17B, down ~55% YoY, and organic net new assets were $21B; total client assets were $2.3T but were pressured by weaker equity markets. These weaker asset trends raise concerns about near‑term growth for a wealth manager. Read More.
• Negative Sentiment: Margin and expense headwinds — Core G&A rose ~29% YoY and management trimmed the upper end of its 2026 Core G&A outlook; Commonwealth's estimated run‑rate EBITDA was cut to ~$410M, a downgrade that clouds the deal's near-term earnings contribution. Read More.
• Negative Sentiment: Insider selling — public filings show frequent insider sales (multiple executives selling shares in recent months), which some investors view as a negative signal. Read More.

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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