Research Analysts’ Recent Ratings Changes for LPL Financial (LPLA)

Several brokerages have updated their recommendations and price targets on shares of LPL Financial (NASDAQ: LPLA) in the last few weeks:

• 12/22/2025 – LPL Financial had its price target lowered by analysts at Morgan Stanley from $462.00 to $447.00. They now have an “overweight” rating on the stock.
• 12/12/2025 – LPL Financial had its price target raised by analysts at Barclays PLC from $420.00 to $453.00. They now have an “overweight” rating on the stock.
• 12/11/2025 – LPL Financial had its “neutral” rating reaffirmed by analysts at UBS Group AG. They now have a $406.00 price target on the stock.
• 12/11/2025 – LPL Financial had its “hold” rating reaffirmed by analysts at UBS Group AG. They now have a $406.00 price target on the stock.
• 11/3/2025 – LPL Financial had its price target raised by analysts at TD Cowen from $356.00 to $410.00. They now have a “hold” rating on the stock.
• 10/31/2025 – LPL Financial was given a new $475.00 price target on by analysts at JMP Securities.
• 10/31/2025 – LPL Financial had its “outperform” rating reaffirmed by analysts at Citigroup Inc..
• 10/31/2025 – LPL Financial had its price target raised by analysts at Barclays PLC from $411.00 to $420.00. They now have an “overweight” rating on the stock.
• 10/31/2025 – LPL Financial had its “buy” rating reaffirmed by analysts at The Goldman Sachs Group, Inc.. They now have a $421.00 price target on the stock.
• 10/31/2025 – LPL Financial had its price target raised by analysts at Citigroup Inc. from $375.00 to $380.00. They now have a “neutral” rating on the stock.
• 10/31/2025 – LPL Financial had its “hold (c)” rating reaffirmed by analysts at Weiss Ratings.
• 10/31/2025 – LPL Financial had its price target raised by analysts at Citizens Jmp from $455.00 to $475.00. They now have a “market outperform” rating on the stock.

LPL Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Thursday, November 13th were issued a $0.30 dividend. The ex-dividend date was Thursday, November 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.3%. LPL Financial’s dividend payout ratio (DPR) is currently 11.05%.

Insider Transactions at LPL Financial

In other LPL Financial news, CEO Richard Steinmeier sold 5,058 shares of LPL Financial stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $370.99, for a total value of $1,876,467.42. Following the transaction, the chief executive officer owned 9,326 shares in the company, valued at $3,459,852.74. The trade was a 35.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Greg Gates sold 1,500 shares of the business’s stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $376.43, for a total transaction of $564,645.00. Following the completion of the transaction, the director owned 15,370 shares of the company’s stock, valued at $5,785,729.10. This represents a 8.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 8,138 shares of company stock valued at $2,983,353. Corporate insiders own 0.70% of the company’s stock.

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.