Bank of New York Mellon Corp Reduces Holdings in LPL Financial Holdings Inc. $LPLA

Bank of New York Mellon Corp reduced its holdings in shares of LPL Financial Holdings Inc. (NASDAQ:LPLA) by 6.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 452,474 shares of the financial services provider’s stock after selling 32,988 shares during the period. Bank of New York Mellon Corp owned about 0.57% of LPL Financial worth $150,534,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Osterweis Capital Management Inc. purchased a new stake in shares of LPL Financial in the 2nd quarter worth $26,000. SBI Securities Co. Ltd. grew its holdings in LPL Financial by 116.2% during the second quarter. SBI Securities Co. Ltd. now owns 80 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 43 shares during the period. SJS Investment Consulting Inc. increased its position in LPL Financial by 912.5% in the third quarter. SJS Investment Consulting Inc. now owns 81 shares of the financial services provider’s stock worth $27,000 after buying an additional 73 shares in the last quarter. Eastern Bank raised 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 buying an additional 36 shares during the period. Finally, Bayforest Capital Ltd purchased a new position in shares of LPL Financial during the 2nd quarter valued at about $34,000. Hedge funds and other institutional investors own 95.66% of the company’s stock.

LPL Financial Stock Performance

NASDAQ LPLA opened at $364.50 on Friday. The company has a debt-to-equity ratio of 1.49, a current ratio of 2.60 and a quick ratio of 2.60. LPL Financial Holdings Inc. has a 1-year low of $262.83 and a 1-year high of $403.58. The business has a 50 day simple moving average of $366.24 and a two-hundred day simple moving average of $358.30. The stock has a market capitalization of $29.17 billion, a PE ratio of 33.11, a P/E/G ratio of 0.78 and a beta of 0.57.

LPL Financial (NASDAQ:LPLA) last posted its earnings results on Thursday, January 29th. The financial services provider reported $5.23 EPS for the quarter, beating analysts’ consensus estimates of $4.82 by $0.41. LPL Financial had a return on equity of 35.99% and a net margin of 5.08%.The firm had revenue of $4.93 billion during the quarter, compared to the consensus estimate of $4.90 billion. During the same period in the prior year, the company earned $4.25 EPS. The company’s quarterly revenue was up 8.4% compared to the same quarter last year. On average, research analysts predict that LPL Financial Holdings Inc. will post 19.35 EPS for the current fiscal year.

LPL Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 24th. Shareholders of record on Tuesday, March 10th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Tuesday, March 10th. LPL Financial’s dividend payout ratio (DPR) is presently 11.05%.

Insider Transactions at LPL Financial

In other LPL Financial news, CEO Richard Steinmeier sold 5,058 shares of the company’s stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $370.99, for a total transaction of $1,876,467.42. Following the sale, the chief executive officer directly owned 9,326 shares in the company, valued at $3,459,852.74. This represents a 35.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Aneri Jambusaria sold 80 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $352.48, for a total value of $28,198.40. Following the completion of the sale, the director directly owned 5,502 shares of the company’s stock, valued at $1,939,344.96. The trade was a 1.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 7,388 shares of company stock worth $2,747,538 in the last three months. Insiders own 1.30% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on LPLA shares. Citizens Jmp increased their target price on shares of LPL Financial from $455.00 to $475.00 and gave the stock a “market outperform” rating in a report on Friday, October 31st. JPMorgan Chase & Co. increased their price objective on shares of LPL Financial from $433.00 to $439.00 and gave the stock an “overweight” rating in a research note on Friday. UBS Group restated a “neutral” rating and set a $406.00 target price on shares of LPL Financial in a research note on Thursday, December 11th. TD Cowen cut their price target on LPL Financial from $399.00 to $378.00 and set a “hold” rating for the company in a research note on Friday. Finally, Barclays decreased their price target on LPL Financial from $444.00 to $434.00 and set an “overweight” rating on the stock in a report on Friday. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $427.69.

LPL Financial News Roundup

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

• Positive Sentiment: Analysts at Jefferies raised their price target to $440 and reiterated a Buy rating, signaling ~21% upside vs. the current price — a near-term catalyst for demand. Jefferies Raises Target
• Positive Sentiment: JPMorgan boosted its target to $439 and kept an Overweight rating, another institutional endorsement supporting the rally. JPMorgan Raises Target
• Positive Sentiment: Q4 results beat consensus: adjusted EPS $5.23 (vs. $4.82 est.) and revenue $4.93B (vs. $4.90B). LPL reported record total advisory & brokerage assets (~$2.4T) and declared a $0.30 quarterly dividend — fundamentals that support valuations and analyst optimism. Q4 Results
• Neutral Sentiment: Management commentary and the Q4 call/transcript emphasize integration progress (Commonwealth, Atria) and recruiting priorities — constructive long-term but worth watching for execution and retention metrics. Earnings Deep Dive
• Negative Sentiment: Street caution on 2026 expense outlook: LPL guided materially higher Core G&A when including Commonwealth integration costs (2026 core G&A including Commonwealth: $2,155–2,210M). That guidance and large acquisition-related costs prompted investor concern and was cited as a reason for share weakness right after the print. Expense Outlook Weighs
• Negative Sentiment: TD Cowen trimmed its target to $378 and moved to a Hold — a sign some analysts are less comfortable with near-term margin/expense risk despite the beat. TD Cowen Lowers Target
• Negative Sentiment: Post-earnings coverage highlights that rising expenses and acquisition/integration costs overshadowed the top-line beat for some investors, creating short-term volatility risk. Costs Rise Despite Beat

LPL Financial Company Profile

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.