LPL Financial (NASDAQ:LPLA) Stock Rating Reaffirmed as “Market Outperform” by Citizens Jmp

07 Oct 2026, 05:36 by Danessa Lincoln · The Markets Daily

LPL Financial (NASDAQ:LPLA – Get Free Report)‘s stock had its “market outperform” rating reissued by analysts at Citizens Jmp in a research report issued on Monday, Benzinga reports. They currently have a $500.00 target price on the financial services provider’s stock. Citizens Jmp’s target price would indicate a potential upside of 50.43% from the stock’s previous close.

Several other equities research analysts have also issued reports on the stock. Morgan Stanley raised their target price on shares of LPL Financial from $374.00 to $387.00 and gave the stock an “overweight” rating in a report on Friday, July 10th. Weiss Ratings reissued a “hold (c)” rating on shares of LPL Financial in a research report on Friday, July 24th. Wolfe Research reissued an “outperform” rating and issued a $454.00 price objective on shares of LPL Financial in a research note on Wednesday, August 12th. Citigroup restated a “market outperform” rating on shares of LPL Financial in a research report on Monday. Finally, UBS Group cut their target price on LPL Financial from $395.00 to $391.00 and set a “buy” rating on the stock in a research note on Wednesday, July 8th. Fourteen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $409.81.

Read Our Latest Report on LPLA

LPL Financial Stock Performance

NASDAQ LPLA opened at $332.39 on Monday. The business’s 50 day moving average price is $346.85 and its 200-day moving average price is $318.52. LPL Financial has a fifty-two week low of $260.15 and a fifty-two week high of $400.16. The company has a market cap of $26.17 billion, a P/E ratio of 26.51, a P/E/G ratio of 0.55 and a beta of 0.53. The company has a debt-to-equity ratio of 1.30, a quick ratio of 2.39 and a current ratio of 2.39.

LPL Financial (NASDAQ:LPLA – Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The financial services provider reported $5.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.39 by $0.45. LPL Financial had a return on equity of 32.20% and a net margin of 5.13%.The company had revenue of $5.19 billion during the quarter, compared to the consensus estimate of $5.04 billion. During the same period last year, the company earned $4.51 earnings per share. LPL Financial’s revenue was up 35.2% on a year-over-year basis. Sell-side analysts predict that LPL Financial will post 24.24 earnings per share for the current year.

Insider Activity at LPL Financial

In related news, Director Greg Gates sold 4,119 shares of LPL Financial stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $355.38, for a total transaction of $1,463,810.22. Following the completion of the sale, the director owned 23,602 shares in the company, valued at $8,387,678.76. This trade represents a 14.86% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Katharine Reeping sold 440 shares of the business’s stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $347.88, for a total transaction of $153,067.20. Following the completion of the sale, the insider directly owned 1,774 shares of the company’s stock, valued at approximately $617,139.12. This trade represents a 19.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 5,867 shares of company stock worth $2,079,664. 0.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On LPL Financial

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Physician Wealth Advisors Inc. increased its stake in shares of LPL Financial by 580.0% during the first quarter. Physician Wealth Advisors Inc. now owns 136 shares of the financial services provider’s stock valued at $41,000 after buying an additional 116 shares during the period. Pinpoint Asset Management Singapore Pte. Ltd. bought a new stake in shares of LPL Financial in the 4th quarter valued at about $50,000. Reflection Asset Management bought a new position in shares of LPL Financial during the fourth quarter valued at approximately $50,000. Versant Capital Management Inc increased its holdings in LPL Financial by 79.0% during the second quarter. Versant Capital Management Inc now owns 188 shares of the financial services provider’s stock valued at $53,000 after buying an additional 83 shares during the period. Finally, Abound Financial LLC lifted its holdings in LPL Financial by 9,550.0% during the first quarter. Abound Financial LLC now owns 193 shares of the financial services provider’s stock worth $58,000 after buying an additional 191 shares during the period. 95.66% of the stock is owned by institutional investors.

Trending Headlines about LPL Financial

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

Positive Sentiment: LPL’s August operating metrics pointed to improving growth: total client assets reached approximately $2.60 trillion, while organic net new assets rose to $13.5 billion, representing a 6.4% annualized growth rate versus 3.5% in July. These figures suggest stronger recruiting, retention and fee-earning asset growth. LPL Financial Holdings climbs as investors react to strong asset-gathering trends and a fresh bullish analyst initiation
Positive Sentiment: LPL welcomed Praxis Financial Partners from Wells Fargo Advisors Financial Network. The advisory team reportedly brings approximately $1.1 billion in advisory, brokerage and retirement-plan assets, supporting LPL’s recruiting strategy and future revenue potential. LPL Financial Welcomes Praxis Financial Partners
Positive Sentiment: Citizens JMP reaffirmed its “Market Outperform” rating and assigned a $500 price target, while Wells Fargo recently initiated coverage with an Overweight rating and a $362 target. The endorsements reinforce a broadly constructive Wall Street view.
Neutral Sentiment: LPL will release third-quarter 2026 results after the market closes on October 27 and hold a conference call at 5 p.m. ET. The announcement itself does not change fundamentals but gives investors a near-term catalyst to assess asset flows, recruiting and earnings. LPL Financial Announces Third Quarter 2026 Earnings Release Date and Conference Call
Negative Sentiment: BMO Capital Markets lowered its price target from $390 to $370, although it maintained an “Outperform” rating. The reduction signals more cautious valuation expectations and could limit upside sentiment.
Negative Sentiment: Reported insider activity has consisted of selling rather than buying over the past six months, including sales by senior executives. While not necessarily fundamental, the pattern may weigh modestly on investor confidence.

About LPL Financial

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LPL Financial Holdings Inc is a financial services company that provides brokerage and investment advisory services through a network of independent financial advisors. Operating primarily in the United States, the company supports advisors who serve individuals, families, businesses and retirement plan participants.