LPL Financial Holdings Inc. $LPLA Stake Reduced by California State Teachers Retirement System

California State Teachers Retirement System trimmed its holdings in LPL Financial Holdings Inc. (NASDAQ:LPLA) by 1.9% in the first quarter, Holdings Channel.com reports. The fund owned 117,376 shares of the financial services provider’s stock after selling 2,275 shares during the period. California State Teachers Retirement System’s holdings in LPL Financial were worth $35,310,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in LPLA. Osterweis Capital Management Inc. acquired a new position in shares of LPL Financial in the 2nd quarter worth approximately $26,000. Clearstead Advisors LLC lifted its stake in LPL Financial by 3,650.0% during the fourth quarter. Clearstead Advisors LLC now owns 75 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 73 shares during the last quarter. Steigerwald Gordon & Koch Inc. lifted its stake in LPL Financial by 550.0% during the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 78 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 66 shares during the last quarter. Core Wealth Advisors LLC bought a new stake in LPL Financial during the fourth quarter worth approximately $36,000. Finally, Physician Wealth Advisors Inc. boosted its holdings in LPL Financial by 580.0% during the first quarter. Physician Wealth Advisors Inc. now owns 136 shares of the financial services provider’s stock worth $41,000 after buying an additional 116 shares in the last quarter. Institutional investors own 95.66% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on LPLA shares. Barclays upped their price target on LPL Financial from $394.00 to $401.00 and gave the company an “overweight” rating in a report on Friday. Citizens Jmp restated a “market outperform” rating and issued a $500.00 target price on shares of LPL Financial in a report on Monday, April 6th. Jefferies Financial Group reduced their target price on LPL Financial from $464.00 to $383.00 and set a “buy” rating for the company in a report on Monday, April 6th. TD Cowen increased their price target on LPL Financial from $330.00 to $372.00 and gave the company a “hold” rating in a research report on Friday. Finally, Keefe, Bruyette & Woods lifted their price target on LPL Financial from $365.00 to $390.00 and gave the stock an “outperform” rating in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, LPL Financial presently has a consensus rating of “Moderate Buy” and a consensus target price of $406.62.

Insiders Place Their Bets

In related news, Director Aneri Jambusaria sold 308 shares of the stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $306.00, for a total value of $94,248.00. Following the completion of the sale, the director directly owned 6,415 shares of the company’s stock, valued at approximately $1,962,990. This represents a 4.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.60% of the company’s stock.

LPL Financial Trading Up 4.3%

NASDAQ LPLA opened at $353.70 on Friday. LPL Financial Holdings Inc. has a twelve month low of $260.15 and a twelve month high of $403.58. The company has a debt-to-equity ratio of 1.26, a quick ratio of 2.56 and a current ratio of 2.56. The stock has a market cap of $28.29 billion, a price-to-earnings ratio of 28.21, a PEG ratio of 0.66 and a beta of 0.50. The firm’s 50 day moving average price is $301.76 and its two-hundred day moving average price is $316.27.

LPL Financial (NASDAQ:LPLA) last announced its earnings results on Thursday, July 30th. The financial services provider reported $5.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.39 by $0.45. The company had revenue of $5.19 billion for the quarter, compared to the consensus estimate of $5.04 billion. LPL Financial had a net margin of 5.13% and a return on equity of 32.80%. The company’s revenue was up 35.2% on a year-over-year basis. During the same period in the previous year, the business earned $4.51 EPS. Equities analysts anticipate that LPL Financial Holdings Inc. will post 23.38 EPS for the current year.

LPL Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Friday, August 14th. LPL Financial’s payout ratio is presently 9.57%.

Key Headlines Impacting LPL Financial

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

• Positive Sentiment: Q2 earnings and revenue exceeded expectations. Adjusted EPS rose 29% year over year to $5.84, ahead of the $5.39 consensus, while revenue climbed 35.2% to $5.19 billion versus the $5.04 billion estimate. Net income reached $379 million, or $4.74 per diluted share. LPL Financial Q2 earnings and revenues beat estimates
• Positive Sentiment: Asset growth and recruiting momentum remained strong. Total client assets rose 34% year over year to $2.6 trillion, advisory assets increased 46% to $1.5 trillion, and organic net new assets totaled $23 billion. Recruited assets grew 35% to $25 billion, while management described the recruiting pipeline as a record and reported 97% asset retention. Why LPL Financial stock is up today
• Positive Sentiment: Capital returns and analyst support improved. LPL resumed repurchases, buying back $309 million of stock in Q2 and planning approximately $300 million in Q3; its board also increased authorization by $2.5 billion. JPMorgan raised its target to $428 and KBW increased its target to $390, with both firms maintaining bullish ratings.
• Positive Sentiment: Commonwealth integration expectations improved. The Q4 2026 onboarding remains on track, expected asset retention is approximately 90%, and estimated run-rate EBITDA contribution increased from $410 million to $435 million. LPL shares and Commonwealth update
• Neutral Sentiment: LPL declared a quarterly dividend of $0.30 per share, payable August 28 to shareholders of record August 14.
• Negative Sentiment: Higher operating expenses remain a partial offset: core G&A increased 22% year over year to $519 million. In addition, reported data showed 18 insider sales and no insider purchases during the past six months, a potential sentiment headwind.

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.