Sumitomo Mitsui Trust Group Inc. Cuts Position in LPL Financial Holdings Inc. $LPLA

Sumitomo Mitsui Trust Group Inc. decreased its stake in LPL Financial Holdings Inc. (NASDAQ:LPLA) by 5.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 167,528 shares of the financial services provider’s stock after selling 8,956 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in LPL Financial were worth $50,397,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Osterweis Capital Management Inc. purchased a new position in LPL Financial in the second quarter valued at about $26,000. Clearstead Advisors LLC boosted its stake in shares of LPL Financial by 3,650.0% during the 4th quarter. Clearstead Advisors LLC now owns 75 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 73 shares in the last quarter. Steigerwald Gordon & Koch Inc. boosted its stake in shares of LPL Financial by 550.0% during the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 78 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 66 shares in the last quarter. Core Wealth Advisors LLC acquired a new stake in shares of LPL Financial in the 4th quarter worth approximately $36,000. Finally, Physician Wealth Advisors Inc. raised its stake in shares of LPL Financial by 580.0% during the 1st 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 during the last quarter. Hedge funds and other institutional investors own 95.66% of the company’s stock.

LPL Financial Stock Performance

NASDAQ LPLA opened at $317.03 on Monday. The business’s 50-day moving average price is $292.86 and its 200 day moving average price is $319.60. LPL Financial Holdings Inc. has a twelve month low of $260.15 and a twelve month high of $403.58. The company has a market capitalization of $25.36 billion, a PE ratio of 28.31, a price-to-earnings-growth ratio of 0.63 and a beta of 0.50. The company has a current ratio of 2.56, a quick ratio of 2.56 and a debt-to-equity ratio of 1.26.

LPL Financial (NASDAQ:LPLA) last posted its quarterly earnings results on Thursday, April 30th. The financial services provider reported $5.60 EPS for the quarter, beating the consensus estimate of $5.49 by $0.11. The company had revenue of $4.94 billion during the quarter, compared to analysts’ expectations of $4.98 billion. LPL Financial had a return on equity of 31.26% and a net margin of 4.93%.The firm’s revenue was up 34.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $5.15 EPS. On average, research analysts predict that LPL Financial Holdings Inc. will post 23.02 earnings per share for the current year.

LPL Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 21st were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $1.20 annualized dividend and a dividend yield of 0.4%. LPL Financial’s payout ratio is currently 10.71%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on LPLA shares. JPMorgan Chase & Co. lowered their price objective on shares of LPL Financial from $396.00 to $390.00 and set an “overweight” rating on the stock in a research note on Friday, May 1st. Weiss Ratings reiterated a “hold (c)” rating on shares of LPL Financial in a research report on Monday, April 27th. William Blair reissued an “outperform” rating on shares of LPL Financial in a research note on Thursday, June 4th. UBS Group cut their price objective on LPL Financial from $395.00 to $391.00 and set a “buy” rating for the company in a research report on Wednesday, July 8th. Finally, TD Cowen reduced their target price on LPL Financial from $330.00 to $326.00 and set a “hold” rating on the stock in a research note on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, LPL Financial presently has an average rating of “Moderate Buy” and a consensus target price of $396.54.

LPL Financial News Summary

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

• Positive Sentiment: Morgan Stanley raised its price target on LPL Financial to $387 and reiterated an overweight view, signaling continued confidence in the company’s valuation and growth outlook.
• Positive Sentiment: Barclays set a new $394 price target on LPL Financial, reinforcing a bullish analyst consensus around the stock.
• Positive Sentiment: LPL Financial and its acquired Commonwealth unit earned the top two rankings in the 2026 JD Power independent advisor satisfaction study, which may support the company’s reputation with advisors and help attract assets and new relationships. LPL Financial Announces Second Quarter 2026 Earnings Release Date and Conference Call
• Positive Sentiment: Haskin Private Wealth Advisors joined LPL’s independent advisor network, a sign of ongoing recruiting and platform growth. Haskin Private Wealth Advisors Joins LPL’s Independent Advisor Network
• Neutral Sentiment: LPL announced it will report second-quarter 2026 earnings on July 30, which keeps investors focused on upcoming results rather than providing new operating data yet.
• Neutral Sentiment: Short-interest data showed 0 shares reported, so it does not currently suggest meaningful bearish positioning.

Insider Buying and Selling at LPL Financial

In related news, Director Aneri Jambusaria sold 308 shares of LPL Financial stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $306.00, for a total value of $94,248.00. Following the transaction, the director owned 6,415 shares in the company, valued at approximately $1,962,990. This trade represents a 4.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Matthew J. Audette sold 1,110 shares of the business’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $330.01, for a total value of $366,311.10. Following the sale, the chief financial officer directly owned 19,803 shares of the company’s stock, valued at approximately $6,535,188.03. This trade represents a 5.31% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 1,887 shares of company stock valued at $613,144 over the last three months. Corporate insiders own 0.60% of the company’s stock.

LPL Financial 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.