Waverly Advisors LLC Boosts Stake in LPL Financial Holdings Inc. $LPLA

Waverly Advisors LLC raised its holdings in LPL Financial Holdings Inc. (NASDAQ:LPLA) by 288.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,740 shares of the financial services provider’s stock after purchasing an additional 2,034 shares during the quarter. Waverly Advisors LLC’s holdings in LPL Financial were worth $824,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of LPL Financial during the 4th quarter worth about $450,493,000. M&T Bank Corp lifted its position in LPL Financial by 27,955.5% in the fourth quarter. M&T Bank Corp now owns 1,141,019 shares of the financial services provider’s stock valued at $407,538,000 after buying an additional 1,136,952 shares during the last quarter. Norges Bank purchased a new position in LPL Financial during the fourth quarter worth about $371,616,000. Capital World Investors boosted its stake in LPL Financial by 37.9% during the fourth quarter. Capital World Investors now owns 3,625,357 shares of the financial services provider’s stock worth $1,294,869,000 after buying an additional 996,806 shares during the period. Finally, Principal Financial Group Inc. increased its position in shares of LPL Financial by 36.3% during the first quarter. Principal Financial Group Inc. now owns 2,636,544 shares of the financial services provider’s stock valued at $793,163,000 after acquiring an additional 702,061 shares during the last quarter. Institutional investors and hedge funds own 95.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. William Blair reissued an “outperform” rating on shares of LPL Financial in a research note on Thursday, June 4th. UBS Group lowered their price objective on shares of LPL Financial from $395.00 to $391.00 and set a “buy” rating for the company in a research report on Wednesday, July 8th. TD Cowen lifted their target price on shares of LPL Financial from $330.00 to $372.00 and gave the company a “hold” rating in a report on Friday. Weiss Ratings reissued a “hold (c)” rating on shares of LPL Financial in a research report on Friday, July 24th. Finally, Morgan Stanley upped their price target on LPL Financial from $374.00 to $387.00 and gave the stock an “overweight” rating in a research note on Friday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, LPL Financial has a consensus rating of “Moderate Buy” and a consensus target price of $406.62.

LPL Financial News Summary

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.

Insider Buying and Selling

In other LPL Financial news, Director Aneri Jambusaria sold 308 shares of the firm’s stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $306.00, for a total value of $94,248.00. Following the completion of the transaction, the director owned 6,415 shares of the company’s stock, valued at $1,962,990. This trade represents a 4.58% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.60% of the stock is owned by corporate insiders.

LPL Financial Stock Up 4.3%

Shares of NASDAQ:LPLA opened at $353.70 on Friday. The firm has a market capitalization of $28.29 billion, a PE ratio of 28.21, a price-to-earnings-growth ratio of 0.69 and a beta of 0.50. LPL Financial Holdings Inc. has a 1 year low of $260.15 and a 1 year high of $403.58. The company has a debt-to-equity ratio of 1.26, a current ratio of 2.56 and a quick ratio of 2.56. The firm’s 50-day moving average is $301.76 and its two-hundred day moving average is $316.27.

LPL Financial (NASDAQ:LPLA) last posted its quarterly earnings data on Thursday, July 30th. The financial services provider reported $5.84 EPS for the quarter, beating the consensus estimate of $5.39 by $0.45. The business had revenue of $5.19 billion during the quarter, compared to analyst estimates of $5.04 billion. LPL Financial had a net margin of 5.13% and a return on equity of 32.80%. The business’s revenue for the quarter was up 35.2% compared to the same quarter last year. During the same quarter last year, the firm posted $4.51 earnings per share. Analysts predict that LPL Financial Holdings Inc. will post 23.58 EPS for the current year.

LPL Financial Announces Dividend

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

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.