LPL Financial (LPLA)

• Market cap: $28.8B
• 1 day: 1.91%
• 5 days: 4.82%
• 1 month: -4.61%
• 3 months: -3.95%
• 6 months: 1.41%
• Year to date: 11.98%
• 1 year: 63.01%
• 5 years: 353.18%
• 10 years: 818.25%
• Sector: Financials
• Industry: Capital Markets

About: LPL Financial Holdings is an independent broker/dealer that provides a platform of proprietary technology, brokerage, and investment advisory services to financial advisors and institutions. As of the end of 2024, the company had over 29,000 advisors on its platform managing $1.7 trillion of client assets. The company doesn't have material operations outside the United States.

Employees: 9,389

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

25% more repeat investments, than reductions

Existing positions increased: 318 | Existing positions reduced: 254

23% more first-time investments, than exits

New positions opened: 127 | Existing positions closed: 103

17% more capital invested

Capital invested by funds: $25.3B [Q1] → $29.5B (+$4.19B) [Q2]

2% more call options, than puts

Call options by funds: $26.7M | Put options by funds: $26.2M

1% more funds holding

Funds holding: 774 [Q1] → 780 (+6) [Q2]

4.49% less ownership

Funds ownership: 103.05% [Q1] → 98.56% (-4.49%) [Q2]

16% less funds holding in top 10

Funds holding in top 10: 25 [Q1] → 21 (-4) [Q2]

Research analyst outlook

7 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $400 9% upside
• Avg. target: $439 19% upside
• High target: $490 33% upside

7 analyst ratings

• positive: 5 71%
• neutral: 2 29%
• negative: 0 0%

Keefe, Bruyette & Woods Kyle Voigt	18% upside $435	Outperform Maintained	4 Aug 2025
Barclays Benjamin Budish	26% upside $463	Overweight Maintained	1 Aug 2025
Morgan Stanley Michael Cyprys	33% upside $490	Overweight Maintained	15 Jul 2025
Wells Fargo Michael Brown	14% upside $420	Overweight Maintained	11 Jul 2025
TD Cowen Bill Katz	10% upside $403	Hold Downgraded	9 Jul 2025