LPL Financial gains as February asset-growth report highlights stronger net inflows

LPL Financial Holdings (LPLA) is up 3.6% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely catalyst is LPL’s February 2026 monthly activity update, which showed continued growth in total advisory and brokerage assets and a pickup in organic net new assets. Investors often react quickly to these monthly flow and asset-level indicators because they can signal momentum for revenue tied to assets, transaction activity, and advisor recruiting.

Details:

LPL’s February month-end total advisory and brokerage assets were about $2.43 trillion, up roughly 0.9% versus January’s month-end level.

Total organic net new assets for February were about $9.1 billion, which the company framed as a 4.5% annualized organic growth rate.

Advisory assets rose to roughly $1.44 trillion, and the advisory mix increased to about 59% of total assets, a shift that can be viewed as supportive for recurring fee revenue.

Client cash balances ended February around $55.9 billion, down modestly from January, while net buy activity for the month was cited at about $16.6 billion.

Sources:

LPL Financial, Quantisnow, Zacks

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$LPLA Insider Trading Activity

$LPLA insiders have traded $LPLA stock on the open market 37 times in the past 6 months. Of those trades, 0 have been purchases and 37 have been sales.

Here’s a breakdown of recent trading of $LPLA stock by insiders over the last 6 months:

RICHARD STEINMEIER (Chief Executive Officer) has made 0 purchases and 6 sales selling 5,058 shares for an estimated $1,876,482.
GREG GATES (Group Managing Director) has made 0 purchases and 19 sales selling 3,000 shares for an estimated $1,078,692.
MARC ELIOT COHEN (Group Managing Director) has made 0 purchases and 2 sales selling 3,300 shares for an estimated $1,019,995.
MATTHEW ENYEDI (Group Managing Director) has made 0 purchases and 5 sales selling 2,109 shares for an estimated $675,191.
MATTHEW J AUDETTE (President and CFO) has made 0 purchases and 4 sales selling 1,581 shares for an estimated $506,715.
ANERI JAMBUSARIA (Group Managing Director) sold 80 shares for an estimated $28,198

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

$LPLA Hedge Fund Activity

We have seen 371 institutional investors add shares of $LPLA stock to their portfolio, and 449 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 1,776,040 shares (-75.3%) from their portfolio in Q4 2025, for an estimated $634,348,206
BARROW HANLEY MEWHINNEY & STRAUSS LLC added 1,261,285 shares (+inf%) to their portfolio in Q4 2025, for an estimated $450,493,163
WINSLOW CAPITAL MANAGEMENT, LLC removed 1,183,069 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $393,595,225
M&T BANK CORP added 1,136,952 shares (+27955.5%) to their portfolio in Q4 2025, for an estimated $406,085,145
CAPITAL WORLD INVESTORS added 996,806 shares (+37.9%) to their portfolio in Q4 2025, for an estimated $356,029,199
JENNISON ASSOCIATES LLC removed 993,283 shares (-89.9%) from their portfolio in Q4 2025, for an estimated $354,770,889
MILLENNIUM MANAGEMENT LLC removed 748,458 shares (-71.1%) from their portfolio in Q4 2025, for an estimated $267,326,743

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

$LPLA Congressional Stock Trading

Members of Congress have traded $LPLA stock 1 times in the past 6 months. Of those trades, 1 have been purchases and 0 have been sales.

Here’s a breakdown of recent trading of $LPLA stock by members of Congress over the last 6 months:

REPRESENTATIVE GILBERT RAY CISNEROS, JR. purchased up to $15,000 on 12/10.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.

$LPLA Analyst Ratings

Wall Street analysts have issued reports on $LPLA in the last several months. We have seen 5 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Barclays issued a "Overweight" rating on 01/30/2026
JP Morgan issued a "Overweight" rating on 01/30/2026
Jefferies issued a "Buy" rating on 01/30/2026
JMP Securities issued a "Market Outperform" rating on 10/09/2025
Morgan Stanley issued a "Overweight" rating on 10/01/2025

To track analyst ratings and price targets for $LPLA, check out Quiver Quantitative's $LPLA forecast page.

$LPLA Price Targets

Multiple analysts have issued price targets for $LPLA recently. We have seen 10 analysts offer price targets for $LPLA in the last 6 months, with a median target of $437.0.

Here are some recent targets:

Benjamin Budish from Barclays set a target price of $435.0 on 01/30/2026
Michael Cho from JP Morgan set a target price of $439.0 on 01/30/2026
Gerald O'Hara from Jefferies set a target price of $440.0 on 01/30/2026
Bill Katz from TD Cowen set a target price of $378.0 on 01/30/2026
Michael Cyprys from Morgan Stanley set a target price of $447.0 on 12/22/2025
Michael Brown from UBS set a target price of $406.0 on 12/11/2025
Christopher Allen from Citigroup set a target price of $380.0 on 10/31/2025

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.