LPL Financial shares slide as investors digest mixed Q1 results and softer asset metrics

LPL Financial Holdings Inc. (LPLA) is down 3.2% today. Here is some analysis on what might have caused this price movement.

Analysis: The move appears tied to a post-earnings reaction after LPL reported first-quarter results, where profit held up but several operating metrics looked softer than investors expected. In particular, recruited assets fell sharply year over year and total client assets were pressured by weaker equity markets, which can weigh on near-term growth expectations for a wealth manager.

Details:

LPL reported first-quarter net income of $356 million (GAAP EPS $4.43) and adjusted EPS of $5.60, alongside year-over-year growth in gross profit and adjusted pre-tax income.

Total client assets were $2.3 trillion, and the company noted organic growth was more than offset by lower equity markets during the quarter.

Organic net new assets were $21 billion, while recruited assets were $17 billion and down 55% from a year earlier, a potential concern for forward organic growth momentum.

The company also flagged that Commonwealth’s estimated run-rate EBITDA was revised lower to about $410 million, citing market-driven asset declines.

Sources:

LPL Financial, GlobeNewswire, MarketBeat

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 38 times in the past 6 months. Of those trades, 0 have been purchases and 38 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.
MATTHEW J AUDETTE (President and CFO) has made 0 purchases and 10 sales selling 3,160 shares for an estimated $1,025,616.
MARC ELIOT COHEN (Group Managing Director) has made 0 purchases and 2 sales selling 3,300 shares for an estimated $1,019,995.
GREG GATES (Group Managing Director) has made 0 purchases and 14 sales selling 2,250 shares for an estimated $842,878.
MATTHEW ENYEDI (Group Managing Director) has made 0 purchases and 5 sales selling 2,109 shares for an estimated $675,191.
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. You can access data on insider stock transactions through the Quiver Quantitative API.

$LPLA Hedge Fund Activity

We have seen 340 institutional investors add shares of $LPLA stock to their portfolio, and 408 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
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
ALLIANCEBERNSTEIN L.P. added 635,129 shares (+112.6%) to their portfolio in Q4 2025, for an estimated $226,849,024

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API.

$LPLA Congressional Stock Trading

Members of Congress have traded $LPLA stock 2 times in the past 6 months. Of those trades, 2 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. has traded it 2 times. They made 2 purchases worth up to $30,000 on 03/27, 12/10 and 0 sales.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API.

$LPLA Analyst Ratings

Wall Street analysts have issued reports on $LPLA in the last several months. We have seen 3 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

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 9 analysts offer price targets for $LPLA in the last 6 months, with a median target of $380.0.

Here are some recent targets:

Michael Cyprys from Morgan Stanley set a target price of $374.0 on 04/10/2026
Michael Brown from UBS set a target price of $380.0 on 04/08/2026
Chris Allen from Keefe, Bruyette & Woods set a target price of $350.0 on 04/08/2026
Benjamin Budish from Barclays set a target price of $369.0 on 04/08/2026
Devin Ryan from Citizens set a target price of $500.0 on 04/06/2026
Daniel Fannon from Jefferies set a target price of $383.0 on 04/06/2026
Michael Cho from JP Morgan set a target price of $439.0 on 01/30/2026

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.