LPL Financial slides as investors digest fresh price-target cuts and another acquisition

LPL Financial Holdings (LPLA) is down 5.6% today. Here is some analysis on what might have caused this price movement.

Analysis: The drop appears tied to a renewed wave of analyst model updates that lowered price targets, reinforcing a more cautious near-term valuation stance. The move also comes as investors weigh integration and execution risk as LPL continues to add scale through acquisitions ahead of its next earnings report.

Details:

Multiple Wall Street firms have recently reduced their price targets on LPL, a pattern that can pressure sentiment even when ratings stay constructive.

One recent note lowered a price target while citing broader broker group forecast risk for 2026–2027, which may have contributed to a de-risking move in the shares.

LPL announced it entered a definitive purchase agreement to acquire Mariner Advisor Network, bringing a sizable advisor base and assets onto (or continuing on) the LPL platform structure alongside a partner arrangement.

With LPL’s next earnings event approaching, investors may be positioning cautiously around potential updates on integration costs, recruiting trends, and expense outlook.

Sources:

LPL Financial (press release), TipRanks, GuruFocus

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.

$LPLA Hedge Fund Activity

We have seen 362 institutional investors add shares of $LPLA stock to their portfolio, and 372 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.

$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.

$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 10 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
Bill Katz from TD Cowen set a target price of $378.0 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.