LPL Financial Holdings Inc. (LPLA) Stock Price & Analysis

LPL Financial Holdings Inc. (LPLA) closed at USD 318.85 on Thursday, October 22, 2026, down 0.68% on the day. The US market is currently closed (pre-market); this is not a live price.

The prior close was USD 321.03; the Oct 22, 2026 session ranged USD 314.94–323.97 on volume of 678,875 shares. Market capitalization is $25.11B, with a 52-week range of USD 260.15–400.16 (NMS). Source: Nexqual, retrieved October 23, 2026 at 09:23 UTC.

Also available as compact Markdown for AI agents: nexqual.com/LPLA.md

Key facts (LPLA)

• Last four reported quarters (through Jun 30, 2026): revenue $19.6B, net income $1.01B (5.1% margin), free cash flow -$931M (SEC filings).
• Valuation: P/E 24.9x (avg 24.2x at the last 3 fiscal year-ends), net debt $5.98B.
• 4 of 80 tracked superinvestors hold LPLA (13F, Q2 2026): 0 new, 2 added, 1 reduced, 1 unchanged.
• Insider open-market sales, last ~7 months: 6 Form 4 filings, $2.7M; 2 not under a Rule 10b5-1 plan ($1.6M); 3 by opportunistic insiders (0 outside 10b5-1 plans), 1 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
• Analysts: Buy (mean 1.94 on a 1–5 scale) (18 analysts), mean target USD 422.38 (range 354–554).
• Total return with dividends: 1Y -5.4% vs S&P 500 +14.9%; 5Y +86.5% vs S&P 500 +80.3%.
• Next earnings: 2026-10-27, EPS estimate USD 5.69, revenue estimate $5.35B.

Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (LPLA)

Fiscal years end Dec. EPS is split-adjusted.

Valuation (price ÷ last four quarters, through Jun 30, 2026) (LPLA)

P/E 24.9x · P/S 1.3x · EV/Sales 1.6x · P/B 4.4x · FCF yield -3.71% · Earnings yield 4.01% · Dividend yield (paid, TTM) 0.38% · Buyback yield (TTM) 1.23% · Net debt $5.98B · EV $31.1B

P/E at fiscal year-ends: Dec 2025 32.7x, Dec 2024 23.3x, Dec 2023 16.6x.

Superinvestors (SEC 13F-HR, Q2 2026) (LPLA)

4 of 80 tracked investors hold LPLA. Each row is the investor's latest 13F; change is vs their prior-quarter share count.

Insider sales (SEC Form 4, open-market, last ~7 months) (LPLA)

4 of 6 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.

% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).

Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

Analysts (LPLA)

Consensus Buy (mean 1.94 on a 1–5 scale), 18 analysts; mean target USD 422.38 (low 354, high 554).

Rating changes, last 120 days:

Total return (dividends reinvested) (LPLA)

LPLA suppliers, customers and competitors (named in its 10-K)

Quoted from the company's 10-K filed Feb 23, 2026.

Companies that name LPLA in their SEC reports

LPLA company outlook (results filed Jul 30, 2026)

• “They reflect the Company's expectations and objectives as of July 30, 2026 and are not guarantees that expectations or objectives expressed or implied will be achieved.”
• “Endnote Disclosures (1) Represents the estimated total client assets expected to transition to the Company's primary broker-dealer subsidiary, LPL Financial, in connection with advisors who transferred their licenses to LPL Financial during the period.”

Quoted word-for-word from the SEC 8-K results press release.

LPLA analyst estimates and revisions

LPLA options: expected move

Options price a move of about ±10.7% (±$34.25) by Nov 20, 2026, which includes earnings on Oct 27, 2026. Over the last 8 reports the stock moved ±5.2% on average.

30-day implied volatility 47.8% vs 35.8% realized over the last 30 trading days. Put/call ratio (volume) 1.28. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.

Key Statistics (as of October 23, 2026 at 09:23 UTC)

Technical Analysis (LPLA)

Nexqual's technical model rates LPLA "STRONG SELL" based on 0 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 09:23 UTC.

Analyst Ratings (LPLA)

Wall Street analysts rate LPLA "Buy" based on 18 analysts, with a mean price target of USD 422.38 (range USD 354–554), per Nexqual as of October 23, 2026 at 09:23 UTC.

Earnings (LPLA)

Recent Earnings History

Source: Nexqual, October 23, 2026 at 09:23 UTC.

Financials & Fundamentals (LPLA)

Source: Nexqual, October 23, 2026 at 09:23 UTC.

Financial Health Score (LPLA)

Nexqual rates LPL Financial Holdings Inc.'s overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 09:23 UTC.

Ownership (LPLA)

Source: Nexqual, October 23, 2026 at 09:23 UTC.

Leadership (LPLA)

LPL Financial Holdings Inc. is led by Richard Steinmeier, CEO & Director, per Nexqual as of October 23, 2026 at 09:23 UTC.

Major Backers & Investors (LPLA)

Notable institutional backers of LPL Financial Holdings Inc. include Dodge & Cox Inc., Boston Partners, Jupiter Topco LLC, according to Nexqual as of October 23, 2026 at 09:23 UTC.

Active Investors

Index Funds (Passive)

Source: Nexqual, October 23, 2026 at 09:23 UTC.

From LPL Financial Holdings Inc.'s Latest SEC 10-K Filing (filed 2026-02-23)

Key Strengths & Strategy (as disclosed to the SEC)

• In order to achieve this vision, our strategy is to meet advisors and institutions where they are in the evolution of their businesses, expand the addressable market, provide flexible end-to-end solutions to help advisors differentiate and win investors, create an industry-leading service experience that delights advisors and institutions and their clients, and help advisors and institutions run high-performing businesses.
• We believe that we are the only company that offers the unique combination of an integrated technology platform, comprehensive self-clearing services and access to a wide range of curated products all delivered in an environment unencumbered by conflicts from product manufacturing, underwriting and market-making.
• Our platform can accommodate a variety of independent advisor business models, including financial advisors as independent contractors, employee advisors and Independent RIAs.
• Our more than 32,000 advisors are experienced in the industry, which generally allows us to focus on supporting and enhancing our advisors' businesses without needing to provide basic training or subsidizing advisors who are new to the industry.

Partnerships

• Certain of our subsidiaries, including LPL Financial, LPL Enterprise, LPL Employee Services, LLC, PTC, Fiduciary Trust Company of New Hampshire and LPLIA, are subject to ERISA, Section 4975 of the Code, and to regulations promulgated under ERISA or the Code, insofar as the subsidiaries provide services with respect to plan clients, or otherwise deal with plan clients, plan participants and retirement, health and educational accounts that are subject to ERISA or Section 4975 of the Code.
• Advisors licensed with LPL Financial as investment adviser representatives conduct fee-based business on our corporate RIA platform, and advisors licensed with LPL Financial as registered representatives conduct commission-based business on our brokerage platform.

Legal & Regulatory Risks (Item 1A, quoted)

• Any failure to comply with applicable federal or state laws or regulations, or self-regulatory organization rules, exposes us to litigation and regulatory actions, which could increase our costs or negatively affect our reputation.
• Regulatory developments could adversely affect our business by increasing our costs or making our business less profitable.
• We are subject to various regulatory requirements, which, if not complied with, could result in the restriction of the conduct or growth of our business.
• Failure to comply with ERISA regulations and certain tax-qualified plan laws and regulations could result in penalties against us.

Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.

Peers & Related Stocks

Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:23 UTC. This page is informational and not investment advice.

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