Why LPL Financial Holdings Inc. (LPLA) stock fell 15.2% on Wednesday, October 28, 2026

LPL Financial Holdings Inc. (LPLA) closed at $269.19, down 15.23% on Wednesday, October 28, 2026, on volume of 5,153,589 shares (7.1× its 3-month average); market value about $21.20B.

What happened: primary sources

Events Nexqual found for LPLA on Wednesday, October 28, 2026 or the trading day before (October 27, 2026):

• Oct 27, 2026: Reported quarterly results (SEC 8-K) for the quarter ended Sep 30, 2026: EPS $5.97 vs consensus $5.69 (beat), on the analysts' basis (usually adjusted, not GAAP). source
• Oct 28, 2026: JP Morgan: Target lowered, Overweight, price target $445 → $413
• Oct 28, 2026: TD Cowen: Target lowered, Hold, price target $380 → $356
• Oct 28, 2026: Barclays: Target lowered, Overweight, price target $409 → $372
• Oct 28, 2026: Wells Fargo: Target lowered, Overweight, price target $362 → $350
• Oct 28, 2026: Truist Securities: Target lowered, Hold, price target $354 → $335

These are listed as context. A filing or rating change on the same day is not proof that it caused the move; read the source.

More on LPLA

LPLA stock page: price, SEC financials, insider trades, superinvestor holders, analyst estimates and options. Other big moves that day: October 28, 2026.

Sources: SEC EDGAR, Nexqual Earnings Flash, analyst rating changes, Nexqual market data. Built October 28, 2026 at 22:05 UTC. Not investment advice.

Data source: Nexqual. Last updated: October 28, 2026 at 22:05 UTC. This page is informational and not investment advice.

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