LPL Financial Holdings Inc. (LPLA)

US — Financial Services Sector
Peers: TW  RJF  PJT  MC  SF  MKTX  PIPR  EVR  LAZ  HLI  PWP 

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Key Metrics & Ratings

  • symbol LPLA
  • Rev/Share 212.2411
  • Book/Share 66.766
  • PB 5.7685
  • Debt/Equity 1.3582
  • CurrentRatio 0.5305
  • ROIC 0.2159

 

  • MktCap 30825681264.0
  • FreeCF/Share -19.9269
  • PFCF -19.3251
  • PE 35.7229
  • Debt/Assets 0.3925
  • DivYield 0.0031
  • ROE 0.1857

 

  • Rating B
  • Score 3
  • Recommendation Neutral
  • P/E Score 1
  • DCF Score 4
  • P/B Score 1
  • D/E Score 2

Recent Analyst Ratings

Type Ticker Analyst Firm Previous Rating Current Rating Previous Price Target Current Price Target Date
Resumed LPLA UBS -- Neutral -- $406 Dec. 11, 2025
Upgrade LPLA Raymond James Underperform Market Perform -- -- Oct. 9, 2025
Initiation LPLA BMO Capital Markets -- Outperform -- $365 Oct. 3, 2025
Downgrade LPLA Rothschild & Co Redburn Buy Neutral -- $390 Sept. 19, 2025
Resumed LPLA Goldman -- Buy -- $405 Sept. 12, 2025
Downgrade LPLA Citigroup Neutral Sell -- $80 July 9, 2025
Upgrade LPLA Redburn Atlantic Neutral Buy -- $460 June 9, 2025
Downgrade LPLA Citigroup Buy Neutral -- $400 June 9, 2025
Upgrade LPLA JP Morgan Neutral Overweight $288 $397 Jan. 7, 2025
Upgrade LPLA UBS Neutral Buy -- $390 Jan. 6, 2025

News

LPL Financial Welcomes Wealth Innovations
LPLA
Published: February 03, 2026 by: GlobeNewsWire
Sentiment: Neutral

SAN DIEGO, Feb. 03, 2026 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that the financial advisors of Wealth Innovations, LLC have joined LPL Financial's broker-dealer and Registered Investment Advisor (RIA) platform. They reported serving approximately $200 million in advisory, brokerage and retirement plan assets* and join LPL from Osaic.

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image for news LPL Financial Welcomes Wealth Innovations
LPL Financial Dips Despite Q4 Earnings Beat, Revenues & Costs Rise Y/Y
LPLA
Published: January 30, 2026 by: Zacks Investment Research
Sentiment: Negative

LPLA slips despite Q4 earnings beat, as strong revenues and asset growth are overshadowed by a sharp rise in expenses.

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image for news LPL Financial Dips Despite Q4 Earnings Beat, Revenues & Costs Rise Y/Y
Unveiling LPL Financial (LPLA) Q4 Outlook: Wall Street Estimates for Key Metrics
LPLA
Published: January 27, 2026 by: Zacks Investment Research
Sentiment: Positive

Looking beyond Wall Street's top-and-bottom-line estimate forecasts for LPL Financial (LPLA), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended December 2025.

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image for news Unveiling LPL Financial (LPLA) Q4 Outlook: Wall Street Estimates for Key Metrics
LPL Financial Celebrates Industry-Leading Milestone: Over 6,000 Advisors Achieve CFP® Certification
LPLA
Published: January 27, 2026 by: GlobeNewsWire
Sentiment: Neutral

SAN DIEGO, Jan. 27, 2026 (GLOBE NEWSWIRE) -- LPL Financial LLC, a leading wealth management firm, today announced that 6,200 LPL-affiliated financial advisors have earned the CERTIFIED FINANCIAL PLANNER™ (CFP®) designation as of December 31, 2025 — the most of any firm in the industry. This achievement reflects LPL's continued investment in the technology, services and infrastructure that define the modern advisor experience and elevate quality advice.

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image for news LPL Financial Celebrates Industry-Leading Milestone: Over 6,000 Advisors Achieve CFP® Certification
Will LPL Financial (LPLA) Beat Estimates Again in Its Next Earnings Report?
LPLA
Published: January 22, 2026 by: Zacks Investment Research
Sentiment: Positive

LPL Financial (LPLA) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

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image for news Will LPL Financial (LPLA) Beat Estimates Again in Its Next Earnings Report?
LPL Financial Holdings Inc. (LPLA) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
LPLA
Published: January 22, 2026 by: Zacks Investment Research
Sentiment: Positive

LPL Financial (LPLA) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

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image for news LPL Financial Holdings Inc. (LPLA) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
Wealth Management Leaders Suzanne Elovic and Mike Murphy Join LPL Financial to Strengthen Advisor and Client Service
LPLA
Published: January 13, 2026 by: GlobeNewsWire
Sentiment: Neutral

LPL announces appointments of Suzanne Elovic as executive vice president, head of supervision, & Mike Murphy as executive vice president, head of service.

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image for news Wealth Management Leaders Suzanne Elovic and Mike Murphy Join LPL Financial to Strengthen Advisor and Client Service
LPL Financial Reports Rise in November Brokerage & Advisory Assets
LPLA
Published: December 18, 2025 by: Zacks Investment Research
Sentiment: Neutral

LPLA posts $2.36T in brokerage and advisory assets for November, up 0.5% month over month and 34.3% year over year on advisory growth.

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image for news LPL Financial Reports Rise in November Brokerage & Advisory Assets
LPL Financial Holdings Inc. (LPLA) Presents at Goldman Sachs 2025 U.S. Financial Services Conference Transcript
LPLA
Published: December 09, 2025 by: Seeking Alpha
Sentiment: Neutral

LPL Financial Holdings Inc. (LPLA) Presents at Goldman Sachs 2025 U.S. Financial Services Conference Transcript

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image for news LPL Financial Holdings Inc. (LPLA) Presents at Goldman Sachs 2025 U.S. Financial Services Conference Transcript
Matthew Morningstar Joins LPL as Chief Legal Officer
LPLA
Published: December 05, 2025 by: GlobeNewsWire
Sentiment: Neutral

SAN DIEGO, Dec. 05, 2025 (GLOBE NEWSWIRE) -- LPL Financial LLC (Nasdaq: LPLA), a leading wealth management firm, today announced the appointment of Matthew Morningstar as group managing director and chief legal officer. In this role, Morningstar joins the firm's Management Committee and oversees the Legal, Policy and Community Impact teams, driving strategic legal guidance, public policy engagement and community initiatives across the enterprise.

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image for news Matthew Morningstar Joins LPL as Chief Legal Officer
LPL Financial Reports a Rise in October Brokerage & Advisory Assets
LPLA
Published: November 21, 2025 by: Zacks Investment Research
Sentiment: Positive

LPLA's October assets climb to $2.35T, with both brokerage and advisory balances rising and organic inflows supporting momentum.

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image for news LPL Financial Reports a Rise in October Brokerage & Advisory Assets
LPL Financial Acquires Minority Stake in Private Advisor Group
LPLA
Published: November 20, 2025 by: Zacks Investment Research
Sentiment: Positive

LPLA deepens its RIA ties with a new minority stake in Private Advisor Group, aiming to boost advisor support and long-term growth.

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image for news LPL Financial Acquires Minority Stake in Private Advisor Group
Republic Capital Group Advises Private Advisor Group on its Minority Investment by LPL Financial
LPLA
Published: November 20, 2025 by: PRNewsWire
Sentiment: Neutral

NEW YORK and MORRISTOWN, N.J. , Nov. 20, 2025 /PRNewswire/ -- Republic Capital Group ("Republic"), a leading investment bank specializing in strategic and financial advisory services for wealth and asset management firms and their clients, today announced that it served as the investment banking advisor to Private Advisor Group, with $41.3 billion in AUM, as LPL Financial Holdings Inc. (Nasdaq: LPLA) (together with its subsidiaries, including LPL Financial LLC, "LPL Financial" or "LPL") acquires a minority ownership stake, marking a new chapter in their nearly three-decade relationship.

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image for news Republic Capital Group Advises Private Advisor Group on its Minority Investment by LPL Financial
Private Advisor Group Announces Minority Investment by LPL Financial
LPLA
Published: November 19, 2025 by: PRNewsWire
Sentiment: Neutral

LPL Financial Joins Merchant in Minority Ownership of Private Advisor Group, Strengthening Strategic Alignment MORRISTOWN, N.J. , Nov. 19, 2025 /PRNewswire/ -- Private Advisor Group, a leading financial services firm and LPL Financial Holdings Inc. (Nasdaq: LPLA) (together with its subsidiaries, including LPL Financial LLC, "LPL Financial" or "LPL") announced today LPL's acquisition of a minority ownership stake in Private Advisor Group.

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image for news Private Advisor Group Announces Minority Investment by LPL Financial
PGIM Jennison Financial Services Fund Q3 2025 Contributors And Detractors
AAMI, GS, JPM, LPLA, RYAN, V
Published: November 13, 2025 by: Seeking Alpha
Sentiment: Neutral

The PGIM Jennison Financial Services Fund advanced but underperformed the 3.4% return of the S&P 1500 Financials index during the quarter. Relative underperformance was largely driven by security selection within capital markets (especially LPL Financial, KKR, and Marex Group), financial services (primarily Adyen and Apollo Global Management), and banks (Pinnacle Financial Partners). On the upside, our underweight to financial services, an overweight to banks, and out of index exposure to consumer discretionary (Pulte Group) added the most value.

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image for news PGIM Jennison Financial Services Fund Q3 2025 Contributors And Detractors
LPL Financial's Q3 Earnings Beat on Higher Revenues, Stock Up 1.3%
LPLA
Published: October 31, 2025 by: Zacks Investment Research
Sentiment: Positive

LPLA posts a 25% earnings jump and beats estimates on surging revenues and asset growth, which lift its stock 1.3% in after-hours trading.

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image for news LPL Financial's Q3 Earnings Beat on Higher Revenues, Stock Up 1.3%
LPL Financial Holdings Inc. (LPLA) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
LPLA
Published: October 23, 2025 by: Zacks Investment Research
Sentiment: Neutral

LPL Financial (LPLA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Read More
image for news LPL Financial Holdings Inc. (LPLA) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
LPL Financial Welcomes Lighthouse Private Wealth
LPLA
Published: September 30, 2025 by: GlobeNewsWire
Sentiment: Neutral

SAN DIEGO, Sept. 30, 2025 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that advisors, DJ Totland, CFP®, CIMA®, CPFA® and Christopher Meyer, CFP®, with support from Rob Tendler CFP®, CLU® and the Harbor Lights Financial Group team – an existing firm supporting LPL-affiliated advisors - have come together to form Lighthouse Private Wealth. The practice joins LPL Financial's broker-dealer and Registered Investment Advisor (RIA) platform. They reported serving approximately $1.1 billion in advisory, brokerage and retirement plan assets* and join LPL from RBC.

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image for news LPL Financial Welcomes Lighthouse Private Wealth
LPL Financial's August Brokerage & Advisory Assets Rise Sequentially
LPLA
Published: September 22, 2025 by: Zacks Investment Research
Sentiment: Positive

LPLA posts $2.26T in August assets, up 16.7% from July, with strong gains in both brokerage and advisory holdings.

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image for news LPL Financial's August Brokerage & Advisory Assets Rise Sequentially
LPL Releases Inaugural Advisor Growth Study
LPLA
Published: September 17, 2025 by: GlobeNewsWire
Sentiment: Neutral

SAN DIEGO, Sept. 17, 2025 (GLOBE NEWSWIRE) -- LPL Financial LLC , a leading wealth management firm, today announced the release of the first-of-its-kind annual Advisor Growth Study (AGS).

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image for news LPL Releases Inaugural Advisor Growth Study
LPL Financial Completes Onboarding of First Horizon Advisors to Institution Services Platform
LPLA
Published: August 27, 2025 by: GlobeNewsWire
Sentiment: Neutral

LPL and First Horizon Bank announced the agreement in April 2025. In August 2025, approximately $12B of brokerage and advisory assets onboarded to LPL.

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image for news LPL Financial Completes Onboarding of First Horizon Advisors to Institution Services Platform
LPL Financial's July Brokerage & Advisory Assets Rise Sequentially
LPLA
Published: August 22, 2025 by: Zacks Investment Research
Sentiment: Positive

LPLA's brokerage and advisory assets hit $1.94T in July, rising 1.1% from June and surging nearly 27% year over year.

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image for news LPL Financial's July Brokerage & Advisory Assets Rise Sequentially
LPL Financial Kicks Off Focus 2025, Largest Gathering of Financial Advisors in Firm History
LPLA
Published: August 11, 2025 by: GlobeNewsWire
Sentiment: Neutral

SAN DIEGO, Aug. 11, 2025 (GLOBE NEWSWIRE) -- LPL Financial LLC, a leading wealth management firm, last night opened its annual flagship conference, Focus 2025, welcoming more than 10,000 financial professionals and industry leaders to the San Diego Convention Center. The three-day event marks the largest in-person gathering in LPL history, offering curated content, strategic insights and immersive experiences designed to elevate financial advisor success.

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image for news LPL Financial Kicks Off Focus 2025, Largest Gathering of Financial Advisors in Firm History
LPL Financial's Q2 Earnings Beat on Higher Revenues, Stock Jumps
LPLA
Published: August 01, 2025 by: Zacks Investment Research
Sentiment: Positive

LPLA jumps 3.1% after Q2 earnings and revenues beat estimates, fueled by strong asset growth and higher client cash balances.

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image for news LPL Financial's Q2 Earnings Beat on Higher Revenues, Stock Jumps
LPL Financial Closes Its Acquisition of Commonwealth Financial Network
LPLA
Published: August 01, 2025 by: GlobeNewsWire
Sentiment: Neutral

SAN DIEGO, Aug. 01, 2025 (GLOBE NEWSWIRE) -- LPL Financial Holdings Inc. (NASDAQ: LPLA), together with its subsidiaries, including LPL Financial LLC, announced the closing of its acquisition of Commonwealth Financial Network (“Commonwealth”), a wealth management firm supporting approximately 3,000* advisors managing $305 billion in assets. “Advisor success is woven into every aspect of the Commonwealth business, and we're proud to welcome an incredible community of Advisors and the talented team at Commonwealth,” said Rich Steinmeier, LPL Financial chief executive officer.

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image for news LPL Financial Closes Its Acquisition of Commonwealth Financial Network
LPL Financial Welcomes ProsperLane Financial
LPLA
Published: July 30, 2025 by: GlobeNewsWire
Sentiment: Neutral

SAN DIEGO, July 30, 2025 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that mother and son team, Sheri Johnston, CFP® and Jason Hotzler, from ProsperLane Financial have joined LPL Financial's broker-dealer, Registered Investment Advisor (RIA). They reported serving approximately $250 million in advisory, brokerage and retirement plan assets.

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image for news LPL Financial Welcomes ProsperLane Financial
Here's Why LPL Financial Holdings Inc. (LPLA) is a Strong Momentum Stock
LPLA
Published: July 21, 2025 by: Zacks Investment Research
Sentiment: Positive

Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.

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image for news Here's Why LPL Financial Holdings Inc. (LPLA) is a Strong Momentum Stock
Here's Why LPL Financial Holdings Inc. (LPLA) is a Strong Growth Stock
LPLA
Published: June 26, 2025 by: Zacks Investment Research
Sentiment: Positive

The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.

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image for news Here's Why LPL Financial Holdings Inc. (LPLA) is a Strong Growth Stock
Why LPL Financial Holdings Inc. (LPLA) is a Top Momentum Stock for the Long-Term
LPLA
Published: June 24, 2025 by: Zacks Investment Research
Sentiment: Positive

Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.

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image for news Why LPL Financial Holdings Inc. (LPLA) is a Top Momentum Stock for the Long-Term
LPLA, SF & Others to Face Penalty for Overcharging Retail Investors
LPLA, SF
Published: June 10, 2025 by: Zacks Investment Research
Sentiment: Negative

Edward Jones, LPL Financial, RBC Capital Markets, Stifel and TD Ameritrade to pay $19M over claims of excessive commissions on small-dollar trades.

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image for news LPLA, SF & Others to Face Penalty for Overcharging Retail Investors

About LPL Financial Holdings Inc. (LPLA)

  • IPO Date 2010-11-18
  • Website https://www.lpl.com
  • Industry Financial - Capital Markets
  • CEO Richard Steinmeier
  • Employees 9118

LPL Financial Holdings Inc., together with its subsidiaries, provides an integrated platform of brokerage and investment advisory services to independent financial advisors and financial advisors at financial institutions in the United States. Its brokerage offerings include variable and fixed annuities, mutual funds, equities, retirement and education savings plans, fixed income, and insurance, as well as alternative investments, such as non-traded real estate investment trusts and auction rate notes. The company also provides advisory platforms that provide access to mutual funds, exchange-traded funds, stocks, bonds, certain option strategies, unit investment trusts, and institutional money managers and no-load multi-manager variable annuities. In addition, it offers money market programs; and retirement solutions for commission-and fee-based services that allow advisors to provide brokerage services, consultation, and advice to retirement plan sponsors. Further, the company provides other services comprising tools and services that enable advisors to maintain and grow their practices; trust, investment management oversight, and custodial services to trusts for estates and families, as well as insurance brokerage general agency services; and technology products, such as proposal generation, investment analytics, and portfolio modeling. The company was formerly known as LPL Investment Holdings Inc. and changed its name to LPL Financial Holdings Inc. in June 2012. LPL Financial Holdings Inc. was founded in 1989 and is based in San Diego, California.