LPL Financial Holdings Inc. Stock 12‑Month Price Target Cut to $408.88, Implies 29% Upside

LPL Financial (LPLA) reported Q3 2026 earnings with record EPS of $5. Client cash balances declined $300M to $56.6B, impacting revenue. The payout rate increased to 88%, pressuring margins. Commonwealth asset retention lowered to 83%, reducing EBITDA contribution. Organic growth in October is projected at 3%. Institutional recruiting timelines are long, delaying near-term growth. Full-year G&A guidance narrowed to $2.14-$2.16B.

LPL Financial (LPLA) reported Q3 2026 earnings with record adjusted EPS of $5.97, up 15% YoY. The company attracted $29B in organic net new assets, a 5% annualized growth rate. They expect to onboard Commonwealth advisers in mid-November with 83% asset retention. Total client assets reached $2.6T. The company returned $300M to shareholders through share repurchases.

LPL Financial (LPLA) reported Q3 earnings, expecting mid- to high-single-digit growth. Institutional partnerships and advisor recruiting are key drivers. The Commonwealth Financial Network conversion is on track for mid-November with 83% asset retention. The company projects $415M run-rate EBITDA by Q4 2027. Q3 adjusted pre-tax margin was 38.6%, with gross profit at $1.662B. LPLA plans $300M in share repurchases for Q4 and is launching AI agent Cyan.

LPL Financial revised its client asset retention forecast for Commonwealth Financial Network to 83% from 90%. Executives cited advisor departures as the reason. LPL reported Q3 earnings with a 12.7% increase in adjusted net income to $471 million and 17.4% revenue growth to $5.3 billion. Client assets rose 10.8% YoY to $2.6 trillion.

LPL Financial (LPLA) reported Q3 2026 earnings with adjusted EPS of $5.97, beating estimates, but shares fell 3% after-hours. The company highlighted strong growth, with total client assets reaching $2.565 trillion and advisory assets at 61% of the total. LPL is integrating Commonwealth Financial Network, its largest acquisition, with adjusted retention expectations at 83%. The firm emphasized its market leadership and technology investments, including LPL Latitude, to drive future growth.

LPL Financial Holdings Inc. reported Q3 2026 organic growth at 5% annualized, with adjusted EPS of $5.97, up 15% YoY. Commonwealth onboarding is expected mid-November, with ~$415M run-rate EBITDA projected by Q4 2027, and ~83% asset retention.