LPL Financial (LPLA)

• Market cap: $19.6B
• Sector: Financials
• Industry: Security & Commodity Brokers, Dealers, Exchanges & Services

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

38% more first-time investments, than exits

New positions opened: 99 | Existing positions closed: 72

27% more repeat investments, than reductions

Existing positions increased: 265 | Existing positions reduced: 208

17% more funds holding in top 10

Funds holding in top 10: 18 [Q1] → 21 (+3) [Q2]

4% more funds holding

Funds holding: 638 [Q1] → 665 (+27) [Q2]

4% more capital invested

Capital invested by funds: $19.3B [Q1] → $20.1B (+$812M) [Q2]

7% less call options, than puts

Call options by funds: $47.5M | Put options by funds: $50.8M

1.71% less ownership

Funds ownership: 98.07% [Q1] → 96.35% (-1.71%) [Q2]

Research analyst outlook

14 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $215 18% downside
• Avg. target: $276 5% upside
• High target: $315 20% upside

14 analyst ratings

• positive: 10 71%
• neutral: 4 29%
• negative: 0 0%

Morgan Stanley Michael Cyprys 60% 1-year accuracy 15 / 25 met price target	18% upside $309	Overweight Maintained	17 Oct 2024
JMP Securities Devin Ryan 73% 1-year accuracy 40 / 55 met price target	18% upside $310	Market Outperform Reiterated	9 Oct 2024
Wells Fargo Michael Brown 81% 1-year accuracy 21 / 26 met price target	9% upside $285	Overweight Upgraded	9 Oct 2024
UBS Brennan Hawken 68% 1-year accuracy 25 / 37 met price target	5% downside $250	Neutral Maintained	8 Oct 2024
Jefferies Gerald O'Hara 0% 1-year accuracy 0 / 2 met price target	8% upside $282	Buy Maintained	4 Oct 2024