Jefferies Raises LPL Financial Target to $464, Q4 EPS Jumps 23%
Jefferies boosted its price target to $464 from $440 citing Commonwealth deal retention and advisor recruitment, while Citizens lifted its target to $500 from $475 after strong year-end results. LPL reported 4Q net income of $301M (+4%) and adjusted EPS of $5.23 (+23%), with advisory assets rising 46% to $1.4T.
1. Analyst Price Target Increases
Firms Jefferies and Citizens raised their price targets on LPL Financial, with Jefferies boosting its target to $464 from $440 and Citizens lifting its outlook to $500 from $475 based on year-end performance and advisor recruitment momentum.
2. Fourth-Quarter Earnings Results
In Q4, LPL delivered net income of $301 million, a 4% increase year over year, and adjusted EPS of $5.23, up 23%, driven by record advisory asset retention and improved operating leverage.
3. Asset Growth and Strategic Integrations
Total advisory assets rose 46% to $1.4 trillion in Q4, reflecting strong contributions from the Commonwealth deal integration, Atria completion and the acquisition of Investment Center and Commonwealth, positioning the firm for continued organic growth.
4. Full-Year Financial Highlights
For full-year 2025, net income reached $863 million and adjusted EPS grew 22% to $20.09, marking industry-leading organic growth while completing key integrations that enhance long-term shareholder value.