LPL Financial Surges 1.14% as 40.7% Volume Spike Elevates Stock to 486th Market Rank

On August 20, 2025, LPL Financial (LPLA) rose 1.14% to $374.05 per share, with a trading volume of 0.21 billion, marking a 40.7% increase from the previous day and ranking 486th in volume among listed stocks. The firm’s institutional ownership saw mixed activity, including a 9.2% reduction in shares by the New Jersey Common Pension Fund D, while Dimensional Fund Advisors LP and Capital World Investors increased holdings by 5.7% and 8.1%, respectively. Meanwhile, Director Greg Gates sold 1,500 shares, reducing his stake by 7.27%.

Analyst sentiment remained divided, with TD Cowen and Wall Street Zen downgrading the stock to “hold” and Barclays raising its price target to $463.00. Despite the mixed ratings, the stock maintained a “Moderate Buy” average rating with a consensus target of $383.58. Earnings results for the latest quarter showed a $4.51 per share profit, exceeding estimates by $0.30, and revenue grew 30.8% year-over-year to $3.84 billion. The firm also announced a $0.30 quarterly dividend, yielding 0.3% annually.

A backtest of a strategy buying the top 500 volume stocks and holding for one day from 2022 to 2025 showed a 0.98% average daily return, with a 31.52% total return over 365 days. The strategy performed best in June 2023 (7.02%) and worst in September 2022 (-4.20%), indicating moderate short-term momentum but significant volatility.