Matthew J. Audette, who serves as president and chief financial officer at LPL Financial Holdings Inc. (NASDAQ: LPLA), completed a block of stock sales on February 26, 2026, disposing of 1,581 shares of the company's common stock for an aggregate amount near $506,715. The trades were carried out in a sequence of transactions at prices that ranged between $318.51 and $322.15 per share.
Those sales were reported on a Form 4 filed with the Securities and Exchange Commission. The filing also shows that Audette sold an additional 2,351 shares at $318.47 per share to satisfy tax obligations, representing a value of $748,722. In the same reporting period, the filing records that he received 2,152 shares and 6,624 shares of common stock at no cost.
After accounting for these movements, Audette is listed as directly owning 21,382 shares of LPL Financial. The sales executed on February 26 were carried out under a Rule 10b5-1 trading plan that Audette adopted on August 14, 2025.
On the company metrics side, LPL Financial is described as a $24.05 billion financial services firm with a price-to-earnings ratio of 27.31. An InvestingPro analysis referenced in the filing indicates that LPL appears undervalued relative to its Fair Value assessment.
Separately, LPL reported fourth-quarter 2025 results that exceeded Wall Street expectations. The company posted adjusted earnings per share of $5.23, beating the $4.94 estimate, and reported revenue of $4.93 billion versus a forecast of $4.91 billion. These results prompted analysts to revise their price targets upward: Citizens increased its target to $500 from $475, and Jefferies raised its target to $464 from $440 while maintaining a Buy rating and noting progress in the company’s Commonwealth transaction.
In strategic activity, LPL announced a partnership with Simplicity Group that will take effect in May 2026. Under the agreement, Simplicity will become the preferred Brokerage General Agency for LPL, a move intended to provide the firm’s advisors with enhanced insurance technology and resources.
Market commentary included in the broader disclosure highlights sector-level concerns about AI-driven disruption in wealth management - a pressure point mentioned alongside peers such as UBS Group AG. Nonetheless, the company’s recent earnings outperformance, analyst upgrades, and the Simplicity partnership are cited as factors continuing to attract analyst support and investor attention.
For investors seeking additional valuation and financial-detail context, a comprehensive Pro Research Report on LPL Financial is available through InvestingPro.
Article note: The transactions described above come from the company's regulatory filing and public financial disclosures. The Form 4 specifies the timing, amounts and the fact that the sales were conducted pursuant to an established Rule 10b5-1 trading arrangement.