LPL Financial Appoints Matthew Morningstar as Chief Legal Officer
Written by Emily J. Thompson, Senior Investment Analyst
Source: Newsfilter
Updated: 45 minutes ago0mins
- Leadership Change: LPL Financial has appointed Matthew Morningstar as Group Managing Director and Chief Legal Officer, overseeing the Legal, Policy, and Community Impact teams to enhance the firm's overall legal compliance capabilities and strategic legal guidance.
- Extensive Legal Experience: Morningstar has held various leadership roles at LPL and served as Chief Counsel for Litigation and M&A at MetLife, where he led global strategy and execution, showcasing his client-centered approach to complex legal and risk challenges.
- Strengthening Company Culture: LPL CEO Rich Steinmeier noted that Morningstar's return not only bolsters the legal team but also enhances service quality to clients, further advancing public policy priorities within the firm.
- Industry Influence: As a member of the executive committee for SIFMA's Compliance and Legal Society, Morningstar's appointment will help LPL enhance its legal compliance and policy influence in the industry, promoting sustained growth in the wealth management sector.
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Analyst Views on LPLA
Wall Street analysts forecast LPLA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for LPLA is 427.92 USD with a low forecast of 380.00 USD and a high forecast of 475.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
15 Analyst Rating
11 Buy
4 Hold
0 Sell
Moderate Buy
Current: 369.180
Low
380.00
Averages
427.92
High
475.00
Current: 369.180
Low
380.00
Averages
427.92
High
475.00
TD Cowen
Hold
maintain
$356 -> $410
2025-11-03
Reason
TD Cowen
Price Target
$356 -> $410
2025-11-03
maintain
Hold
Reason
TD Cowen raised the firm's price target on LPL Financial to $410 from $356 and keeps a Hold rating on the shares. The firm raised its estimates following its expense led Q3 beat.
BofA
Buy
maintain
$463 -> $469
2025-11-03
Reason
BofA
Price Target
$463 -> $469
2025-11-03
maintain
Buy
Reason
BofA raised the firm's price target on LPL Financial to $469 from $463 and keeps a Buy rating on the shares after the company reported "a big profit beat," driven mainly by higher sales-based commissions. The firm, which notes that its increased target, implies 24% total return potential, cites LPL's "robust organic growth trajectory."
Keefe Bruyette
Outperform
maintain
$435 -> $455
2025-10-31
Reason
Keefe Bruyette
Price Target
$435 -> $455
2025-10-31
maintain
Outperform
Reason
Keefe Bruyette raised the firm's price target on LPL Financial to $455 from $435 and keeps an Outperform rating on the shares.
Barclays
Overweight
maintain
$411 -> $420
2025-10-31
Reason
Barclays
Price Target
$411 -> $420
2025-10-31
maintain
Overweight
Reason
Barclays raised the firm's price target on LPL Financial to $420 from $411 and keeps an Overweight rating on the shares post the Q3 report. The company's earnings beat consensus by 15%, driven by better than expected annuity sales and lower quality acquisition cost adjustments, the analyst tells investors in a research note.
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About LPLA
LPL Financial Holdings Inc. is an independent broker-dealer and an investment advisory firm. The Company offers an integrated platform of brokerage and investment advisory services to independent financial advisors and financial advisors at institutions in the United States. Through its comprehensive platform, it offers integrated technology solutions; brokerage and advisory platforms; clearing, compliance, business and planning and advice services; consultative practice management programs and training, and in-house research. Through its custody and clearing platform, using both proprietary and third-party technology, it offers access to diversified financial products and services, enabling its advisors to offer personalized financial advice and brokerage services to retail investors. Its products include alternative investments, annuities, exchange-traded products, insurance-based products, mutual funds, and retirement plan products. It also offers wealth management solutions.
About the author
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Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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