LPLA LPL Financial Holdings Inc. - Common Stock

NASDAQ · Financial Services · View on SEC EDGAR ↗
$367.84
Price · Aug 18, 2026
Fundamentals as of Aug 3, 2026
52W Range
$260–$400
77% of range
Analyst Rating
BUY
23 analysts
Price Target
$431
+17% upside
P/E (TTM)
32.7
ROE
16.6%
Net Profit Margin
5.1%

LPLA Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price
$367.83
Market Cap
—
P/E (TTM)
32.7
EPS (TTM)
$10.92
Revenue (TTM)
$16.99B
Div Yield
—
ROE
16.6%
Debt/Equity
—
52W Range
$260 – $400

LPLA Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Revenue & Net Income $16.99B
10-point trend, +319.6%
2016-12-31 → 2025-12-31
EPS $10.92
10-point trend, +412.7%
2016-12-31 → 2025-12-31
Free Cash Flow $-982M
10-point trend, -767.0%
2016-12-31 → 2025-12-31
Margins 5.1%

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric
5Y trend
LPLA
Peer Median
P/E (TTM)
5-point trend, +15.0%
32.7
18.4

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric
5Y trend
LPLA
Peer Median
Net Profit Margin
5-point trend, -14.8%
5.1%
10.8%
ROA
5-point trend, -13.8%
5.4%
2.4%
ROE
5-point trend, -40.8%
16.6%
18.5%

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric
5Y trend
LPLA
Peer Median

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric
5Y trend
LPLA
Peer Median
Revenue YoY
5-point trend, +120.0%
37.2%
—
Revenue CAGR 3Y
5-point trend, +120.0%
25.5%
—
Revenue CAGR 5Y
5-point trend, +120.0%
23.7%
—
EPS YoY
5-point trend, +94.0%
-22.2%
—
Net Income YoY
5-point trend, +87.7%
-18.5%
—

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric
5Y trend
LPLA
Peer Median
EPS (Diluted)
5-point trend, +94.0%
$10.92
—

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric
5Y trend
LPLA
Peer Median
Payout Ratio
5-point trend, -37.2%
10.9%
—

Dividends Yield, payout ratio, dividend history, 5Y CAGR

Dividend Yield
—
Payout Ratio
10.9%
5Y Div CAGR
—
Ex-dateAmount
Aug. 14, 2026$0.3000
May 21, 2026$0.3000
March 10, 2026$0.3000
Nov. 13, 2025$0.3000
Aug. 15, 2025$0.3000
May 30, 2025$0.3000
March 11, 2025$0.3000
Nov. 14, 2024$0.3000
Aug. 9, 2024$0.3000
May 20, 2024$0.3000
March 11, 2024$0.3000
Nov. 8, 2023$0.3000
Aug. 10, 2023$0.3000
May 17, 2023$0.3000
March 13, 2023$0.3000
Nov. 9, 2022$0.2500
Aug. 16, 2022$0.2500
June 8, 2022$0.2500
March 14, 2022$0.2500
Nov. 9, 2021$0.2500

LPLA Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

BUY 23 analysts
  • Strong Buy 7 30.4%
  • Buy 12 52.2%
  • Hold 4 17.4%
  • Sell 0 0.0%
  • Strong Sell 0 0.0%

12-Month Price Target

14 analysts · 2026-08-15
Median target $401.50 +9.2%
Mean target $430.86 +17.1%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Avg Surprise
0.35%
Period EPS Actual EPS Est Surprise
June 30, 2026 $5.84 $5.51 0.33%
March 31, 2026 $5.60 $5.60 0.00%
Dec. 31, 2025 $5.60 $5.03 0.57%
Sept. 30, 2025 $5.20 $4.57 0.63%
June 30, 2025 $4.51 $4.31 0.20%
March 31, 2025 $5.15 $4.76 0.39%

Peer comparison (GICS sub-industry) Key metrics vs sector peers

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
LPLA — 32.7 37.2% 5.1% 16.6% —
GS $260.60B 17.1 8.9% 29.5% 13.9% —
SCHW $207.21B 21.5 22.0% 37.0% 17.9% —
IBKR — 29.0 23.4% — — —
HOOD $101.94B 55.2 51.6% 42.1% 21.9% —
RJF $34.20B 16.8 6.6% 13.4% 17.7% —
SF — 14.2 6.7% 10.8% 11.7% —
JEF — 20.3 2.9% 6.3% 6.6% —
EVR — 24.2 29.5% 15.3% 31.7% —
FRHC $8.88B 57.7 9.3% 7.0% 11.3% —
VIRT — 6.5 26.2% 12.9% 58.4% —

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Income Statement 11
Annual Income Statement data for LPLA
Metric Trend 202520242023202220212020201920182017201620152014
Revenue 12-point trend, +288.4% $16.99B $12.39B $10.05B $8.60B $7.72B $5.87B $5.62B $5.19B $4.28B $4.05B $4.28B $4.37B
Operating Expenses 12-point trend, +293.7% $15.84B $10.99B $8.61B $7.49B $7.12B $5.25B $4.88B $4.47B $3.79B $3.66B $3.93B $4.02B
Interest Income 7-point trend, +398.0% $232M $188M $159M $77M $29M $29M $47M · · · · ·
Pretax Income 12-point trend, +290.1% $1.15B $1.39B $1.44B $1.11B $601M $626M $742M $593M $365M $298M $283M $295M
Income Tax 12-point trend, +145.6% $286M $334M $379M $266M $141M $153M $182M $153M $126M $106M $114M $117M
Net Income 12-point trend, +384.7% $863M $1.06B $1.07B $846M $460M $473M $560M $439M $239M $192M $169M $178M
EPS (Basic) 12-point trend, +516.3% $10.97 $14.17 $13.88 $10.60 $5.75 $5.96 $6.78 $4.99 $2.65 $2.15 $1.77 $1.78
EPS (Diluted) 12-point trend, +524.0% $10.92 $14.03 $13.69 $10.40 $5.63 $5.86 $6.62 $4.85 $2.59 $2.13 $1.74 $1.75
Shares (Basic) 12-point trend, -21.2% 78,681,000 74,713,000 76,807,000 79,801,000 80,002,000 79,244,000 82,552,000 88,119,000 90,002,000 89,072,000 95,273,000 99,847,000
Shares (Diluted) 12-point trend, -22.2% 79,061,000 75,427,000 77,861,000 81,285,000 81,742,000 80,702,000 84,624,000 90,619,000 92,115,000 90,013,000 96,786,000 101,651,000
EBITDA 12-point trend, +578.3% $393M $308M $247M $200M $151M $110M $96M $88M $84M $76M $73M $58M
Balance Sheet 18
Annual Balance Sheet data for LPLA
Metric Trend 202520242023202220212020201920182017201620152014
Cash & Equivalents 12-point trend, +151.6% $1.04B $967M $466M $848M $495M $809M $590M $511M $811M $748M $725M $412M
Short-term Investments 6-point trend, +115.4% $92M $57M $91M $53M $49M $42M · · · · · ·
PP&E (Net) 12-point trend, +558.1% $1.41B $1.21B $933M $780M $659M $583M $533M $461M $413M $387M $275M $214M
PP&E (Gross) 12-point trend, +531.2% $3.18B $2.59B $1.99B $1.60B $1.28B $1.07B $921M $770M $840M $743M $604M $503M
Accum. Depreciation 12-point trend, +511.3% $1.77B $1.38B $1.06B $817M $624M $490M $388M $308M $427M $356M $329M $289M
Goodwill 12-point trend, +93.6% $2.64B $2.17B $1.86B $1.64B $1.64B $1.51B $1.50B $1.49B $1.43B $1.37B $1.37B $1.37B
Intangibles 12-point trend, +673.3% $3.33B $1.48B $672M $428M $455M $397M $440M $484M $414M $354M $392M $431M
Total Assets 12-point trend, +357.5% $18.49B $13.32B $10.39B $9.48B $7.99B $6.60B $5.88B $5.48B $5.36B $4.83B $4.52B $4.04B
Deferred Tax 7-point trend, -100.0% · · · · · $0 $2M $18M $16M $26M $36M $66M
Total Liabilities 12-point trend, +328.2% $13.15B $10.39B $8.31B $7.31B $6.32B $5.28B $4.86B $4.50B $4.39B $4.01B $3.81B $3.07B
Long-term Debt 12-point trend, +346.6% $7.26B $5.49B $3.73B $2.72B $2.81B $2.35B $2.40B $2.37B $2.39B $2.18B $2.19B $1.63B
Total Debt · · · · · · · · · · · $1.63B
Common Stock 12-point trend, +15.3% $136.0K $131.0K $130.0K $130.0K $129.0K $127.0K $126.0K $125.0K $123.0K $120.0K $119.0K $118.0K
Retained Earnings 12-point trend, +1373.0% $5.84B $5.07B $4.09B $3.10B $2.33B $1.94B $1.55B $1.07B $718M $570M $469M $396M
Treasury Stock 12-point trend, +455.1% $4.33B $4.20B $3.99B $2.85B $2.50B $2.39B $2.23B $1.73B $1.31B $1.19B $1.17B $781M
AOCI 4-point trend, -100.0% · · · · · · · · $0 $315.0K $553.0K $937.0K
Stockholders' Equity 12-point trend, +450.1% $5.34B $2.93B $2.08B $2.17B $1.67B $1.31B $1.02B $974M $965M $821M $716M $972M
Liabilities + Equity 12-point trend, +357.5% $18.49B $13.32B $10.39B $9.48B $7.99B $6.60B $5.88B $5.48B $5.36B $4.83B $4.52B $4.04B
Cash Flow 17
Annual Cash Flow data for LPLA
Metric Trend 202520242023202220212020201920182017201620152014
D&A 12-point trend, +578.5% $393M $308M $247M $200M $151M $110M $96M $88M $84M $76M $73M $58M
Stock-based Comp 12-point trend, +187.8% $79M $92M $69M $53M $44M $34M $33M $29M $29M $25M $29M $28M
Deferred Tax 12-point trend, +319.6% $53M $-76M $-68M $-93M $18M $-24M $-19M $-2M $-9M $-12M $-30M $-24M
Amort. of Intangibles 12-point trend, +508.2% $237M $135M $107M $88M $79M $67M $65M $60M $38M $38M $38M $39M
Restructuring 4-point trend, -100.0% · · · · · · · · $0 $0 $12M $35M
Other Non-cash 12-point trend, -24627.0% $-1.80B $-1.11B $-801M $941M $-221M $197M $-46M $27M $102M $-6M $38M $-7M
Operating Cash Flow 12-point trend, -277.1% $-411M $278M $513M $1.95B $453M $790M $624M $582M $453M $389M $279M $232M
CapEx 12-point trend, +536.2% $570M $563M $403M $307M $216M $156M $156M $133M $112M $128M $73M $90M
Investing Cash Flow 12-point trend, -2462.6% $-2.39B $-1.59B $-860M $-376M $-459M $-187M $-181M $-162M $-438M $-127M $-75M $-93M
Net Debt Issued · · · · · $-11M · · · · · ·
Stock Issued 3-point trend, +1725000000.00 $1.73B $0 $0 · · · · · · · · ·
Stock Repurchased 12-point trend, -63.6% $100M $170M $1.10B $325M $90M $150M $500M $418M $114M $25M $391M $275M
Net Stock Activity 12-point trend, +690.7% $1.62B $-170M $-1.10B $-325M $-90M $-150M $-500M $-418M $-114M $-25M $-391M $-275M
Dividends Paid 12-point trend, -1.3% $94M $90M $92M $80M $80M $79M $83M $88M $90M $89M $96M $96M
Financing Cash Flow 12-point trend, +1402.0% $3.17B $1.42B $-209M $-504M $279M $-275M $-533M $-483M $51M $-127M $108M $-243M
Net Change in Cash 12-point trend, +455.6% $371M $103M $-556M $1.06B $273M $327M $-90M $-64M $67M $135M $312M $-104M
Free Cash Flow 12-point trend, -788.5% $-982M $-285M $109M $1.64B $237M $634M $467M $449M $332M $147M $207M $143M
Profitability 5
Annual Profitability data for LPLA
Metric Trend 202520242023202220212020201920182017201620152014
Net Margin 12-point trend, +24.8% 5.1% 8.6% 10.6% 9.8% 6.0% 8.1% 10.0% 8.5% 5.6% 4.7% 4.0% 4.1%
Pretax Margin 12-point trend, +0.4% 6.8% 11.2% 14.4% 12.9% 7.8% 10.7% 13.2% 11.4% 8.5% 7.3% 6.6% 6.7%
EBITDA Margin 12-point trend, +74.4% 2.3% 2.5% 2.5% 2.3% 2.0% 1.9% 1.7% 1.7% 2.0% 1.9% 1.7% 1.3%
ROA 12-point trend, +23.4% 5.4% 8.9% 10.7% 9.7% 6.3% 7.6% 9.9% 8.1% 4.7% 4.1% 3.9% 4.4%
ROE 12-point trend, -5.3% 16.6% 37.1% 51.1% 40.6% 28.0% 37.5% 54.8% 45.0% 25.1% 23.8% 20.3% 17.5%
Liquidity & Solvency 2
Annual Liquidity & Solvency data for LPLA
Metric Trend 202520242023202220212020201920182017201620152014
Debt / Equity · · · · · · · · · · · 1.7
LT Debt / Equity · · · · · · · · · · · 1.6
Efficiency 1
Annual Efficiency data for LPLA
Metric Trend 202520242023202220212020201920182017201620152014
Asset Turnover 12-point trend, -1.2% 1.1 1.0 1.0 1.0 1.1 0.9 1.0 1.0 0.8 0.9 1.0 1.1
Per Share 4
Annual Per Share data for LPLA
Metric Trend 202520242023202220212020201920182017201620152014
Revenue / Share 12-point trend, +399.4% $214.89 $164.20 $129.11 $105.81 $94.45 $72.76 $66.47 $57.26 $46.48 $44.99 $44.17 $43.03
Cash Flow / Share 12-point trend, -327.8% $-5.20 $3.68 $6.58 $23.94 $5.54 $9.79 $7.37 $6.42 $4.82 $3.05 $2.89 $2.28
Dividend Paid / Share 7-point trend, +20.0% $1 $1 $1 $1 $1 $1 $1 · · · · ·
EPS (TTM) 12-point trend, +524.0% $10.92 $14.03 $13.69 $10.40 $5.63 $5.86 $6.62 $4.85 $2.59 $2.13 $1.74 $1.75
Growth Rates 10
Annual Growth Rates data for LPLA
Metric Trend 202520242023202220212020201920182017201620152014
Revenue YoY 5-point trend, +18.1% 37.2% 23.2% 16.9% 11.4% 31.5% · · · · · · ·
Revenue CAGR 3Y 3-point trend, +29.8% 25.5% 17.1% 19.6% · · · · · · · · ·
Revenue CAGR 5Y 23.7% · · · · · · · · · · ·
EPS YoY 5-point trend, -465.6% -22.2% 2.5% 31.6% 84.7% -3.9% · · · · · · ·
EPS CAGR 3Y 3-point trend, -95.0% 1.6% 35.6% 32.7% · · · · · · · · ·
EPS CAGR 5Y 13.3% · · · · · · · · · · ·
Net Income YoY 5-point trend, -584.4% -18.5% -0.72% 26.1% 83.9% -2.7% · · · · · · ·
Net Income CAGR 3Y 3-point trend, -97.8% 0.68% 32.0% 31.1% · · · · · · · · ·
Net Income CAGR 5Y 12.8% · · · · · · · · · · ·
Dividend CAGR 5Y 3.6% · · · · · · · · · · ·
Valuation (TTM) 6
Annual Valuation (TTM) data for LPLA
Metric Trend 202520242023202220212020201920182017201620152014
Revenue TTM 12-point trend, +288.4% $16.99B $12.39B $10.05B $8.60B $7.72B $5.87B $5.62B $5.19B $4.28B $4.05B $4.28B $4.37B
Net Income TTM 12-point trend, +384.7% $863M $1.06B $1.07B $846M $460M $473M $560M $439M $239M $192M $169M $178M
P/E 12-point trend, +28.5% 32.7 23.3 16.6 20.8 28.4 17.8 13.9 12.6 22.1 16.5 24.5 25.5
Earnings Yield 12-point trend, -22.1% 3.1% 4.3% 6.0% 4.8% 3.5% 5.6% 7.2% 7.9% 4.5% 6.0% 4.1% 3.9%
Payout Ratio 12-point trend, -79.6% 10.9% 8.5% 8.6% 9.4% 17.4% 16.7% 14.8% 20.1% 37.8% 46.4% 56.8% 53.7%
Annual Payout 12-point trend, -1.3% $94M $90M $92M $80M $80M $79M $83M $88M $90M $89M $96M $96M

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Income Statement
2025-12-312024-12-312023-12-312022-12-312021-12-31
Revenue $16.99B$12.39B$10.05B$8.60B$7.72B
Net Income $863M$1.06B$1.07B$846M$460M
Diluted EPS $10.92$14.03$13.69$10.40$5.63
Cash Flow
2025-12-312024-12-312023-12-312022-12-312021-12-31
Free Cash Flow $-982M$-285M$109M$1.64B$237M

Latest News Recent headlines mentioning this company

Trading Signals Recent buy/sell signals with entry price and risk/reward ratio

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Institutional owners (13F) 841 filers · $14.6B total · As of June 30, 2026

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
106 (+3 vs prior Q) 83 (-46 vs prior Q) 248 (-19 vs prior Q) 287 (+17 vs prior Q) +13.6M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
Dodge & Cox $1,289,722,301 4,578,679 8.81% Shares
VANGUARD PORTFOLIO MANAGEMENT LLC $1,079,399,168 3,832,005 7.38% Shares
VANGUARD CAPITAL MANAGEMENT LLC $1,017,885,608 3,613,624 6.96% Shares
Capital World Investors $660,051,167 2,343,266 4.51% Shares
STATE STREET CORP $544,836,442 1,934,239 3.72% Shares
WCM INVESTMENT MANAGEMENT, LLC $487,340,050 1,810,058 3.33% Shares
ALLIANCEBERNSTEIN L.P. $416,877,880 1,385,759 2.85% Shares
GOLDMAN SACHS GROUP INC $362,995,156 1,288,679 2.48% Shares
GEODE CAPITAL MANAGEMENT, LLC $362,526,178 1,291,279 2.48% Shares
LONE PINE CAPITAL LLC $343,395,806 1,219,099 2.35% Shares
SurgoCap Partners LP $299,487,246 1,063,218 2.05% Shares
NORGES BANK $297,038,039 1,054,523 2.03% Shares
DARLINGTON PARTNERS CAPITAL MANAGEMENT, LP $279,709,930 993,006 1.91% Shares
VAN ECK ASSOCIATES CORP $267,796,274 950,711 1.83% Shares
SAMLYN CAPITAL, LLC $249,100,328 884,338 1.70% Shares
FMR LLC $243,398,378 864,096 1.66% Shares
WESTFIELD CAPITAL MANAGEMENT CO LP $223,389,290 793,061 1.53% Shares
Assenagon Asset Management S.A. $210,439,184 747,086 1.44% Shares
DIMENSIONAL FUND ADVISORS LP $190,101,823 674,886 1.30% Shares
Boston Partners $157,376,020 558,705 1.08% Shares
CITADEL ADVISORS LLC $155,800,870 553,113 1.06% Shares
Azora Capital LP $148,126,217 525,867 1.01% Shares
VANGUARD FIDUCIARY TRUST CO $143,675,673 510,067 0.98% Shares
Point72 Asset Management, L.P. $142,908,940 507,345 0.98% Shares
Holocene Advisors, LP $130,271,085 462,479 0.89% Shares
TD Asset Management Inc $129,959,828 461,374 0.89% Shares
BNP PARIBAS FINANCIAL MARKETS $126,294,326 448,361 0.86% Shares
Epoch Investment Partners, Inc. $124,469,040 441,881 0.85% Shares
VICTORY CAPITAL MANAGEMENT INC $119,392,603 423,859 0.82% Shares
Castle Hook Partners LP $114,620,099 406,916 0.78% Shares
FAIRVIEW CAPITAL INVESTMENT MANAGEMENT, LLC $107,872,615 382,961 0.74% Shares
APG Asset Management N.V. $107,719,133 437,217 0.74% Shares
FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ $98,376,177 349,248 0.67% Shares
Qube Research & Technologies Ltd $97,038,760 344,500 0.66% Shares
First Pacific Advisors, LP $90,488,010 321,244 0.62% Shares
Prana Capital Management, LP $89,826,625 318,896 0.61% Shares
KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC $87,161,369 309,434 0.60% Shares
ENVESTNET ASSET MANAGEMENT INC $81,722,262 290,125 0.56% Shares
ADAGE CAPITAL PARTNERS GP, L.L.C. $81,405,520 289,000 0.56% Shares
AMERICAN CENTURY COMPANIES INC $79,613,473 282,638 0.54% Shares
JANE STREET GROUP, LLC $78,492,385 278,658 0.54% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $71,255,181 252,965 0.49% Shares
Heron Bay Capital Management $66,267,683 235,259 0.45% Shares
Caisse de depot et placement du Quebec $65,312,297 231,867 0.45% Shares
SCS Capital Management LLC $60,141,883 213,511 0.41% Shares
MILLENNIUM MANAGEMENT LLC $58,070,867 206,159 0.40% Shares
RAYMOND JAMES FINANCIAL INC $55,469,839 196,925 0.38% Shares
Capricorn Fund Managers Ltd $54,874,644 194,812 0.37% Shares
GILDER GAGNON HOWE & CO LLC $54,374,662 193,037 0.37% Shares
Longaeva Partners L.P. $52,575,572 186,650 0.36% Shares
BANK OF AMERICA CORP /DE/ $50,284,669 178,517 0.34% Shares
Freestone Grove Partners LP $50,173,687 178,123 0.34% Shares
Sumitomo Mitsui Trust Group, Inc. $47,222,807 167,647 0.32% Shares
Balyasny Asset Management L.P. $45,531,037 161,641 0.31% Shares
National Pension Service $45,437,519 161,309 0.31% Shares
GOLDENTREE ASSET MANAGEMENT LP $43,727,466 155,495 0.30% Shares
Alyeska Investment Group, L.P. $43,666,879 155,023 0.30% Shares
VANGUARD ASSET MANAGEMENT, Ltd $43,246,612 153,531 0.30% Shares
RENAISSANCE TECHNOLOGIES LLC $42,719,589 151,660 0.29% Shares
LPL Financial LLC $41,183,870 146,208 0.28% Shares
Solel Partners LP $38,590,160 137,000 0.26% Shares
Hudson Bay Capital Management LP $38,458,897 136,534 0.26% Shares
BlackRock, Inc. $38,404,533 136,341 0.26% Shares
BROWN BROTHERS HARRIMAN & CO $36,978,387 131,278 0.25% Shares
Diamond Hill Capital Management, LLC (Investment Advisor) $36,453,054 129,413 0.25% Shares
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM $35,310,222 117,376 0.24% Shares
Perpetual Ltd $34,091,730 121,030 0.23% Shares
HMI Capital Management, L.P. $33,407,248 118,600 0.23% Shares
UBS Group AG $32,421,650 115,101 0.22% Shares
BAMCO INC /NY/ $32,174,616 114,224 0.22% Shares
TORONTO DOMINION BANK $31,352,392 111,305 0.21% Shares
BARCLAYS PLC $31,300,281 111,120 0.21% Shares
Schonfeld Strategic Advisors LLC $30,723,681 109,073 0.21% Shares
Interval Partners, LP $30,598,335 108,628 0.21% Shares
California Public Employees Retirement System $30,247,643 107,383 0.21% Shares
WELLS FARGO & COMPANY/MN $27,812,750 98,739 0.19% Shares
Mitsubishi UFJ Asset Management Co., Ltd. $26,860,160 95,357 0.18% Shares
DISCOVERY CAPITAL MANAGEMENT, LLC / CT $26,337,080 93,500 0.18% Shares
RHUMBLINE ADVISERS $26,054,484 92,497 0.18% Shares
SummitTX Capital, L.P. $25,298,244 89,812 0.17% Shares
Cander Asset Management LP $24,798,262 88,037 0.17% Shares
Champlain Investment Partners, LLC $24,256,873 86,115 0.17% Shares
Ensign Peak Advisors, Inc $24,236,592 86,043 0.17% Shares
MARSHALL WACE, LLP $23,773,511 84,399 0.16% Shares
MILLENNIUM MANAGEMENT LLC $23,407,608 83,100 0.16% Call option
WELLINGTON MANAGEMENT GROUP LLP $21,876,677 77,665 0.15% Shares
Clarkston Capital Partners, LLC $21,548,238 76,499 0.15% Shares
FAMILY WEALTH PARTNERS, LLC $21,518,653 71,531 0.15% Shares
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC $21,136,617 70,261 0.14% Shares
TRILLIUM ASSET MANAGEMENT, LLC $20,215,719 71,767 0.14% Shares
NOMURA ASSET MANAGEMENT INTERNATIONAL INC. $20,042,000 71,153 0.14% Shares
STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM $19,797,597 70,284 0.14% Shares
AVIVA PLC $19,525,776 69,319 0.13% Shares
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND $18,590,880 66,000 0.13% Shares
Focus Partners Advisor Solutions, LLC $18,152,569 64,443 0.12% Shares
Mawer Investment Management Ltd. $18,095,968 64,243 0.12% Shares
ROYAL LONDON ASSET MANAGEMENT LTD $17,945,832 63,710 0.12% Shares
BARROW HANLEY MEWHINNEY & STRAUSS LLC $17,221,915 61,140 0.12% Shares
Hiddenite Capital Partners LP $16,900,800 60,000 0.12% Shares
Foster Victor Wealth Advisors, LLC $16,853,795 52,447 0.12% Shares

Company insiders 64 insiders · 15 officers · 9 directors

Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Becky S Shulman MD & Deputy CFO Sept. 28, 2011 P — 0 0 $0
William E Dwyer III President, Nat'l Sales Feb. 22, 2013 A 772,977 0 0 $0
Esther M Stearns President & COO Feb. 22, 2012 M 616,926 0 0 $0
Matthew Enyedi Group Managing Director July 31, 2026 S 13,121 0 5 $-352,718
Aneri Jambusaria Group Managing Director June 17, 2026 S 6,415 0 2 $-123,148
Marc Eliot Cohen Group Managing Director June 12, 2026 F 4,356 0 0 $0
Greg Gates Group Managing Director June 12, 2026 F 20,532 0 18 $-507,310
John J. Mcdermott MD, Chief Risk Ofc. Feb. 22, 2013 A 1,780 0 0 $0
Stephanie L Brown MD & General Counsel Feb. 22, 2013 A 545,788 0 0 $0
Christopher Feeney MD, Chief Information Officer Dec. 6, 2012 M 0 0 0 $0
Jonathan Eaton MD, Custom Clearing Services April 30, 2012 S 199,109 0 0 $0
Denise M. Abood MD, Human Capital Dec. 22, 2010 P 39,134 0 0 $0
Steven M. Black Mng Dir., Chief Risk Officer Dec. 31, 2008 J — 0 0 $0
Bill Maher Managing Director Dec. 28, 2008 M 100 0 0 $0
Joseph P Tuorto Mng Dir, Head of Compliance Feb. 5, 2008 A — 0 0 $0
James S Putnam Director Aug. 3, 2026 G 135,290 0 0 $0
Corey E. Thomas Director June 4, 2026 A 14,908 0 0 $0
Allison Mnookin Director June 4, 2026 A 11,761 0 0 $0
William Francis Glavin Jr Director June 4, 2026 A 24,064 0 0 $0
Richard P Schifter Director June 4, 2026 A 39,178 0 0 $0
Edward C Bernard Director June 4, 2026 A 16,259 0 0 $0
Paulett Eberhart Director June 4, 2026 A 17,760 0 0 $0
Jeffrey A Goldstein Director Feb. 22, 2013 A 1,582 0 0 $0
Erik D. Ragatz Director Dec. 1, 2011 A 3,180 0 0 $0
Katharine Reeping — Sept. 9, 2025 F 1,972 0 0 $0
Emily Field — Sept. 5, 2025 A 817 0 0 $0
Albert J Ko — May 23, 2025 A 2,566 0 0 $0
Anne M Mulcahy — May 23, 2025 A 36,371 0 0 $0
Matthew J Audette — Feb. 26, 2025 S 16,538 0 0 $0
Sara Dadyar — Feb. 25, 2025 A 1,797 0 0 $0
Althea Brown — Feb. 25, 2025 A 6,711 0 0 $0
Richard Steinmeier — Feb. 25, 2025 A 31,439 0 0 $0
Dan H. Arnold — June 14, 2024 M 142,608 0 0 $0
Kabir Sethi — Feb. 26, 2024 S 10,245 0 0 $0
Sallie R. Larsen — Nov. 10, 2023 M 25,196 0 0 $0
Michelle Oroschakoff — Feb. 27, 2023 S 23,852 0 0 $0
Brent Simonich — Feb. 25, 2023 A 6,773 0 0 $0
Dayton Semerjian — Feb. 25, 2023 F 19,118 0 0 $0
Edward Fandrey — Feb. 28, 2022 S 15,289 0 0 $0
George Burton White — Feb. 25, 2022 F 49,578 0 0 $0
Scott Seese — June 14, 2021 M 24,179 0 0 $0
John Andrew Kalbaugh — Feb. 26, 2021 S 27,523 0 0 $0
James S Riepe — March 31, 2020 A 95,258 0 0 $0
Tracy Calder — Nov. 25, 2019 M 8,089 0 0 $0
Thomas Gooley — March 14, 2019 M 17,293 0 0 $0
Viet D Dinh — Aug. 23, 2018 A 17,364 0 0 $0
William P. Morrissey Jr. — March 13, 2018 F 18,091 0 0 $0
Marco W. Hellman — March 6, 2018 S 492,390 0 0 $0
John Joseph Brennan — March 24, 2017 A 45,883 0 0 $0
David P. Bergers — March 13, 2017 A 43,382 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

Activists & 5%+ owners 1 position

Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.

Filer Filed Stake Status Purpose Filing
MARCATO CAPITAL MANAGEMENT LP, RICHARD T. MCGUIRE III, MARCATO, L.P., MARCATO II, L.P., MARCATO INTERNATIONAL MASTER FUND, LTD. ×3 filings Jan. 14, 2016 — Initial filing — SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

ETF ownership Held by 126 ETFs

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
KBWR · Invesco Exchange-Traded Fund Trust … 3.86% 7,208 NS May 31, 2026 N-PORT
KMID · Virtus ETF Trust II 2.94% 3,870 NS April 30, 2026 N-PORT
GRW · TCW ETF Trust 2.72% 5,836 NS April 30, 2026 N-PORT
AMID · EA Series Trust 2.61% 10,010 NS May 29, 2026 N-PORT
IAI · iShares Trust 2.57% 97,058 SH Aug. 8, 2026 Daily
EQRR · ProShares Trust 1.60% 3,630 NS May 31, 2026 N-PORT
SOVF · Elevation Series Trust 1.10% 3,090 NS April 30, 2026 N-PORT
ABCS · EA Series Trust 1.00% 415 NS May 29, 2026 N-PORT
MFSV · MFS Active Exchange Traded Funds Tr… 0.87% 15,145 NS May 31, 2026 N-PORT
FFND · Northern Lights Fund Trust II 0.72% 2,702 NS May 31, 2026 N-PORT
LCLG · Advisors Series Trust 0.71% 2,149 NS April 30, 2026 N-PORT
CGMM · Capital Group Equity ETF Trust I 0.71% 71,972 NS May 31, 2026 N-PORT
AVMV · AMERICAN CENTURY ETF TRUST 0.56% 12,671 NS May 31, 2026 N-PORT
MMID · MFS Active Exchange Traded Funds Tr… 0.53% 665 NS May 31, 2026 N-PORT
VOT · VANGUARD INDEX FUNDS 0.49% 612,719 SH Aug. 8, 2026 Daily
IYF · iShares Trust 0.43% 52,810 SH Aug. 8, 2026 Daily
IYG · iShares Trust 0.39% 24,033 SH Aug. 8, 2026 Daily
IMCG · iShares Trust 0.37% 41,861 SH Aug. 8, 2026 Daily
BSCU · Invesco Exchange-Traded Self-Indexe… 0.34% 8,945,000 Aug. 8, 2026 Daily
FXO · First Trust Exchange-Traded AlphaDE… 0.33% 10,592 NS April 30, 2026 N-PORT
FNCL · FIDELITY COVINGTON TRUST 0.32% 20,991 NS April 30, 2026 N-PORT
BSCS · Invesco Exchange-Traded Self-Indexe… 0.30% 10,344,000 Aug. 8, 2026 Daily
IWP · iShares Trust 0.29% 164,604 SH Aug. 8, 2026 Daily
AVLV · AMERICAN CENTURY ETF TRUST 0.28% 131,984 NS May 31, 2026 N-PORT
AVMC · AMERICAN CENTURY ETF TRUST 0.26% 3,918 NS May 31, 2026 N-PORT
VFH · VANGUARD WORLD FUND 0.26% 130,637 SH Aug. 8, 2026 Daily
VXF · VANGUARD INDEX FUNDS 0.25% 917,868 SH Aug. 8, 2026 Daily
AVUQ · AMERICAN CENTURY ETF TRUST 0.24% 2,216 NS May 31, 2026 N-PORT
SIZE · iShares Trust 0.23% 2,797 SH Aug. 8, 2026 Daily
DFVE · DoubleLine ETF Trust 0.23% 208 NS March 31, 2026 N-PORT
GARP · iShares Trust 0.22% 17,617 SH Aug. 8, 2026 Daily
EUSA · iShares, Inc. 0.22% 11,842 SH Aug. 8, 2026 Daily
WINN · Harbor ETF Trust 0.22% 7,242 NS April 30, 2026 N-PORT
VO · VANGUARD INDEX FUNDS 0.22% 1,733,256 SH Aug. 8, 2026 Daily
IWR · iShares Trust 0.21% 325,942 SH Aug. 8, 2026 Daily
IMCB · iShares Trust 0.19% 8,841 SH Aug. 8, 2026 Daily
FTA · First Trust Exchange-Traded AlphaDE… 0.19% 7,304 NS April 30, 2026 N-PORT
IWS · iShares Trust 0.18% 77,911 SH Aug. 8, 2026 Daily
AOTG · EA Series Trust 0.17% 660 NS May 29, 2026 N-PORT
DFSU · Dimensional ETF Trust 0.17% 10,468 NS April 30, 2026 N-PORT
DFVX · Dimensional ETF Trust 0.17% 2,408 NS April 30, 2026 N-PORT
GSEW · Goldman Sachs ETF Trust 0.16% 10,638 NS May 31, 2026 N-PORT
BSCR · Invesco Exchange-Traded Self-Indexe… 0.11% 5,148,000 Aug. 8, 2026 Daily
USXF · iShares Trust 0.11% 4,678 SH Aug. 8, 2026 Daily
DFAC · Dimensional ETF Trust 0.11% 147,511 NS April 30, 2026 N-PORT
DEUS · DBX ETF Trust 0.11% 1,069 NS May 29, 2026 N-PORT
DXUV · Dimensional ETF Trust 0.11% 1,271 NS April 30, 2026 N-PORT
DUHP · Dimensional ETF Trust 0.10% 34,476 NS April 30, 2026 N-PORT
AVLC · AMERICAN CENTURY ETF TRUST 0.10% 4,482 NS May 31, 2026 N-PORT
PFIG · Invesco Exchange-Traded Fund Trust … 0.10% 110,000 Aug. 8, 2026 Daily