Rep. Gilbert Ray Cisneros, Jr. Buys LPL Financial Holdings Inc. (NASDAQ:LPLA) Shares

Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently bought shares of LPL Financial Holdings Inc. (NASDAQ:LPLA). In a filing disclosed on June 08th, the Representative disclosed that they had bought between $1,001 and $15,000 in LPL Financial stock on May 12th. The trade occurred in the Representative’s “150 MAIN STREET TRUST > BANK OF AMERICA” account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of SoftBank Group (OTCMKTS:SFTBF) on 6/2/2026.
• Purchased $1,001 – $15,000 in shares of Ciena (NYSE:CIEN) on 5/29/2026.
• Sold $1,001 – $15,000 in shares of AutoZone (NYSE:AZO) on 5/29/2026.
• Purchased $1,001 – $15,000 in shares of Independent Bank (NASDAQ:INDB) on 5/29/2026.
• Purchased $1,001 – $15,000 in shares of Arcutis Biotherapeutics (NASDAQ:ARQT) on 5/29/2026.
• Purchased $1,001 – $15,000 in shares of HealthEquity (NASDAQ:HQY) on 5/29/2026.
• Purchased $1,001 – $15,000 in shares of Boston Scientific (NYSE:BSX) on 5/29/2026.
• Purchased $1,001 – $15,000 in shares of Perella Weinberg Partners (NASDAQ:PWP) on 5/29/2026.
• Purchased $1,001 – $15,000 in shares of Cooper Companies (NASDAQ:COO) on 5/29/2026.
• Purchased $1,001 – $15,000 in shares of Ligand Pharmaceuticals (NASDAQ:LGND) on 5/29/2026.

LPL Financial Stock Up 0.3%

Shares of NASDAQ:LPLA opened at $289.18 on Thursday. LPL Financial Holdings Inc. has a 52-week low of $260.15 and a 52-week high of $403.58. The firm has a market capitalization of $23.13 billion, a P/E ratio of 25.82, a P/E/G ratio of 0.59 and a beta of 0.50. The stock has a 50 day moving average price of $302.00 and a 200-day moving average price of $330.38. The company has a debt-to-equity ratio of 1.26, a quick ratio of 2.56 and a current ratio of 2.56.

LPL Financial (NASDAQ:LPLA) last announced its earnings results on Thursday, April 30th. The financial services provider reported $5.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.49 by $0.11. LPL Financial had a return on equity of 31.26% and a net margin of 4.93%.The firm had revenue of $4.94 billion during the quarter, compared to analyst estimates of $4.98 billion. During the same quarter in the prior year, the company earned $5.15 EPS. The business’s revenue was up 34.6% compared to the same quarter last year. As a group, equities research analysts anticipate that LPL Financial Holdings Inc. will post 22.98 EPS for the current fiscal year.

LPL Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 21st were given a $0.30 dividend. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $1.20 annualized dividend and a dividend yield of 0.4%. LPL Financial’s dividend payout ratio is currently 10.71%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on LPLA shares. Keefe, Bruyette & Woods started coverage on LPL Financial in a research report on Wednesday, April 8th. They set an “outperform” rating and a $350.00 price objective for the company. Citizens Jmp reaffirmed a “market outperform” rating and set a $500.00 price objective on shares of LPL Financial in a research report on Monday, April 6th. Morgan Stanley reduced their price objective on LPL Financial from $447.00 to $374.00 and set an “overweight” rating for the company in a research report on Friday, April 10th. Barclays raised their price objective on LPL Financial from $369.00 to $412.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of LPL Financial in a research report on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, LPL Financial has a consensus rating of “Moderate Buy” and an average price target of $398.86.

Institutional Trading of LPL Financial

Institutional investors have recently added to or reduced their stakes in the business. Osterweis Capital Management Inc. purchased a new stake in LPL Financial during the 2nd quarter valued at $26,000. Clearstead Advisors LLC boosted its stake in LPL Financial by 3,650.0% during the 4th quarter. Clearstead Advisors LLC now owns 75 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 73 shares during the last quarter. Steigerwald Gordon & Koch Inc. boosted its stake in LPL Financial by 550.0% during the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 78 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 66 shares during the last quarter. Core Wealth Advisors LLC purchased a new stake in LPL Financial during the 4th quarter valued at $36,000. Finally, Physician Wealth Advisors Inc. boosted its stake in LPL Financial by 580.0% during the 1st quarter. Physician Wealth Advisors Inc. now owns 136 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 116 shares during the last quarter. 95.66% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other LPL Financial news, CFO Matthew J. Audette sold 1,110 shares of the stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $330.01, for a total transaction of $366,311.10. Following the sale, the chief financial officer directly owned 19,803 shares in the company, valued at approximately $6,535,188.03. This trade represents a 5.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.60% of the company’s stock.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California’s 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California’s 31st Congressional District. He declared candidacy for the 2026 election.

Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor’s degree in political science from George Washington University in 1994, a master’s in business administration from Regis University in 2002, and a master’s degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

LPL Financial Company Profile

LPL Financial (NASDAQ: LPLA) is a U.S.-focused financial services firm that provides brokerage, custodial and advisory platforms to independent financial advisors, registered investment advisers and institutions. Operating primarily as an independent broker-dealer and custodian, the company supports a network of advisors with the operational, compliance and clearing infrastructure needed to manage client accounts and deliver investment advice outside of traditional wirehouse models.

The firm’s product and service offerings include trade execution and clearing, custody services, retirement plan services, model portfolio and advisory platforms, wealth management technology, investment research and product access across equities, fixed income, mutual funds, exchange-traded funds and insurance and annuity solutions.