LPL Financial (NASDAQ:LPLA) Shares Acquired Rep. Gilbert Ray Cisneros, Jr.

Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently bought shares of LPL Financial Holdings Inc. (NASDAQ:LPLA). In a filing disclosed on May 08th, the Representative disclosed that they had bought between $1,001 and $15,000 in LPL Financial stock on May 1st. 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 Revvity (NYSE:RVTY) on 5/1/2026.
• Sold $1,001 – $15,000 in shares of Flex (NASDAQ:FLEX) on 5/1/2026.
• Purchased $1,001 – $15,000 in shares of FirstService (NASDAQ:FSV) on 5/1/2026.
• Sold $1,001 – $15,000 in shares of SS&C Technologies (NASDAQ:SSNC) on 5/1/2026.
• Purchased $1,001 – $15,000 in shares of Wayfair (NYSE:W) on 5/1/2026.
• Purchased $1,001 – $15,000 in shares of STERIS (NYSE:STE) on 5/1/2026.
• Purchased $1,001 – $15,000 in shares of DoorDash (NASDAQ:DASH) on 5/1/2026.
• Purchased $1,001 – $15,000 in shares of Sensata Technologies (NYSE:ST) on 5/1/2026.
• Purchased $1,001 – $15,000 in shares of Veralto (NYSE:VLTO) on 5/1/2026.
• Purchased $1,001 – $15,000 in shares of BridgeBio Pharma (NASDAQ:BBIO) on 4/29/2026.

LPL Financial Stock Up 1.7%

LPLA stock traded up $4.86 during mid-day trading on Tuesday, reaching $293.90. The company had a trading volume of 572,494 shares, compared to its average volume of 939,141. The company has a debt-to-equity ratio of 1.26, a current ratio of 2.56 and a quick ratio of 2.56. The stock has a 50 day simple moving average of $308.39 and a two-hundred day simple moving average of $341.94. The company has a market capitalization of $23.51 billion, a price-to-earnings ratio of 26.27, a PEG ratio of 0.63 and a beta of 0.57. LPL Financial Holdings Inc. has a 52 week low of $281.51 and a 52 week high of $403.58.

LPL Financial (NASDAQ:LPLA) last issued its earnings results on Thursday, April 30th. The financial services provider reported $5.60 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 company had revenue of $4.94 billion during the quarter, compared to the consensus estimate of $4.98 billion. During the same period in the previous year, the company posted $5.15 EPS. The firm’s revenue for the quarter was up 34.6% compared to the same quarter last year. As a group, equities analysts predict that LPL Financial Holdings Inc. will post 22.9 earnings per share for the current fiscal year.

LPL Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Thursday, May 21st will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Thursday, May 21st. LPL Financial’s dividend payout ratio (DPR) is currently 10.71%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Capital World Investors increased its holdings in LPL Financial by 15,960.1% in the 3rd quarter. Capital World Investors now owns 2,628,551 shares of the financial services provider’s stock valued at $874,493,000 after purchasing an additional 2,612,184 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in LPL Financial in the 4th quarter valued at approximately $450,493,000. M&T Bank Corp increased its holdings in LPL Financial by 27,955.5% in the 4th quarter. M&T Bank Corp now owns 1,141,019 shares of the financial services provider’s stock valued at $407,538,000 after purchasing an additional 1,136,952 shares during the last quarter. Norges Bank acquired a new stake in LPL Financial in the 4th quarter valued at approximately $371,616,000. Finally, Massachusetts Financial Services Co. MA increased its holdings in LPL Financial by 32.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,242,353 shares of the financial services provider’s stock valued at $1,078,698,000 after purchasing an additional 800,171 shares during the last quarter. 95.66% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Barclays lifted their price objective on LPL Financial from $369.00 to $412.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Wolfe Research set a $478.00 price objective on LPL Financial in a research report on Friday, January 30th. Jefferies Financial Group reduced their price target on LPL Financial from $464.00 to $383.00 and set a “buy” rating on the stock in a research report on Monday, April 6th. Morgan Stanley reduced their price target on LPL Financial from $447.00 to $374.00 and set an “overweight” rating on the stock in a research report on Friday, April 10th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of LPL Financial in a research report on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $398.86.

Insider Activity at LPL Financial

In related news, Director Marc Eliot Cohen sold 1,088 shares of the company’s stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $309.72, for a total transaction of $336,975.36. Following the sale, the director directly owned 4,400 shares of the company’s stock, valued at $1,362,768. This represents a 19.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Matthew J. Audette sold 1,110 shares of the business’s 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 completion of the transaction, the chief financial officer owned 19,803 shares of the company’s stock, valued at approximately $6,535,188.03. This trade represents a 5.31% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 8,569 shares of company stock worth $2,720,733. 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.