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

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%

LPLA stock opened at $289.18 on Thursday. LPL Financial Holdings Inc. has a 1-year low of $260.15 and a 1-year high of $403.58. The business has a fifty 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 current ratio of 2.56 and a quick ratio of 2.56. The stock 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.

LPL Financial (NASDAQ:LPLA) last posted its quarterly earnings results on Thursday, April 30th. The financial services provider reported $5.60 earnings per share 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 analysts’ expectations of $4.98 billion. During the same quarter in the previous year, the business earned $5.15 earnings per share. The company’s revenue was up 34.6% on a year-over-year basis. Equities analysts forecast that LPL Financial Holdings Inc. will post 22.98 earnings per share for the current fiscal year.

LPL Financial Dividend Announcement

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

Insiders Place Their Bets

In other LPL Financial news, CFO Matthew J. Audette sold 1,110 shares of the stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $330.01, for a total value of $366,311.10. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.60% of the company’s stock.

Hedge Funds Weigh In On LPL Financial

Several institutional investors have recently made changes to their positions in the business. Stratos Investment Management LLC raised its position in LPL Financial by 4.2% in the third quarter. Stratos Investment Management LLC now owns 715 shares of the financial services provider’s stock worth $238,000 after acquiring an additional 29 shares during the period. Goldstein Advisors LLC raised its position in LPL Financial by 4.8% in the fourth quarter. Goldstein Advisors LLC now owns 634 shares of the financial services provider’s stock worth $226,000 after acquiring an additional 29 shares during the period. Frank Rimerman Advisors LLC raised its position in LPL Financial by 4.1% in the fourth quarter. Frank Rimerman Advisors LLC now owns 785 shares of the financial services provider’s stock worth $280,000 after acquiring an additional 31 shares during the period. Coastal Bridge Advisors LLC raised its position in LPL Financial by 0.6% in the fourth quarter. Coastal Bridge Advisors LLC now owns 5,475 shares of the financial services provider’s stock worth $1,956,000 after acquiring an additional 31 shares during the period. Finally, Natural Investments LLC raised its position in LPL Financial by 4.8% in the fourth quarter. Natural Investments LLC now owns 727 shares of the financial services provider’s stock worth $259,000 after acquiring an additional 33 shares during the period. Institutional investors own 95.66% of the company’s stock.

Wall Street Analyst Weigh In

LPLA has been the subject of several recent analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of LPL Financial in a research note on Monday, April 27th. JPMorgan Chase & Co. decreased their price target on LPL Financial from $396.00 to $390.00 and set an “overweight” rating for the company in a research note on Friday, May 1st. Jefferies Financial Group decreased their price target on LPL Financial from $464.00 to $383.00 and set a “buy” rating for the company in a research note on Monday, April 6th. Barclays boosted their price target on LPL Financial from $369.00 to $412.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Finally, Citizens Jmp restated a “market outperform” rating and issued a $500.00 price target on shares of LPL Financial in a research note on Monday, April 6th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $398.86.

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.