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 May 08th, the Representative disclosed that they had bought between $1,001 and $15,000 in LPL Financial stock on April 6th. 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 LPL Financial (NASDAQ:LPLA) 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.

LPL Financial Stock Up 0.5%

NASDAQ:LPLA traded up $1.52 during mid-day trading on Friday, hitting $299.73. 565,986 shares of the company’s stock traded hands, compared to its average volume of 830,296. The company has a fifty day moving average of $307.77 and a 200 day moving average of $340.78. The company has a market capitalization of $23.97 billion, a P/E ratio of 26.76, a P/E/G ratio of 0.61 and a beta of 0.57. LPL Financial Holdings Inc. has a twelve month low of $281.51 and a twelve month high of $403.58. 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 posted its quarterly earnings data 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 net margin of 4.93% and a return on equity of 31.26%. The business 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 firm posted $5.15 earnings per share. The business’s revenue for the quarter was up 34.6% compared to the same quarter last year. On average, analysts forecast that LPL Financial Holdings Inc. will post 22.98 EPS for the current year.

LPL Financial Dividend Announcement

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

Institutional Investors Weigh In On LPL Financial

Hedge funds have recently added to or reduced their stakes in the business. Stratos Investment Management LLC raised its stake in shares of LPL Financial by 4.2% in the third quarter. Stratos Investment Management LLC now owns 715 shares of the financial services provider’s stock valued at $238,000 after acquiring an additional 29 shares in the last quarter. Goldstein Advisors LLC grew its stake in LPL Financial by 4.8% during the 4th quarter. Goldstein Advisors LLC now owns 634 shares of the financial services provider’s stock worth $226,000 after purchasing an additional 29 shares in the last quarter. Frank Rimerman Advisors LLC increased its holdings in LPL Financial by 4.1% during the 4th quarter. Frank Rimerman Advisors LLC now owns 785 shares of the financial services provider’s stock worth $280,000 after purchasing an additional 31 shares during the period. Coastal Bridge Advisors LLC raised its position in LPL Financial by 0.6% in the 4th quarter. Coastal Bridge Advisors LLC now owns 5,475 shares of the financial services provider’s stock valued at $1,956,000 after purchasing an additional 31 shares in the last quarter. Finally, Natural Investments LLC boosted its stake in shares of LPL Financial by 4.8% in the 4th quarter. Natural Investments LLC now owns 727 shares of the financial services provider’s stock valued at $259,000 after buying an additional 33 shares during the period. 95.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of LPL Financial in a report on Monday, April 27th. TD Cowen cut their price objective on shares of LPL Financial from $330.00 to $326.00 and set a “hold” rating for the company in a report on Friday, May 1st. Jefferies Financial Group cut their price objective on shares of LPL Financial from $464.00 to $383.00 and set a “buy” rating for the company in a research report on Monday, April 6th. Keefe, Bruyette & Woods started coverage on LPL Financial in a report on Wednesday, April 8th. They set an “outperform” rating and a $350.00 price target for the company. Finally, JPMorgan Chase & Co. cut their target price on LPL Financial from $396.00 to $390.00 and set an “overweight” rating on the stock in a research report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $398.86.

Insider Transactions at LPL Financial

In other news, Director Matthew Enyedi sold 2,109 shares of LPL Financial stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $320.15, for a total transaction of $675,196.35. Following the completion of the sale, the director directly owned 14,121 shares of the company’s stock, valued at approximately $4,520,838.15. The trade was a 12.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Marc Eliot Cohen sold 2,212 shares of the firm’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $308.75, for a total value of $682,955.00. Following the completion of the sale, the director owned 5,488 shares in the company, valued at approximately $1,694,420. This represents a 28.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 8,569 shares of company stock valued at $2,720,733. 0.60% of the stock is currently owned by corporate insiders.

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.

About LPL Financial

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.