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 June 08th, the Representative disclosed that they had bought between $1,001 and $15,000 in LPL Financial stock on May 7th. 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 Down 1.0%

Shares of LPLA traded down $2.76 during midday trading on Thursday, reaching $286.42. 77,364 shares of the stock were exchanged, compared to its average volume of 970,431. The company has a market capitalization of $22.91 billion, a P/E ratio of 25.65, a PEG ratio of 0.59 and a beta of 0.50. The company has a current ratio of 2.56, a quick ratio of 2.56 and a debt-to-equity ratio of 1.26. LPL Financial Holdings Inc. has a 52 week low of $260.15 and a 52 week high of $403.58. The company’s 50 day moving average is $302.00 and its two-hundred day moving average is $330.38.

LPL Financial (NASDAQ:LPLA) last released its quarterly earnings results on Thursday, April 30th. The financial services provider reported $5.60 EPS for the quarter, beating 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 analyst estimates of $4.98 billion. During the same period in the prior year, the firm posted $5.15 earnings per share. The company’s quarterly revenue was up 34.6% on a year-over-year basis. On average, sell-side analysts anticipate that LPL Financial Holdings Inc. will post 22.98 earnings per share for the current year.

LPL Financial Announces Dividend

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

Wall Street Analyst Weigh In

LPLA has been the subject of a number of recent research reports. William Blair reissued an “outperform” rating on shares of LPL Financial in a research report on Thursday, June 4th. Barclays boosted their target price on shares of LPL Financial from $369.00 to $412.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. TD Cowen lowered their price target on shares of LPL Financial from $330.00 to $326.00 and set a “hold” rating on the stock in a report on Friday, May 1st. Keefe, Bruyette & Woods initiated coverage on LPL Financial in a research note on Wednesday, April 8th. They set an “outperform” rating and a $350.00 price objective for the company. Finally, JPMorgan Chase & Co. decreased their price objective on LPL Financial from $396.00 to $390.00 and set an “overweight” rating for the company in a report on Friday, May 1st. One investment 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 stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $398.86.

Insiders Place Their Bets

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

Institutional Investors Weigh In On LPL Financial

Several large investors have recently modified their holdings of LPLA. Osterweis Capital Management Inc. purchased a new stake in shares of LPL Financial during the second quarter worth about $26,000. Clearstead Advisors LLC lifted its position in LPL Financial by 3,650.0% during the fourth quarter. Clearstead Advisors LLC now owns 75 shares of the financial services provider’s stock valued at $27,000 after buying an additional 73 shares in the last quarter. Steigerwald Gordon & Koch Inc. grew its stake in LPL Financial by 550.0% during the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 78 shares of the financial services provider’s stock worth $28,000 after buying an additional 66 shares during the period. Core Wealth Advisors LLC purchased a new position in shares of LPL Financial in the 4th quarter valued at $36,000. Finally, Physician Wealth Advisors Inc. lifted its holdings in shares of 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 acquiring an additional 116 shares in the last quarter. 95.66% of the stock is owned by institutional investors and hedge funds.

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.