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 14th. 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. The business’s 50 day simple moving average is $302.00 and its two-hundred day simple moving average is $330.38. The firm has a market cap of $23.13 billion, a P/E ratio of 25.82, a PEG ratio of 0.59 and a beta of 0.50. 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 Holdings Inc. has a 52-week low of $260.15 and a 52-week high of $403.58.

LPL Financial (NASDAQ:LPLA) last announced its quarterly 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. The business had revenue of $4.94 billion for the quarter, compared to analyst estimates of $4.98 billion. LPL Financial had a return on equity of 31.26% and a net margin of 4.93%.The company’s quarterly revenue was up 34.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.15 earnings per share. As a group, research analysts forecast that LPL Financial Holdings Inc. will post 22.98 EPS for the current fiscal year.

LPL Financial Announces Dividend

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

Insider Activity at LPL Financial

In other news, CFO Matthew J. Audette sold 1,110 shares of the stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $330.01, for a total value of $366,311.10. Following the completion of the sale, the chief financial officer directly owned 19,803 shares of the company’s stock, valued at $6,535,188.03. This represents 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. 0.60% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. TD Cowen cut their price target on LPL Financial from $330.00 to $326.00 and set a “hold” rating on the stock in a report on Friday, May 1st. Citizens Jmp reiterated a “market outperform” rating and issued a $500.00 price target on shares of LPL Financial in a report on Monday, April 6th. JPMorgan Chase & Co. cut their price target on LPL Financial from $396.00 to $390.00 and set an “overweight” rating on the stock in a report on Friday, May 1st. William Blair reiterated an “outperform” rating on shares of LPL Financial in a report on Thursday, June 4th. Finally, Morgan Stanley cut their price target on LPL Financial from $447.00 to $374.00 and set an “overweight” rating on the stock in a report on Friday, April 10th. 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 stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $398.86.

Institutional Trading of LPL Financial

Institutional investors and hedge funds have recently modified their holdings of the stock. Osterweis Capital Management Inc. purchased a new stake in shares of LPL Financial in the second quarter worth approximately $26,000. Clearstead Advisors LLC raised its stake in shares of LPL Financial by 3,650.0% in the fourth quarter. Clearstead Advisors LLC now owns 75 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 73 shares during the last quarter. Steigerwald Gordon & Koch Inc. raised its stake in shares of LPL Financial by 550.0% in the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 78 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 66 shares during the last quarter. Core Wealth Advisors LLC purchased a new stake in shares of LPL Financial in the fourth quarter worth approximately $36,000. Finally, Physician Wealth Advisors Inc. raised its stake in shares of LPL Financial by 580.0% in the first quarter. Physician Wealth Advisors Inc. now owns 136 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 116 shares during the last quarter. 95.66% of the stock is owned by hedge funds and other institutional investors.

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.