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 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 Price Performance

LPL Financial stock traded up $5.65 during midday trading on Wednesday, reaching $293.93. The company had a trading volume of 86,125 shares, compared to its average volume of 972,680. LPL Financial Holdings Inc. has a 12-month low of $260.15 and a 12-month high of $403.58. The firm’s fifty day simple moving average is $302.22 and its 200-day simple moving average is $330.76. 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 company has a market capitalization of $23.51 billion, a P/E ratio of 26.15, a P/E/G ratio of 0.58 and a beta of 0.50.

LPL Financial (NASDAQ:LPLA) last released its earnings results on Thursday, April 30th. The financial services provider reported $5.60 earnings per share for the quarter, beating 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 business had revenue of $4.94 billion for the quarter, compared to the consensus estimate of $4.98 billion. During the same quarter last year, the business posted $5.15 earnings per share. The business’s quarterly revenue was up 34.6% compared to the same quarter last year. As a group, equities analysts anticipate that LPL Financial Holdings Inc. will post 22.98 EPS for the current year.

LPL Financial Dividend Announcement

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

Institutional Investors Weigh In On LPL Financial

Several institutional investors and hedge funds have recently modified their holdings of the company. Osterweis Capital Management Inc. purchased a new stake in LPL Financial during the second quarter worth about $26,000. Clearstead Advisors LLC increased its stake in LPL Financial by 3,650.0% during the 4th quarter. Clearstead Advisors LLC now owns 75 shares of the financial services provider’s stock worth $27,000 after buying an additional 73 shares during the period. Steigerwald Gordon & Koch Inc. increased its stake in LPL Financial by 550.0% during the 4th 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 acquired a new stake in LPL Financial during the 4th quarter worth approximately $36,000. Finally, Physician Wealth Advisors Inc. grew its stake in LPL Financial by 580.0% during the 1st 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 in the last quarter. Hedge funds and other institutional investors own 95.66% of the company’s stock.

Insider Transactions at LPL Financial

In related news, CFO Matthew J. Audette sold 1,110 shares of the business’s stock in a transaction on Wednesday, April 15th. The shares were 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 in the company, valued at approximately $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 accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

LPLA has been the topic of several recent research reports. William Blair reissued an “outperform” rating on shares of LPL Financial in a research report on Thursday, June 4th. Keefe, Bruyette & Woods began coverage on shares of LPL Financial in a report on Wednesday, April 8th. They issued an “outperform” rating and a $350.00 target price on the stock. UBS Group increased their price target on shares of LPL Financial from $380.00 to $395.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Barclays raised their price target on shares of LPL Financial from $369.00 to $412.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Finally, Morgan Stanley decreased their price objective 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 research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, LPL Financial presently has a consensus rating of “Moderate Buy” and a consensus 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.