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 Trading Up 2.0%

NASDAQ:LPLA traded up $5.65 during trading hours on Wednesday, hitting $293.93. 86,125 shares of the stock were exchanged, compared to its average volume of 972,680. The company has a market capitalization of $23.51 billion, a P/E ratio of 26.15, a price-to-earnings-growth ratio of 0.58 and a beta of 0.50. The company has a quick ratio of 2.56, a current ratio of 2.56 and a debt-to-equity ratio of 1.26. The company’s 50 day moving average is $302.22 and its two-hundred day moving average is $330.76. LPL Financial Holdings Inc. has a twelve month low of $260.15 and a twelve month high of $403.58.

LPL Financial (NASDAQ:LPLA) last released its 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 return on equity of 31.26% and a net margin of 4.93%.The company had revenue of $4.94 billion during the quarter, compared to analysts’ expectations of $4.98 billion. During the same period last year, the firm earned $5.15 EPS. The business’s revenue for the quarter 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 fiscal year.

LPL Financial Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Citizens Jmp reaffirmed a “market outperform” rating and issued a $500.00 price objective on shares of LPL Financial in a research note on Monday, April 6th. Jefferies Financial Group dropped their price objective on shares of LPL Financial from $464.00 to $383.00 and set a “buy” rating on the stock in a report on Monday, April 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of LPL Financial in a report on Monday, April 27th. JPMorgan Chase & Co. dropped their target price on LPL Financial from $396.00 to $390.00 and set an “overweight” rating on the stock in a report on Friday, May 1st. Finally, UBS Group boosted their price objective on shares of LPL Financial from $380.00 to $395.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. One 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’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $398.86.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in LPLA. Parallel Advisors LLC lifted its position in shares of LPL Financial by 7.2% during the 1st quarter. Parallel Advisors LLC now owns 2,711 shares of the financial services provider’s stock valued at $816,000 after acquiring an additional 183 shares during the period. Argent Capital Management LLC lifted its position in LPL Financial by 50.9% during the first quarter. Argent Capital Management LLC now owns 28,855 shares of the financial services provider’s stock worth $8,680,000 after purchasing an additional 9,728 shares during the period. Western Wealth Management LLC acquired a new stake in LPL Financial during the first quarter worth about $151,000. Bank of America Corp DE increased its holdings in LPL Financial by 0.9% in the 1st quarter. Bank of America Corp DE now owns 803,428 shares of the financial services provider’s stock valued at $241,695,000 after buying an additional 7,257 shares during the period. Finally, Janus Henderson Group PLC increased its holdings in LPL Financial by 8.6% in the 1st quarter. Janus Henderson Group PLC now owns 3,666,780 shares of the financial services provider’s stock valued at $1,103,079,000 after buying an additional 289,227 shares during the period. 95.66% of the stock is owned by institutional investors.

Insider Buying and Selling at LPL Financial

In related news, CFO Matthew J. Audette sold 1,110 shares of LPL Financial stock in a transaction that occurred 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 sale, the chief financial officer directly owned 19,803 shares of the company’s stock, valued at approximately $6,535,188.03. The trade was a 5.31% decrease in their position. 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.

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.