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 19th. 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 LPLA traded up $0.90 during midday trading on Wednesday, hitting $289.18. The company had a trading volume of 759,549 shares, compared to its average volume of 978,988. The stock has a market cap of $23.13 billion, a price-to-earnings ratio of 25.82, a PEG ratio of 0.58 and a beta of 0.50. The company’s 50 day moving average price is $302.22 and its 200 day moving average price is $330.76. The company has a quick ratio of 2.56, a current 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.

LPL Financial (NASDAQ:LPLA) last announced its quarterly earnings data 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 firm had revenue of $4.94 billion during the quarter, compared to analyst estimates of $4.98 billion. During the same period in the previous year, the company earned $5.15 earnings per share. LPL Financial’s quarterly revenue was up 34.6% on a year-over-year basis. On average, equities research analysts predict that LPL Financial Holdings Inc. will post 22.98 EPS for the current year.

LPL Financial Announces Dividend

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

Insiders Place Their Bets

In related news, CFO Matthew J. Audette sold 1,110 shares of the stock in a transaction dated 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 approximately $6,535,188.03. This represents a 5.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of LPL Financial in a report on Monday, April 27th. JPMorgan Chase & Co. decreased their price objective on shares of LPL Financial from $396.00 to $390.00 and set an “overweight” rating for the company in a report on Friday, May 1st. William Blair reiterated an “outperform” rating on shares of LPL Financial in a research note on Thursday, June 4th. Keefe, Bruyette & Woods began coverage on shares of LPL Financial in a report on Wednesday, April 8th. They set an “outperform” rating and a $350.00 target price on the stock. Finally, UBS Group lifted their price target on shares of LPL Financial from $380.00 to $395.00 and gave the company a “buy” rating in a report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $398.86.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in LPLA. Egerton Capital UK LLP acquired a new stake in LPL Financial during the 4th quarter valued at $91,012,000. Coronation Fund Managers Ltd. lifted its holdings in shares of LPL Financial by 24.5% in the third quarter. Coronation Fund Managers Ltd. now owns 187,973 shares of the financial services provider’s stock valued at $62,537,000 after purchasing an additional 36,950 shares in the last quarter. Munich Reinsurance Co Stock Corp in Munich acquired a new stake in shares of LPL Financial in the third quarter worth $1,975,000. Massachusetts Financial Services Co. MA grew its holdings in shares of LPL Financial by 14.7% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,719,447 shares of the financial services provider’s stock valued at $1,328,475,000 after buying an additional 477,094 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of LPL Financial by 7.1% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 77,992 shares of the financial services provider’s stock valued at $28,204,000 after buying an additional 5,179 shares in the last quarter. 95.66% of the stock is currently owned by 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.