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 May 08th, the Representative disclosed that they had bought between $1,001 and $15,000 in LPL Financial stock on April 6th. 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 Revvity (NYSE:RVTY) on 5/1/2026.
• Sold $1,001 – $15,000 in shares of Flex (NASDAQ:FLEX) on 5/1/2026.
• Purchased $1,001 – $15,000 in shares of LPL Financial (NASDAQ:LPLA) on 5/1/2026.
• Purchased $1,001 – $15,000 in shares of FirstService (NASDAQ:FSV) on 5/1/2026.
• Sold $1,001 – $15,000 in shares of SS&C Technologies (NASDAQ:SSNC) on 5/1/2026.
• Purchased $1,001 – $15,000 in shares of Wayfair (NYSE:W) on 5/1/2026.
• Purchased $1,001 – $15,000 in shares of STERIS (NYSE:STE) on 5/1/2026.
• Purchased $1,001 – $15,000 in shares of DoorDash (NASDAQ:DASH) on 5/1/2026.
• Purchased $1,001 – $15,000 in shares of Sensata Technologies (NYSE:ST) on 5/1/2026.
• Purchased $1,001 – $15,000 in shares of Veralto (NYSE:VLTO) on 5/1/2026.

LPL Financial Price Performance

Shares of LPLA stock traded up $1.52 during trading hours on Friday, reaching $299.73. 565,986 shares of the company were exchanged, compared to its average volume of 830,296. LPL Financial Holdings Inc. has a fifty-two week low of $281.51 and a fifty-two week high of $403.58. The stock’s fifty day moving average is $307.77 and its two-hundred day moving average is $340.78. The company has a market cap of $23.97 billion, a price-to-earnings ratio of 26.76, a P/E/G ratio of 0.61 and a beta of 0.57. The company has a debt-to-equity ratio of 1.26, a current ratio of 2.56 and a quick ratio of 2.56.

LPL Financial (NASDAQ:LPLA) last issued its quarterly earnings results on Thursday, April 30th. The financial services provider reported $5.60 earnings per share (EPS) for the quarter, beating 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 firm’s revenue for the quarter was up 34.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $5.15 earnings per share. Sell-side analysts forecast 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 announced a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Thursday, May 21st will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Thursday, May 21st. LPL Financial’s dividend payout ratio is presently 10.71%.

Institutional Investors Weigh In On LPL Financial

Hedge funds and other institutional investors have recently bought and sold shares of the company. WCM Investment Management LLC grew its position in LPL Financial by 0.7% in the third quarter. WCM Investment Management LLC now owns 1,742,991 shares of the financial services provider’s stock valued at $593,663,000 after purchasing an additional 12,214 shares in the last quarter. Independent Advisor Alliance grew its position in LPL Financial by 41.5% in the third quarter. Independent Advisor Alliance now owns 5,341 shares of the financial services provider’s stock valued at $1,777,000 after purchasing an additional 1,566 shares in the last quarter. Mutual of America Capital Management LLC grew its position in LPL Financial by 116.6% in the third quarter. Mutual of America Capital Management LLC now owns 5,568 shares of the financial services provider’s stock valued at $1,852,000 after purchasing an additional 2,997 shares in the last quarter. Coronation Fund Managers Ltd. grew its position in 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. Finally, Munich Reinsurance Co Stock Corp in Munich bought a new position in LPL Financial in the third quarter valued at $1,975,000. Institutional investors and hedge funds own 95.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on LPLA. Citizens Jmp restated a “market outperform” rating and set a $500.00 target price on shares of LPL Financial in a research report on Monday, April 6th. Jefferies Financial Group dropped their price target on shares of LPL Financial from $464.00 to $383.00 and set a “buy” rating for the company in a research note on Monday, April 6th. Keefe, Bruyette & Woods assumed coverage on shares of LPL Financial in a research note on Wednesday, April 8th. They issued an “outperform” rating and a $350.00 price objective on the stock. Wolfe Research set a $478.00 target price on shares of LPL Financial in a report on Friday, January 30th. Finally, TD Cowen dropped their target price on shares of LPL Financial from $330.00 to $326.00 and set a “hold” rating for the company in a research report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $398.86.

Insider Activity at LPL Financial

In other news, Director Marc Eliot Cohen sold 2,212 shares of the stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $308.75, for a total value of $682,955.00. Following the completion of the sale, the director owned 5,488 shares of the company’s stock, valued at approximately $1,694,420. This represents a 28.73% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Matthew J. Audette sold 1,581 shares of the firm’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $320.50, for a total transaction of $506,710.50. Following the completion of the transaction, the chief financial officer directly owned 21,382 shares of the company’s stock, valued at $6,852,931. This represents a 6.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 8,569 shares of company stock valued at $2,720,733. Corporate 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.