LPL Financial (NASDAQ:LPLA) Shares Acquired Rep. Gilbert Ray Cisneros, Jr.
by Tristan Rich · The Markets DailyRepresentative 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 Performance
Shares of LPLA stock traded up $0.90 during trading hours on Wednesday, hitting $289.18. 759,549 shares of the company were exchanged, compared to its average volume of 1,086,308. The firm has a fifty day simple moving average of $302.00 and a 200 day simple moving average of $330.38. The company has a current ratio of 2.56, a quick 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. The stock has a market capitalization of $23.13 billion, a price-to-earnings ratio of 25.82, a P/E/G ratio of 0.59 and a beta of 0.50.
LPL Financial (NASDAQ:LPLA – Get Free Report) last issued 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. LPL Financial had a net margin of 4.93% and a return on equity of 31.26%. The company had revenue of $4.94 billion during the quarter, compared to analyst estimates of $4.98 billion. During the same quarter last year, the business posted $5.15 EPS. LPL Financial’s quarterly revenue was up 34.6% compared to the same quarter last year. Research analysts predict 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 declared a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 21st were paid a dividend of $0.30 per share. The ex-dividend date was Thursday, May 21st. This represents a $1.20 annualized dividend and a dividend yield of 0.4%. LPL Financial’s dividend payout ratio (DPR) is presently 10.71%.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the company. Egerton Capital UK LLP purchased a new position in shares of LPL Financial during the 4th quarter valued at $91,012,000. Coronation Fund Managers Ltd. grew its position in shares of LPL Financial by 24.5% during the 3rd 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 bought a new stake in shares of LPL Financial during the 3rd quarter worth $1,975,000. Massachusetts Financial Services Co. MA lifted its holdings in shares of LPL Financial by 14.7% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,719,447 shares of the financial services provider’s stock worth $1,328,475,000 after acquiring an additional 477,094 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of LPL Financial by 7.1% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 77,992 shares of the financial services provider’s stock worth $28,204,000 after acquiring an additional 5,179 shares during the last quarter. 95.66% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity
In other news, CFO Matthew J. Audette sold 1,110 shares of LPL Financial 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 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.60% of the company’s stock.
Analysts Set New Price Targets
LPLA has been the subject of a number of recent research reports. Citizens Jmp reiterated a “market outperform” rating and issued a $500.00 price objective on shares of LPL Financial in a research note on Monday, April 6th. UBS Group lifted their price objective 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. Morgan Stanley reduced their price objective on shares of LPL Financial from $447.00 to $374.00 and set an “overweight” rating for the company in a research note on Friday, April 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of LPL Financial in a research note on Monday, April 27th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of LPL Financial from $396.00 to $390.00 and set an “overweight” rating for the company in a research note on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $398.86.
Get Our Latest Stock Analysis on LPLA
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.