Rep. Gilbert Ray Cisneros, Jr. Buys LPL Financial Holdings Inc. (NASDAQ:LPLA) Stock
by Danessa Lincoln · 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 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%
LPLA stock traded up $0.90 during mid-day trading on Wednesday, reaching $289.18. The company had a trading volume of 759,549 shares, compared to its average volume of 1,086,308. 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 stock has a 50 day simple moving average of $302.00 and a two-hundred day simple moving average of $330.38. The company has a market capitalization of $23.13 billion, a price-to-earnings ratio of 25.82, a PEG ratio of 0.59 and a beta of 0.50. LPL Financial Holdings Inc. has a 52 week low of $260.15 and a 52 week high of $403.58.
LPL Financial (NASDAQ:LPLA – Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The financial services provider reported $5.60 earnings per share for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $4.98 billion. During the same period last year, the company earned $5.15 earnings per share. The business’s revenue was up 34.6% compared to the same quarter last year. As a group, equities analysts predict that LPL Financial Holdings Inc. will post 22.98 earnings per share for the current fiscal year.
LPL Financial Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 21st were issued a dividend of $0.30 per share. The ex-dividend date was Thursday, May 21st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.4%. LPL Financial’s dividend payout ratio (DPR) is presently 10.71%.
Hedge Funds Weigh In On LPL Financial
Several hedge funds and other institutional investors have recently added to or reduced their stakes in LPLA. NewEdge Advisors LLC raised its holdings in LPL Financial by 42.7% in the 1st quarter. NewEdge Advisors LLC now owns 3,525 shares of the financial services provider’s stock valued at $1,153,000 after acquiring an additional 1,055 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of LPL Financial by 0.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 209,126 shares of the financial services provider’s stock valued at $68,414,000 after purchasing an additional 1,089 shares during the last quarter. Woodline Partners LP bought a new position in shares of LPL Financial in the 1st quarter valued at $1,636,000. Focus Partners Wealth increased its stake in shares of LPL Financial by 12.2% in the 1st quarter. Focus Partners Wealth now owns 4,360 shares of the financial services provider’s stock valued at $1,426,000 after purchasing an additional 473 shares during the last quarter. Finally, Acadian Asset Management LLC bought a new position in shares of LPL Financial in the 1st quarter valued at $121,000. 95.66% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several research analysts have recently commented on LPLA shares. Weiss Ratings reiterated a “hold (c)” rating on shares of LPL Financial in a research note on Monday, April 27th. Citizens Jmp reiterated a “market outperform” rating and set a $500.00 target price on shares of LPL Financial in a research note on Monday, April 6th. Jefferies Financial Group reduced their target price on LPL Financial from $464.00 to $383.00 and set a “buy” rating for the company in a research note on Monday, April 6th. Barclays lifted their target price on LPL Financial from $369.00 to $412.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Finally, UBS Group lifted their target price on LPL Financial from $380.00 to $395.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $398.86.
Read Our Latest Stock Analysis on LPL Financial
Insider Activity
In other news, CFO Matthew J. Audette sold 1,110 shares of the firm’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 of the company’s stock, valued at approximately $6,535,188.03. This trade represents a 5.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 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.
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.