LPL Financial (NASDAQ:LPLA) Shares Purchased Rep. Gilbert Ray Cisneros, Jr.
by Mitch Edgeman · The Markets DailyRepresentative Gilbert Ray Cisneros, Jr. (Democratic-California) recently bought shares of LPL Financial Holdings Inc. (NASDAQ:LPLA). In a filing disclosed on July 02nd, the Representative disclosed that they had bought between $1,001 and $15,000 in LPL Financial stock on June 5th. 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 The Descartes Systems Group (NASDAQ:DSGX) on 6/30/2026.
- Purchased $1,001 – $15,000 in shares of Texas Roadhouse (NASDAQ:TXRH) on 6/30/2026.
- Purchased $1,001 – $15,000 in shares of Texas Capital Bancshares (NASDAQ:TCBI) on 6/30/2026.
- Sold $1,001 – $15,000 in shares of SoftBank Group (OTCMKTS:SFTBF) on 6/30/2026.
- Sold $1,001 – $15,000 in shares of Semtech (NASDAQ:SMTC) on 6/30/2026.
- Sold $1,001 – $15,000 in shares of RBC Bearings (NYSE:RBC) on 6/30/2026.
- Purchased $1,001 – $15,000 in shares of Microchip Technology (NASDAQ:MCHP) on 6/30/2026.
- Purchased $1,001 – $15,000 in shares of HealthEquity (NASDAQ:HQY) on 6/30/2026.
- Purchased $1,001 – $15,000 in shares of Cytokinetics (NASDAQ:CYTK) on 6/30/2026.
- Sold $1,001 – $15,000 in shares of Credo Technology Group (NASDAQ:CRDO) on 6/30/2026.
LPL Financial Price Performance
LPLA stock remained flat at $295.18 during trading on Friday. The company’s stock had a trading volume of 659,966 shares, compared to its average volume of 1,106,948. 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 one year low of $260.15 and a one year high of $403.58. The company has a fifty day simple moving average of $294.76 and a two-hundred day simple moving average of $321.85. The stock has a market capitalization of $23.61 billion, a price-to-earnings ratio of 26.36, a PEG ratio of 0.61 and a beta of 0.50.
LPL Financial (NASDAQ:LPLA – Get Free Report) last released 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 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 quarter in the prior year, the business posted $5.15 earnings per share. The company’s revenue for the quarter was up 34.6% compared to the same quarter last year. As a group, sell-side analysts expect that LPL Financial Holdings Inc. will post 22.94 earnings per share for the current fiscal year.
LPL Financial Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 21st were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $1.20 annualized dividend and a yield of 0.4%. LPL Financial’s payout ratio is presently 10.71%.
Insider Buying and Selling at LPL Financial
In other news, Director Aneri Jambusaria sold 308 shares of the company’s stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $306.00, for a total transaction of $94,248.00. Following the completion of the sale, the director directly owned 6,415 shares of the company’s stock, valued at $1,962,990. This represents a 4.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Matthew J. Audette sold 1,110 shares of the company’s stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $330.01, for a total value 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. This represents a 5.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 1,887 shares of company stock valued at $613,144. Corporate insiders own 0.60% of the company’s stock.
Hedge Funds Weigh In On LPL Financial
Several large investors have recently made changes to their positions in the business. Osterweis Capital Management Inc. acquired a new stake in LPL Financial during the second quarter valued at approximately $26,000. Clearstead Advisors LLC grew its position in LPL Financial by 3,650.0% in the fourth quarter. Clearstead Advisors LLC now owns 75 shares of the financial services provider’s stock worth $27,000 after buying an additional 73 shares during the last quarter. Steigerwald Gordon & Koch Inc. increased its holdings in shares of LPL Financial by 550.0% in the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 78 shares of the financial services provider’s stock valued at $28,000 after buying an additional 66 shares in the last quarter. Core Wealth Advisors LLC bought a new position in shares of LPL Financial in the fourth quarter valued at $36,000. Finally, Physician Wealth Advisors Inc. lifted its position in shares of LPL Financial by 580.0% during the 1st quarter. Physician Wealth Advisors Inc. now owns 136 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 116 shares during the last quarter. Institutional investors own 95.66% of the company’s stock.
Wall Street Analysts Forecast Growth
LPLA has been the subject of a number of recent analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of LPL Financial in a research report on Monday, April 27th. JPMorgan Chase & Co. reduced their price target 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. TD Cowen lowered their price objective on shares of LPL Financial from $330.00 to $326.00 and set a “hold” rating on the stock in a research note on Friday, May 1st. Morgan Stanley dropped their target price on LPL Financial from $447.00 to $374.00 and set an “overweight” rating on the stock in a report on Friday, April 10th. Finally, Keefe, Bruyette & Woods began coverage on LPL Financial in a research note on Wednesday, April 8th. They set an “outperform” rating and a $350.00 price target for the company. One research 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $398.86.
Check Out Our Latest 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.