Rep. Gilbert Ray Cisneros, Jr. Buys Shares of LPL Financial Holdings Inc. (NASDAQ:LPLA)

Posted by Brenda Bartman on Jul 4th, 2026

Representative 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 Stock Performance

Shares of LPLA remained flat at $295.18 during midday trading on Friday. The stock had a trading volume of 659,966 shares, compared to its average volume of 1,106,948. The firm has a market capitalization of $23.61 billion, a P/E ratio of 26.36, a price-to-earnings-growth ratio of 0.61 and a beta of 0.50. The business has a 50-day moving average price of $294.76 and a 200-day moving average price of $321.85. 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 1 year low of $260.15 and a 1 year high of $403.58.

LPL Financial (NASDAQ:LPLA – Get Free Report) last issued its earnings results on Thursday, April 30th. The financial services provider reported $5.60 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 for the quarter, compared to the consensus estimate of $4.98 billion. During the same period in the previous year, the firm earned $5.15 earnings per share. The firm’s revenue for the quarter was up 34.6% on a year-over-year basis. Research analysts forecast that LPL Financial Holdings Inc. will post 22.94 EPS for the current fiscal year.

LPL Financial Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on LPLA. Keefe, Bruyette & Woods assumed coverage on LPL Financial in a research report on Wednesday, April 8th. They issued an “outperform” rating and a $350.00 price objective on the stock. TD Cowen cut their target price on LPL Financial from $330.00 to $326.00 and set a “hold” rating for the company in a research report on Friday, May 1st. Jefferies Financial Group dropped their price target 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. Morgan Stanley lowered their price objective on LPL Financial from $447.00 to $374.00 and set an “overweight” rating for the company in a research note on Friday, April 10th. Finally, UBS Group raised their price objective on shares of LPL Financial from $380.00 to $395.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $398.86.

View Our Latest Stock Report on LPLA

Insiders Place Their Bets

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 in the company, valued at $1,962,990. This represents a 4.58% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Matthew J. Audette sold 1,110 shares of the business’s stock in a transaction dated 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 trade represents a 5.31% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 1,887 shares of company stock worth $613,144. 0.60% of the stock is owned by insiders.

Institutional Investors Weigh In On LPL Financial

Several institutional investors and hedge funds have recently modified their holdings of the company. Capital World Investors raised its stake in LPL Financial by 15,960.1% during the 3rd quarter. Capital World Investors now owns 2,628,551 shares of the financial services provider’s stock worth $874,493,000 after acquiring an additional 2,612,184 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in LPL Financial in the fourth quarter valued at $450,493,000. M&T Bank Corp grew its position in LPL Financial by 27,955.5% during the fourth quarter. M&T Bank Corp now owns 1,141,019 shares of the financial services provider’s stock worth $407,538,000 after buying an additional 1,136,952 shares during the period. Norges Bank acquired a new position in LPL Financial during the fourth quarter worth $371,616,000. Finally, Principal Financial Group Inc. boosted its position in shares of LPL Financial by 36.3% in the 1st quarter. Principal Financial Group Inc. now owns 2,636,544 shares of the financial services provider’s stock worth $793,163,000 after buying an additional 702,061 shares in the last quarter. Hedge funds and other institutional investors own 95.66% 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

(Get Free Report)

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.