Representative 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 7th. 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 Trading Up 0.3%
Shares of LPL Financial stock opened at $289.18 on Thursday. LPL Financial Holdings Inc. has a 12-month low of $260.15 and a 12-month high of $403.58. The company has a market cap of $23.13 billion, a price-to-earnings ratio of 25.82, a PEG ratio of 0.59 and a beta of 0.50. The company has a current ratio of 2.56, a quick ratio of 2.56 and a debt-to-equity ratio of 1.26. The company’s 50-day moving average price is $302.00 and its 200-day moving average price is $330.38.
LPL Financial Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 21st were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Thursday, May 21st. LPL Financial’s dividend payout ratio is presently 10.71%.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on LPLA shares. JPMorgan Chase & Co. lowered their price target on shares of LPL Financial from $396.00 to $390.00 and set an “overweight” rating on the stock in a report on Friday, May 1st. UBS Group increased their price target on shares of LPL Financial from $380.00 to $395.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Citizens Jmp reissued a “market outperform” rating and issued a $500.00 price target on shares of LPL Financial in a report on Monday, April 6th. Barclays increased their price target on shares of LPL Financial from $369.00 to $412.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Finally, TD Cowen lowered their target price 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. 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 company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $398.86.
Get Our Latest Report on LPL Financial
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the business. Egerton Capital UK LLP bought a new position in LPL Financial during the fourth quarter valued at approximately $91,012,000. Coronation Fund Managers Ltd. grew its holdings in shares of 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 worth $62,537,000 after purchasing an additional 36,950 shares during the last quarter. Munich Reinsurance Co Stock Corp in Munich bought a new position in shares of LPL Financial in the third quarter worth approximately $1,975,000. Massachusetts Financial Services Co. MA grew its holdings in shares of LPL Financial by 14.7% in the fourth 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 purchasing an additional 477,094 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of LPL Financial by 7.1% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 77,992 shares of the financial services provider’s stock worth $28,204,000 after purchasing an additional 5,179 shares during the last quarter. 95.66% of the stock is currently owned by institutional investors.
Insider Activity
In other news, CFO Matthew J. Audette sold 1,110 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief financial officer owned 19,803 shares in the company, valued at approximately $6,535,188.03. This trade represents a 5.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 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.
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