LPL Financial (NASDAQ:LPLA) Shares Acquired Rep. Gilbert Ray Cisneros, Jr.

Key Points

• Rep. Gilbert Ray Cisneros, Jr. disclosed buying LPL Financial shares worth between $1,001 and $15,000 on May 7, according to a filing released June 8.
• LPL Financial shares rose 0.3% to $289.18, but the stock remains below its 50-day and 200-day moving averages and is well off its 52-week high.
• The company recently beat earnings expectations, reporting $5.60 EPS versus $5.49 expected, while also paying a quarterly dividend of $0.30 per share.

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 NASDAQ LPLA traded up $0.90 during midday trading on Wednesday, hitting $289.18. The stock had a trading volume of 759,541 shares, compared to its average volume of 978,967. The company's 50-day simple moving average is $302.22 and its 200 day simple moving average is $330.76. The firm has a market cap of $23.13 billion, a P/E ratio of 25.82, a price-to-earnings-growth ratio of 0.58 and a beta of 0.50. LPL Financial Holdings Inc. has a fifty-two week low of $260.15 and a fifty-two week high of $403.58. The company has a debt-to-equity ratio of 1.26, a current ratio of 2.56 and a quick ratio of 2.56.

LPL Financial (NASDAQ:LPLA - Get Free Report) last released its earnings results on Thursday, April 30th. The financial services provider reported $5.60 EPS for the quarter, beating the consensus estimate of $5.49 by $0.11. The company had revenue of $4.94 billion during the quarter, compared to analysts' expectations of $4.98 billion. LPL Financial had a return on equity of 31.26% and a net margin of 4.93%.The business's revenue for the quarter was up 34.6% on a year-over-year basis. During the same period last year, the firm earned $5.15 EPS. Research analysts anticipate that LPL Financial Holdings Inc. will post 22.98 EPS for the current year.

LPL Financial Announces Dividend

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

Insider Activity

In related news, CFO Matthew J. Audette sold 1,110 shares of LPL Financial stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $330.01, for a total value of $366,311.10. Following the sale, the chief financial officer 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.60% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on LPLA. Citizens Jmp reissued a "market outperform" rating and issued a $500.00 target price on shares of LPL Financial in a research note on Monday, April 6th. Keefe, Bruyette & Woods began coverage on LPL Financial in a research note on Wednesday, April 8th. They issued an "outperform" rating and a $350.00 target price for the company. JPMorgan Chase & Co. lowered their target price on LPL Financial from $396.00 to $390.00 and set an "overweight" rating for the company in a research note on Friday, May 1st. Weiss Ratings reissued a "hold (c)" rating on shares of LPL Financial in a research note on Monday, April 27th. Finally, Barclays lifted their target price on LPL Financial from $369.00 to $412.00 and gave the company an "overweight" rating in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, LPL Financial currently has a consensus rating of "Moderate Buy" and an average price target of $398.86.

Institutional Investors Weigh In On LPL Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Capital World Investors lifted its holdings in shares of LPL Financial by 15,960.1% in the third quarter. Capital World Investors now owns 2,628,551 shares of the financial services provider's stock valued at $874,493,000 after purchasing an additional 2,612,184 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of LPL Financial in the fourth quarter valued at about $450,493,000. M&T Bank Corp lifted its holdings in shares of LPL Financial by 27,955.5% in the fourth quarter. M&T Bank Corp now owns 1,141,019 shares of the financial services provider's stock valued at $407,538,000 after purchasing an additional 1,136,952 shares in the last quarter. Norges Bank bought a new stake in shares of LPL Financial in the fourth quarter valued at about $371,616,000. Finally, Principal Financial Group Inc. increased its position in shares of LPL Financial by 36.3% in the first quarter. Principal Financial Group Inc. now owns 2,636,544 shares of the financial services provider's stock valued at $793,163,000 after acquiring an additional 702,061 shares during the last quarter. 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

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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