Rep. Gilbert Ray Cisneros, Jr. Purchases LPL Financial Holdings Inc. (NASDAQ:LPLA) Stock

Key Points

• Rep. Gilbert Ray Cisneros, Jr. disclosed a new purchase of LPL Financial Holdings stock, buying between $1,001 and $15,000 worth of shares on June 5 in a Bank of America trust account.
• LPL Financial recently reported better-than-expected earnings, with quarterly EPS of $5.60 topping estimates, even as revenue came in slightly below forecasts; revenue still rose 34.6% year over year.
• Analyst sentiment remains constructive, with the stock carrying a Moderate Buy consensus and an average price target of $398.86, while the company also pays a small 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 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

Shares of LPL Financial stock remained flat at $295.18 during mid-day trading on Friday. 659,966 shares of the stock traded hands, compared to its average volume of 1,106,948. The firm's 50-day simple moving average is $294.76 and its 200-day simple moving average is $321.85. The company has a market cap of $23.61 billion, a price-to-earnings ratio of 26.36, a P/E/G ratio of 0.61 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. LPL Financial Holdings Inc. has a twelve month low of $260.15 and a twelve month high of $403.58.

LPL Financial (NASDAQ:LPLA - Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The financial services provider reported $5.60 EPS for the quarter, beating analysts' consensus estimates of $5.49 by $0.11. The firm had revenue of $4.94 billion for 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 firm's quarterly revenue was up 34.6% on a year-over-year basis. During the same period in the prior year, the firm posted $5.15 earnings per share. Sell-side analysts expect that LPL Financial Holdings Inc. will post 22.94 earnings per share for the current year.

LPL Financial Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on LPLA. Citizens Jmp reiterated a "market outperform" rating and set a $500.00 price target on shares of LPL Financial in a report on Monday, April 6th. William Blair restated an "outperform" rating on shares of LPL Financial in a report on Thursday, June 4th. Morgan Stanley decreased their target price on shares of LPL Financial from $447.00 to $374.00 and set an "overweight" rating on the stock in a research report on Friday, April 10th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of LPL Financial in a research note on Monday, April 27th. Finally, UBS Group lifted their price target on shares of LPL Financial from $380.00 to $395.00 and gave the company a "buy" rating in a research report on Friday, May 1st. One investment 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. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $398.86.

Insider Activity at LPL Financial

In other LPL Financial news, Director Aneri Jambusaria sold 308 shares of the stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $306.00, for a total value of $94,248.00. Following the sale, the director directly owned 6,415 shares of the company's stock, valued at approximately $1,962,990. This represents a 4.58% decrease in their position. The sale was disclosed in a document filed 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 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 sale, the chief financial officer owned 19,803 shares in the company, valued at $6,535,188.03. The trade was a 5.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 1,887 shares of company stock valued at $613,144 in the last quarter. 0.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On LPL Financial

Several institutional investors and hedge funds have recently modified their holdings of the company. NewEdge Advisors LLC grew its position 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. boosted 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 buying an additional 1,089 shares during the period. Woodline Partners LP acquired a new position in shares of LPL Financial during the first quarter worth about $1,636,000. Focus Partners Wealth raised its holdings in LPL Financial by 12.2% in the first quarter. Focus Partners Wealth now owns 4,360 shares of the financial services provider's stock valued at $1,426,000 after acquiring an additional 473 shares in the last quarter. Finally, Acadian Asset Management LLC purchased a new position in LPL Financial in the first quarter worth approximately $121,000. 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.

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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