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

Posted by Lindsey Winhoffer on Apr 10th, 2026

Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently bought shares of LPL Financial Holdings Inc. (NASDAQ:LPLA). In a filing disclosed on April 07th, the Representative disclosed that they had bought between $1,001 and $15,000 in LPL Financial stock on March 27th. 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):

Sold $1,001 – $15,000 in shares of MACOM Technology Solutions (NASDAQ:MTSI) on 3/27/2026.
Purchased $1,001 – $15,000 in shares of StandardAero (NYSE:SARO) on 3/27/2026.
Purchased $1,001 – $15,000 in shares of FirstService (NASDAQ:FSV) on 3/27/2026.
Sold $1,001 – $15,000 in shares of Charles Schwab (NYSE:SCHW) on 3/27/2026.
Sold $1,001 – $15,000 in shares of Advanced Energy Industries (NASDAQ:AEIS) on 3/27/2026.
Sold $1,001 – $15,000 in shares of Flex (NASDAQ:FLEX) on 3/27/2026.
Purchased $1,001 – $15,000 in shares of DoorDash (NASDAQ:DASH) on 3/27/2026.
Sold $1,001 – $15,000 in shares of Viavi Solutions (NASDAQ:VIAV) on 3/27/2026.
Purchased $15,001 – $50,000 in shares of Fabrinet (NYSE:FN) on 3/27/2026.
Purchased $1,001 – $15,000 in shares of Corning (NYSE:GLW) on 3/25/2026.

LPL Financial Trading Up 1.2%

NASDAQ LPLA traded up $3.78 during trading hours on Thursday, hitting $314.57. 577,661 shares of the company’s stock were exchanged, compared to its average volume of 981,437. The business’s 50 day moving average is $318.35 and its 200-day moving average is $342.75. LPL Financial Holdings Inc. has a 12-month low of $281.51 and a 12-month high of $403.58. The firm has a market capitalization of $25.22 billion, a P/E ratio of 28.57, a price-to-earnings-growth ratio of 0.78 and a beta of 0.56. The company has a debt-to-equity ratio of 1.36, a quick ratio of 2.45 and a current ratio of 2.45.

LPL Financial (NASDAQ:LPLA – Get Free Report) last released its earnings results on Thursday, January 29th. The financial services provider reported $5.23 earnings per share for the quarter, topping the consensus estimate of $4.82 by $0.41. LPL Financial had a return on equity of 34.19% and a net margin of 5.08%.The firm had revenue of $4.93 billion for the quarter, compared to the consensus estimate of $4.90 billion. During the same period in the prior year, the business posted $4.25 earnings per share. The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. As a group, analysts anticipate that LPL Financial Holdings Inc. will post 19.35 EPS for the current fiscal year.

LPL Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 24th. Investors of record on Tuesday, March 10th were given a dividend of $0.30 per share. The ex-dividend date was Tuesday, March 10th. This represents a $1.20 annualized dividend and a yield of 0.4%. LPL Financial’s dividend payout ratio is 10.90%.

Institutional Investors Weigh In On LPL Financial

Large investors have recently modified their holdings of the stock. Rockefeller Capital Management L.P. raised its holdings in shares of LPL Financial by 64.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 5,207 shares of the financial services provider’s stock valued at $1,860,000 after buying an additional 2,042 shares during the period. Meadowbrook Advisors Group LLC purchased a new stake in shares of LPL Financial during the 4th quarter valued at about $203,000. Corient Private Wealth LLC raised its holdings in shares of LPL Financial by 1.6% during the 4th quarter. Corient Private Wealth LLC now owns 32,951 shares of the financial services provider’s stock valued at $11,769,000 after buying an additional 528 shares during the period. Reflection Asset Management purchased a new stake in shares of LPL Financial during the 4th quarter valued at about $50,000. Finally, Tobam raised its holdings in shares of LPL Financial by 13.6% during the 4th quarter. Tobam now owns 15,505 shares of the financial services provider’s stock valued at $5,538,000 after buying an additional 1,857 shares during the period. Institutional investors and hedge funds own 95.66% of the company’s stock.

Key Headlines Impacting LPL Financial

Here are the key news stories impacting LPL Financial this week:

Positive Sentiment: UBS upgraded LPL from “neutral” to “buy” and set a $380 price target (down from $406), signaling renewed conviction in the company’s outlook and providing meaningful upside from current levels. Read More.
Positive Sentiment: Keefe, Bruyette & Woods initiated coverage with an “outperform” rating and $350 target, adding another institutional buy-side voice and potential support for the shares. Read More.
Positive Sentiment: Citizens JMP gave LPL a “market outperform” rating, reinforcing the recent upgrade momentum from multiple brokers. Read More.
Neutral Sentiment: Barclays cut its price target from $435 to $369 but maintained an “overweight” rating—still indicating upside vs. current price but reflecting a more conservative view than before. Read More.
Neutral Sentiment: LPL published its Q1 2026 earnings release date and will host a conference call on April 30 after the close; this scheduled event is likely to increase short-term volatility and be the next major fundamental catalyst. Read More.
Neutral Sentiment: A market commentary piece highlighted LPL’s activity in Nasdaq futures and capital-flow tracking—useful for context but unlikely to move the stock absent material client or asset-flow disclosures. Read More.
Negative Sentiment: Jefferies issued a pessimistic forecast for LPL’s stock price, introducing a dissenting view that could weigh on sentiment if echoed by other sell-side firms. Read More.

Insider Activity at LPL Financial

In related news, Director Marc Eliot Cohen sold 1,088 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $309.72, for a total transaction of $336,975.36. Following the sale, the director directly owned 4,400 shares in the company, valued at approximately $1,362,768. This trade represents a 19.83% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Matthew J. Audette sold 1,581 shares of the firm’s stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $320.50, for a total value of $506,710.50. Following the sale, the chief financial officer owned 21,382 shares in the company, valued at approximately $6,852,931. The trade was a 6.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 6,990 shares of company stock worth $2,201,837. 1.30% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on LPLA. Barclays reduced their target price on LPL Financial from $435.00 to $369.00 and set an “overweight” rating on the stock in a research report on Wednesday. JPMorgan Chase & Co. raised their price objective on LPL Financial from $433.00 to $439.00 and gave the stock an “overweight” rating in a report on Friday, January 30th. UBS Group upgraded LPL Financial from a “neutral” rating to a “buy” rating and cut their price objective for the stock from $406.00 to $380.00 in a report on Wednesday. Wolfe Research set a $478.00 price target on shares of LPL Financial in a report on Friday, January 30th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of LPL Financial in a research report on Tuesday, February 3rd. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $407.14.

Get Our Latest Research Report on LPL Financial

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

(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.