Monday, February 26, 2018 10:15 PM ET
Insider at LPL Financial Holdings (LPLA) Makes Significant Sale of Stock
A notable insider sale of the shares of LPL Financial Holdings was disclosed in a form 4 document filed with the SEC today, showing — Marco Hellman, Director — disposed of 1,150,000 shares in the company having a market value of approximately $71,438,000. This is the first insider buy/sell trade in the past 90 days.
The level of buy-sell trading at LPL Financial Holdings is near the 15 member peer company average. The Investment Banking & Brokerage Services peer group saw 22 buy/sell trades during this period for an average of 1.5 transactions per company. However, the number of shares per buy/sell trade transacted by LPL Financial Holdings insiders is higher. Within the peer group there were 0 shares purchased and 2,039,592 shares sold with company insiders selling 92,709 shares on average.
Significant insider buying and selling activity has been determined by eliminating all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers in data used in creating and writing this story.
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