Wednesday, February 28, 2018 10:15 PM ET
Significant Insider Selling Continues at LPL Financial Holdings (LPLA)
One LPL Financial Holdings insider Marco Hellman, Director, today, sold 207,734 shares having a market value of approximately $13,745,603, as disclosed in a form 4 document filed with the SEC. There have been 2 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the sale of 1,154,004 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 1,361,738 shares and have averaged 453,913 shares per transaction over this time period.
The number of insider buy/sell trades at LPL Financial Holdings is above the 15 peer company average over the last 90-day period. The Investment Banking & Brokerage Services peer group saw 21 buy/sell trades during this period for an average of 1.4 transactions per company. The number of shares per buy/sell trade for LPL Financial Holdings insiders was also higher. Within the peer group there were 0 shares purchased and 2,554,447 shares sold with company insiders having sold 121,640 shares on average.
The data used in composing and writing in this story eliminates 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.
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