LPL Investment Holdings: Exec Insider and Fund Stock Sales in Q3

Insiders are generally long-term investors due to restriction in making short-term profits. In contrast, wealth management institutions always have short-term investment. Wall St. Watchdog reveals information regarding the insiders and institutions which recently decreased stock shares of LPL Investment Holdings Inc. (NASDAQ:LPLA).

SEC data indicate these insiders have sold LPL Investment Holdings Inc.’s stock since 06/30/2011:

  • Eaton Jonathan: act as MD, Custom Clearing Services. On 11/07/2011, sold 1,250 shares, worth $36,000.
  • Eaton Jonathan: act as MD, Custom Clearing Services. On 10/31/2011, sold 1,250 shares, worth $35,800.
  • Eaton Jonathan: act as MD, Custom Clearing Services. On 11/14/2011, sold 1,250 shares, worth $35,500.
  • Eaton Jonathan: act as MD, Custom Clearing Services. On 11/21/2011, sold 1,250 shares, worth $35,100.
  • Eaton Jonathan: act as MD, Custom Clearing Services. On 11/28/2011, sold 1,250 shares, worth $34,700.

SEC data indicate that these institutions significantly reduced their stock shares of LPL Investment Holdings Inc. in Q3 2011:

  • BRIDGER MANAGEMENT LLC: On 06/30/2011, held 1,490,000 shares, worth $50,972,900. On 09/30/2011, held 0 shares.
  • AMERIPRISE FINANCIAL INC: On 06/30/2011, held 508,267 shares, worth $17,387,814. On 09/30/2011, held 0 shares.
  • MATRIX CAPITAL MANAGEMENT COMPANY, LLC: On 06/30/2011, held 317,303 shares, worth $10,854,936. On 09/30/2011, held 0 shares.
  • SIGMA CAPITAL MANAGEMENT LLC: On 06/30/2011, held 200,000 shares, worth $6,842,000. On 09/30/2011, held 0 shares.
  • ALGER FRED MANAGEMENT INC: On 06/30/2011, held 184,281 shares, worth $6,304,253. On 09/30/2011, held 0 shares.

About the company: LPL Investment Holdings, Inc. offers technology, brokerage and investment advisory services through business relationships with all types of financial advisors. Through proprietary technology, custody and clearing platforms, the Company offers access to financial products and services that enable them to provide financial advice and brokerage services to retail investors.

Competitors to Watch: Raymond James Financial, Inc. (NYSE:RJF), Morgan Stanley (NYSE:MS), Ameriprise Financial, Inc. (NYSE:AMP), The Charles Schwab Corp. (NYSE:SCHW), Morningstar, Inc. (NASDAQ:MORN), Financial Engines Inc (NASDAQ:FNGN), FXCM Inc (NYSE:FXCM), The Bank of New York Mellon Corp. (NYSE:BK), Bank of America (NYSE:BAC), Citigroup (NYSE:C), JP Morgan (NYSE:JPM), TD Ameritrade Holding Corp. (NASDAQ:AMTD), and optionsXpress Hldgs., Inc. (NASDAQ:OXPS).

(Note: Data regarding LPL Investment Holdings Inc.’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)

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