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Hargreaves Lansdown insider buys on upgrades

£196k stock purchase by non-executive director John Troiano followed two bullish analyst notes
October 28, 2020
  • Bullish remarks from City analysts coincides with a chunky insider purchase
  • Former Schroders executive John Troiano acquired £196k-worth of stock
IC TIP: Hold at 1,360p

On several important metrics, the third quarter of 2020 was another great one for Hargreaves Landsdown (HL.). Clients using the FTSE 100 firm’s DIY investment platform edged up 31,000 to 1.44 million, while strong share dealing volumes meant revenue was 12 per cent ahead of the same period in 2019, despite the FTSE All-Share Index trading 18 per cent lower.

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