Finance Director at Hargreaves sells shares

Tracey Taylor, Group Finance Director of Hargreaves Lansdown, has ditched 8,700 shares in the firm just two weeks after the company unveiled record results for the first quarter of 2012. Taylor, a member of the Hargreaves board since 2008, sold the shares for 520p each, alongside a familiy member who traded in 2,300 share at the same price. Taylor's stake in the firm now stands at 745,641 ordinary shares, which represents 0.16% of the issued share capital.Just a fortnight ago that company posted a record level of assets under administration (AuA) in the three months to March 31st despite the tough macro-economic conditions. Total AuA increased to £26bn, up 11% on the £23.4bn reported in the three months to December 31st 2011, in comparison to the FTSE All-Share Index which rose by just 5.1%. Total operating revenue in the quarter was £62.1m, up 17% on the preceding quarter, helped by higher asset values and new business inflows. Meanwhile the £175m generated in the nine months to March 31st was 16% higher than the same period the year before. During this nine-month before, recurring revenues now account for 80% of group operating revenues, up from 77% the year before. On Wednesday, the day the sales were announced, the share price fell 0.57% to 527.50p. Top Director BuysLED International Holdings Ltd (DI) (LED) Director name: Mr Stephen ChanAmount purchased: 87,286,544 @ 0.38p Value: £331,689General Electric Co (GEC) Director name: Mr Alan G LafleyAmount purchased: 30,000 @ € 14.72 Value: € 441,630General Electric Co (GEC) Director name: Ms Rochelle B LazarusAmount purchased: 2,000 @ € 14.84 Value: € 29,682General Electric Co (GEC) Director name: Ms Rochelle B LazarusAmount purchased: 1,000 @ € 14.97 Value: € 14,969General Electric Co (GEC) Director name: Ms Rochelle B LazarusAmount purchased: 1,000 @ € 14.96 Value: € 14,962Ladbrokes (LAD) Director name: Mr Ian BullAmount purchased: 10,900 @ 180.50p Value: £19,674Ladbrokes (LAD) Director name: Mr Ian BullAmount purchased: 9,600 @ 179.70p Value: £17,251Top Director SellsLED International Holdings Ltd (DI) (LED) Director name: Mr Thomas LiAmount sold: 88,483,352 @ 0.38p Value: £336,237Orogen Gold (ORE) Director name: Mr Adam ReynoldsAmount sold: 10,000,000 @ 0.95p Value: £95,000Hargreaves Lansdown (HL.) Director name: Ms Tracey TaylorAmount sold: 8,700 @ 529.00p Value: £46,023Hargreaves Lansdown (HL.) Director name: Ms Tracey TaylorAmount sold: 2,300 @ 529.00p Value: £12,167NR