Peter Hargreaves sells £550m of HL stock

Strong investor demand

David Brenchley
clock • 1 min read

Hargreaves Lansdown co-founder Peter Hargreaves has offloaded £550m of stock in the company to institutional shareholders, as he looks to “diversify his assets”.

Hargreaves had told the market he intended to sell £500m of stock on Thursday (6 January), but on Friday said he had increased that by £50m due to "strong investor demand". The sale of shares represents around a fifth of Hargreaves' shareholding and the founder insisted he would "remain, and continue to be, a substantial shareholder in Hargreaves Lansdown". "I am very proud of the business that I co-founded and helped to build," Hargreaves said. He now owns 24.3% of the firm's shares. Fund managers who hold Hargreaves have long been bullish on the stock, backing the firm despite cr...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Budget 26: Stamp Duty on shares to be swapped for Securities Transfer Tax

Budget 26: Stamp Duty on shares to be swapped for Securities Transfer Tax

By late 2027

Patrick Brusnahan
clock 28 October 2026 • 1 min read
Investment tax relief rises by smallest amount in four years amid recent Budget measures

Investment tax relief rises by smallest amount in four years amid recent Budget measures

Bowmore Financial Planning research

Jack Roach
clock 28 October 2026 • 2 min read
Defaqto to launch rating for newer funds and portfolios

Defaqto to launch rating for newer funds and portfolios

Combines Defaqto and RSMR expertise

Jen Frost
clock 27 October 2026 • 2 min read