Hargreaves Lansdown plc (LON:HL) Receives Consensus Rating of “Hold” from Analysts

Hargreaves Lansdown plc (LON:HL) has received a consensus rating of “Hold” from the six research firms that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is GBX 921.20 ($11.57).

Several research firms have recently issued reports on HL. Royal Bank of Canada lowered their price objective on Hargreaves Lansdown from GBX 850 ($10.68) to GBX 825 ($10.36) and set a “sector perform” rating for the company in a research note on Monday, February 26th. Barclays lifted their price objective on shares of Hargreaves Lansdown from GBX 1,210 ($15.20) to GBX 1,250 ($15.70) and gave the stock an “overweight” rating in a research note on Wednesday, May 1st. Jefferies Financial Group restated a “buy” rating and issued a GBX 1,035 ($13.00) target price on shares of Hargreaves Lansdown in a report on Wednesday, May 1st. Finally, Shore Capital reiterated a “buy” rating on shares of Hargreaves Lansdown in a report on Tuesday, April 30th.

Hargreaves Lansdown Stock Up 0.4 %

Shares of LON HL opened at GBX 812 ($10.20) on Wednesday. The stock has a market capitalization of £3.85 billion, a price-to-earnings ratio of 1,176.81, a P/E/G ratio of 4.22 and a beta of 0.62. Hargreaves Lansdown has a 12-month low of GBX 676.40 ($8.50) and a 12-month high of GBX 944.80 ($11.87). The company has a current ratio of 2.27, a quick ratio of 2.04 and a debt-to-equity ratio of 1.43. The firm’s 50-day moving average price is GBX 739.43 and its 200-day moving average price is GBX 738.34.

Hargreaves Lansdown Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, February 29th were issued a GBX 13.20 ($0.17) dividend. This represents a dividend yield of 1.64%. The ex-dividend date was Thursday, February 29th. Hargreaves Lansdown’s payout ratio is presently 6,086.96%.

Insider Transactions at Hargreaves Lansdown

In other news, insider Amy Stirling purchased 6,764 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were acquired at an average price of GBX 739 ($9.28) per share, with a total value of £49,985.96 ($62,788.54). In other Hargreaves Lansdown news, insider Darren Pope acquired 3,999 shares of Hargreaves Lansdown stock in a transaction that occurred on Wednesday, February 28th. The stock was bought at an average price of GBX 746 ($9.37) per share, with a total value of £29,832.54 ($37,473.36). Also, insider Amy Stirling purchased 6,764 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was bought at an average price of GBX 739 ($9.28) per share, for a total transaction of £49,985.96 ($62,788.54). Over the last three months, insiders have purchased 29,459 shares of company stock valued at $21,966,458. 25.77% of the stock is currently owned by company insiders.

About Hargreaves Lansdown

Hargreaves Lansdown plc provides investment services for individuals and corporates in the United Kingdom and Poland. The company offers stocks and shares individual savings accounts (ISAs), fund and share accounts, and junior and lifetime ISAs. It also provides pension services, including self-invested personal pensions (SIPP), junior SIPPs, annuities, and drawdown; share dealing services; fund dealing; and cash management services.