Hargreaves Lansdown (LON:HL) Receives Buy Rating from Jefferies Financial Group

Jefferies Financial Group reissued their buy rating on shares of Hargreaves Lansdown (LON:HL) in a research report released on Wednesday, Marketbeat.com reports. Jefferies Financial Group currently has a GBX 1,035 ($13.00) price target on the stock.

A number of other brokerages also recently weighed in on HL. Royal Bank of Canada lowered their target price on shares of Hargreaves Lansdown from GBX 850 ($10.68) to GBX 825 ($10.36) and set a sector perform rating on the stock in a report on Monday, February 26th. Shore Capital restated a buy rating on shares of Hargreaves Lansdown in a report on Tuesday, April 30th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of Hold and a consensus target price of GBX 921.20 ($11.57).

Hargreaves Lansdown Price Performance

LON HL opened at GBX 812 ($10.20) on Wednesday. The company has a quick ratio of 2.04, a current ratio of 2.27 and a debt-to-equity ratio of 1.43. 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 market capitalization of £3.85 billion, a PE ratio of 1,176.81, a price-to-earnings-growth ratio of 4.22 and a beta of 0.62. The firm’s 50 day moving average is GBX 739.43 and its 200-day moving average is GBX 738.50.

Hargreaves Lansdown Cuts Dividend

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

Insider Buying and Selling at Hargreaves Lansdown

In related news, insider Alison Platt acquired 18,696 shares of the firm’s stock in a transaction on Monday, February 26th. The shares were purchased at an average cost of GBX 748 ($9.40) per share, for a total transaction of £139,846.08 ($175,663.96). In other Hargreaves Lansdown news, insider Amy Stirling bought 6,764 shares of Hargreaves Lansdown stock in a transaction dated Friday, February 23rd. The stock was bought at an average price of GBX 739 ($9.28) per share, with a total value of £49,985.96 ($62,788.54). Also, insider Alison Platt bought 18,696 shares of Hargreaves Lansdown stock in a transaction dated Monday, February 26th. The stock was acquired at an average cost of GBX 748 ($9.40) per share, with a total value of £139,846.08 ($175,663.96). Insiders have purchased a total of 29,459 shares of company stock worth $21,966,458 over the last ninety days. Insiders own 25.77% of the company’s stock.

Hargreaves Lansdown Company Profile

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.