Hargreaves Lansdown plc (LON:HL) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Hargreaves Lansdown plc (LON:HL) have been given a consensus recommendation of “Hold” by the six ratings firms that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is GBX 921.20 ($11.57).

A number of research analysts have recently commented on the stock. Jefferies Financial Group reissued 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. Barclays raised their target price on shares of Hargreaves Lansdown from GBX 1,210 ($15.20) to GBX 1,250 ($15.70) and gave the company an “overweight” rating in a research report on Wednesday, May 1st. Royal Bank of Canada dropped their price target 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. Finally, Shore Capital restated a “buy” rating on shares of Hargreaves Lansdown in a research report on Tuesday, April 30th.

Hargreaves Lansdown Price Performance

Hargreaves Lansdown stock opened at GBX 824.80 ($10.36) on Wednesday. The stock has a fifty day moving average of GBX 740.69 and a 200-day moving average of GBX 738.83. The stock has a market capitalization of £3.91 billion, a P/E ratio of 1,176.81, a price-to-earnings-growth ratio of 4.22 and a beta of 0.62. The company has a debt-to-equity ratio of 1.43, a quick ratio of 2.04 and a current ratio of 2.27. Hargreaves Lansdown has a 52 week low of GBX 676.40 ($8.50) and a 52 week high of GBX 944.80 ($11.87).

Hargreaves Lansdown Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, February 29th were issued a dividend of GBX 13.20 ($0.17) per share. 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 (DPR) is presently 6,086.96%.

Insider Buying and Selling

In related news, insider Darren Pope purchased 3,999 shares of the firm’s stock in a transaction dated 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 ($37,478.07). In other news, insider Amy Stirling bought 6,764 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were acquired at an average price of GBX 739 ($9.28) per share, for a total transaction of £49,985.96 ($62,796.43). Also, insider Darren Pope purchased 3,999 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were purchased at an average cost of GBX 746 ($9.37) per share, for a total transaction of £29,832.54 ($37,478.07). Insiders have acquired a total of 29,459 shares of company stock valued at $21,966,458 over the last 90 days. 25.77% of the stock is owned by 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.