Hargreaves Lansdown plc (LON:HL) Announces Dividend of GBX 30

Hargreaves Lansdown plc (LON:HL) declared a dividend on Friday, August 9th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, October 3rd will be paid a dividend of GBX 30 ($0.40) per share on Friday, November 1st. This represents a yield of 2.78%. The ex-dividend date is Thursday, October 3rd. This is an increase from Hargreaves Lansdown’s previous dividend of $13.20. The official announcement can be viewed at this link.

Hargreaves Lansdown Stock Performance

LON:HL opened at GBX 1,114.50 ($14.91) on Tuesday. The business has a 50 day moving average price of GBX 1,100.55 and a 200-day moving average price of GBX 976.93. Hargreaves Lansdown has a fifty-two week low of GBX 676.40 ($9.05) and a fifty-two week high of GBX 1,169 ($15.64). The firm has a market cap of £5.28 billion, a PE ratio of 1,790.32, a price-to-earnings-growth ratio of 4.22 and a beta of 0.66. The company has a debt-to-equity ratio of 1.05, a quick ratio of 2.04 and a current ratio of 2.15.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. increased their price objective on Hargreaves Lansdown from GBX 671 ($8.98) to GBX 684 ($9.15) and gave the stock an “underweight” rating in a report on Monday, July 15th. Jefferies Financial Group downgraded Hargreaves Lansdown to a “hold” rating and boosted their target price for the stock from GBX 1,035 ($13.84) to GBX 1,140 ($15.25) in a report on Wednesday, June 19th. Canaccord Genuity Group restated a “buy” rating and set a GBX 1,342 ($17.95) price target on shares of Hargreaves Lansdown in a report on Wednesday, June 19th. Finally, Shore Capital reiterated a “buy” rating on shares of Hargreaves Lansdown in a research note on Friday, August 9th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Hargreaves Lansdown currently has a consensus rating of “Hold” and a consensus price target of GBX 1,048.20 ($14.02).

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.