Hargreaves Lansdown (LON:HL) Shares Cross Above Two Hundred Day Moving Average of $954.04

Hargreaves Lansdown plc (LON:HL) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 954.04 ($12.60) and traded as high as GBX 1,111.50 ($14.68). Hargreaves Lansdown shares last traded at GBX 1,106 ($14.61), with a volume of 1,259,493 shares.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. JPMorgan Chase & Co. upped their target price on shares of Hargreaves Lansdown from GBX 671 ($8.86) to GBX 684 ($9.04) and gave the company an “underweight” rating in a report on Monday, July 15th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 1,342 ($17.73) target price on shares of Hargreaves Lansdown in a report on Wednesday, June 19th. Jefferies Financial Group lowered Hargreaves Lansdown to a “hold” rating and boosted their price target for the company from GBX 1,035 ($13.67) to GBX 1,140 ($15.06) in a report on Wednesday, June 19th. Finally, Shore Capital restated a “buy” rating on shares of Hargreaves Lansdown in a research note on Friday, August 9th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Hargreaves Lansdown currently has an average rating of “Hold” and a consensus price target of GBX 1,048.20 ($13.85).

Hargreaves Lansdown Stock Performance

The firm’s 50 day simple moving average is GBX 1,099.31 and its 200 day simple moving average is GBX 954.04. The firm has a market cap of £5.24 billion, a PE ratio of 1,783.87, a PEG ratio of 4.22 and a beta of 0.66. The company has a current ratio of 2.15, a quick ratio of 2.04 and a debt-to-equity ratio of 1.05.

Hargreaves Lansdown Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, November 1st. Investors of record on Thursday, October 3rd will be given a GBX 30 ($0.40) dividend. This is an increase from Hargreaves Lansdown’s previous dividend of $13.20. This represents a dividend yield of 2.78%. The ex-dividend date is Thursday, October 3rd. Hargreaves Lansdown’s payout ratio is currently 6,935.48%.

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.