Hargreaves Lansdown (LON:HL) Shares Pass Above 200-Day Moving Average – Here’s What Happened

Hargreaves Lansdown plc (LON:HL) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 989.94 ($12.96) and traded as high as GBX 1,084.50 ($14.19). Hargreaves Lansdown shares last traded at GBX 1,083.50 ($14.18), with a volume of 2,296,616 shares trading hands.

Analysts Set New Price Targets

HL has been the subject of a number of analyst reports. Canaccord Genuity Group restated a “buy” rating and issued a GBX 1,342 ($17.56) price objective on shares of Hargreaves Lansdown in a research report on Wednesday, June 19th. Shore Capital reaffirmed a “buy” rating on shares of Hargreaves Lansdown in a report on Friday, August 9th. Jefferies Financial Group lowered Hargreaves Lansdown to a “hold” rating and increased their price objective for the company from GBX 1,035 ($13.55) to GBX 1,140 ($14.92) in a research note on Wednesday, June 19th. Finally, JPMorgan Chase & Co. boosted their price target on Hargreaves Lansdown from GBX 671 ($8.78) to GBX 684 ($8.95) and gave the company an “underweight” rating in a report on Monday, July 15th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of GBX 1,048.20 ($13.72).

Hargreaves Lansdown Stock Performance

The business has a fifty day simple moving average of GBX 1,099.02 and a 200-day simple moving average of GBX 989.94. The firm has a market cap of £5.14 billion, a P/E ratio of 1,747.58, a P/E/G ratio of 4.22 and a beta of 0.66. The company has a quick ratio of 2.04, a current ratio of 2.15 and a debt-to-equity ratio of 1.05.

Hargreaves Lansdown Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, November 1st. Investors of record on Thursday, October 3rd will be given a dividend of GBX 30 ($0.39) per share. This represents a yield of 2.78%. This is an increase from Hargreaves Lansdown’s previous dividend of $13.20. The ex-dividend date of this dividend is Thursday, October 3rd. Hargreaves Lansdown’s dividend payout ratio is 6,935.48%.

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.