Hargreaves Lansdown (LON:HL) Stock Passes Above 200-Day Moving Average – What’s Next?

Hargreaves Lansdown plc (LON:HL)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 0 ($0.00) and traded as high as GBX 1,086 ($14.10). Hargreaves Lansdown shares last traded at GBX 1,086 ($14.10), with a volume of 3,328,901 shares changing hands.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on HL shares. JPMorgan Chase & Co. upped their price objective on Hargreaves Lansdown from GBX 671 ($8.71) to GBX 684 ($8.88) and gave the company an “underweight” rating in a research report on Monday, July 15th. Shore Capital reiterated a “buy” rating on shares of Hargreaves Lansdown in a research report 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’s stock. Based on data from MarketBeat, Hargreaves Lansdown has a consensus rating of “Hold” and an average price target of GBX 1,048.20 ($13.61).

Hargreaves Lansdown Stock Performance

The firm has a fifty day moving average price of GBX 1,097.98. The stock has a market cap of £5.15 billion, a P/E ratio of 1,751.61, a PEG ratio of 4.22 and a beta of 0.66. The company has a debt-to-equity ratio of 1.05, a current ratio of 2.15 and a quick ratio of 2.04.

Hargreaves Lansdown Increases Dividend

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