Hargreaves Lansdown (LON:HL) Stock Crosses Above 200 Day Moving Average of $738.32

Hargreaves Lansdown plc (LON:HL)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 738.32 ($9.19) and traded as high as GBX 740 ($9.21). Hargreaves Lansdown shares last traded at GBX 730 ($9.09), with a volume of 708,729 shares changing hands.

Analyst Ratings Changes

Several research firms recently weighed in on HL. Royal Bank of Canada reduced their target price on Hargreaves Lansdown from GBX 850 ($10.58) to GBX 825 ($10.27) and set a “sector perform” rating on the stock in a research report on Monday, February 26th. Shore Capital reiterated a “buy” rating on shares of Hargreaves Lansdown in a report on Thursday, February 22nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of GBX 887.75 ($11.05).

Hargreaves Lansdown Stock Down 1.1 %

The firm has a market capitalization of £3.42 billion, a PE ratio of 1,057.97, a price-to-earnings-growth ratio of 4.22 and a beta of 0.62. The company has a current ratio of 2.27, a quick ratio of 2.04 and a debt-to-equity ratio of 1.43. The firm has a 50-day moving average of GBX 751.01 and a two-hundred day moving average of GBX 738.32.

Hargreaves Lansdown Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, February 29th were issued a GBX 13.20 ($0.16) dividend. The ex-dividend date was Thursday, February 29th. This represents a dividend yield of 1.64%. Hargreaves Lansdown’s dividend payout ratio (DPR) is 6,086.96%.

Insider Transactions at Hargreaves Lansdown

In other Hargreaves Lansdown news, insider Amy Stirling acquired 6,764 shares of the company’s stock in a transaction dated Friday, February 23rd. The stock was bought at an average price of GBX 739 ($9.20) per share, with a total value of £49,985.96 ($62,225.77). In related news, insider Amy Stirling bought 6,764 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was bought at an average price of GBX 739 ($9.20) per share, with a total value of £49,985.96 ($62,225.77). Also, insider Darren Pope bought 3,999 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The shares were bought at an average price of GBX 746 ($9.29) per share, for a total transaction of £29,832.54 ($37,137.48). In the last quarter, insiders bought 29,459 shares of company stock worth $21,966,458. 25.77% of the stock is currently owned by company insiders.

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.