Hargreaves Lansdown (LON:HL) Shares Cross Above 200 Day Moving Average of $737.50

Shares of 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 737.50 ($9.11) and traded as high as GBX 754.40 ($9.32). Hargreaves Lansdown shares last traded at GBX 747.80 ($9.24), with a volume of 496,706 shares trading hands.

Wall Street Analyst Weigh In

Several brokerages have weighed in on HL. Shore Capital reiterated a “buy” rating on shares of Hargreaves Lansdown in a research note on Thursday, February 22nd. Royal Bank of Canada dropped their price target on shares of Hargreaves Lansdown from GBX 850 ($10.50) to GBX 825 ($10.19) and set a “sector perform” rating for the company in a research report on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of GBX 887.75 ($10.97).

Hargreaves Lansdown Trading Down 1.6 %

The firm’s fifty day simple moving average is GBX 742.02 and its 200 day simple moving average is GBX 737.50. The stock has a market capitalization of £3.49 billion, a P/E ratio of 1,066.96, a price-to-earnings-growth ratio of 4.22 and a beta of 0.62. The company has a debt-to-equity ratio of 1.43, a quick ratio of 2.04 and a current ratio of 2.27.

Hargreaves Lansdown Cuts Dividend

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

Insider Buying and Selling at Hargreaves Lansdown

In related news, insider Amy Stirling acquired 6,764 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was acquired at an average cost of GBX 739 ($9.13) per share, for a total transaction of £49,985.96 ($61,741.55). In other news, insider Amy Stirling acquired 6,764 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were bought at an average price of GBX 739 ($9.13) per share, with a total value of £49,985.96 ($61,741.55). Also, insider Alison Platt bought 18,696 shares of the stock in a transaction on Monday, February 26th. The stock was purchased at an average cost of GBX 748 ($9.24) per share, with a total value of £139,846.08 ($172,734.78). In the last quarter, insiders have acquired 29,459 shares of company stock valued at $21,966,458. 25.77% of the stock is currently owned by corporate 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.