Hargreaves Lansdown (LON:HL) Share Price Crosses Above 200 Day Moving Average of $739.67

Hargreaves Lansdown plc (LON:HL)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 739.67 ($9.29) and traded as high as GBX 835.60 ($10.50). Hargreaves Lansdown shares last traded at GBX 824.80 ($10.36), with a volume of 765,148 shares traded.

Analyst Ratings Changes

HL has been the topic of a number of analyst reports. Barclays boosted their price objective on Hargreaves Lansdown from GBX 1,210 ($15.20) to GBX 1,250 ($15.70) and gave the company an “overweight” rating in a research note on Wednesday, May 1st. Jefferies Financial Group reissued a “buy” rating and issued a GBX 1,035 ($13.00) price target on shares of Hargreaves Lansdown in a report on Wednesday, May 1st. Royal Bank of Canada reduced their price objective on shares of Hargreaves Lansdown from GBX 850 ($10.68) to GBX 825 ($10.36) and set a “sector perform” rating for the company in a research note on Monday, February 26th. Finally, Shore Capital reiterated a “buy” rating on shares of Hargreaves Lansdown in a research note on Tuesday, April 30th. 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. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of GBX 921.20 ($11.57).

Hargreaves Lansdown Price Performance

The firm has a market capitalization of £3.87 billion, a PE ratio of 1,195.36, a P/E/G ratio of 4.22 and a beta of 0.62. The company has a debt-to-equity ratio of 1.43, a current ratio of 2.27 and a quick ratio of 2.04. The business’s 50 day moving average is GBX 743.38 and its two-hundred day moving average is GBX 740.27.

Hargreaves Lansdown Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, February 29th were issued a GBX 13.20 ($0.17) dividend. This represents a dividend yield of 1.64%. The ex-dividend date of this dividend was Thursday, February 29th. Hargreaves Lansdown’s payout ratio is 6,086.96%.

Insider Activity

In other news, insider Alison Platt purchased 18,696 shares of the company’s stock in a transaction on Monday, February 26th. The stock was purchased at an average price of GBX 748 ($9.40) per share, with a total value of £139,846.08 ($175,686.03). In other Hargreaves Lansdown news, insider Darren Pope acquired 3,999 shares of the stock in a transaction dated Wednesday, February 28th. The stock was purchased at an average cost of GBX 746 ($9.37) per share, for a total transaction of £29,832.54 ($37,478.07). Also, insider Alison Platt acquired 18,696 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was acquired at an average cost of GBX 748 ($9.40) per share, with a total value of £139,846.08 ($175,686.03). In the last quarter, insiders have purchased 29,459 shares of company stock worth $21,966,458. 25.77% of the stock is currently owned by corporate insiders.

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.