Hargreaves Lansdown (LON:HL) Stock Passes Above Two Hundred Day Moving Average of $942.24

Hargreaves Lansdown plc (LON:HL)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 942.24 ($12.32) and traded as high as GBX 1,117.50 ($14.61). Hargreaves Lansdown shares last traded at GBX 1,107 ($14.48), with a volume of 369,429 shares changing hands.

Wall Street Analysts Forecast Growth

HL has been the subject of several recent analyst reports. Canaccord Genuity Group reissued a “buy” rating and set a GBX 1,342 ($17.55) price objective on shares of Hargreaves Lansdown in a report on Wednesday, June 19th. Shore Capital restated a “buy” rating on shares of Hargreaves Lansdown in a research report on Friday, August 9th. JPMorgan Chase & Co. upped their target price on shares of Hargreaves Lansdown from GBX 671 ($8.77) to GBX 684 ($8.94) and gave the stock an “underweight” rating in a research report on Monday, July 15th. Finally, Jefferies Financial Group downgraded Hargreaves Lansdown to a “hold” rating and raised their price target for the company from GBX 1,035 ($13.53) to GBX 1,140 ($14.91) in a research report on Wednesday, June 19th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of GBX 1,048.20 ($13.71).

Hargreaves Lansdown Trading Down 0.1 %

The firm’s 50-day simple moving average is GBX 1,100.07 and its 200-day simple moving average is GBX 942.24. The firm has a market capitalization of £5.24 billion, a PE ratio of 1,785.48, a price-to-earnings-growth 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 business also recently declared 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 a positive change 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 presently 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.