Hargreaves Lansdown (LON:HL) Stock Passes Above 200-Day Moving Average of $954.04

Hargreaves Lansdown plc (LON:HL) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 954.04 ($12.60) and traded as high as GBX 1,111.50 ($14.68). Hargreaves Lansdown shares last traded at GBX 1,106 ($14.61), with a volume of 1,259,493 shares.

Analyst Ratings Changes

Several research analysts have weighed in on HL shares. Shore Capital restated a “buy” rating on shares of Hargreaves Lansdown in a report on Friday, August 9th. Jefferies Financial Group downgraded shares of Hargreaves Lansdown to a “hold” rating and upped their price objective for the stock from GBX 1,035 ($13.67) to GBX 1,140 ($15.06) in a report on Wednesday, June 19th. JPMorgan Chase & Co. increased their target price on shares of Hargreaves Lansdown from GBX 671 ($8.86) to GBX 684 ($9.04) and gave the company an “underweight” rating in a report on Monday, July 15th. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 1,342 ($17.73) target price on shares of Hargreaves Lansdown in a report on Wednesday, June 19th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Hargreaves Lansdown presently has a consensus rating of “Hold” and a consensus price target of GBX 1,048.20 ($13.85).

Hargreaves Lansdown Trading Up 0.2 %

The firm’s 50 day moving average is GBX 1,099.67 and its 200 day moving average is GBX 958.99. The company has a market cap of £5.25 billion, a PE ratio of 1,787.10, 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 business also recently announced a dividend, which will be paid on Friday, November 1st. Shareholders of record on Thursday, October 3rd will be given a dividend of GBX 30 ($0.40) per share. The ex-dividend date is Thursday, October 3rd. This is a positive change from Hargreaves Lansdown’s previous dividend of $13.20. This represents a yield of 2.78%. Hargreaves Lansdown’s payout ratio 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.