Hargreaves Lansdown plc (LON:HL – Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 971.86 ($13.01) and traded as high as GBX 1,110.50 ($14.87). Hargreaves Lansdown shares last traded at GBX 1,110.50 ($14.87), with a volume of 701,852 shares changing hands.
Analyst Ratings Changes
A number of equities analysts recently issued reports on HL shares. Jefferies Financial Group lowered Hargreaves Lansdown to a “hold” rating and raised their target price for the stock from GBX 1,035 ($13.86) to GBX 1,140 ($15.27) in a research note on Wednesday, June 19th. JPMorgan Chase & Co. raised their price objective on Hargreaves Lansdown from GBX 671 ($8.99) to GBX 684 ($9.16) and gave the stock an “underweight” rating in a research note on Monday, July 15th. Shore Capital reiterated a “buy” rating on shares of Hargreaves Lansdown in a research report on Friday, August 9th. Finally, Canaccord Genuity Group reissued a “buy” rating and set a GBX 1,342 ($17.97) price target on shares of Hargreaves Lansdown in a research report on Wednesday, June 19th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Hargreaves Lansdown presently has a consensus rating of “Hold” and an average target price of GBX 1,048.20 ($14.04).
View Our Latest Analysis on Hargreaves Lansdown
Hargreaves Lansdown Trading Down 0.0 %
Hargreaves Lansdown Increases Dividend
The firm also recently disclosed a dividend, which will be paid on Friday, November 1st. Investors of record on Thursday, October 3rd will be paid a dividend of GBX 30 ($0.40) per share. This represents a yield of 2.78%. The ex-dividend date of this dividend is Thursday, October 3rd. This is a boost from Hargreaves Lansdown’s previous dividend of $13.20. Hargreaves Lansdown’s dividend payout ratio is currently 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.
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