Hargreaves Lansdown (LON:HL) Given New GBX 1,250 Price Target at Barclays

Hargreaves Lansdown (LON:HL - Free Report) had its price objective increased by Barclays from GBX 1,210 ($15.20) to GBX 1,250 ($15.70) in a research note published on Wednesday, Marketbeat reports. Barclays currently has an overweight rating on the stock.

Other analysts have also issued research reports about the stock. Shore Capital restated a buy rating on shares of Hargreaves Lansdown in a research report on Tuesday. Royal Bank of Canada cut their target price on shares of Hargreaves Lansdown from GBX 850 ($10.68) to GBX 825 ($10.36) and set a sector perform rating on the stock in a research report on Monday, February 26th. Finally, Jefferies Financial Group restated a buy rating and issued a GBX 1,035 ($13.00) target price on shares of Hargreaves Lansdown in a research report on Wednesday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, Hargreaves Lansdown presently has a consensus rating of Hold and a consensus price target of GBX 921.20 ($11.57).

Hargreaves Lansdown Price Performance

Hargreaves Lansdown stock traded up GBX 28.20 ($0.35) during mid-day trading on Wednesday, reaching GBX 813.80 ($10.22). The company had a trading volume of 2,158,244 shares, compared to its average volume of 192,041. Hargreaves Lansdown has a fifty-two week low of GBX 676.40 ($8.50) and a fifty-two week high of GBX 944.80 ($11.87). The company has a current ratio of 2.27, a quick ratio of 2.04 and a debt-to-equity ratio of 1.43. The company has a market cap of £3.86 billion, a P/E ratio of 1,179.42, a P/E/G ratio of 4.22 and a beta of 0.62. The business has a fifty day simple moving average of GBX 737.96 and a 200 day simple moving average of GBX 736.99.

Hargreaves Lansdown Cuts Dividend

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

Insider Transactions at Hargreaves Lansdown

In other Hargreaves Lansdown news, insider Amy Stirling purchased 6,764 shares of the business's stock in a transaction dated Friday, February 23rd. The shares were bought at an average price of GBX 739 ($9.28) per share, for a total transaction of £49,985.96 ($62,788.54). In other news, insider Darren Pope bought 3,999 shares of the company's stock in a transaction that occurred on Wednesday, February 28th. The shares were acquired at an average price of GBX 746 ($9.37) per share, for a total transaction of £29,832.54 ($37,473.36). Also, insider Amy Stirling bought 6,764 shares of the company's stock in a transaction that occurred on Friday, February 23rd. The stock was purchased at an average price of GBX 739 ($9.28) per share, for a total transaction of £49,985.96 ($62,788.54). Over the last 90 days, insiders have acquired 29,459 shares of company stock worth $21,966,458. Company insiders own 25.77% of the company's stock.

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.