Brokerages Set Hargreaves Lansdown plc (LON:HL) PT at GBX 921.20

Shares of Hargreaves Lansdown plc (LON:HL - Get Free Report) have been given an average rating of "Hold" by the six research firms that are presently covering the stock, MarketBeat.com reports. One investment 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. The average 1 year price target among brokers that have issued ratings on the stock in the last year is GBX 921.20 ($11.57).

Several research analysts recently issued reports on the stock. Shore Capital reissued a "buy" rating on shares of Hargreaves Lansdown in a report on Tuesday. Royal Bank of Canada dropped their target price 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 report on Monday, February 26th. Jefferies Financial Group reaffirmed a "buy" rating and issued a GBX 1,035 ($13.00) target price on shares of Hargreaves Lansdown in a report on Wednesday. Finally, Barclays increased their target price on shares of Hargreaves Lansdown from GBX 1,210 ($15.20) to GBX 1,250 ($15.70) and gave the company an "overweight" rating in a report on Wednesday.

Hargreaves Lansdown Stock Up 3.6 %

LON:HL traded up GBX 28.20 ($0.35) during trading hours on Wednesday, hitting GBX 813.80 ($10.22). The company's stock had a trading volume of 2,158,244 shares, compared to its average volume of 192,041. The company has a current ratio of 2.27, a quick ratio of 2.04 and a debt-to-equity ratio of 1.43. Hargreaves Lansdown has a 52-week low of GBX 676.40 ($8.50) and a 52-week high of GBX 944.80 ($11.87). The stock has a market capitalization of £3.86 billion, a P/E ratio of 1,179.42, a price-to-earnings-growth ratio of 4.22 and a beta of 0.62. The stock has a fifty day moving average of GBX 737.96 and a 200-day moving average of GBX 736.99.

Hargreaves Lansdown Cuts Dividend

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

Insiders Place Their Bets

In other news, insider Alison Platt acquired 18,696 shares of the business's stock in a transaction on Monday, February 26th. The shares were purchased at an average price of GBX 748 ($9.40) per share, for a total transaction of £139,846.08 ($175,663.96). In related news, insider Darren Pope bought 3,999 shares of the business's stock in a transaction dated 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 Alison Platt bought 18,696 shares of the business's stock in a transaction dated Monday, February 26th. The stock was bought at an average price of GBX 748 ($9.40) per share, for a total transaction of £139,846.08 ($175,663.96). Insiders have bought 29,459 shares of company stock worth $21,966,458 in the last quarter. 25.77% of the stock is 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.