Hargreaves Lansdown's (HL) Buy Rating Reiterated at Shore Capital

Shore Capital reaffirmed their buy rating on shares of Hargreaves Lansdown (LON:HL - Free Report) in a report published on Tuesday, Marketbeat reports.

Separately, Royal Bank of Canada decreased their target price on 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. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of Hold and a consensus price target of GBX 887.75 ($11.15).

Hargreaves Lansdown Price Performance

Shares of LON HL traded up GBX 30.60 ($0.38) during mid-day trading on Tuesday, reaching GBX 785.60 ($9.87). The company had a trading volume of 1,511,731 shares, compared to its average volume of 192,041. The company has a debt-to-equity ratio of 1.43, a quick ratio of 2.04 and a current ratio of 2.27. Hargreaves Lansdown has a one year low of GBX 676.40 ($8.50) and a one year high of GBX 944.80 ($11.87). The firm has a market cap of £3.72 billion, a price-to-earnings ratio of 1,138.55, a PEG ratio of 4.22 and a beta of 0.62. The business's 50-day simple moving average is GBX 738.58 and its 200 day simple moving average is GBX 736.88.

Hargreaves Lansdown Cuts Dividend

The company also recently disclosed 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 of this dividend was Thursday, February 29th. This represents a dividend yield of 1.64%. Hargreaves Lansdown's dividend payout ratio is 6,086.96%.

Insider Activity

In other news, insider Alison Platt acquired 18,696 shares of the firm's stock in a transaction dated Monday, February 26th. The stock was 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 Alison Platt purchased 18,696 shares of the firm's stock in a transaction that occurred on Monday, February 26th. The stock was acquired at an average price of GBX 748 ($9.40) per share, for a total transaction of £139,846.08 ($175,663.96). Also, insider Amy Stirling purchased 6,764 shares of the firm's stock in a transaction that occurred on Friday, February 23rd. The shares were bought at an average price of GBX 739 ($9.28) per share, with a total value of £49,985.96 ($62,788.54). Insiders bought a total of 29,459 shares of company stock worth $21,966,458 over the last quarter. 25.77% of the stock is currently 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.