Hargreaves Lansdown (LON:HL) Stock Rating Reaffirmed by Jefferies Financial Group

Jefferies Financial Group reiterated their buy rating on shares of Hargreaves Lansdown (LON:HL - Free Report) in a report published on Wednesday morning, MarketBeat.com reports. They currently have a GBX 1,035 ($13.00) target price on the stock.

Several other research firms have also weighed in on HL. Royal Bank of Canada lowered their price objective 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 note on Monday, February 26th. Shore Capital reaffirmed a buy rating on shares of Hargreaves Lansdown in a report on Tuesday. One 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 stock. According to data from MarketBeat, Hargreaves Lansdown presently has a consensus rating of Hold and a consensus price target of GBX 921.20 ($11.57).

Hargreaves Lansdown Stock Performance

Shares of Hargreaves Lansdown stock traded up GBX 28.20 ($0.35) during trading on Wednesday, hitting GBX 813.80 ($10.22). 2,158,244 shares of the stock were exchanged, compared to its average volume of 192,041. The stock has a market capitalization of £3.86 billion, a price-to-earnings ratio of 1,179.42, a price-to-earnings-growth ratio of 4.22 and a beta of 0.62. The company has a fifty day moving average price of GBX 737.96 and a 200-day moving average price of GBX 736.99. Hargreaves Lansdown has a 1-year low of GBX 676.40 ($8.50) and a 1-year 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.

Hargreaves Lansdown Cuts Dividend

The company 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. This represents a dividend yield of 1.64%. The ex-dividend date was Thursday, February 29th. Hargreaves Lansdown's dividend payout ratio (DPR) is presently 6,086.96%.

Insider Transactions at Hargreaves Lansdown

In other news, insider Alison Platt purchased 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, with a total value of £139,846.08 ($175,663.96). In related news, insider Amy Stirling acquired 6,764 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was acquired at an average cost of GBX 739 ($9.28) per share, for a total transaction of £49,985.96 ($62,788.54). Also, insider Alison Platt acquired 18,696 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were bought at an average price of GBX 748 ($9.40) per share, with a total value of £139,846.08 ($175,663.96). In the last 90 days, insiders bought 29,459 shares of company stock valued at $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.