Hargreaves Lansdown (LON:HL) Shares Cross Above Two Hundred Day Moving Average of $738.32

Shares of Hargreaves Lansdown plc (LON:HL) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 738.32 ($9.19) and traded as high as GBX 740 ($9.21). Hargreaves Lansdown shares last traded at GBX 730 ($9.09), with a volume of 708,729 shares traded.

Analyst Upgrades and Downgrades

A number of research firms have commented on HL. Royal Bank of Canada decreased their price objective on shares of Hargreaves Lansdown from GBX 850 ($10.58) to GBX 825 ($10.27) and set a “sector perform” rating for the company in a report on Monday, February 26th. Shore Capital reaffirmed a “buy” rating on shares of Hargreaves Lansdown in a report on Thursday, February 22nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of GBX 887.75 ($11.05).

Hargreaves Lansdown Stock Down 1.1 %

The firm has a market capitalization of £3.42 billion, a P/E ratio of 1,057.97, a PEG ratio of 4.22 and a beta of 0.62. The company has a debt-to-equity ratio of 1.43, a current ratio of 2.27 and a quick ratio of 2.04. The firm’s fifty day moving average price is GBX 751.01 and its 200-day moving average price is GBX 738.32.

Hargreaves Lansdown Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, February 29th were paid a dividend of GBX 13.20 ($0.16) per share. This represents a yield of 1.64%. The ex-dividend date was Thursday, February 29th. Hargreaves Lansdown’s dividend payout ratio (DPR) is currently 6,086.96%.

Insider Activity at Hargreaves Lansdown

In other news, insider Darren Pope purchased 3,999 shares of the stock in a transaction that occurred on Wednesday, February 28th. The stock was acquired at an average price of GBX 746 ($9.29) per share, with a total value of £29,832.54 ($37,137.48). In other news, insider Alison Platt acquired 18,696 shares of the company’s stock in a transaction on Monday, February 26th. The stock was purchased at an average cost of GBX 748 ($9.31) per share, with a total value of £139,846.08 ($174,089.48). Also, insider Darren Pope acquired 3,999 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The stock was acquired at an average price of GBX 746 ($9.29) per share, with a total value of £29,832.54 ($37,137.48). Over the last ninety days, insiders have acquired 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.