Hargreaves Lansdown (LON:HL) Receives Buy Rating from Jefferies Financial Group

Jefferies Financial Group reissued their buy rating on shares of Hargreaves Lansdown (LON:HL) in a report issued on Wednesday, Marketbeat reports. Jefferies Financial Group currently has a GBX 1,035 ($13.00) target price on the stock.

A number of other analysts have also issued reports on HL. Royal Bank of Canada dropped 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 reiterated a buy rating on shares of Hargreaves Lansdown in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Hargreaves Lansdown presently has an average rating of Hold and an average price target of GBX 921.20 ($11.57).

Hargreaves Lansdown Trading Down 0.5 %

HL opened at GBX 809.40 ($10.17) on Wednesday. The firm has a market capitalization of £3.84 billion, a P/E ratio of 1,173.04, a P/E/G ratio of 4.22 and a beta of 0.62. The firm’s 50 day moving average is GBX 737.96 and its 200-day moving average is GBX 736.99. 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 company has a quick ratio of 2.04, a current ratio of 2.27 and a debt-to-equity ratio of 1.43.

Hargreaves Lansdown Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, February 29th were paid a GBX 13.20 ($0.17) dividend. 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 (DPR) is presently 6,086.96%.

Insider Buying and Selling

In related news, insider Alison Platt purchased 18,696 shares of the company’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). In other Hargreaves Lansdown news, insider Alison Platt bought 18,696 shares of the stock in a transaction on 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). Also, insider Darren Pope bought 3,999 shares of the stock in a transaction on Wednesday, February 28th. The shares were acquired at an average price of GBX 746 ($9.37) per share, with a total value of £29,832.54 ($37,473.36). Over the last quarter, insiders purchased 29,459 shares of company stock worth $21,966,458. Insiders own 25.77% of the company’s stock.

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.