Hargreaves Lansdown (LON:HL) Shares Pass Above 200 Day Moving Average of $942.24

Hargreaves Lansdown plc (LON:HL) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 942.24 ($12.32) and traded as high as GBX 1,117.50 ($14.61). Hargreaves Lansdown shares last traded at GBX 1,107 ($14.48), with a volume of 369,429 shares trading hands.

Wall Street Analysts Forecast Growth

Several analysts have commented on HL shares. JPMorgan Chase & Co. raised their target price on shares of Hargreaves Lansdown from GBX 671 ($8.77) to GBX 684 ($8.94) and gave the stock an “underweight” rating in a report on Monday, July 15th. Shore Capital reaffirmed a “buy” rating on shares of Hargreaves Lansdown in a research report on Friday, August 9th. Jefferies Financial Group lowered shares of Hargreaves Lansdown to a “hold” rating and upped their target price for the stock from GBX 1,035 ($13.53) to GBX 1,140 ($14.91) in a research note on Wednesday, June 19th. Finally, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 1,342 ($17.55) price target on shares of Hargreaves Lansdown in a research note on Wednesday, June 19th. One equities 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.com, the stock has a consensus rating of “Hold” and an average target price of GBX 1,048.20 ($13.71).

Hargreaves Lansdown Price Performance

The firm has a market cap of £5.25 billion, a price-to-earnings ratio of 1,787.10, a PEG ratio of 4.22 and a beta of 0.66. The company’s fifty day moving average is GBX 1,099.34 and its 200 day moving average is GBX 946.48. The company has a quick ratio of 2.04, a current ratio of 2.15 and a debt-to-equity ratio of 1.05.

Hargreaves Lansdown Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, November 1st. Stockholders of record on Thursday, October 3rd will be paid a dividend of GBX 30 ($0.39) per share. This represents a dividend yield of 2.78%. This is an increase from Hargreaves Lansdown’s previous dividend of $13.20. The ex-dividend date is Thursday, October 3rd. Hargreaves Lansdown’s dividend payout ratio is currently 6,935.48%.

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.