Barclays Raises Hargreaves Lansdown (LON:HL) Price Target to GBX 1,250

Hargreaves Lansdown (LON:HL) had its price target increased by Barclays from GBX 1,210 ($15.20) to GBX 1,250 ($15.70) in a report released on Wednesday, Marketbeat Ratings reports. They currently have an overweight rating on the stock.

A number of other equities research analysts have also recently issued reports on HL. Jefferies Financial Group reaffirmed a buy rating and issued a GBX 1,035 ($13.00) price objective on shares of Hargreaves Lansdown in a research note on Wednesday. Royal Bank of Canada decreased their price objective on shares of Hargreaves Lansdown from GBX 850 ($10.68) to GBX 825 ($10.36) and set a sector perform rating for the company in a report on Monday, February 26th. Finally, Shore Capital restated a buy rating on shares of Hargreaves Lansdown in a report on Tuesday. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of Hold and a consensus target price of GBX 921.20 ($11.57).

Hargreaves Lansdown Price Performance

HL stock opened at GBX 808.40 ($10.15) on Wednesday. The company has a debt-to-equity ratio of 1.43, a current ratio of 2.27 and a quick ratio of 2.04. 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 stock has a market cap of £3.83 billion, a PE ratio of 1,171.59, a P/E/G ratio of 4.22 and a beta of 0.62. The firm has a 50 day simple moving average of GBX 738.20 and a two-hundred day simple moving average of GBX 738.03.

Hargreaves Lansdown Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, February 29th were issued a GBX 13.20 ($0.17) dividend. This represents a dividend yield of 1.64%. The ex-dividend date of this dividend was Thursday, February 29th. Hargreaves Lansdown’s payout ratio is 6,086.96%.

Insider Buying and Selling

In other Hargreaves Lansdown news, insider Alison Platt acquired 18,696 shares of the company’s 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 other news, insider Darren Pope purchased 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). Also, insider Alison Platt purchased 18,696 shares of the stock in a transaction on Monday, February 26th. The shares were purchased at an average cost of GBX 748 ($9.40) per share, for a total transaction of £139,846.08 ($175,663.96). Over the last quarter, insiders have acquired 29,459 shares of company stock valued at $21,966,458. 25.77% of the stock is owned by insiders.

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.