Hargreaves Lansdown (LON:HL) Shares Pass Above Two Hundred Day Moving Average of $737.50

Shares of Hargreaves Lansdown plc (LON:HL) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 737.50 ($9.11) and traded as high as GBX 754.40 ($9.32). Hargreaves Lansdown shares last traded at GBX 747.80 ($9.24), with a volume of 496,706 shares changing hands.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Shore Capital reissued a “buy” rating on shares of Hargreaves Lansdown in a research report on Thursday, February 22nd. Royal Bank of Canada lowered their price objective on Hargreaves Lansdown from GBX 850 ($10.50) to GBX 825 ($10.19) and set a “sector perform” rating for the company in a research note on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Hargreaves Lansdown has an average rating of “Hold” and an average price target of GBX 887.75 ($10.97).

Hargreaves Lansdown Stock Performance

The stock has a market capitalization of £3.58 billion, a P/E ratio of 1,094.20, a P/E/G ratio of 4.22 and a beta of 0.62. The stock has a 50 day moving average of GBX 740.07 and a 200 day moving average of GBX 737.28. The company has a debt-to-equity ratio of 1.43, a quick ratio of 2.04 and a current ratio of 2.27.

Hargreaves Lansdown Cuts Dividend

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

Insider Transactions at Hargreaves Lansdown

In other Hargreaves Lansdown news, insider Darren Pope purchased 3,999 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The stock was bought at an average price of GBX 746 ($9.21) per share, with a total value of £29,832.54 ($36,848.49). In other news, insider Darren Pope acquired 3,999 shares of the business’s stock in a transaction dated Wednesday, February 28th. The stock was acquired at an average price of GBX 746 ($9.21) per share, for a total transaction of £29,832.54 ($36,848.49). Also, insider Alison Platt acquired 18,696 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was purchased at an average price of GBX 748 ($9.24) per share, with a total value of £139,846.08 ($172,734.78). Over the last quarter, insiders acquired 29,459 shares of company stock valued at $21,966,458. 25.77% of the stock is currently owned by corporate insiders.

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.