Hargreaves Lansdown (LON:HL) Shares Pass Above 200-Day Moving Average of $737.50

Hargreaves Lansdown plc (LON:HL)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-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.

Analyst Ratings Changes

HL has been the subject of several recent research reports. Shore Capital restated a “buy” rating on shares of Hargreaves Lansdown in a research report on Thursday, February 22nd. Royal Bank of Canada dropped their price target on shares of Hargreaves Lansdown from GBX 850 ($10.50) to GBX 825 ($10.19) and set a “sector perform” rating on the stock in a research note on Monday, February 26th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of GBX 887.75 ($10.97).

Hargreaves Lansdown Stock Down 1.6 %

The firm has a market capitalization of £3.49 billion, a price-to-earnings ratio of 1,066.96, a PEG ratio of 4.22 and a beta of 0.62. The company has a current ratio of 2.27, a quick ratio of 2.04 and a debt-to-equity ratio of 1.43. The stock has a fifty day moving average of GBX 742.02 and a 200-day moving average of GBX 737.50.

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 of this dividend was Thursday, February 29th. Hargreaves Lansdown’s dividend payout ratio (DPR) is currently 6,086.96%.

Insider Activity

In other Hargreaves Lansdown news, insider Amy Stirling bought 6,764 shares of the stock in a transaction on Friday, February 23rd. The shares were bought at an average price of GBX 739 ($9.13) per share, with a total value of £49,985.96 ($61,741.55). In other news, insider Alison Platt acquired 18,696 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was acquired at an average cost of GBX 748 ($9.24) per share, for a total transaction of £139,846.08 ($172,734.78). Also, insider Amy Stirling acquired 6,764 shares of Hargreaves Lansdown stock in a transaction that occurred on Friday, February 23rd. The shares were purchased at an average cost of GBX 739 ($9.13) per share, with a total value of £49,985.96 ($61,741.55). Over the last quarter, insiders have acquired 29,459 shares of company stock worth $21,966,458. 25.77% of the stock is owned by corporate 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.