Hargreaves Lansdown (LON:HL) Stock Price Passes Above Two Hundred Day Moving Average of $942.24

Hargreaves Lansdown plc (LON:HL - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-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.

Analyst Ratings Changes

A number of brokerages recently commented on HL. Jefferies Financial Group lowered shares of Hargreaves Lansdown to a "hold" rating and upped their price target for the company from GBX 1,035 ($13.53) to GBX 1,140 ($14.91) in a research note on Wednesday, June 19th. Canaccord Genuity Group restated 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. Shore Capital reiterated a "buy" rating on shares of Hargreaves Lansdown in a research report on Friday, August 9th. Finally, JPMorgan Chase & Co. upped their price target on shares of Hargreaves Lansdown from GBX 671 ($8.77) to GBX 684 ($8.94) and gave the company an "underweight" rating in a research note on Monday, July 15th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of GBX 1,048.20 ($13.71).

Hargreaves Lansdown Stock Down 0.1 %

The stock has a 50-day moving average of GBX 1,100.07 and a 200 day moving average of GBX 942.24. The company has a market cap of £5.24 billion, a P/E ratio of 1,783.87, a PEG ratio of 4.22 and a beta of 0.66. The company has a debt-to-equity ratio of 1.05, a current ratio of 2.15 and a quick ratio of 2.04.

Hargreaves Lansdown Increases Dividend

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

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.