Hargreaves Lansdown (LON:HL) Price Target Increased to GBX 1,250 by Analysts at Barclays

Hargreaves Lansdown (LON:HL) had its price target hoisted by Barclays from GBX 1,210 ($15.20) to GBX 1,250 ($15.70) in a research note issued to investors on Wednesday, MarketBeat reports. Barclays currently has an overweight rating on the stock.

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

Hargreaves Lansdown Trading Down 0.1 %

Shares of LON HL opened at GBX 808.40 ($10.15) on Wednesday. The company has a market cap of £3.83 billion, a price-to-earnings ratio of 1,171.59, a price-to-earnings-growth ratio of 4.22 and a beta of 0.62. Hargreaves Lansdown has a 12-month low of GBX 676.40 ($8.50) and a 12-month high of GBX 944.80 ($11.87). 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’s 50 day simple moving average is GBX 738.20 and its 200 day simple moving average is GBX 738.03.

Hargreaves Lansdown Cuts Dividend

The business 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 ($0.17) per share. This represents a dividend yield of 1.64%. The ex-dividend date was Thursday, February 29th. Hargreaves Lansdown’s dividend payout ratio (DPR) is currently 6,086.96%.

Insider Buying and Selling at Hargreaves Lansdown

In other Hargreaves Lansdown news, insider Amy Stirling acquired 6,764 shares of Hargreaves Lansdown stock in a transaction that occurred on Friday, February 23rd. The stock was acquired at an average price of GBX 739 ($9.28) per share, with a total value of £49,985.96 ($62,788.54). In other news, insider Darren Pope bought 3,999 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The shares were purchased at an average price of GBX 746 ($9.37) per share, for a total transaction of £29,832.54 ($37,473.36). Also, insider Amy Stirling acquired 6,764 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were bought at an average price of GBX 739 ($9.28) per share, for a total transaction of £49,985.96 ($62,788.54). Insiders purchased 29,459 shares of company stock valued at $21,966,458 in the last quarter. Company insiders own 25.77% of the company’s stock.

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.