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

Hargreaves Lansdown plc (LON:HL) shares passed 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 trading hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Jefferies Financial Group cut shares of Hargreaves Lansdown to a “hold” rating and upped their target price for the company from GBX 1,035 ($13.53) to GBX 1,140 ($14.91) in a report on Wednesday, June 19th. JPMorgan Chase & Co. boosted their price target on Hargreaves Lansdown from GBX 671 ($8.77) to GBX 684 ($8.94) and gave the stock an “underweight” rating in a research report on Monday, July 15th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 1,342 ($17.55) price objective on shares of Hargreaves Lansdown in a research report on Wednesday, June 19th. Finally, Shore Capital reiterated a “buy” rating on shares of Hargreaves Lansdown in a research note on Friday, August 9th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of GBX 1,048.20 ($13.71).

Hargreaves Lansdown Price Performance

The stock has a market capitalization of £5.25 billion, a price-to-earnings ratio of 1,787.10, a P/E/G ratio of 4.22 and a beta of 0.66. The company’s 50-day simple moving average is GBX 1,099.34 and its 200-day simple moving average is GBX 946.48. 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 company also recently declared a dividend, which will be paid on Friday, November 1st. Investors of record on Thursday, October 3rd will be paid a GBX 30 ($0.39) dividend. The ex-dividend date is Thursday, October 3rd. This is an increase from Hargreaves Lansdown’s previous dividend of $13.20. This represents a yield of 2.78%. Hargreaves Lansdown’s payout ratio is 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.