Hargreaves Lansdown (LON:HL) Shares Pass Above 200-Day Moving Average of $738.32

Shares of Hargreaves Lansdown plc (LON:HL) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 738.32 ($9.19) and traded as high as GBX 740 ($9.21). Hargreaves Lansdown shares last traded at GBX 730 ($9.09), with a volume of 708,729 shares trading hands.

Analyst Ratings Changes

Several analysts recently commented on HL shares. Shore Capital reissued a “buy” rating on shares of Hargreaves Lansdown in a research report on Thursday, February 22nd. Royal Bank of Canada cut their price objective on shares of Hargreaves Lansdown from GBX 850 ($10.58) to GBX 825 ($10.27) and set a “sector perform” rating on the stock in a research report on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Hargreaves Lansdown currently has a consensus rating of “Hold” and a consensus price target of GBX 887.75 ($11.05).

Hargreaves Lansdown Stock Up 1.7 %

The stock has a market cap of £3.48 billion, a P/E ratio of 1,064.06, a PEG ratio of 4.22 and a beta of 0.62. The company’s 50 day moving average price is GBX 748.13 and its two-hundred day moving average price is GBX 737.93. The company has a current ratio of 2.27, a quick ratio of 2.04 and a debt-to-equity ratio of 1.43.

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 payout ratio is 6,086.96%.

Insiders Place Their Bets

In related news, insider Darren Pope acquired 3,999 shares of the business’s stock in a transaction on Wednesday, February 28th. The stock was acquired at an average cost of GBX 746 ($9.29) per share, with a total value of £29,832.54 ($37,137.48). In related news, insider Alison Platt acquired 18,696 shares of the business’s stock in a transaction on Monday, February 26th. The stock was acquired at an average cost of GBX 748 ($9.31) per share, with a total value of £139,846.08 ($174,089.48). Also, insider Darren Pope acquired 3,999 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were bought at an average cost of GBX 746 ($9.29) per share, with a total value of £29,832.54 ($37,137.48). In the last 90 days, insiders have bought 29,459 shares of company stock worth $21,966,458. Company insiders own 25.77% of the company’s stock.

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.