Hargreaves Lansdown (LON:HL) Shares Cross Above 200-Day Moving Average – Here’s Why

Hargreaves Lansdown plc (LON:HL) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 1,025.54 ($13.30) and traded as high as GBX 1,091.50 ($14.16). Hargreaves Lansdown shares last traded at GBX 1,088 ($14.11), with a volume of 1,445,786 shares trading hands.

Analyst Ratings Changes

Several research firms recently issued reports on HL. JPMorgan Chase & Co. lifted their price target on shares of Hargreaves Lansdown from GBX 671 ($8.70) to GBX 684 ($8.87) and gave the stock an “underweight” rating in a research note on Monday, July 15th. Shore Capital reiterated a “buy” rating on shares of Hargreaves Lansdown in a research note on Friday, August 9th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Hargreaves Lansdown presently has a consensus rating of “Hold” and an average price target of GBX 1,048.20 ($13.59).

Hargreaves Lansdown Stock Performance

The company’s fifty day simple moving average is GBX 1,098.34 and its two-hundred day simple moving average is GBX 1,025.54. The company has a market capitalization of £5.15 billion, a price-to-earnings ratio of 1,754.84, a price-to-earnings-growth ratio of 4.22 and a beta of 0.66. The company has a debt-to-equity ratio of 1.05, a quick ratio of 2.04 and a current ratio of 2.15.

Hargreaves Lansdown Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, November 1st. Investors of record on Thursday, October 3rd will be issued a GBX 30 ($0.39) dividend. This is a positive change from Hargreaves Lansdown’s previous dividend of $13.20. This represents a yield of 2.78%. The ex-dividend date of this dividend is Thursday, October 3rd. Hargreaves Lansdown’s payout ratio is currently 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.