Hargreaves Lansdown plc (HL) to Issue Dividend of GBX 30 on November 1st

Hargreaves Lansdown plc (LON:HL) announced a dividend on Friday, August 9th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, October 3rd will be given a dividend of GBX 30 ($0.40) per share on Friday, November 1st. This represents a dividend yield of 2.78%. The ex-dividend date is Thursday, October 3rd. This is a positive change from Hargreaves Lansdown’s previous dividend of $13.20. The official announcement can be accessed at this link.

Hargreaves Lansdown Price Performance

Shares of Hargreaves Lansdown stock opened at GBX 1,114.50 ($14.91) on Tuesday. The business’s fifty day moving average price is GBX 1,100.55 and its 200 day moving average price is GBX 976.93. Hargreaves Lansdown has a twelve month low of GBX 676.40 ($9.05) and a twelve month high of GBX 1,169 ($15.64). The company has a current ratio of 2.15, a quick ratio of 2.04 and a debt-to-equity ratio of 1.05. The stock has a market capitalization of £5.28 billion, a P/E ratio of 1,790.32, a PEG ratio of 4.22 and a beta of 0.66.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. JPMorgan Chase & Co. boosted their target price on Hargreaves Lansdown from GBX 671 ($8.98) to GBX 684 ($9.15) and gave the stock an “underweight” rating in a report on Monday, July 15th. Shore Capital reiterated a “buy” rating on shares of Hargreaves Lansdown in a research note on Friday, August 9th. Jefferies Financial Group downgraded shares of Hargreaves Lansdown to a “hold” rating and raised their target price for the company from GBX 1,035 ($13.84) to GBX 1,140 ($15.25) in a research note on Wednesday, June 19th. Finally, Canaccord Genuity Group restated a “buy” rating and issued a GBX 1,342 ($17.95) price target on shares of Hargreaves Lansdown in a report on Wednesday, June 19th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of GBX 1,048.20 ($14.02).

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.