Hargreaves Lansdown (HL.)

Sector:

Financials

Index:

FTSE 250

736.00p
   
  • Change Today:
    -2.00p
  • 52 Week High: 927.00
  • 52 Week Low: 690.40
  • Currency: UK Pounds
  • Shares Issued: 474.32m
  • Volume: 730,810
  • Market Cap: £3,490.99m
  • RiskGrade: 176

Hargreaves Lansdown rakes in GBP1.5bn of new business

By Oliver Haill

Date: Wednesday 11 Oct 2017

LONDON (ShareCast) - (ShareCast News) - Hargreaves Lansdown enjoyed a strong start to its new financial year, with strong levels of net new business flows and assets under administration swelling 3.5% over the first quarter or 21% over the same period last year.
The FTSE 100 pensions and investment provider said new business was driven by winning 30,000 new customers, improved market sentiment, continued investment in digital marketing, while it also benefited from significant transfers from a competitor platform going through operational issues.

New business flow reached £1.54bn during the three months to 30 September, which with £1.3m of positive market movements led to the AUA reaching £82bn.

Total net revenue of £104.1m has been generated in the year-to-date, up 15% from the June's year-end.

"I'm pleased to report a solid start to the new financial year for net new business and revenue," chief executive Chris Hill.

"We continue to place clients at the centre of what we do and our relentless focus on the level of service that we provide is enabling both existing and new clients to save and invest with confidence."

Co-founder Stephen Lansdown sold £188m worth of HL shares via an accelerated bookbuild after markets closed on 28 September, with the shares were held in his account and withdrawn from the Hargreaves Lansdown platform on 29 September with cash settlement on 3 October.

As this transaction straddled the period end, the company said it has been treated as if both the sale and cash settlement occurred after the period end.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

HL. Market Data

Currency UK Pounds
Share Price 736.00p
Change Today -2.00p
% Change -0.27 %
52 Week High 927.00
52 Week Low 690.40
Volume 730,810
Shares Issued 474.32m
Market Cap £3,490.99m
RiskGrade 176

HL. Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
19.18% below the market average19.18% below the market average19.18% below the market average19.18% below the market average19.18% below the market average
69.52% below the sector average69.52% below the sector average69.52% below the sector average69.52% below the sector average69.52% below the sector average
Price Trend
26.17% below the market average26.17% below the market average26.17% below the market average26.17% below the market average26.17% below the market average
8.62% below the sector average8.62% below the sector average8.62% below the sector average8.62% below the sector average8.62% below the sector average
Income
83.86% above the market average83.86% above the market average83.86% above the market average83.86% above the market average83.86% above the market average
75.76% above the sector average75.76% above the sector average75.76% above the sector average75.76% above the sector average75.76% above the sector average
Growth
7.87% above the market average7.87% above the market average7.87% above the market average7.87% above the market average7.87% above the market average
22.22% above the sector average22.22% above the sector average22.22% above the sector average22.22% above the sector average22.22% above the sector average

What The Brokers Say

Strong Buy 4
Buy 3
Neutral 3
Sell 5
Strong Sell 2
Total 17
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

HL. Dividends

  Latest Previous
  Interim Final
Ex-Div 29-Feb-24 16-Nov-23
Paid 28-Mar-24 15-Dec-23
Amount 13.20p 28.80p

Trades for 28-Mar-2024

Time Volume / Share Price
16:57 5,454 @ 735.90p
16:35 476,063 @ 736.00p
16:35 2,205 @ 736.00p
16:35 2,375 @ 736.00p
16:35 1,527 @ 736.00p

HL. Key Personnel

CEO Dan Olley
CFO Amy Stirling
Chair Alison Platt

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