Hargreaves Lansdown (HL.)

Sector:

Financials

Index:

FTSE 100

863.60p
   
  • Change Today:
      0.20p
  • 52 Week High: 1,457.50p
  • 52 Week Low: 740.80p
  • Currency: UK Pounds
  • Shares Issued: 474.32m
  • Volume: 762,262
  • Market Cap: £4,096.22m
  • RiskGrade: 176

Hargreaves Lansdown shares slide following Woodford suspension

By Abigail Townsend

Date: Tuesday 04 Jun 2019

LONDON (ShareCast) - (Sharecast News) - Shares in Hargreaves Lansdown fell on Tuesday, after the blue chip financial advisor was caught up in the crisis engulfing Woodford Investment Management.
Neil Woodford, one of the UK's most high-profile stock pickers, was forced to suspend his flagship Woodford Equity Income Fund on Monday following a jump in redemptions.

"Following an increased level of redemptions, this period of suspension is intended to protect the investors in the fund by allowing Woodford time to reposition the element of the fund's portfolio invested in unquoted and less liquid stocks to more liquid investments," the firm said.

Hargreaves Lansdown removed the Woodford Equity Income Fund from its Wealth 50 list of favourite funds following the suspension, along with another fund, the Woodford Income Focus Fund.

Head of investment analysis Emma Wall said Hargreaves Lansdown was an advocate of long-term investing and that Woodford's "multi-decade track record remains compelling. But we don't underestimate the disappointment investors must feel with Woodford's recent performance."

But investors in Hargreaves Lansdown were concerned about the firm's own exposure to the Woodford Equity Income Fund. Wall told the BBC that less than 7% of its ten portfolios, which total around £8.6bn, were invested in the fund, or around £700m.

Hargreaves Lansdown clients also held 31% of the suspended fund as at December 2018, according to the Financial Times.

By 1400 BST, the stock was trading 4% lower at 2,139p, making it the biggest faller in the FTSE 100. The Woodford Patient Capital Trust, Woodford Investment Management's listed investment trust, was down 7%.

Hargreaves Lansdown was not immediately available for comment.

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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 863.60p
Change Today 0.20p
% Change 0.02 %
52 Week High 1,457.50p
52 Week Low 740.80p
Volume 762,262
Shares Issued 474.32m
Market Cap £4,096.22m
RiskGrade 176

HL. Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
36.88% below the market average36.88% below the market average36.88% below the market average36.88% below the market average36.88% below the market average
64.52% below the sector average64.52% below the sector average64.52% below the sector average64.52% below the sector average64.52% below the sector average
Price Trend
28.37% below the market average28.37% below the market average28.37% below the market average28.37% below the market average28.37% below the market average
22.73% below the sector average22.73% below the sector average22.73% below the sector average22.73% below the sector average22.73% below the sector average
Income
34.80% above the market average34.80% above the market average34.80% above the market average34.80% above the market average34.80% above the market average
41.03% below the sector average41.03% below the sector average41.03% below the sector average41.03% below the sector average41.03% below the sector average
Growth
96.98% above the market average96.98% above the market average96.98% above the market average96.98% above the market average96.98% above the market average
96.67% above the sector average96.67% above the sector average96.67% above the sector average96.67% above the sector average96.67% above the sector average

What The Brokers Say

Strong Buy 7
Buy 1
Neutral 10
Sell 0
Strong Sell 3
Total 21
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
  Final Interim
Ex-Div 22-Sep-22 03-Mar-22
Paid 24-Oct-22 01-Apr-22
Amount 27.44p 12.26p

Trades for 25-Nov-2022

Time Volume / Share Price
17:01 4,150 @ 852.09p
17:01 4,150 @ 852.26p
16:59 5,140 @ 855.89p
16:45 181 @ 859.00p
16:45 181 @ 859.00p

HL. Key Personnel

CEO Christopher Hill
CFO Amy Stirling

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