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

Peel Hunt backs under pressure Hargreaves Lansdown

By Abigail Townsend

Date: Monday 17 Jun 2019

LONDON (ShareCast) - (Sharecast News) - Peel Hunt has reiterated its \'hold\' recommendation on Hargreaves Lansdown, despite the pressure heaped on the blue chip firm after Woodford Investment Management gated its flagship fund.
Earlier this month, Woodford - founded by star stock picker Neil Woodford - took the unusual step of suspending its Woodford Equity Income Fund after a run of redemptions. It did not say how long the suspension would last, only that it would use the time to reduce the fund\'s exposure to illiquid and unquoted stocks.

Hargreaves Lansdown, a fund supermarket and financial advisor, responded by removing the Woodford Equity Income Fund from its Wealth 50 list of favoured funds.

Since then, chief executive Chris Hill has also apologised to clients affected by the suspension and launched an internal investigation to assess if there is any bias in the way Hargreaves Lansdown recommends funds. He is also believed to be forgoing his bonus until the issues with Woodford are resolved, according to the Financial Times.

But some investors remained concerned about the firm\'s ongoing exposure to the fund and its relationship with Woodford Investment Management.

Peel Hunt is currently reviewing its price target on Hargreaves Lansdown. But it reiterated its \'hold\' status on Monday after a flurry of press reports over the weekend.

Analyst Stuart Duncan said: \"The press focus on Hargreaves Lansdown is partly a function of Hargreaves Lansdown\'s success, although it remains true that a small proportion of the overall assets were invested with Woodford.

\"Hargreaves Lansdown\'s service continues to deliver value for customers through fund discounts, which was a key point in last year\'s platform review. It is worth noting that the press have not focus on a number of other sector participants that also used Woodford, for example, St James\'s Place.

\"Hargreaves Lansdown is now trading on an enterprise value/earnings before interest and tax of 26.5 times to December 2019.\"

Shares in Hargreaves were largely flat, trading 8p higher at 1,878p by 1330 BST.

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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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