Hargreaves Lansdown (HL.)

Sector:

Financials

Index:

FTSE 100

874.00p
   
  • Change Today:
    -22.00p
  • 52 Week High: 1,598.00
  • 52 Week Low: 762.60
  • Currency: UK Pounds
  • Shares Issued: 474.32m
  • Volume: 922,634
  • Market Cap: £4,145.54m
  • RiskGrade: 176

Hargreaves Lansdown ups dividend as younger investors join

By Sean Farrell

Date: Monday 01 Feb 2021

LONDON (ShareCast) - (Sharecast News) - Hargreaves Lansdown increased its interim dividend as the company reported a 10% rise in first-half profit and attracted younger investors.
The FTSE 100 investment platform's pretax profit rose to £188.4m from £171.1m in the six months to the end of December as revenue increased 16% to 299.5m.

Hargreaves Lansdown attracted £3.2bn of net new business compared with £2.3bn a year earlier and £7.7bn in all of the previous financial year. Assets under administration rose 16% from the end of the previous financial year to 120.6bn.

The company raised its interim dividend 6% to 11.9p a share and said it would pay special dividends when it had spare cash.

First-half profit was driven by a 123% increase in equity trading as investors responded to news about Covid-19 and the UK's Brexit trade deal. The company also said younger customers were supporting growth with 47% of new clients aged between 30 and 54.

Hargreaves Lansdown said trading in January was similar to other lockdown periods with strong dealing volumes, "robust" net new business and new client numbers.

Chris Hill, Hargreaves Lansdown's chief executive, said: As our client numbers continue to grow, we are finding that younger people are taking a greater interest in investing for the future, with the average age of our clients continuing to fall. Covid-19 has underpinned the importance of financial resilience."

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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 874.00p
Change Today -22.00p
% Change -2.46 %
52 Week High 1,598.00
52 Week Low 762.60
Volume 922,634
Shares Issued 474.32m
Market Cap £4,145.54m
RiskGrade 176

HL. Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
68.14% below the market average68.14% below the market average68.14% below the market average68.14% below the market average68.14% below the market average
79.37% below the sector average79.37% below the sector average79.37% below the sector average79.37% below the sector average79.37% below the sector average
Price Trend
44.73% below the market average44.73% below the market average44.73% below the market average44.73% below the market average44.73% below the market average
33.83% below the sector average33.83% below the sector average33.83% below the sector average33.83% below the sector average33.83% below the sector average
Income
27.63% above the market average27.63% above the market average27.63% above the market average27.63% above the market average27.63% above the market average
51.9% below the sector average51.9% below the sector average51.9% below the sector average51.9% below the sector average51.9% below the sector average
Growth
98.17% above the market average98.17% above the market average98.17% above the market average98.17% above the market average98.17% above the market average
96.69% above the sector average96.69% above the sector average96.69% above the sector average96.69% above the sector average96.69% above the sector average

What The Brokers Say

Strong Buy 7
Buy 1
Neutral 8
Sell 0
Strong Sell 4
Total 20
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 28-Sep-2022

Time Volume / Share Price
12:50 11 @ 874.00p
12:50 92 @ 874.00p
12:50 118 @ 873.80p
12:50 34 @ 873.80p
12:50 82 @ 873.80p

HL. Key Personnel

CEO Christopher Hill
CFO Amy Stirling

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