Hargreaves Lansdown (HL.)

Sector:

Financials

Index:

FTSE 100

959.40p
   
  • Change Today:
      10.00p
  • 52 Week High: 1,598.00
  • 52 Week Low: 762.60
  • Currency: UK Pounds
  • Shares Issued: 474.32m
  • Volume: 425,738
  • Market Cap: £4,550.61m
  • RiskGrade: 176

Hargreaves Lansdown H1 profits slump on lower share-dealing revenues

By Iain Gilbert

Date: Tuesday 22 Feb 2022

LONDON (ShareCast) - (Sharecast News) - Financial services company Hargreaves Lansdown revealed on Tuesday that profits had fallen during the first half of its 2022 trading year on the back of a reduction in share-dealing revenues.
In the six months ended 31 December, revenues slipped 4% to £291.1m and interim pre-tax profits and diluted earnings per share both slumped 20% to £151.2m and 25.7p, respectively as net new business contracted 28% year-on-year to £2.32bn.

Total assets under administration, on the other hand, increased 17% to £141.2bn.

Looking ahead to the remainder of the financial year, HL noted it was now rapidly approaching the all-important tax year-end season and said it was entering the period with more clients than ever before, improved client service levels, and greater levels of client engagement.

"Combined with the launch of our latest national advertising campaign, 'Switch Your Money On' we are well placed to increase new clients and net new business above the levels seen in the first half of the year," said Hargreaves Lansdown.

However, while HL said such a skew towards an improved second-half performance was "not new", it acknowledged that it was not clear how significant levels of inflation currently being seen and geopolitical tensions may impact markets and investor confidence in the coming months.

As of 0805 GMT, HL shares had sunk 16.10% to 1,089.0p.

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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 959.40p
Change Today 10.00p
% Change 1.05 %
52 Week High 1,598.00
52 Week Low 762.60
Volume 425,738
Shares Issued 474.32m
Market Cap £4,550.61m
RiskGrade 176

HL. Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
68.9% below the market average68.9% below the market average68.9% below the market average68.9% below the market average68.9% 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
73.52% below the market average73.52% below the market average73.52% below the market average73.52% below the market average73.52% below the market average
83.58% below the sector average83.58% below the sector average83.58% below the sector average83.58% below the sector average83.58% below the sector average
Income
37.33% above the market average37.33% above the market average37.33% above the market average37.33% above the market average37.33% 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
99.61% above the market average99.61% above the market average99.61% above the market average99.61% above the market average99.61% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average

What The Brokers Say

Strong Buy 8
Buy 1
Neutral 6
Sell 0
Strong Sell 5
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 09-Aug-2022

Time Volume / Share Price
11:56 218 @ 959.40p
11:56 213 @ 959.40p
11:56 67 @ 959.40p
11:55 38 @ 959.60p
11:55 241 @ 959.60p

HL. Key Personnel

CEO Christopher Hill
CFO Amy Stirling

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