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

JPMorgan reiterates 'underweight' on Hargreaves Lansdown

By Michele Maatouk

Date: Tuesday 09 Aug 2022

LONDON (ShareCast) - (Sharecast News) - JPMorgan Cazenove reiterated its 'underweight' rating and 770p price target on Hargreaves Lansdown on Tuesday following the investment platform's half-year results a day earlier.
The bank said temporary cash revenues can't replace lack of growth.

"In our view, the investment case for wealth platforms rests on strong assets and customer growth over time, supported by secular tailwinds," it said.

"Hargreaves Lansdown has been displaying a negative trend in both of these variables for some time, with a concerningly steep slowdown in 2H22.

"Despite a positive earnings per share revision triggered by the expectation of higher cash revenues, 4Q results suggest, in our view, that the headwinds (competition and negative momentum) at HL are even stronger than what we initially expected."

At 1015 BST, HL shares were up 1.9% at 967.60p.

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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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