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

Jefferies upgrades Hargreaves Lansdown, AJ Bell

By Michele Maatouk

Date: Tuesday 04 Oct 2022

LONDON (ShareCast) - (Sharecast News) - Jefferies upgraded its stance on AJ Bell and Hargreaves Lansdown on Tuesday to 'hold' from 'underperform'.
Jefferies hiked the price target on Hargreaves Lansdown to 930p from 800p.

"In common with other platforms, the quarterly mark-to-market was better than one might have expected because of the weighting to US equities and the weak pound," it said. "We have applied a 2% headwind to assets under administration in 1H, but raised our estimates for the revenue margin on cash considerably, hitting 150bps in FY24.

"This lifts our discounted cash flow valuation to £9.30, and we raise our recommendation to hold: there may be some challenges ahead, but this is a good and highly profitable business."

The bank lifted its price target on AJ Bell to 250p from 220p, noting the share price has fallen somewhat, while interest rates have risen.

"Our mark-to-market for the quarter is negative, and we have assumed that flows slow in FY23 on investor uncertainty, but these factors are outweighed by our interest income margin changes," it said.

"In our view, the company remains well-led following recent changes."

At 0930 BST, HL shares were up 6.6% at 916.20p, while AJ Bell shares were 5.6% higher at 294.20p.

Email this article to a friend

or share it with one of these popular networks:


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
10.34% below the sector average10.34% below the sector average10.34% below the sector average10.34% below the sector average10.34% 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
72.73% above the sector average72.73% above the sector average72.73% above the sector average72.73% above the sector average72.73% 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
23.36% above the sector average23.36% above the sector average23.36% above the sector average23.36% above the sector average23.36% 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

Top of Page