HL.L - Hargreaves Lansdown plc

LSE - LSE Delayed price. Currency in GBp
1,898.00
+41.00 (+2.21%)
At close: 5:07PM BST
Stock chart is not supported by your current browser
Previous close1,857.00
Open1,867.00
Bid0.00 x 0
Ask0.00 x 0
Day's range1,865.50 - 1,898.00
52-week range1,624.00 - 2,447.00
Volume601,766
Avg. volume1,440,855
Market cap9.003B
Beta (3Y monthly)0.79
PE ratio (TTM)36.50
EPS (TTM)52.00
Earnings date4 Feb 2019 - 8 Feb 2019
Forward dividend & yield0.34 (1.81%)
Ex-dividend date2019-09-26
1y target est1,810.38
  • Is it time to pile into the Hargreaves Lansdown share price?
    Fool.co.uk

    Is it time to pile into the Hargreaves Lansdown share price?

    After the shares were recently knocked back, do these good results make Hargreaves Lansdown plc (LON: HL) a buy?

  • Reuters - UK Focus

    UPDATE 2-China respite spurs strong bounce in European shares

    European shares had their best day in almost two months on Thursday as upbeat trade data from China and a steadying of its currency helped to calm some fears of recession and a further escalation in Sino-U.S. trade tensions. The pan-European STOXX 600 index rose for a second day, closing 1.7% higher, swept up in a global rally after days of turmoil sparked by an escalation in U.S.-China trade tensions last week. Data showed July exports in China rose at their fastest since March, while a fall in imports was not as bad as a forecast, soothing worries that the protracted and escalating trade war will tip the world into recession.

  • Reuters - UK Focus

    UPDATE 2-FTSE jumps amid soothing China nerves; miners, Hargreaves lead

    Mining stocks thrust London's main index higher on Thursday after a round of Chinese data dissipated some global growth fears and nickel prices hit a 16-month high amid supply worries, while Hargreaves Lansdown advanced after strong annual results. The FTSE 100, which fell almost 5% in the days after President Donald Trump said he would slap tariffs on more Chinese imports last week, recovered for the second session running and surged 1.2%.

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    What to watch: HSBC shakeup, Savills profit hit, and Co-op Bank losses

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  • Bloomberg

    Hargreaves Lures New Customers in Year Clouded by Woodford

    (Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Hargreaves Lansdown Plc attracted new clients in a year that ended with the U.K.’s biggest online investment platform caught up in the tumult surrounding Neil Woodford’s decision to freeze his flagship fund.The platform got 133,000 new clients for the 12-month period ended June 30, the company said in a statement on Thursday. This compares with the 137,000 new clients it signed up for the 12-month period ended June 30, 2018. Hargreaves rose as much as 6.7% in London trading.Hargreaves Lansdown has come under intense scrutiny for its longstanding backing of U.K. stock picker Woodford. The platform said in June that 291,520 clients either own shares in the LF Woodford Equity Income Fund or are exposed to it indirectly. Woodford shocked the financial world that month when he froze withdrawals in his flagship fund, citing an inability to sell holdings quickly enough to meet redemption requests.“I have apologised to all clients who have been impacted by the recent problems around the Woodford Equity Income Fund, because we all share their disappointment and frustration,” Chief Executive Officer Chris Hill said in the statement. “I am determined that we learn from events such as these.”Net new business totaled 7.3 billion pounds ($8.9 billion) in the period, more than the 6.9 billion pounds forecast in a company-compiled analyst consensus.The firm’s assets under administration rose to 99.3 billion pounds from the 91.6 billion pounds as of June 30, 2018. The firm’s net revenue rose to 480.5 million pounds from 447.5 million pounds the previous year. That’s below a company-compiled average of 484.1 million pounds by 15 analysts.Hargreaves removed Woodford’s flagship fund from one of its “favorite” lists after he froze redemptions and also sold its stake in a smaller Woodford fund as the Oxford-based manager came under fire from regulators, politicians and long-time backers. The company also waived its platform fee for clients who held the suspended fund. It estimates loss of revenue to be at about 360,000 pounds per month while the fund remains closed, according to the statement.Hill and Chief Financial Officer Philip Johnson won’t take bonuses for 2019 in the wake of the Woodford fund suspension, according to the statement. Other executives including Research Director Mark Dampier and Chief Investment Officer Lee Gardhouse will also forgo their bonuses for the same period, according to a spokesman for the company.(Updates with share moves in second paragraph, lost revenue details in seventh paragraph.)To contact the reporter on this story: Suzy Waite in London at swaite8@bloomberg.netTo contact the editors responsible for this story: Shelley Robinson at ssmith118@bloomberg.net, Ambereen ChoudhuryFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Hargreaves Lansdown 'well-prepared' for no-deal Brexit
    Yahoo Finance UK

    Hargreaves Lansdown 'well-prepared' for no-deal Brexit

    CEO Chris Hill said the investment platform has "plans in place" and is "well prepared."

  • FTSE jumps amid soothing China nerves; miners, Hargreaves lead
    Reuters

    FTSE jumps amid soothing China nerves; miners, Hargreaves lead

    The FTSE 100 , which fell almost 5% in the days after President Donald Trump said he would slap tariffs on more Chinese imports last week, recovered for the second session running and surged 1.2%. The more domestically focussed mid-cap index rose 1% on its best day in nearly three months. "The trade spat is far from over, but while the rhetoric and the actions have been dialled down, traders are swooping in snapping up relatively cheap stocks," CMC Markets analyst David Madden said.

  • Reuters - UK Focus

    UPDATE 2-Hargreaves Lansdown weathers Woodford as asset rise lifts shares

    British fund supermarket Hargreaves Lansdown overcame adverse publicity over the suspension of Neil Woodford's flagship fund to increase full-year assets by 8.4% on a growing client base and net savings inflows, sending its shares higher. The UK's biggest online investing platform appeared to have weathered the ire of clients and policymakers since the June suspension of Woodford's equity income fund, which Hargreaves had championed for years to its many retail savers. Hargreaves said on Thursday that total assets under administration were 99.3 billion pounds ($121 billion) at end-June, up from 91.6 billion pounds a year earlier and beating a company supplied consensus of 15 analysts for 98.7 billion pounds, helping to underpin a 7.7% rise in its shares.

  • Hargreaves Lansdown CEO: 'Right thing' for Woodford to axe fees on frozen fund
    Yahoo Finance UK

    Hargreaves Lansdown CEO: 'Right thing' for Woodford to axe fees on frozen fund

    Hargreaves CEO Chris Hill and CFO Phil Johnson are both waiving their bonuses over the fiasco.

  • Reuters

    Hargreaves Lansdown weathers Woodford as asset rise lifts shares

    British fund supermarket Hargreaves Lansdown overcame adverse publicity over the suspension of Neil Woodford's flagship fund to increase full-year assets by 8.4% on a growing client base and net savings inflows, sending its shares higher. The UK's biggest online investing platform appeared to have weathered the ire of clients and policymakers since the June suspension of Woodford's equity income fund, which Hargreaves had championed for years to its many retail savers. Hargreaves said on Thursday that total assets under administration were 99.3 billion pounds at end-June, up from 91.6 billion pounds a year earlier and beating a company supplied consensus of 15 analysts for 98.7 billion pounds, helping to underpin a 7.7% rise in its shares.

  • Reuters

    Hargreaves Lansdown management to give up bonuses amid Woodford furore

    Executives at fund supermarket Hargreaves Lansdown are surrendering their bonuses after clients were hit by the suspension of Neil Woodford's flagship fund, a source with direct knowledge of the matter said. Chief Executive Chris Hill, Chief Financial Officer Philip Johnson, Chief Investment Officer Lee Gardhouse and Research Director Mark Dampier, will take no bonus for 2019, the source said. This demonstrates his and Hargreaves Lansdown's continued focus on putting clients first," he added.

  • What do Neil Woodford’s further troubles mean for Hargreaves Lansdown?
    Fool.co.uk

    What do Neil Woodford’s further troubles mean for Hargreaves Lansdown?

    Hargreaves Lansdown plc (LON: HL) shares fell after the Woodford Equity Income fund suspension, but could they go lower?

  • Have £5k to spend? 2 FTSE 100 stocks I think could make you an ISA millionaire
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    Have £5k to spend? 2 FTSE 100 stocks I think could make you an ISA millionaire

    Royston Wild scans two FTSE 100 (INDEXFTSE: UKX) shares that he thinks could make you a million. Can you afford to miss out?

  • One FTSE 100 stock that Britain’s Warren Buffett just bought more of
    Fool.co.uk

    One FTSE 100 stock that Britain’s Warren Buffett just bought more of

    Want to know what FTSE 100 (INDEXFTSE: UKX) stock one of the UK's top portfolio managers has bought recently? Read on to find out.

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    5 index tracker funds I love

    Collectively, UK investors know a thing or two, so I’m focusing in on their top five tracker fund picks, and I love them too.

  • My take on what the Neil Woodford debacle means for Hargreaves Lansdown
    Fool.co.uk

    My take on what the Neil Woodford debacle means for Hargreaves Lansdown

    Andy Ross asks what next for the share price of investing platform Hargreaves Lansdown plc (LON: HL) after the Neil Woodford debacle?

  • FTSE 100 stock Hargreaves Lansdown crashed in June. Here’s what I’d do now
    Fool.co.uk

    FTSE 100 stock Hargreaves Lansdown crashed in June. Here’s what I’d do now

    FTSE 100 (INDEXFTSE: UKX) stock Hargreaves Lansdown plc (LON: HL) fell sharply in June on the back of the suspension of the Woodford Equity Income fund. Is it now priced to buy?

  • Reuters - UK Focus

    Illiquid investment funds "built on a lie", BoE's Carney says

    Bank of England Governor Mark Carney said investment funds that include illiquid assets but allow investors to take out their money whenever they like were "built on a lie" and could pose a big risk to the financial sector. Earlier this month, a flagship fund, the LF Woodford Equity Income Fund, suspended redemptions after a rush of requests by investors seeking to take out their money. You can see something that could be systemic," Carney told lawmakers about the issue of liquidity mismatches.

  • Reuters - UK Focus

    UPDATE 2-Policymakers turn up heat on Woodford after fund suspension

    Bank of England Governor Mark Carney on Wednesday said illiquid funds that allow savers to take money out at will were "built on a lie", in the latest criticism of British investment guru Neil Woodford's management of his suspended flagship fund. One of Britain's best-known money managers, Woodford over the years won the trust of thousands of small savers before the fund abruptly barred investors from taking their money out because it could not meet redemption requests. The suspension of the 3.7 billion pound ($4.7 billion) LF Woodford Equity Income fund on June 3 has shocked Britons given the hundreds of thousands of retail investors left dangling and the rarity of an easily accessible fund being suspended.

  • Reuters - UK Focus

    UK lawmaker Morgan backs tighter regulation of fund 'buy lists'

    Treasury Select Committee Chair Nicky Morgan has said she would back tighter regulation of so-called 'best buy lists' as the regulatory fallout from the suspension of one of Britain's biggest investment funds continues. Speaking at the Investment Association policy conference in London on Wednesday, Morgan criticised fund manager Neil Woodford for failing to waive fees imposed on investors caught up in the gated LF Woodford Equity Income Fund, and said the decision further eroded public trust in the financial industry. Morgan told delegates that had a principles-based system been in place to regulate UCITS funds, Woodford's fund may not have pushed liquidity limits.

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