Hargreaves Lansdown PLC Add to portfolio

The company has grown from a two-man operation into one of the largest financial institutions in the UK, managing tens of billions of pounds for UK investors. Investors have been well rewarded and more than happy to pay a premium for shares in the business. However, at the end of September, its expansion hit a stumbling block. The biggest the sticking point for me is Hargreaves Lansdown’s current valuation. Even after losing nearly a fifth of its value, the stock is still changing hands for 32 times estimated 2019 earnings. Financial markets will always be a critical part of the global economy. As the LSE operates some of the biggest markets in Europe, it should have no problem generating a steady revenue for many years to come. And unlike Hargreaves Landsdown, which generally reports a slowdown when markets are volatile as investors take to the sidelines, volatility is excellent news for the LSE as it means more trading.

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Hargreaves Lansdown (LON:HL)‘s stock had its “hold” rating reissued by equities researchers at Numis Securities in a report released on Monday, October 8th. JPMorgan Chase & Co. lowered their target price on shares of Hargreaves Lansdown from GBX 1,790 ($23.39) to GBX 1,770 ($23.13) and set an “underweight” rating on the stock in a research note on Wednesday, August 8th. Five equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. Hargreaves Lansdown has a 52-week low of GBX 1,258 ($16.44) and a 52-week high of GBX 1,935 ($25.28).

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Hargreaves Lansdown assets up 3 pct on inflows, market moves. * New (KOSDAQ: 160550.KQ - news) business adds 1.3 bln stg, market moves 1.2 bln stg. LONDON, Oct (Shenzhen: 000069.SZ - news) 11 (Reuters) - British fund supermarket Hargreaves Lansdown (Frankfurt: DMB.F - news) shrugged off market jitters to post a 3 percent rise in assets in its first quarter, bolstered by a jump in new clients and market gains. Despite that, Hargreaves, which offers a range of funds and other financial services through its online platform, said assets rose to 94.1 billion pounds ($124.41 billion) buoyed by 1.3 billion pounds in net new business and positive market moves, which added a further 1.2 billion pounds.

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Hargreaves Lansdown (LON:HL)‘s stock had its “hold” rating restated by analysts at Peel Hunt in a report released on Thursday. Citigroup reissued a “sell” rating and set a GBX 1,450 ($18.95) target price on shares of Hargreaves Lansdown in a report on Tuesday, September 18th. Jefferies Financial Group cut Hargreaves Lansdown to an “underweight” rating and increased their price target for the company from GBX 1,490 ($19.47) to GBX 1,650 ($21.56) in a report on Monday, July 23rd. Hargreaves Lansdown presently has an average rating of “Hold” and a consensus target price of GBX 1,758.30 ($22.98).

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Jefferies Financial Group lowered Hargreaves Lansdown to an underweight rating and increased their price target for the stock from GBX 1,490 ($19.47) to GBX 1,650 ($21.56) in a research note on Monday, July 23rd. Five equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of GBX 1,758.30 ($22.98). Hargreaves Lansdown has a one year low of GBX 1,258 ($16.44) and a one year high of GBX 1,935 ($25.28).

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