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Hargreaves Lansdown PLC Add to portfolio

LON100:HL, May 20, 11:26 UTC

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Friday, May 18


News

DIRECTOR DEALINGS: Hargreaves Lansdown Directors Sell Shares

HL

LONDON (Alliance News) - Hargreaves Lansdown PLC said Friday its chief investment officer and commercial director both sold shares for a combined worth of GBP10.5 million. Commercial Director Ian Hunter sold 410,262 shares at 1,952.15 pence for a total of GBP8 million. Lee Gardhouse, who currently serves as chief investment officer, sold 128,066 shares at 1,952.15p for GBP2.5 million. Annette Dampier, a person closely associated with Head of Research Mark Dampier, sold 102,452 shares at the same price for GBP2 million.

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Wednesday, May 16


Social Chatter

Hargreaves Lansdown PLC (LON100:HL) social chatter is higher than usual

HL
Analysts at JP Morgan Cazenove Reiterate their Past ‘Neutral’ rating on Shares Hargreaves Lansdown PLC (LON:HL), Set a GBX 1690.00 Price Objecti...
News

JP Morgan Cazenove Has Just Reaffirmed GBX 650.00 Target Price Per Share on BTG PLC (LON:BTG) stock, While They've Also Reiterated Their "Neutral" Rating

HL BTG

It improved, as 23 investors sold Hargreaves Lansdown plc shares while 42 reduced holdings. Merriman Wealth Limited Liability holds 0.66% of its portfolio in Hargreaves Lansdown plc (LON:HL) for 682,312 shares. Tower Cap Ltd Liability Corporation (Trc) holds 0% or 3,345 shares in its portfolio. Since December 14, 2017, it had 2 buys, and 0 sales for $98,371 activity. Peel Hunt maintained it with “Add” rating and GBX 1600 target in Tuesday, February 6 report. As per Tuesday, May 15, the company rating was maintained by Shore Capital.

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News

Peel Hunt Downgrades Hargreaves Lansdown (HL) to Hold – BangaloreWeekly

HL

Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hargreaves Lansdown and related companies with MarketBeat.com's FREE daily email newsletter. Morgan Stanley boosted their price target on Hargreaves Lansdown from GBX 1,295 ($17.57) to GBX 1,755 ($23.81) and gave the stock an equal weight rating in a research report on Thursday, February 22nd. Four analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. Hargreaves Lansdown has a 52-week low of GBX 1,258 ($17.06) and a 52-week high of GBX 1,935 ($26.25).

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News

Industry in limbo as HMRC appeals £15m Hargreaves tax win

HL

The Lang Cat director Mike Barrett said the decision to appeal leaves investors, asset managers and platforms in limbo as the industry has been moving away from rebates in favour of alternative discount mechanisms, despite the fact they are more cost effective and encourage competition. Barrett told IA sister publication Portfolio Adviser that he was not surprised that HMRC had appealed the decision but was surprised at the length of time it would take for the appeal to be resolved. Barrett said: “The sooner it gets resolved the better because it does have an impact on end investors.”. While Hargreaves has led the charge, Barrett said the ruling would have implications for other platforms, such as AJ Bell and Fidelity in the direct-to-consumer space, and larger advised platforms, like Aviva, Standard Life and Old Mutual Wealth. HMRC started to tax Hargreaves refunds of the annual management charge (AMC), which it paid out to clients as fund loyalty bonuses, in 2013.

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HMRC to appeal 'loyalty bonuses' ruling after Hargreaves victory - Money Marketing

HL LLOY

By continuing to use this site you consent to the use of cookies on your device as described in our cookie policy unless you have disabled them. HM Revenue & Customs has announced it will appeal against a tribunal ruling that should hand £15m back to investors in taxes on loyalty bonuses. He said: "The process is likely to complete in the first half of 2019 and a successful outcome will see millions returns to clients, as well as a simplification of their tax affairs. For now, Hargreaves Lansdown continues to pay loyalty bonuses to clients. However, since 6 April 2013, these bonuses have been paid after deducting a 20 per cent provision for the 'discount tax' being equivalent to the basic rate of income tax. This money is in part being held by HMRC and part by Hargreaves Lansdown, and will be returned to investors if the tax office loses the appeal.

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News

HMRC appeals Hargreaves Lansdown's 'discount' tax win

HL

HM Revenue & Customs (HMRC) is appealing against a court ruling over the tax applied to 'loyalty bonuses' paid by platforms, with the fate of millions of pounds that was due to be returned to investors hanging in the balance. The taxman said it would be appealing March's court victory for Hargreaves Lansdown, when judge Thomas Scott ruled in favour of the online stockbroker in its challenge to taxes on the payments. 'The process is likely to complete in the first half of 2019 and a successful outcome will see millions return to clients and their tax affairs simplified. They continue to be employed on share classes of funds dating back before the introduction of retail distribution review (RDR) rules in 2013, allowing investors to be reimbursed for the part of fund annual management charges (AMCs) once reserved for platforms and financial advisers, before those payments were banned. And they are still a feature on most of Hargreaves' Wealth 150+ funds, where the broker has negotiated a discount on fund AMCs for clients.

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Tuesday, May 15


News

Hargreaves Lansdown reaps benefits after Barclays glitch

BARC HL

Bristol-based investment shop Hargreaves Lansdown is still luring in angry Barclays' customers impacted by the banking giant's botched switchover last summer. The FTSE 100 broker told investors on Tuesday that it added 60,000 new clients and £3.3bn worth of new business to its books in the year to April 30. A source said that the unnamed rival is Barclays’ Stockbroker service, which faced a slew of investor complaints last year following a technical glitch after it moved customers to a new service called Smart Investor. The issue forced some to jump to rivals, with Hargreaves Lansdown citing "significant" levels of transfers to its business in the second half of last year. As well as still taking in customers from Barclays, the company said it was also boosted by an increase in marketing, as well as some customer transfers from Old Mutual, which stopped offering Isa services in February.

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Social Chatter

Hargreaves Lansdown PLC (LON100:HL) social chatter is higher than usual

HL
TOday’s Movers: Hargreaves Lansdown PLC (LON:HL) Stock Rating Reaffirmed by Analysts at Peel Hunt; GBX 1760.00 Target Price Indicates -6.32 % Potenti...
News

Why Hargreaves Lansdown is one of my top FTSE 100 growth stocks

HL

The FTSE 100 is made up of the largest 100 companies listed in the UK, meaning that many companies within the index are mature firms that don’t offer exhilarating growth prospects. For those looking for value, the FTSE 100 offers plenty of options, yet for those looking for strong growth, choices are more limited. Set to benefit as shares and funds rise in value over time, Hargreaves has considerable appeal as a growth stock. Net revenue for the period climbed to £151m, up from £131m for the same period last year and at the end of the period, assets under administration were £88.8bn, up from £79.2bn at the start of July. While the outlook for Hargreaves does look very attractive, it’s worth noting that the shares do trade at quite an expensive valuation at present. City analysts currently expect the group to generate earnings per share of 50.1p for FY2018, meaning that the stock’s forward-looking P/E ratio is a high 37.6. As a result, while I’d like to own HL shares in my own portfolio, I’m going to keep the stock on my watchlist for now and wait for a more attractive entry point.

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