Hargreaves Lansdown Plc

-12.40 (-1.52%)
Share Name Share Symbol Market Type Share ISIN Share Description
Hargreaves Lansdown Plc LSE:HL. London Ordinary Share GB00B1VZ0M25 ORD 0.4P
  Price Change % Change Share Price Shares Traded Last Trade
  -12.40 -1.52% 802.20 1,121,625 16:35:06
Bid Price Offer Price High Price Low Price Open Price
802.00 802.80 817.20 801.80 817.20
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Security Brokers & Dealers 583.00 216.30 45.60 17.21 3,804.98
Last Trade Time Trade Type Trade Size Trade Price Currency
18:57:12 O 24,779 803.237 GBX

Hargreaves Lansdown (HL.) Latest News

Hargreaves Lansdown (HL.) Discussions and Chat

Hargreaves Lansdown Forums and Chat

Date Time Title Posts
23/2/202212:04Good Value3
24/1/202114:01Mis selling scandal of Woodford - will there be fallout /mis selling by HL.?1
03/3/201509:10H&L. Strong demand on Day One536

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Hargreaves Lansdown (HL.) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2023-05-31 17:57:30803.2424,779199,034.10O
2023-05-31 17:10:52809.401641,327.42O
2023-05-31 17:04:35802.201901,524.18O
2023-05-31 17:03:22802.305084,075.68O
2023-05-31 16:48:25811.611901,542.06O

Hargreaves Lansdown (HL.) Top Chat Posts

Top Posts
Posted at 24/5/2023 10:40 by ochs
@giltedge1 today is a good example of my concern for the HL share price since March - we fall when markets fall, but we failed to rise since mid-March when markets (espec Germany and UK) have been doing very well.
Posted at 23/5/2023 11:23 by ochs
Fingers crossed, I certainly think it will be hard for the FCA to take action against HL. Surely if they were planning to they'd have done it at same time as Link?

High markets at present are great for monthly percentage fee income on funds, plus higher interest rates go straight to the bottom line with the £billions of cash held.

Posted at 21/5/2023 07:20 by ochs
Good point @giltedge1, for a long time the market rated HL as a growth stock, hence the premium price and high P/E - now profits have actually caught up with the share price and the market is not seeing so much future growth (at present) and so the dividend yield is also looks healthy at present.

With regards to the fund list (ex Wealth 150) I think you're right - infact HL always did things very much in conjunction with the FCA - so the way it was presented (on a non-advisory basis) was essentially FCA approved. Perhaps the market doesn't understand this point?

I think future growth can come from the Active Savings service - the potential is still massive and they started it ahead of competitors - although a lot of marketing spend will probably be needed to make it really big. Additionally there will probably be some consolidation - perhaps a future merger between HL and AJ Bell?

Posted at 20/5/2023 12:52 by ochs
@giltedge1, I agree with much you say, but the big problem with the share price at present is the Woodford saga still hanging over it - seems the market won't re-rate until it is finally put to bed.

My other concern is that where the market has generally recovered very well from the mid-March lows (for example Germany reached all time highs yesterday and the Nasdaq is now above the highs from Aug 2022) the HL share price is hardly changed from March - and therefore if there were to be a general market correction HL could be in danger of falling below previous lows and perhaps under £7 or worse!

Posted at 27/4/2023 09:41 by jubberjim
Screens frozen again not updating.
Suppose it is one way of stopping your share price from being cratering

I can see more and more investors jumping ship

Posted at 22/2/2023 11:11 by ochs
These are the broker updates I can find from last week on Sharecast,

Numis, Buy, price target increased to 1,679p (from 1,550p)
Barclays, Overweight, price target decreased to 1,225p (from 1,240p)
Peel Hunt, Buy, price target 1,220p
Shore Capital, Buy, no price target provided
Credit Suisse, Underperform, price target 800p
JPM, Underweight, price target increased to 785p (from 780p)

Posted at 21/2/2023 13:45 by jubberjim
Is there the possibility however slight that news of the settlement by link in relation to the Woodford debacles has unearthed the skeletons long considered buried
And this is impacting upon the Hargreaves share price at the moment.

Regardless not many people willing to invest in any share ahead of a raft of figures from the various companies reporting

Am surprised it has held up so well but this level here 840 level does not tempt me dividend raise not withstanding

Avoiding Abdn for same reason as can envisage significantly lowe volume of shares being bought and sold as investors hold on to cash

Awaiting results over next few weeks and news on dividends before dipping in again.

Careful out there !

Posted at 16/1/2023 12:40 by ochs
The HL share price is approaching a key resistance area where the price previously failed at in November (942p to 945p). If the price can close above 945p, then the next stop should be 988p (Aug 2022 high), and then 1,069p (Mar 2022 post CMD high).
Posted at 20/10/2022 12:04 by imastu pidgitaswell
It's the CEO's job to set a strategy and deliver it. It's the chair's (part-time) job to hold them to account and make a change when they fail.

Perfectly good argument that that is what she has done - the strategy has not been good, it has been to milk clients for as much as they can get away with while costs and service all the while. They have then changed tack, with the February update (which was Chris Hill's strategy) and it has not been well received. So now she is acting and he is going (believe the 'retiring' at 51 one if you wish.)

There is an argument that she should have acted sooner, given the share price performance, but a factor of that is that it was way overvalued in the first place at £25 or so, which is what he is complaining about. It is still valued in the high teens in terms of earnings multiples - not cheap.

Also a factor is the pandemic - without it he might have been disposed of sooner.

I don't know if she has done a good job or not - but the share price performance is down to the overvaluation in the first place and also Chris Hill's failures to lead and deliver.

Posted at 19/5/2022 19:23 by lomax99
It is on Citywire:Next month marks the third anniversary of the suspension of the Woodford Equity Income fund and 36 months since the Financial Conduct Authority launched an inquiry into the scandal affecting 300,000 investors. Star fund manager Nick Train wants to know what on earth the hold-up is, believing the uncertainty is weighing on the shares he holds in Hargreaves Lansdown.Speaking at the Frostrow investment companies conference in the City of London yesterday, Train, whose firm Lindsell Train is Hargreaves' second biggest shareholder with a 12.8% stake, called for those involved in the running and promotion of Neil Woodford's fund and business to be either 'sued or exonerated'.Train, who holds Hargreaves in his £1.8bn Finsbury Growth & Income (FGT) investment trust and £5.3bn Lindsell Train UK Equity fund, said there was 'no point in not being transparent and candid' about the poor performance of the shares.Despite operating the UK's largest retail investment platform, with £132bn of assets under administration and a leading share of the growing market in DIY investing and shares in the FTSE 100, the Bristol-based broker has lost 64% in three years. By contrast the UK stock market is up 13%.Hargreaves played a leading role in supporting Woodford (pictured above) when the former star equity income fund manager left Invesco to set up his own business. It invested heavily in the Equity Income fund through its own multi-manager funds and included it in its Wealth 50 recommendations list right up until the fund's suspension in June 2019.Train (above), who also runs the £6.9bn Lindsell Train Global Equity fund, said the involvement had hung over the investment platform, noting that the FCA had failed to draw any conclusions or pin any blame despite an ongoing report into the scandal.'It is three years almost to the month since the suspension of the Woodford fund and we have not been offered any report on the circumstances,' said Train.'People who participated in that – to a greater or lesser extent – need to be sued or exonerated. I can see why people are waiting for that.'Hargreaves not AmazonTrain also noted that heavy selling of Hargreaves shares by founders Peter Hargreaves and Stephen Lansdown had held back the stock. The former sold £300m of shares in February 2021, just a year after offloading £550m of stock, while the latter sold more than £250m of shares post-lockdown.Train said the selling was 'not helpful' to the share price.He also criticised the company for failing to invest more in the platform business until this year, choosing instead to reward shareholders with special dividends.'We are forever badgering Hargreaves to stop paying so much in special dividends and invest more in functionality and opportunities that present themselves to the biggest investment platform in the UK,' he said.'There is evidently major opportunities to expand the business... but they need to spend to do it,' Train said.However, the fund manager noted Hargreaves was not given credit when it did invest. In February, the shares tumbled more than 15% when it canned its accustomed additional dividend to plough £175m into a new five-year digital and advice strategy.Train said if Amazon had announced a similar investment strategy 'then the shares would have been up 15% because investors would have rewarded the entrepreneurial spirit.' The Hargreaves investment was 'not afforded any value' because of the previous focus on the special dividend, he said.Last December FCA chief executive Nikhil Rathi (above) told MPs on the Treasury Select Committee that all key evidence had been gathered in the Woodford inquiry and he expected all investigation work to be complete by the end of the year. However, he cautioned that the evidence would be subject to legal review that could necessitate 'the need for further focused evidence acquisition'. Broker's cash pileMeanwhile, Hargreaves Lansdown has accumulated a cash pile of £433m at the end of last year, which could be useful if it receives a fine in this high-profile case, although the execution-only broker will doubtless argue it never advised investors to buy Woodford's fund.Aside from the regulatory uncertainty, Hargreaves' sliding share price decline mystifies Train. While it has faced growing competitive pressure, the broker has, as the manager highlighted in Finsbury Growth's results this week, proved remarkably profitable, generating an impressive 50% return on equity, the best in his portfolio. From its May 2019 peak of £24.19 the stock has tumbled £15.58 to 861p, down a further 3.2% today, and no longer features as a top-10 holding in Train's trust or funds.Hargreaves' poor share performance sums up a torrid 18 months for Train who, having outperformed the FTSE All-Share for up to 18 years, has fallen way behind the index as his quality growth style has fallen out of favour.Over three years, even with dividends included, Finsbury Growth shares have fallen 7%, compared to the 15% total average return of trusts in its AIC UK Equity Income sector. Nevertheless, he is confident his picks of financially strong global franchises such as Diageo, Burberry and Unilever will re-rate as markets again appreciate their reliability.
Hargreaves Lansdown share price data is direct from the London Stock Exchange
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