Share Name Share Symbol Market Type Share ISIN Share Description
Hargreaves Lansdown LSE:HL. London Ordinary Share GB00B1VZ0M25 ORD 0.4P
  Price Change % Change Share Price Shares Traded Last Trade
  -1.50p -0.08% 1,772.00p 171,848 09:44:24
Bid Price Offer Price High Price Low Price Open Price
1,771.00p 1,772.00p 1,777.50p 1,751.50p 1,777.50p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 447.60 292.40 49.70 35.7 8,404.9

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Date Time Title Posts
03/3/201509:10H&L. Strong demand on Day One536
09/9/201418:19Is this small cap the next Hargreaves Lansdown?-
11/6/201407:17Hargreave Charging structure69
06/2/201414:49*** Hargreaves Lansdown ***21

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Hargreaves Lansdown Daily Update: Hargreaves Lansdown is listed in the General Financial sector of the London Stock Exchange with ticker HL.. The last closing price for Hargreaves Lansdown was 1,773.50p.
Hargreaves Lansdown has a 4 week average price of 1,680.50p and a 12 week average price of 1,624p.
The 1 year high share price is 2,280p while the 1 year low share price is currently 1,594p.
There are currently 474,318,625 shares in issue and the average daily traded volume is 402,319 shares. The market capitalisation of Hargreaves Lansdown is £8,404,926,035.
balancedbob: I agree Ochs. I can not see any news or announcements for any company on HL for this year. How ironic we can not see on HL share service, what is causing the HL 5% drop today.
ochs: Yep, noticed that, thanks. Would you mind checking if you can access the results statement on the HL site via the "Company Announcements" tab when viewing the HL share price? I can't (on Chrome or Explorer) but I gather some people can, so I'm not sure what the problem is.
saltaire111: Well nobody likes a smarty-pants but the 33% increase in the AJ Bell share price this morning is bang in line with my prediction from last week! As expected my application was scaled back and I ended up getting just £50k worth of shares - I applied for £250k. I’m hanging onto the shares and will watch with interest as AJ Bell starts to gobble up market share from HL. Salty
saltaire111: I got the 12.3 by dividing the current HL share price with the mean forecast float price for AJBell. Because I’ve looked at the total number of shares in issue for both companies and the respective earnings per share, I think this works ok as a like for like indicator. And it suggests that AJ Bell is undervalued at £1.60 a share.
broadwood: - Shares of Hargreaves Lansdown fell Monday after the Financial Conduct Authority said it was considering banning companies from charging exit fees which make it too difficult for customers to take their business elsewhere. 'Many advisers told us that they charge additional advice fees for switching platform because it is a full advice event which requires them to produce a suitability report, the FCA wrote.' 'We recognise advisers need to be fairly paid for their work. But it is not clear to us why meeting suitability requirements to switch platforms should outweigh the benefits of switching platform.' At 9:09am: [LON:HL.] Hargreaves Lansdown PLC share price was -86.75p at 1970.25p
par555: Share price down 16% in 2 weeks. Anyone any idea why ? I know the market has declined generally but not that much.
jeffcranbounre: On today's ADVFN podcast I spoke about #GSK, Hargreaves Lansdown #HL. and #Sky with Chris Beauchamp from To listen to the podcast click here>   In today's podcast: - "How to make money in a flat market by doing nothing" - Chris Beauchamp senior analyst at talks technicals of #GSK #SKY & Hargreaves Lansdown #HL. Chris on Twitter is @ChrisB_IG - The micro and macro news - Plus the broker forecasts   Companies mentioned in today's podcast include: Lloyds #LLOY Royal Bank of Scotland #RBS Standard Chartered #STAN GlaxoSmithKline #GSK Barclays #BARC Just Eat #JE. EnQuest #ENQ Falkland Oil & Gas #FOG Synergy Health #SYR #MONY Victrex #VCT Hargreaves Lansdown #HL. Sky #SKY Mosman Oil and Gas #MSMN UDG Healthcare #UDG HSBC #HSBA Nostra Terra Oil and Gas #NTOG Every Tuesday is Ten Bagger Tuesday on the podcast. If you know of a stock, whose share price has the potential to increase ten fold, just click the link below. Ten Bagger Tuesday (All it involves is filling out a form that will take you around 5 minutes and you don't personally appear on the podcast). Once a week, on a Friday, I feature a tip from a listener to this podcast, if you'd like to suggest a stock click the link below: Suggest a stock (Again all it involves is filling out a form that will take you around 5 minutes and you don't personally appear on the podcast). You can subscribe to this podcast in iTunes by clicking HERE To follow me on Twitter click HERE Justin
mikeran: I think this nonsense from Citywire analyst says it all "After upgrading their rating on Hargreaves Lansdown just last month, analysts at Citigroup have cut the stock from 'neutral' to 'sell' following the recent run in the share price. "We upgraded from 'sell' to 'neutral' last month. Recently, however, shares have rallied strongly and there is now 17% downside to our target price Their Target Price is also based on nothing but speculation. But they have ways of Making money. That is what analysts get paid for !!!
robinnicolson: More on that RBC downgrade: The shares have derated significantly YTD but continue to trade at a premium multiple to the diversified financials sector. HL remains a quality company in our opinion but the upside is limited by ongoing concerns about valuation and competition. From reaching an all time high in January 2014, HL’s share price has fallen by 38% to hit a recent low of 964p on 24 September 2014. The FTSE 100 index (HL is a constituent) has declined by 2% over the same period. We misjudged the extent to which the market’s concerns about RDR 2 compliant pricing, HL’s ongoing ability to attract flows and downward pressure on the average interest margin would negatively affect the share price in a catalyst light period. We believe HL's underperformance has been particularly pronounced since it is a higher rated company, which in our opinion faces a greater risk of derating. HL has traded as high as 36.5x 1-year forward earnings in January 2014. In our opinion, HL remains a quality company. We forecast that the operating margin should remain in excess of 70% throughout our forecast horizon and we forecast an underlying diluted EPS CAGR of 13% between FY14A and FY17E. We acknowledge that increasing competition poses a risk to HL’s ability to attract net inflows, but we note that between September 2013 and March 2014, despite a wave of new entrants, HL has in fact grown its market share of the direct-to-consumer platform market. We believe potential upside is limited by HL’s premium valuation. The shares currently trade at 24.3x CY15E EPS, which despite the stock’s significant derating YTD, remains a premium to the diversified financials sector, which trades on average at 13x CY15E earnings. We believe potential upside is limited by HL's high valuation compared to the diversified financials sector, since we believe the market is awaiting clarity on HL’s improved cash offering and since competition continues to intensify in the sector, which we believe poses headline risk to the share price. Price target reduced by 35% to 1075p. We continue to use a DCF to value HL in the absence of a compelling peer group for the stock and since its cash flow generation is high and predictable. We use a CAPM model to derive 8% as our cost of equity (equal to the WACC since HL is debt free). We reduce the perpetual growth rate in our DCF to 3% (previous: 5%) which accounts for the entirety of the reduction to our price target. Our 1075p price target implies a CY15E EPS multiple of 27.1x, which is inline with the average one-year forward P/E multiple over the past two years. Valuation: · As the only listed UK platform business, we do not believe that HL has a direct peer group. Therefore, we do not believe that a comparable multiples approach is appropriate to value the company. · We acknowledge the fact that the outcome of a DCF is manipulated by its inputs, and this is precisely the reason why we do not use it to value any other companies in our coverage universe. However, we believe it is the best alternative to value HL in the absence of compelling comparables. In our opinion, a DCF approach is appropriate since HL’s cash flow generation is high and predictable. We forecast HL to convert nearly 100% of profit after tax to free cash flow in FY15 and FY16. · Since HL is debt free, the WACC is equal to the cost of equity. We use a CAPM model to derive 8.0% as our cost of equity and use a perpetual growth rate of 3.0% (previous: 5.0%) in our DCF. Reducing the perpetual growth rate from 5.0% to 3.0% accounts for the entirety of the reduction to our price target, since the changes to our forecasts are small (we make 2%-3% reductions to our net revenue forecasts). · Our 1075p price target implies a CY15E EPS multiple of 27.1x, which is inline with the average one-year forward P/E multiple over the past two years. Price target impediments: HL continues to trade at a high multiple, and, therefore, faces a greater risk of derating compared to the sector in a market downturn or should the level of growth disappoint. Competition is high and could accelerate customer attrition at HL. We believe that in the UK, there are currently ~30 different companies offering investment services to the DIY investor and the number continues to increase. We believe competition should increase as the UK savings and investment market continues to grow, and since a structural shift is underway in the UK retail space, toward DIY investing on platforms. The investment and customer service propositions offered by HL’s competitors are becoming increasingly sophisticated and comparable to its own service, which could cause customer attrition to accelerate. Regulation could increase the costs of doing business and reduce investor appetite. We also believe that changes in tax law could affect the attractiveness of some of HL's investment products, including ISAs and SIPPs. A prolonged downturn in financial markets could reduce demand for HL’s services. We believe that retail engagement in financial markets tends to increase with positive market performance and low volatility. Adverse market conditions may affect the value of HL’s existing AUA and could result in increased demand for advice-based investment models, rather than the DIY option offered by HL through Vantage. nsider selling could weigh on the share price. We believe that management, the founders, and staff own ~50% of shares outstanding. We note the risk that selling by substantial holders could weigh on the share price, particularly given the incidence of large single transactions in the past. Most recently, on 26 March 2014, Stephen Lansdown sold 14.5MM shares (3.1% of shares outstanding at the time).
robinnicolson: This is the reason for the share price drop this morning: * Hargreaves Lansdown hits a year-low as RBC questions company's valuation. * Shares down 3.4 pct to 930p after falling nearly 5 pct in early trading. * RBC downgrades to "perform" from "outperform", cuts target price by 35 pct from 1650p to 1075p. * Shares have fallen 38 pct since hitting all-time high in January this year. * Still trades on a forward P/E of 25, twice that of other asset managers and diversified financials. * Traded as high as 36.5 times earnings in January. * "We believe potential upside is limited by the stock's valuation, which remains high compared to the diversified financials sector... competition continues to intensify in the sector, which we believe poses a headline risk to the share price," RBC said.
Hargreaves Lansdown share price data is direct from the London Stock Exchange
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