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
  0.50 0.03% 1,841.00 8,481 08:22:15
Bid Price Offer Price High Price Low Price Open Price
1,839.00 1,842.50 1,859.00 1,830.50 1,858.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 480.50 305.80 52.10 35.3 8,732
Last Trade Time Trade Type Trade Size Trade Price Currency
08:21:46 AT 46 1,841.00 GBX

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Date Time Title Posts
15/10/201918:23Mis selling scandal of Woodford - will there be fallout /mis selling by HL.?-
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

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Hargreaves Lansdown Daily Update: Hargreaves Lansdown Plc is listed in the General Financial sector of the London Stock Exchange with ticker HL.. The last closing price for Hargreaves Lansdown was 1,840.50p.
Hargreaves Lansdown Plc has a 4 week average price of 1,701p and a 12 week average price of 1,701p.
The 1 year high share price is 2,447p while the 1 year low share price is currently 1,624p.
There are currently 474,318,625 shares in issue and the average daily traded volume is 717,813 shares. The market capitalisation of Hargreaves Lansdown Plc is £8,732,205,886.25.
lomax99: Telegraph's Questor today: Questor: can Hargreaves Lansdown shares recover from the Neil Woodford collapse? Questor share tip: the investment shop was a key backer of the former star manager and the market seems to fear for the effects on its customers’ loyalty The Woodford saga is not yet over but we know roughly what is going to happen: investors in his flagship fund are expected to get the first of their money back in the new year but could suffer losses of about 33pc in the process. Woodford Investment Management itself will be wound up, but what of the other business closely involved in the disaster, Hargreaves Lansdown, which this column tipped in January 2017? Hargreaves’ involvement with Woodford came in two forms: it included his funds in its influential best-buy list and held stakes in them via its “multi-manager” funds. As a result, a large proportion of its customers had exposure to the fallen fund manager. It’s easy to imagine that those clients might blame Hargreaves for their losses, or just lose some of their faith in the firm, and move elsewhere. This certainly seems to be what the stock market fears: shares in Hargreaves have fallen from a high of £24.33 in May, just weeks before Woodford suspended dealing in its main fund, to £18.18 at yesterday’s close – a decline of 25.3pc. But will its existing clients actually desert the firm for a rival? And will potential new ones shun Hargreaves and choose a different platform? As we have written in the past, we are sceptical about such an outcome. Customers of financial firms seem to be remarkably reluctant to switch, even under extreme provocation. Don't look back in anger Questor is thinking especially of the IT disaster that overtook TSB last year: customers were unable to spend their own money as the bank in effect closed for business – but since then it has lost remarkably few of them. When businesses make these huge mistakes it seems that customers fume while the situation lasts but forget about it once things return to normal. Hargreaves is famous for the efficiency and reliability of its systems and for its customer service, none of which has been called into question by the Woodford saga. Questor wonders whether clients will consider that Woodford has already happened, they can’t do anything about it now, so why risk having to put up with inferior service from a rival in future just to vent their frustration at Hargreaves? Figures published by the broker since the debacle began seem to bear out this view. On October 10 it released a trading update for July, August and September – months in which Woodford was in every newspaper. Despite all that negative publicity, Hargreaves gained 35,000 customers on a net basis, which was more than the 29,000 it added in the same three months of last year. New clients accounted for £1.7bn of assets, again better than the £1.3bn achieved last time. It’s true that £900m of this sum came from bulk transfers from two fund groups that had closed their savings schemes but Hargreaves also spoke of “organic new client growth [and] ongoing wealth consolidation on to our platform from existing clients” – hardly signs that customers new and old had decided to give the firm the cold shoulder. If Hargreaves can turn in that kind of performance while coverage of Woodford was at its height, Questor has few fears about its attractiveness to clients once the scandal does eventually die down. We tipped the stock at £13.21 and readers who followed our advice are sitting on a gain of 37.6pc. We have every confidence that the shares will recover from recent weakness once memories fade and will therefore hold. Questor says: hold Ticker: HL Share price at close: £18.17½​
its the oxman: Class action would hurt the share price but suspect its chance of success is very low. Plenty of warnings re any investments made these days.
hpcg: Of course if HL share price suffers, so does Lindsell Train, and then so do the owners of the fund .... heavily promoted by HL.
rnbf: Recent HL share rise surprised me but todays Credit Suisse harsh assessment at target price 1740p should bring realism to the market. Mark Dampier (research director) offloaded large stakes at prices between £18 and £24 in the last 12 months. PE of over 30 for the tail end of a growth cycle with mounting competition appears unfounded
norland1: Strange decision by HL to take off Lindsell Train Funds from their Dodgy 50 list. because the funds hold too many H L shares. Whilst I agree that the figure is on the high side have HL lost confidence in their own share price because of the Woodford implications
lomax99: IC today:Woodford fallout spreads to Hargreaves LansdownShares in FTSE 100-listed Hargreaves Lansdown (HL) took a hit on Tuesday as investors in the retail investor platform braced themselves for further fallout from the suspension of trading in embattled active manager Neil Woodford's flagship Equity Income Fund. Hargreaves, which holds a stake in the fund through its multi-manager funds and listed it in its "Wealth 50 list" up until the suspension, has previously faced criticism for its continued backing of Mr Woodford's funds. During the past year, poor performance and investor outflows have reduced the size of the Equity Income Fund from £6.8bn to £3.7bn.Separately, the platform decided to remove the Woodford Income Focus Fund from its top fund picks ahead of a "resolution to the dealing suspension in the Woodford Equity Income fund". That isn't expected for up to 28 days, though the reputational hit to Hargreaves remains in question."The drop in the Hargreaves share price probably reflects some reputational risk," Shore Capital analyst Paul McGinnis said, but suggested that the platform's clients "have already been able to switch out of Woodford into other funds", and that it was not obvious from Hargreaves net flow data "that clients have been leaving the platform entirely". Hargreaves' head of investment Emma Wall said that while the group advocated long-term investing and backed Mr Woodford for his "compelling" track record, she acknowledged "the disappointment investors must feel with Woodford's recent performance".Whether regulators could apportion some blame to Hargreaves is a moot point. Earlier this year, a Financial Conduct Authority (FCA) investigation into the investment platform market concluded that recommended fund lists tended to help investors. Potential calls for another review in the wake of the Woodford fund gating may therefore meet some resistance. "The selection methodology and track record on such lists looks pretty solid," said Mr McGinnis.Shares in key Woodford holdings including Burford Capital (BUR), Redde (REDD) and Allied Minds (ALM) also fell on the news, as investors anticipated forced sales by the fund manager could provide more attractive entry points in the coming weeks. The FTSE 250-listed Woodford Patient Capital Trust (WPCT) also suffered a shareholder exodus, dropping as much as a fifth on Tuesday morning.IC ViewQuantifying Hargreaves' reputational hit from this saga is probably impossible at present. On balance, we would argue it is Neil Woodford – rather than one of his supporters – who is likely to remain in investors' memories for longer. The broader question for Hargreaves (and its peers) is whether the gating of a widely-held unit trust furthers the appeal of more liquid exchange-traded funds, for which the platform charges no fees. Hold at 2,132p.
hpcg: GrowthPotential / a1samu - HL pumped a demonstrably failing fund, and one that sailed close to the wind with UCITS requirements. There is an argument to be had that a list of 'our favourite funds' is tantamount to advice. If 'our favourite funds' happen to be more commercially attractive than not our favourite funds, then there is more than a little conflict of interest. So yes, there is potential for miss-selling, but that is not my central thesis. HL is highly rated, and that rating implies high quality growth. I would argue that investors in the Woodford funds are likely to be the least risk aware, and while the promotional material always clearly states no guarantees, this isn't advice, etc etc, the nods and winks imply otherwise. I would also suggest the portrayal of Woodford as a lone contrarian hero winning out against the smart kids with their computers and sums and whatnot, and now he's battling for Britain, would appeal to the least sophisticated cohort of investors. Even if marginal growth is curtailed this is sufficient to derate as even at the current share price it is priced for perfection. There is absolutely no reason it should not trade down to where it was earlier in the year.
hpcg: IMO this will be a slow burner as the swift de-risk, as we saw on the open, while there remains a bid from dip buyers, as per the middle of the session. HL are reliant on platform fees from open ended funds, and their trusted name to generate business. At this share price people are paying for profits years in advance. This event only has to slow growth to bring the multiple down to something much more reasonable.
ochs: greatballsoffire451 - you were right that the HL share price has fallen first thing (as has Woodford Patient Capital), however why do you think HL won't take monthly fees on investments in the suspended Woodford fund? Client's will still hold it and it will be valued at the last quoted asset value (ie. from 31/5).
ochs: Share price certainly on a roll and that trading statement has been taken very well indeed by the market. Big director share sales announced at 16:27 today - will that slow things down or not? A cool £5m for Mrs Dampier and just £600k for Mark himself - I wonder what they plan to invest/spend it on? AJ Bell shares have also been on a roll recently, although they've dropped back a bit this week. They announce interims next Thursday (23rd). I wonder if there'll be a dividend?
Hargreaves Lansdown share price data is direct from the London Stock Exchange
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