HRGLY - Hargreaves Lansdown plc

Other OTC - Other OTC Delayed Price. Currency in USD
44.10
+1.10 (+2.56%)
At close: 9:30AM EST
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Previous Close43.00
Open44.10
Bid0.00 x 0
Ask0.00 x 0
Day's Range44.10 - 44.10
52 Week Range41.05 - 61.46
Volume108
Avg. Volume93
Market Cap10.455B
Beta (5Y Monthly)0.88
PE Ratio (TTM)33.61
EPS (TTM)1.31
Earnings DateN/A
Forward Dividend & Yield0.58 (1.32%)
Ex-Dividend DateFeb 12, 2020
1y Target EstN/A
  • Financial Times

    Spoils of war for Games Workshop?

    There is a whole army of teenagers (of all ages) dedicated to war-gaming — a leisure activity which entered the public consciousness through the growth of the Dungeons & Dragons brand in the mid-1970s. The rise of fantasy tabletop games — a pastime at once collective and insular — has created tremendous commercial opportunities, a point not lost on shareholders in Games Workshop. The chain has expanded sales by an average of 21.2 per cent a year since Kevin Rountree assumed control back in 2015, reflecting the successful relaunch of its core fantasy title: Warhammer Age of Sigmar.

  • Financial Times

    Invesco tops list of poorly performing funds

    One-third of fund assets on a “Spot the Dog” list of underperforming investment products are run by Invesco, with three of its struggling “dog” funds managed by Mark Barnett, former protégé of stockpicker Neil Woodford. It was the fourth time that Invesco has topped a twice-yearly list compiled by wealth manager Tilney Bestinvest, which names and shames the worst performing investment funds. Eleven of Invesco’s funds containing a total £13bn in assets — or one-third of those held in all the struggling funds — have underperformed Tilney’s benchmark indices by more than 5 per cent for the past three years, the report’s threshold for dog fund status.

  • Financial Times

    Hargreaves claims Woodford-invested funds offered ‘value’

    Hargreaves Lansdown has claimed its range of funds that invested heavily in Neil Woodford’s now-defunct investment vehicle delivered value to investors, despite their woeful performance and high fees. Hargreaves’ own-brand multi-manager funds — portfolios of the company’s favourite funds across a variety of markets and asset classes — endured terrible performance over the past three years, partly due to their large exposure to the Woodford Equity Income fund, which is being liquidated.

  • Frugal Billionaire Sells Stake in Wealth Firm He Founded
    Bloomberg

    Frugal Billionaire Sells Stake in Wealth Firm He Founded

    (Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Peter Hargreaves has sold 550 million pounds ($711 million) of shares in Hargreaves Lansdown Plc, the online investment platform that made him a billionaire.The sale “is part of a process of long-term financial planning to diversify my assets,” 73-year-old Hargreaves said in a statement Friday. “I remain, and will continue to be, a substantial shareholder.” The offer was announced after close of trading in London Thursday.Hargreaves is one of the richest people in the U.K. with a $3.8 billion fortune, according to the Bloomberg Billionaires Index. Before the sale, about 90% of his net worth was tied up in the shares of his company, which was widely criticized last year for supporting disgraced money manager Neil Woodford.The disposal of a 7% stake marks a shift for the Lancashire-born businessman who hasn’t sold stock since the firm’s 2007 listing. He’s long been known for his frugal and low-key lifestyle, once asking a New York-based journalist to call him back because he didn’t want to pay the long-distance charge. He had a $4 billion fortune at the time.His profile has risen in recent years after he donated more than $4 million to the Brexit campaign. Hargreaves announced last month he would donate 100 million pounds worth of his shares to set up a foundation, one of the largest charitable acts in British history.Hargreaves now owns 24.3% of the company, according to the statement. The holding was worth about 1.9 billion pounds early Friday when the shares fell as much as 5.2% in London.Woodford WoesHargreaves Lansdown has benefited as more private investors seek to manage their own money, with its stock climbing more than 60% in the past five years. Still, its shares lagged behind peers in the second half of 2019, after the freezing of Woodford’s fund rocked the industry. The firm had included the stock picker on its favorite fund list even as other platforms dropped him.Hargreaves co-founded the company in 1981 alongside Stephen Lansdown. They started out providing information to clients on unit trusts and tax planning, and then went public in 2007. It’s since grown into a FTSE 100 company and is one of the largest fund supermarkets in the U.K.Hargreaves has already started diversifying. He provided 25 million pounds of seed capital to help form money manager Blue Whale Capital in 2017. Blue Whale has since grown its assets to 260 million pounds, according to a company spokesman.The share sale was conducted via an accelerated book build and demand saw Hargreaves increase the amount he sold to 550 million pounds from an initial 500 million pounds, according to Friday’s statement. Barclays Plc and Numis Securities Ltd. managed the sale, while Evercore Partners International acted as adviser.It’s not clear how Hargreaves intends to spend his proceeds but the keen gardener is unlikely to be eyeing up trophy assets like super yachts or planes.“We live very modestly,” he said in a 2018 interview. “I can’t see the point in going out and spending money on things you don’t want. I could afford anything. I don’t want anything. I don’t want to go out socializing every night. I’m quite happy to sit at home with my family.”(Updates with sale proceeds in 1st paragraph and other details throughout.)To contact the reporters on this story: Suzy Waite in London at swaite8@bloomberg.net;Tom Metcalf in London at tmetcalf7@bloomberg.netTo contact the editors responsible for this story: Shelley Robinson at ssmith118@bloomberg.net, Chris Bourke, Patrick HenryFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Financial Times

    Opening Quote: Coronavirus wreaks devastation on Burberry’s business in China

    The British luxury fashion chain, which derives about two-fifths of its revenue from Chinese consumers, said 24 out of its 64 stores in mainland China were closed and the remainder were operating on reduced hours. Mr Hargreaves, who prior to the sale had a 31 per cent stake in the company he co-founded worth about £2.6bn, said he wanted to “diversify his assets” in a stock exchange statement.

  • Hargreaves top investor sells shares at discount; stock drops
    Reuters

    Hargreaves top investor sells shares at discount; stock drops

    Shares of the company opened 5.2% lower at 16.2 pounds on the London Stock Exchange, near the sale price of 16 pounds a share, taking the year-to-date losses to 15%. The stake sale represented 7.3% of Hargreaves' outstanding shares, according to Reuters calculations. "The sale of some of my shares in Hargreaves Lansdown is part of a process of long-term financial planning to diversify my assets," Hargreaves said.

  • Reuters

    PRESS DIGEST- Financial Times - Feb. 7

    Britain will strike a "hard bargain" with the United States in looming trade negotiations and will not put NHS drugs pricing on the table, trade minister Liz Truss said on Thursday. Hedge fund Elliott Management Corp has built a stake worth $2.5 billion in SoftBank Group Corp and is pressing for a $20 billion share buyback and is pushing for changes at Masayoshi Son's technology conglomerate, people with direct knowledge of the matter said.

  • Financial Times

    Hargreaves Lansdown founder to sell £500m of shares

    Mr Hargreaves, who prior to the sale had a 31 per cent stake in the company worth about £2.6bn, said he wanted to “diversify his assets” in a statement released after the stock market closed on Thursday. Hargreaves pointed to a difficult political climate in the UK, as well as the fallout from the scandal that engulfed fund manager Neil Woodford last year.

  • APAM vs. HRGLY: Which Stock Should Value Investors Buy Now?
    Zacks

    APAM vs. HRGLY: Which Stock Should Value Investors Buy Now?

    APAM vs. HRGLY: Which Stock Is the Better Value Option?

  • Reuters

    UPDATE 1-Billionaire Brexit donor gives 1 million pounds to UK Conservatives

    Peter Hargreaves, one of Britain's wealthiest men and the second-biggest donor to the 2016 campaign to leave the European Union, has donated 1 million pounds ($1.28 million) to Prime Minister Boris Johnson's party ahead of next week's election. Hargreaves, who amassed his fortune from co-founding fund supermarket Hargreaves Lansdown, said he was worried that the project he championed could be abandoned, leaving the United Kingdom stuck in the European Union. Johnson, 55, hopes to win a majority on Dec. 12 to push through the Brexit deal he struck with the EU after the bloc granted a third delay to a divorce that was originally supposed to have taken place at the end of March.