Hargreaves Lansdown PLC (LSE: HL.)

Hargreaves Lansdown PLC is an FTSE 100 index listed British financial services entity that provide a platform for private investors that deals in shares, funds, and other related products.

Next Results: FY23 results are scheduled for release on 10 August 2023.

Financial Highlights of Interim Results (for the six months ended 31 December 2022) – released on 15 February 2023

(Source: Company Filings)

• Operational Performance: The net new business for H1 FY23 was £1.6 billion (H1 FY22: £2.3 billion). Notwithstanding, AuA (asset under administration) increased 2.3% from 30 June 2022 to £127.1 billion. Moreover, total active clients also increased to 1,768,000 compared to 1,693,000 in H1 FY22.
• Financial Growth: Despite challenging external conditions, H1 FY23 revenue and profit before tax jumped 20% and 31% YoY, respectively. Subsequently, interim dividend increased by 3.6% YoY to 12.70 pence per share (H1 FY22: 12.26 pence per share).
• Guidance: The Company expects a revenue margin of between 50 and 55 basis points in FY23, reflecting the higher revenue margin on cash resulting from higher interest rates. However, underlying cost growth is expected towards the top end of the range (9.5-11.5%) in FY23. It also expects 3% of ordinary dividend growth.

Share Price Chart

(Data Source: REFINITIV, Analysis done by Kalkine Group)

Markets are trading in a highly volatile zone currently due to certain macro-economic issues and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.

Hargreaves Lansdown PLC closed the trading at GBX 870.20 on 20 February 2023.

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance level is 20 February 2023. The reference data in this report has been partly sourced from REFINITIV.

Note 3: ‘Kalkine reports are prepared based on the stock prices captured either from the London Stock Exchange (LSE) and or REFINITIV. Typically, both sources (LSE and or REFINITIV) may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.’

Note 4: Dividend Yield may vary as per the stock price movement.

Disclaimer

References to ‘Kalkine’, ‘we’, ‘our’ and ‘us’ refer to Kalkine Limited.

This website is a service of Kalkine Limited. Kalkine Limited is a private limited company, incorporated in England and Wales with registration number 07903332. Kalkine Limited is authorised and regulated by the Financial Conduct Authority under reference number 579414.

The article has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. No advice or information, whether oral or written, obtained by you from Kalkine or through or from the service shall create any warranty not expressly stated. Kalkine does not intend to exclude any liability which it is not permitted to exclude under applicable law or regulation.

Kalkine does not offer financial advice based upon your personal financial situation or goals, and we shall NOT be held liable for any investment or trading losses you may incur by using the opinions expressed in our publications, market updates, news alerts and corporate profiles. Kalkine does not intend to exclude any liability which it is not permitted to exclude under applicable law or regulation. Kalkine’s non-personalised advice does not in any way endorse or recommend individuals, investment products or services for your personal financial situation. You should discuss your portfolios and the risk tolerance level appropriate for your personal financial situation, with a professional authorised financial planner and adviser. You should be aware that the value of any investment and the income from it can go down as well as up and you may not get back the amount invested.

Kalkine Media Limited, an affiliate of Kalkine Limited, may have received, or be entitled to receive, financial consideration in connection with providing information about certain entity(s) covered on its website.