St James's Place (STJ)

Sector:

Insurance

Index:

FTSE 100

1,119.50p
   
  • Change Today:
      21.50p
  • 52 Week High: 1,199.50
  • 52 Week Low: 913.60
  • Currency: UK Pounds
  • Shares Issued: 534.80m
  • Volume: 1,075,722
  • Market Cap: £5,987m
  • RiskGrade: 116

St James Place faces slower growth, Credit Suisse downgrades

By Iain Gilbert

Date: Tuesday 22 Jan 2019

LONDON (ShareCast) - (Sharecast News) - Analysts at Credit Suisse downgraded wealth management outfit St James's Place to 'neutral' on Tuesday, citing slower growth in assets under administration as a result of negative near-term market volatility as a major concern moving forward.
The Swiss bank also lowered its target price on the FTSE 100 resident to 965p from 1,150p, saying it believed the group's current stock price was "fair value given the challenging asset gathering environment".

Credit Suisse noted that St James's had benefited from pensions freedom legislation across the UK which allow individuals to stay invested in equity/bond markets rather than converting pension pots into an annuity and, in turn, extending the period of time client's money remains with the firm.

However, CS believes these flows will come under pressure as rising bond yields and increased market volatility are likely to lead to clients delaying the consolidation of existing DC pension pots with SJP given the impact of its high fee structure during a market downturn.

Credit Suisse also highlighted risks coming from changes in the UK pensions legislation and tax rules that could limit or improve individual savings, lower transfers from defined benefit schemes, creating medium-term headwinds to inflows, lower flows from defined contribution pension pot consolidation and SJP's lower existing asset base due to negative fourth-quarter equity returns.

"Over the past five years, SJP has outperformed both UK Life insurers and UK asset managers by 34ppts and 23ppts respectively."

"However, over the past year the stock has delivered a -19% total shareholder return, similar to UK Life and asset managers as both sectors de-rated following concerns over high credit risk (UK Life) and negative netflows (UK asset managers)."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

STJ Market Data

Currency UK Pounds
Share Price 1,119.50p
Change Today 21.50p
% Change 1.96 %
52 Week High 1,199.50
52 Week Low 913.60
Volume 1,075,722
Shares Issued 534.80m
Market Cap £5,987m
RiskGrade 116

STJ Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
79.19% below the market average79.19% below the market average79.19% below the market average79.19% below the market average79.19% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Price Trend
21.31% above the market average21.31% above the market average21.31% above the market average21.31% above the market average21.31% above the market average
55.56% above the sector average55.56% above the sector average55.56% above the sector average55.56% above the sector average55.56% above the sector average
Income
53.69% above the market average53.69% above the market average53.69% above the market average53.69% above the market average53.69% above the market average
75% below the sector average75% below the sector average75% below the sector average75% below the sector average75% below the sector average
Growth
36.73% below the market average36.73% below the market average36.73% below the market average36.73% below the market average36.73% below the market average
50% below the sector average50% below the sector average50% below the sector average50% below the sector average50% below the sector average

What The Brokers Say

Strong Buy 9
Buy 0
Neutral 4
Sell 0
Strong Sell 2
Total 15
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

STJ Dividends

  Latest Previous
  Interim Final
Ex-Div 29-Aug-19 04-Apr-19
Paid 27-Sep-19 24-May-19
Amount 18.49p 29.73p

Trades for 28-Jan-2020

Time Volume / Share Price
14:46 33 @ 1,119.50p
14:46 187 @ 1,119.50p
14:46 30 @ 1,119.50p
14:46 100 @ 1,119.50p
14:46 48 @ 1,120.00p

STJ Key Personnel

CEO Andrew Croft
Chair Iain Cornish
CFO Craig Gentle

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