St James's Place (STJ)

Sector:

Insurance

Index:

FTSE 100

1,085.00p
   
  • Change Today:
      16.50p
  • 52 Week High: 1,143.00
  • 52 Week Low: 913.60
  • Currency: UK Pounds
  • Shares Issued: 534.20m
  • Volume: 818,244
  • Market Cap: £5,796m
  • RiskGrade: 136
  • Beta: 1.41

St James' Place ends Woodford mandate

By Michele Maatouk

Date: Wednesday 05 Jun 2019

LONDON (ShareCast) - (Sharecast News) - St James's Place has ended its mandate with Woodford Investment Management.
The wealth manager said on Wednesday that it has appointed Columbia Threadneedle and RWC as managers of a host of funds including the UK High Income Unit Trust, UK Equity (Life and Pension), Income Distribution (Life) and SJPI UK High Income funds.

Earlier this week, Neil Woodford - one of the UK's most well-established stock pickers - suspended trading in his largest fund. Woodford Investment Management, which was founded by Woodford in 2014, said on Tuesday that dealing in shares in the flagship Woodford Equity Income Fund had been suspended with immediate effect and until further notice following an "increased level of redemptions".

The firm did not provide further details on the redemptions or say how long the fund would remain gated. However, it was widely reported that the move was prompted by a request from Kent County Council to withdraw its funds.

St James's Place said Richard Colwell of Columbia Threadneedle and Nick Purves of RWC will be jointly responsible for the mandate. Purves is the company's longest-standing fund manager, and co-manages the Equity Income Fund, while Colwell has managed money for STJ clients since 2014 as lead manager of the Strategic Managed fund.

"While the St. James's Place funds managed by WIM were separate mandates and not part of the Equity Income Fund suspended earlier this week, the St. James's Place Investment Committee believes these changes will ensure its clients' investments continue to be managed effectively," it said.

"Under new management, these funds will remain as segregated mandates and St. James's Place will retain responsibility for asset custody and security. There will be no impact on the investment objective for these funds."

STJ said the funds' investment criteria will retain "a strong liquidity profile" and remain focused on income, with a weighting to FTSE 350 stocks.

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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 1,085.00p
Change Today 16.50p
% Change 1.54 %
52 Week High 1,143.00
52 Week Low 913.60
Volume 818,244
Shares Issued 534.20m
Market Cap £5,796m
Beta 1.41
RiskGrade 136

STJ Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
80.3% below the market average80.3% below the market average80.3% below the market average80.3% below the market average80.3% 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
30.20% above the market average30.20% above the market average30.20% above the market average30.20% above the market average30.20% above the market average
33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average
Income
50.70% above the market average50.70% above the market average50.70% above the market average50.70% above the market average50.70% above the market average
77.78% below the sector average77.78% below the sector average77.78% below the sector average77.78% below the sector average77.78% below the sector average
Growth
38.3% below the market average38.3% below the market average38.3% below the market average38.3% below the market average38.3% below the market average
33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average

What The Brokers Say

Strong Buy 10
Buy 0
Neutral 5
Sell 0
Strong Sell 1
Total 16
buy
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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 06-Dec-2019

Time Volume / Share Price
16:36 33,182 @ 1,085.00p
16:36 5,219 @ 1,085.00p
16:35 390,712 @ 1,085.00p
16:29 89 @ 1,083.00p
16:29 366 @ 1,083.00p

STJ Key Personnel

CEO Andrew Croft
Chair Iain Cornish
CFO Craig Gentle

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