St James's Place (STJ)

Sector:

Insurance

Index:

FTSE 100

1,004.50p
   
  • Change Today:
      74.30p
  • 52 Week High: 1,143.00p
  • 52 Week Low: 913.60p
  • Currency: UK Pounds
  • Shares Issued: 533.81m
  • Volume: 3,753,850
  • Market Cap: 5,362m
  • RiskGrade: 165

Peel Hunt backs under pressure Hargreaves Lansdown

By Abigail Townsend

Date: Monday 17 Jun 2019

LONDON (ShareCast) - (Sharecast News) - Peel Hunt has reiterated its \'hold\' recommendation on Hargreaves Lansdown, despite the pressure heaped on the blue chip firm after Woodford Investment Management gated its flagship fund.
Earlier this month, Woodford - founded by star stock picker Neil Woodford - took the unusual step of suspending its Woodford Equity Income Fund after a run of redemptions. It did not say how long the suspension would last, only that it would use the time to reduce the fund\'s exposure to illiquid and unquoted stocks.

Hargreaves Lansdown, a fund supermarket and financial advisor, responded by removing the Woodford Equity Income Fund from its Wealth 50 list of favoured funds.

Since then, chief executive Chris Hill has also apologised to clients affected by the suspension and launched an internal investigation to assess if there is any bias in the way Hargreaves Lansdown recommends funds. He is also believed to be forgoing his bonus until the issues with Woodford are resolved, according to the Financial Times.

But some investors remained concerned about the firm\'s ongoing exposure to the fund and its relationship with Woodford Investment Management.

Peel Hunt is currently reviewing its price target on Hargreaves Lansdown. But it reiterated its \'hold\' status on Monday after a flurry of press reports over the weekend.

Analyst Stuart Duncan said: \"The press focus on Hargreaves Lansdown is partly a function of Hargreaves Lansdown\'s success, although it remains true that a small proportion of the overall assets were invested with Woodford.

\"Hargreaves Lansdown\'s service continues to deliver value for customers through fund discounts, which was a key point in last year\'s platform review. It is worth noting that the press have not focus on a number of other sector participants that also used Woodford, for example, St James\'s Place.

\"Hargreaves Lansdown is now trading on an enterprise value/earnings before interest and tax of 26.5 times to December 2019.\"

Shares in Hargreaves were largely flat, trading 8p higher at 1,878p by 1330 BST.

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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 1,004.50p
Change Today 74.30p
% Change 7.99 %
52 Week High 1,143.00p
52 Week Low 913.60p
Volume 3,753,850
Shares Issued 533.81m
Market Cap 5,362m
RiskGrade 165

STJ Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
77.59% below the market average77.59% below the market average77.59% below the market average77.59% below the market average77.59% 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
26.12% below the market average26.12% below the market average26.12% below the market average26.12% below the market average26.12% below the market average
Sector averageSector averageSector averageSector averageSector average
Income
57.99% above the market average57.99% above the market average57.99% above the market average57.99% above the market average57.99% 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
38.19% below the market average38.19% below the market average38.19% below the market average38.19% below the market average38.19% 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 13
Buy 0
Neutral 5
Sell 0
Strong Sell 0
Total 18
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 11-Oct-2019

Time Volume / Share Price
17:06 6,698 @ 974.34p
17:06 3,342 @ 974.39p
17:06 385 @ 991.50p
17:06 50 @ 994.77p
17:06 2,405 @ 994.74p

STJ Key Personnel

CEO Andrew Croft
Chair Iain Cornish
CFO Craig Gentle

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