St James's Place (STJ)

Sector:

Insurance

Index:

FTSE 100

951.20p
   
  • Change Today:
    -3.80p
  • 52 Week High: 1,199.50p
  • 52 Week Low: 660.00p
  • Currency: UK Pounds
  • Shares Issued: 536.82m
  • Volume: 1,012,030
  • Market Cap: £5,106m
  • RiskGrade: 216

St.James's Place posts sharp drop in half-year profits despite record FuM

By Alexander Bueso

Date: Wednesday 31 Jul 2019

LONDON (ShareCast) - (Sharecast News) - Asset manager St.James's Place posted a sharp drop in half-year profits even as its funds under management swelled to a fresh record.
For the six months ending on 30 June, the firm reported a 29.4% drop in underlying IFRS profits before shareholder tax to £81.5m.

Underlying cash earnings per share meanwhile declined from 28.0p in 2018 to 23.7 for the present reporting period.

Commenting on the results, St.James's chief, Andrew Croft, described the macroeconomic and political environment in the Uk as "uncertain", telling shareholders that "we are not immune to the challenging external factors that prevailed during the first half of the year."

Hence, Croft said, the roughly 7.0% drop seen in gross new inflows, although they had improved during the second quarter versus the first three months of 2019.

Gross asset inflows slowed from £7.9bn over the comparable period one year before to £7.4bn while net funds inflows declined from £5.2bn to £4.4bn.

Yet thanks to improve markets, the group's funds under management jumped from £96.6bn to £109.3bn with the rate of client retention standing at 96%.

The interim dividend payout was kept at 18.49p per share.

As of 0929 BST, shares of St.James's Place were down by 5.41% to 956.60p.

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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 951.20p
Change Today -3.80p
% Change -0.40 %
52 Week High 1,199.50p
52 Week Low 660.00p
Volume 1,012,030
Shares Issued 536.82m
Market Cap £5,106m
RiskGrade 216

STJ Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
0.81% below the market average0.81% below the market average0.81% below the market average0.81% below the market average0.81% below the market average
75% below the sector average75% below the sector average75% below the sector average75% below the sector average75% below the sector average
Price Trend
6.06% below the market average6.06% below the market average6.06% below the market average6.06% below the market average6.06% below 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
63.32% above the market average63.32% above the market average63.32% above the market average63.32% above the market average63.32% 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
73.04% below the market average73.04% below the market average73.04% below the market average73.04% below the market average73.04% 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 7
Sell 0
Strong Sell 1
Total 17
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
  2nd Interim Interim
Ex-Div 07-May-20 29-Aug-19
Paid 27-May-20 27-Sep-19
Amount 20.00p 18.49p

Trades for 14-Jul-2020

Time Volume / Share Price
16:18 101 @ 951.20p
16:18 289 @ 951.20p
16:18 90 @ 951.20p
16:18 21 @ 951.20p
16:17 50 @ 951.20p

STJ Key Personnel

CEO Andrew Croft
Chair Iain Cornish
CFO Craig Gentle

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