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: 818,544
  • Market Cap: £5,796m
  • RiskGrade: 136
  • Beta: 1.41

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 1,085.00p
Change Today 16.50p
% Change 1.54 %
52 Week High 1,143.00
52 Week Low 913.60
Volume 818,544
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
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 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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