Equiniti Group (EQN)

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FTSE 250

147.20p
   
  • Change Today:
      1.20p
  • 52 Week High: 230.40
  • 52 Week Low: 133.40
  • Currency: UK Pounds
  • Shares Issued: 364.54m
  • Volume: 66,582
  • Market Cap: £536.60m

Equiniti completes technical separation of US division from Wells Fargo

By Josh White

Date: Thursday 30 May 2019

LONDON (ShareCast) - (Sharecast News) - Technology-led services and payments specialist Equiniti Group announced the completion of the technical separation of its EQ US division from Wells Fargo on Thursday.
The FTSE 250 company said the acquisition of Wells Fargo\'s share registration business positioned the firm for growth in \"the world\'s deepest\" capital market, enhancing the opportunities for cross-selling to new and existing clients and providing an opportunity to gain a greater share of the share registration and employee plans market in the US.

It said the technical separation allowed the realisation of operating synergies, which were reportedly being delivered in line with expectations, and provided the foundation to scale operations to support growth.

All business functions were now administered on Equiniti infrastructure and systems in Minneapolis, Milwaukee, Chicago and New York, with EQ US\'s clients and customers set to benefit from \"the latest\" web and mobile-optimised portals for both issuers and shareowners, the board explained.

\"Completing the separation is an exciting milestone for Equiniti\'s business in the world\'s deepest capital market,\" said Equiniti chief executive officer Guy Wakeley.

\"It provides an opportunity to transform our US operations into a market-leading, technology-enabled business with a broad range of transfer agency and supporting services.\"

Wakeley said Equiniti\'s growth was underpinned by strong client retention and blue-chip new client wins.

\"This internationalisation of the business positions Equiniti well for future growth with the opportunity to share expertise and cross-sell services to existing and prospective clients on both sides of the Atlantic.\"

Todd May, chief executive officer of EQ US, added that he was \"proud\" of what EQ US had achieved so far, with the separation set to bring further benefits to clients and their shareholders as the division adopted Equiniti\'s technology and servicing capabilities.

\"This includes our new innovative shareholder platform, EQ Insight, which we recently released.

\"Our clients are already seeing benefits and we will continue to enhance this platform and many more.

\"With this strong foundation now in place, the backing of the Equiniti Group and its broad range of new products for us to offer clients, we are excited about the opportunities to come as we support our clients in their efforts in achieving corporate objectives.\"

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Equiniti Group Market Data

Currency UK Pounds
Share Price 147.20p
Change Today 1.20p
% Change 0.82 %
52 Week High 230.40
52 Week Low 133.40
Volume 66,582
Shares Issued 364.54m
Market Cap £536.60m

Equiniti Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
12.04% below the market average12.04% below the market average12.04% below the market average12.04% below the market average12.04% below the market average
14.02% above the sector average14.02% above the sector average14.02% above the sector average14.02% above the sector average14.02% above the sector average
Price Trend
52.54% below the market average52.54% below the market average52.54% below the market average52.54% below the market average52.54% below the market average
51.79% below the sector average51.79% below the sector average51.79% below the sector average51.79% below the sector average51.79% below the sector average
Income
11.45% below the market average11.45% below the market average11.45% below the market average11.45% below the market average11.45% below the market average
12.33% above the sector average12.33% above the sector average12.33% above the sector average12.33% above the sector average12.33% above the sector average
Growth
40.51% above the market average40.51% above the market average40.51% above the market average40.51% above the market average40.51% above the market average
21.15% above the sector average21.15% above the sector average21.15% above the sector average21.15% above the sector average21.15% above the sector average

What The Brokers Say

Strong Buy 4
Buy 0
Neutral 3
Sell 0
Strong Sell 0
Total 7
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Equiniti Group Dividends

  Latest Previous
  Interim Final
Ex-Div 19-Sep-19 11-Apr-19
Paid 25-Oct-19 16-May-19
Amount 1.95p 3.49p

Trades for 09-Jul-2020

Time Volume / Share Price
12:02 335 @ 147.20p
12:02 255 @ 146.80p
12:02 745 @ 146.80p
12:02 1 @ 147.40p
11:59 586 @ 147.00p

Equiniti Group Key Personnel

CEO Guy Wakeley
CFO John Stier

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