Equiniti Group (EQN)

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Index:

FTSE 250

203.20p
   
  • Change Today:
      4.40p
  • 52 Week High: 236.20p
  • 52 Week Low: 186.20p
  • Currency: UK Pounds
  • Shares Issued: 364.54m
  • Volume: 597,676
  • Market Cap: £740.74m
  • Beta: 1.03

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 203.20p
Change Today 4.40p
% Change 2.21 %
52 Week High 236.20p
52 Week Low 186.20p
Volume 597,676
Shares Issued 364.54m
Market Cap £740.74m
Beta 1.03

Equiniti Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
57.6% below the market average57.6% below the market average57.6% below the market average57.6% below the market average57.6% below the market average
28.33% below the sector average28.33% below the sector average28.33% below the sector average28.33% below the sector average28.33% below the sector average
Price Trend
50.61% below the market average50.61% below the market average50.61% below the market average50.61% below the market average50.61% below the market average
49.21% below the sector average49.21% below the sector average49.21% below the sector average49.21% below the sector average49.21% below the sector average
Income
10.18% above the market average10.18% above the market average10.18% above the market average10.18% above the market average10.18% above the market average
8.24% above the sector average8.24% above the sector average8.24% above the sector average8.24% above the sector average8.24% above the sector average
Growth
9.25% below the market average9.25% below the market average9.25% below the market average9.25% below the market average9.25% below the market average
12.82% below the sector average12.82% below the sector average12.82% below the sector average12.82% below the sector average12.82% below the sector average

What The Brokers Say

Strong Buy 5
Buy 0
Neutral 2
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 10-Dec-2019

Time Volume / Share Price
16:35 171,287 @ 203.20p
16:29 581 @ 202.80p
16:29 381 @ 203.20p
16:29 153 @ 203.20p
16:29 62 @ 203.20p

Equiniti Group Key Personnel

CEO Guy Wakeley
CFO John Stier
Chair Philip Yea

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