Rathbones Group (RAT)

Sector:

Financials

Index:

FTSE 250

1,548.00p
   
  • Change Today:
      24.00p
  • 52 Week High: 2,005.00
  • 52 Week Low: 1,458.00
  • Currency: UK Pounds
  • Shares Issued: 90.62m
  • Volume: 119,977
  • Market Cap: £1,402.86m
  • RiskGrade: 130

Rathbone Brothers hails strong investment performance as FUMA rise

By Michele Maatouk

Date: Thursday 04 Mar 2021

LONDON (ShareCast) - (Sharecast News) - Investment manager Rathbone Brothers hailed a strong investment performance on Thursday as it reported a jump in full-year funds under administration and profit.
In the year to 31 December 2020, funds under management and administration rose 8.5% from the previous year to £54.7bn, with FUMA in the investment management business up 4.4% to £44.9bn, while the funds business saw a 32.4% increase to £9.8bn. Total net inflows were up 4.2% at £2.1bn.

Pre-tax profit came in at £43.8m, up from £39.7m in 2019. Underlying pre-tax profit increased 4.3% to £92.5m, delivering an underlying operating margin of 25.3%, consistent with the prior year despite lower investment markets.

The board recommended a final dividend of 47p a share, taking the total for the year to 72p, up 2.9% on 2019. "This reflects confidence in the outlook for the business and its strong capital position," Rathbones said.

Chief executive Paul Stockton said the company had delivered a "resilient" performance in "an immensely challenging" year.

"Whilst we expect 2021 to remain volatile, our balance sheet is robust with a strong capital position. Our near-term focus is to execute our growth strategy, to build our market share, to balance ongoing investment in the business, and to continue to apply strict cost discipline. Rathbones will emerge stronger after the challenges of the pandemic begin to subside."

At 0955 GMT, the shares were up 3.5% at 1,633.68p.

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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.

 

Rathbones Group Market Data

Currency UK Pounds
Share Price 1,548.00p
Change Today 24.00p
% Change 1.57 %
52 Week High 2,005.00
52 Week Low 1,458.00
Volume 119,977
Shares Issued 90.62m
Market Cap £1,402.86m
RiskGrade 130

Rathbones Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
1.98% above the market average1.98% above the market average1.98% above the market average1.98% above the market average1.98% above the market average
65.71% below the sector average65.71% below the sector average65.71% below the sector average65.71% below the sector average65.71% below the sector average
Price Trend
30.51% below the market average30.51% below the market average30.51% below the market average30.51% below the market average30.51% below the market average
13.79% below the sector average13.79% below the sector average13.79% below the sector average13.79% below the sector average13.79% below the sector average
Income
81.34% above the market average81.34% above the market average81.34% above the market average81.34% above the market average81.34% above the market average
54.55% above the sector average54.55% above the sector average54.55% above the sector average54.55% above the sector average54.55% above the sector average
Growth
30.26% below the market average30.26% below the market average30.26% below the market average30.26% below the market average30.26% below the market average
7.41% below the sector average7.41% below the sector average7.41% below the sector average7.41% below the sector average7.41% below the sector average

What The Brokers Say

Strong Buy 2
Buy 2
Neutral 3
Sell 2
Strong Sell 0
Total 9
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Rathbones Group Dividends

  Latest Previous
  Final 2nd Interim
Ex-Div 18-Apr-24 19-Sep-23
Paid 14-May-24 11-Oct-23
Amount 24.00p 34.00p

Trades for 28-Mar-2024

Time Volume / Share Price
16:37 31,127 @ 1,548.00p
16:40 4,237 @ 1,548.00p
16:37 14,279 @ 1,548.00p
16:35 88 @ 1,548.00p
16:35 73 @ 1,548.00p

Rathbones Group Key Personnel

CEO Paul Stockton
CFO Iain Hooley

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