Liontrust Asset Management (LIO)

Sector:

Financials

Index:

FTSE Small Cap

654.00p
   
  • Change Today:
    -5.00p
  • 52 Week High: 855.00
  • 52 Week Low: 523.50
  • Currency: UK Pounds
  • Shares Issued: 64.94m
  • Volume: 546,769
  • Market Cap: £424.68m
  • RiskGrade: 183

Liontrust reports fall in assets under management in Q3

By Josh White

Date: Wednesday 18 Oct 2023

LONDON (ShareCast) - (Sharecast News) - Liontrust Asset Management reported net outflows of £1.6bn in its third quarter on Wednesday, after combination talks with GAM ended.
The FTSE 250 firm said that as of 30 September, its total assets under management and advice (AuMA) stood at £27.7bn, reflecting a decline of 6.3% throughout the quarter.

Additionally, it said its AuMA figures as of 12 October had retreated further, to £27.5bn.

"After more than a decade of significant growth for Liontrust, the past year or so has been more challenging," said chief executive officer John Ions.

"Like many other asset managers, Liontrust continues to face the headwind of current investor sentiment.

"Liontrust has been impacted by our bias towards equities, the quality growth style, mid and small caps and the broad negative sentiment towards the UK - the UK All Companies sector has been the worst net selling retail sector in the UK for six of the past seven quarters, according to the Investment Association (IA)."

Ions said the proposed acquisition of GAM would have accelerated Liontrust's strategic objectives but added that without GAM, those objectives were not changing and the company's belief in them had strengthened.

"The knowledge and insight gained through the GAM process is also helping us shape our future operating model for the long-term growth of the Liontrust business.

"This will lead to restructuring and efficiencies in some areas of the business.

"Our flexible remuneration model for fund managers and other staff remains unchanged in light of the headwinds we are facing; in particular, the revenue share model for fund managers ensures they are fully aligned with the business and investors."

At 0819 BST, shares in Liontrust Asset Management were down 1.18% at 545p.

Reporting by Josh White for Sharecast.com.

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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.

 

LIO Market Data

Currency UK Pounds
Share Price 654.00p
Change Today -5.00p
% Change -0.76 %
52 Week High 855.00
52 Week Low 523.50
Volume 546,769
Shares Issued 64.94m
Market Cap £424.68m
RiskGrade 183

LIO Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
55.12% below the market average55.12% below the market average55.12% below the market average55.12% below the market average55.12% 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
Price Trend
13.58% below the market average13.58% below the market average13.58% below the market average13.58% below the market average13.58% below the market average
8.62% below the sector average8.62% below the sector average8.62% below the sector average8.62% below the sector average8.62% below the sector average
Income
64.17% above the market average64.17% above the market average64.17% above the market average64.17% above the market average64.17% above the market average
63.08% above the sector average63.08% above the sector average63.08% above the sector average63.08% above the sector average63.08% above the sector average
Growth
4.98% below the market average4.98% below the market average4.98% below the market average4.98% below the market average4.98% below the market average
1.92% above the sector average1.92% above the sector average1.92% above the sector average1.92% above the sector average1.92% above the sector average

What The Brokers Say

Strong Buy 2
Buy 2
Neutral 2
Sell 0
Strong Sell 1
Total 7
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

LIO Dividends

  Latest Previous
  2nd Interim 1st Interim
Ex-Div 04-Jul-24 23-Nov-23
Paid 09-Aug-24 05-Jan-24
Amount 50.00p 22.00p

Trades for 12-Jul-2024

Time Volume / Share Price
16:36 16,416 @ 654.00p
16:36 70,279 @ 655.35p
16:41 22,910 @ 652.20p
16:35 15,000 @ 654.00p
16:35 92,790 @ 654.00p

LIO Key Personnel

CEO John Stephen Ions

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