Hargreaves Lansdown (HL.)

Sector:

Financials

Index:

FTSE 100

956.60p
   
  • Change Today:
      7.20p
  • 52 Week High: 1,598.00
  • 52 Week Low: 762.60
  • Currency: UK Pounds
  • Shares Issued: 474.32m
  • Volume: 419,316
  • Market Cap: £4,537.33m
  • RiskGrade: 176

JPMorgan downgrades Jupiter Fund Management to 'neutral'

By Michele Maatouk

Date: Wednesday 12 Jan 2022

LONDON (ShareCast) - (Sharecast News) - JPMorgan Cazenove downgraded its stance on Jupiter Fund Management on Wednesday to 'neutral' from 'overweight' as it took a look at European asset managers.
"We downgrade Jupiter...as our channel checks indicate net outflow continued in Q421, which we estimate at £0.9bn, with limited visibility on an inflexion point," JPM said.

"Jupiter's shares are not expensive and potential bid speculation could limit material absolute downside risk but conversely we believe an inflexion in flows is required for a re-rating."

JPM cut its price target on Jupiter to 290p from 345p.

The bank's preferred names in the sector include DWS, Man Group and Quilter, as it expects them to deliver good flow momentum and earnings growth at an attractive valuation.

JPM kept its 'underweight' rating on Hargreaves Lansdown, reflecting heightened competitive pressure which could impact earnings. It also retained its 'underweight' on Ashmore as it continues to expect pressure on asset under management growth in the near term from both negative investment performance and flows.

At 1000 GMT, Jupiter shares were down 4.1% at 248.91p.

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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.

 

HL. Market Data

Currency UK Pounds
Share Price 956.60p
Change Today 7.20p
% Change 0.76 %
52 Week High 1,598.00
52 Week Low 762.60
Volume 419,316
Shares Issued 474.32m
Market Cap £4,537.33m
RiskGrade 176

HL. Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
68.9% below the market average68.9% below the market average68.9% below the market average68.9% below the market average68.9% below the market average
79.37% below the sector average79.37% below the sector average79.37% below the sector average79.37% below the sector average79.37% below the sector average
Price Trend
73.52% below the market average73.52% below the market average73.52% below the market average73.52% below the market average73.52% below the market average
83.58% below the sector average83.58% below the sector average83.58% below the sector average83.58% below the sector average83.58% below the sector average
Income
37.33% above the market average37.33% above the market average37.33% above the market average37.33% above the market average37.33% above the market average
41.03% below the sector average41.03% below the sector average41.03% below the sector average41.03% below the sector average41.03% below the sector average
Growth
99.61% above the market average99.61% above the market average99.61% above the market average99.61% above the market average99.61% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average

What The Brokers Say

Strong Buy 8
Buy 1
Neutral 6
Sell 0
Strong Sell 5
Total 20
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

HL. Dividends

  Latest Previous
  Final Interim
Ex-Div 22-Sep-22 03-Mar-22
Paid 24-Oct-22 01-Apr-22
Amount 27.44p 12.26p

Trades for 09-Aug-2022

Time Volume / Share Price
11:37 518 @ 956.90p
11:37 169 @ 956.60p
11:37 233 @ 956.40p
11:37 15 @ 956.00p
11:36 22 @ 955.80p

HL. Key Personnel

CEO Christopher Hill
CFO Amy Stirling

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