River and Mercantile Group (RIV)

Sector:

Financials

Index:

FTSE Small Cap

293.00p
   
  • Change Today:
    -7.00p
  • 52 Week High: 328.00
  • 52 Week Low: 203.00
  • Currency: UK Pounds
  • Shares Issued: 85.43m
  • Volume: 51,125
  • Market Cap: £250.32m
  • RiskGrade: 212

Schroders buys River & Mercantile solutions arm for £230m

By Sean Farrell

Date: Tuesday 26 Oct 2021

LONDON (ShareCast) - (Sharecast News) - Schroders has agreed to buy the solutions division of River & Mercantile for £230m to expand its services for pension fund clients.
The solutions business comprises UK advisory, fiduciary management and derivatives operations and had £42bn of assets under management at the end of September. The deal, subject to River & Mercantile shareholder approval, is expected to complete in the first quarter of 2022.

Schroders shares rose 1.1% to £36.03 at 09:07 BST. River & Mercantile shares rose 19.7% to 282.5p.

James Barham, River & Mercantile's chief executive, will join Schroders on completion and continue to lead the River & Mercantile solutions business, reporting to the FTSE 100 asset manager's chief executive Peter Harrison.

Harrison said: "This acquisition further enhances our ability to meet the increasingly complex needs of pension fund clients and is consistent with our growth strategy. The business brings with it a well-respected team, with a strong track record of success and is a good cultural fit with Schroders. We see significant opportunities from this partnership."

AssetCo, chaired by former Aberdeen founder Martin Gilbert, owns 5.9% of River and Mercantile after doubling its stake in February.

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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.

 

RIV Market Data

Currency UK Pounds
Share Price 293.00p
Change Today -7.00p
% Change -2.33 %
52 Week High 328.00
52 Week Low 203.00
Volume 51,125
Shares Issued 85.43m
Market Cap £250.32m
RiskGrade 212

RIV Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
92.04% below the market average92.04% below the market average92.04% below the market average92.04% below the market average92.04% below the market average
92.06% below the sector average92.06% below the sector average92.06% below the sector average92.06% below the sector average92.06% below the sector average
Price Trend
78.84% above the market average78.84% above the market average78.84% above the market average78.84% above the market average78.84% above the market average
68.12% above the sector average68.12% above the sector average68.12% above the sector average68.12% above the sector average68.12% above the sector average
Income
64.94% above the market average64.94% above the market average64.94% above the market average64.94% above the market average64.94% above the market average
4% below the sector average4% below the sector average4% below the sector average4% below the sector average4% below the sector average
Growth
49.08% below the market average49.08% below the market average49.08% below the market average49.08% below the market average49.08% below the market average
83.19% below the sector average83.19% below the sector average83.19% below the sector average83.19% below the sector average83.19% below the sector average

What The Brokers Say

Strong Buy 3
Buy 1
Neutral 1
Sell 0
Strong Sell 0
Total 5
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

RIV Dividends

  Latest Previous
  Final Special
Ex-Div 09-Dec-21 09-Dec-21
Paid 31-Dec-21 31-Dec-21
Amount 2.26p 1.06p

Trades for 18-Jan-2022

Time Volume / Share Price
16:06 1,000 @ 294.88p
16:00 59 @ 295.00p
14:55 1,500 @ 293.56p
14:39 1,885 @ 291.24p
14:37 650 @ 293.00p

RIV Key Personnel

Chair Jonathan Dawson
CEO Alex Hoctor Duncan

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