Bridgepoint Group (Reg S) (BPT)

Sector:

Financials

Index:

FTSE 250

263.60p
   
  • Change Today:
      3.40p
  • 52 Week High: 289.60
  • 52 Week Low: 166.90
  • Currency: UK Pounds
  • Shares Issued: 793.64m
  • Volume: 22,442
  • Market Cap: £2,092.04m

Citi, JPMorgan start coverage of Bridgepoint

By Michele Maatouk

Date: Tuesday 31 Aug 2021

LONDON (ShareCast) - (Sharecast News) - JPMorgan Cazenove and Citi both initiated coverage of recently-listed Bridgepoint on Tuesday.
JPMorgan started coverage of the shares at 'overweight' with a 600p price target as it argued that growth in assets under management and operational leverage will drive strong earnings growth.

"Bridgepoint is a leading global private market asset manager, with AUM of €27.4bn as of March 2021," it noted. It said the AUM split is around 72%/28% private equity/private credit.

"Bridgepoint has delivered 13% AUM compound annual growth rate (2011-20), outpacing the industry 10% CAGR (2011-20)," JPM said.

It added that among the private market asset managers, it sees most upside in Bridgepoint and ICP.

Citi started Bridgepoint at 'neutral' with a 513p price target, highlighting strong mid-market private growth but a "rich" valuation.

The bank said key strategies include mid-market, lower mid-market and growth in private equity, as well as credit opportunities, direct lending and syndicated debt in private credit.

"Notable investments include Pret A Manger, Molton Brown & MotoGP," it said.

"We like the long-term growth prospects, but our sum-of-the-parts valuation (for management fees, performance fees & co-investment) suggests the share price is already full, post recent appreciation."

At 1245 BST, the shares were down 4% at 492.80p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

BPT Market Data

Currency UK Pounds
Share Price 263.60p
Change Today 3.40p
% Change 1.31 %
52 Week High 289.60
52 Week Low 166.90
Volume 22,442
Shares Issued 793.64m
Market Cap £2,092.04m

BPT Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
79.44% below the market average79.44% below the market average79.44% below the market average79.44% below the market average79.44% below the market average
77.14% below the sector average77.14% below the sector average77.14% below the sector average77.14% below the sector average77.14% below the sector average
Price Trend
64.34% above the market average64.34% above the market average64.34% above the market average64.34% above the market average64.34% above the market average
55.17% above the sector average55.17% above the sector average55.17% above the sector average55.17% above the sector average55.17% above the sector average
Income
4.04% above the market average4.04% above the market average4.04% above the market average4.04% above the market average4.04% above the market average
27.27% below the sector average27.27% below the sector average27.27% below the sector average27.27% below the sector average27.27% below the sector average
Growth
45.96% below the market average45.96% below the market average45.96% below the market average45.96% below the market average45.96% below the market average
28.97% below the sector average28.97% below the sector average28.97% below the sector average28.97% below the sector average28.97% below the sector average

BPT Dividends

  Latest Previous
  Final Interim
Ex-Div 18-Apr-24 17-Aug-23
Paid 21-May-24 25-Sep-23
Amount 4.40p 4.40p

Trades for 28-Mar-2024

Time Volume / Share Price
11:15 201 @ 263.60p
11:15 51 @ 263.60p
11:15 15 @ 263.60p
11:12 282 @ 263.60p
11:07 277 @ 263.80p

BPT Key Personnel

CFO Adam Jones

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