Petershill Partners (PHLL)

Sector:

Financials

Index:

FTSE 250

208.00p
   
  • Change Today:
      3.50p
  • 52 Week High: 208.00p
  • 52 Week Low: 142.00p
  • Currency: UK Pounds
  • Shares Issued: 1,119.58m
  • Volume: 310,080
  • Market Cap: £2,328.72m

Petershill Partners posts solid rise in assets under management

By Josh White

Date: Friday 19 Jan 2024

LONDON (ShareCast) - (Sharecast News) - Petershill Partners reported a significant increase in its gross fee-eligible assets under management for 2023 on Friday, for a total of $23bn, in line with its guidance.

The FTSE 250 company said aggregate assets under management of partner-firms reached $304bn, showing a slight increase over the quarter and 7% year-on-year growth.

Meanwhile, aggregate fee-paying partner-firm assets under management reached $221bn, marking a 12% increase during the quarter and a 14% increase compared to the prior year.

Petershill said it achieved organic gross fee-eligible assets under management growth of $3bn for the final quarter of 2023.

Partner-firms attracted $23bn in fee-paying assets under management gross inflows during the quarter, with around $20bn coming from previously-raised fee-paying assets under management switching on during the same period.

The total fee-paying assets under management gross inflows for 2023 amounted to $31bn.

Additionally, partner-firms realised $1bn of fee-paying assets under management during the quarter and a total of $7bn in 2023, in line with the 2023 guidance of $5bn to $10bn.

The positive investment performance of partner-firm funds contributed to a $2bn increase in fee-paying partner-firm assets under management during the quarter and a $3bn increase for the entire year.

As of the final quarter of 2023, partner-firms held $8bn of assets under management that were not yet paying fees, down from $28bn in the third quarter.

Looking ahead to 2024, Petershill Partners estimated an organic gross fee-eligible AuM raise in the range of $20bn to $25bn.

It also anticipated realisations of $5bn to $10bn in 2024.

The $8bn of assets under management that were not yet paying fees as of the fourth quarter of 2023 was expected to become fee-paying during the course of 2024.

At 0812 GMT, shares in Petershill Partners were up 0.66% at 161.26p.

Reporting by Josh White for Sharecast.com.

Email this article to a friend

or share it with one of these popular networks:


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

 

PHLL Market Data

Currency UK Pounds
Share Price 208.00p
Change Today 3.50p
% Change 1.71 %
52 Week High 208.00p
52 Week Low 142.00p
Volume 310,080
Shares Issued 1,119.58m
Market Cap £2,328.72m

PHLL Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
77.56% above the market average77.56% above the market average77.56% above the market average77.56% above the market average77.56% above the market average
43.93% above the sector average43.93% above the sector average43.93% above the sector average43.93% above the sector average43.93% above the sector average
Price Trend
60.62% above the market average60.62% above the market average60.62% above the market average60.62% above the market average60.62% above the market average
51.72% above the sector average51.72% above the sector average51.72% above the sector average51.72% above the sector average51.72% above the sector average
Income
28.16% above the market average28.16% above the market average28.16% above the market average28.16% above the market average28.16% above the market average
24.24% below the sector average24.24% below the sector average24.24% below the sector average24.24% below the sector average24.24% below the sector average
Growth
52.48% below the market average52.48% below the market average52.48% below the market average52.48% below the market average52.48% below the market average
38.89% below the sector average38.89% below the sector average38.89% below the sector average38.89% below the sector average38.89% below the sector average

PHLL Dividends

  Latest Previous
  Final Interim
Ex-Div 09-May-24 28-Sep-23
Paid 14-Jun-24 27-Oct-23
Amount 10.10¢ 4.90¢

Trades for 26-Apr-2024

Time Volume / Share Price
16:35 122,549 @ 208.00p
16:35 425 @ 208.00p
16:35 832 @ 208.00p
16:35 921 @ 208.00p
16:35 479 @ 208.00p

Top of Page