St James's Place (STJ)

Sector:

Financials

Index:

FTSE 100

528.00p
   
  • Change Today:
    -5.00p
  • 52 Week High: 1,183.00p
  • 52 Week Low: 402.00p
  • Currency: UK Pounds
  • Shares Issued: 548.60m
  • Volume: 603,432
  • Market Cap: £2,896.63m
  • RiskGrade: 128

St James's Place net inflows more than halve, FuM grows in Q1

By Iain Gilbert

Date: Tuesday 30 Apr 2024

LONDON (ShareCast) - (Sharecast News) - Financial advisory St James's Place said on Tuesday that net inflows had more than halved in Q1 but said funds under management had grown on the back of solid investment returns.
Net inflows fell from £2.0bn a year ago to £710.0m in the three months ended 31 March as outflows remain at an "elevated level", continuing a trend seen across the industry, as clients continued to draw upon their savings to meet continued financial needs. Gross inflows of £3.97bn were slightly lower than the £4.17bn recorded at the same time twelve months ago.

Closing funds under management shot up from £153.62 in Q123 to £179.04bn in Q124, primarily driven by a "strong period of investment returns". FUM also benefited from £700.0m of net inflows, further extending the group's track record of generating net inflows every quarter. STJ's funds under management retention rate was 94.6%, down slightly from 95.9%.

Chief executive Mark FitzPatrick said: "We are making good progress with our review of the business, and I look forward to sharing the outcomes alongside our half-year results in the summer. We also continue to move forward with our significant programmes of work to review historic client servicing records and to implement the new charging structure that we announced last October. Both programmes are proceeding in line with our plans and expectations, and the financial guidance associated with each of these remains unchanged.

"While the outlook for the macroeconomic environment remains uncertain, our business is fundamentally in good shape as we continue to build our client base, grow adviser headcount, increase funds under management, and deliver for our clients. This means we are very well placed to capture the highly-attractive long-term structural opportunity for the financial advice industry."

As of 0945 BST, St James's Place shares were down 1.98% at 436.0p.









Reporting by Iain Gilbert at 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.

 

STJ Market Data

Currency UK Pounds
Share Price 528.00p
Change Today -5.00p
% Change -0.94 %
52 Week High 1,183.00p
52 Week Low 402.00p
Volume 603,432
Shares Issued 548.60m
Market Cap £2,896.63m
RiskGrade 128

STJ Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
5.14% above the market average5.14% above the market average5.14% above the market average5.14% above the market average5.14% above the market average
37.04% below the sector average37.04% below the sector average37.04% below the sector average37.04% below the sector average37.04% below the sector average
Price Trend
76.42% below the market average76.42% below the market average76.42% below the market average76.42% below the market average76.42% below the market average
70.69% below the sector average70.69% below the sector average70.69% below the sector average70.69% below the sector average70.69% below the sector average
Income
8.06% below the market average8.06% below the market average8.06% below the market average8.06% below the market average8.06% below the market average
70.15% below the sector average70.15% below the sector average70.15% below the sector average70.15% below the sector average70.15% below the sector average
Growth
17.66% above the market average17.66% above the market average17.66% above the market average17.66% above the market average17.66% above the market average
24.77% above the sector average24.77% above the sector average24.77% above the sector average24.77% above the sector average24.77% above the sector average

What The Brokers Say

Strong Buy 5
Buy 5
Neutral 3
Sell 1
Strong Sell 0
Total 14
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

STJ Dividends

  Latest Previous
  Final Interim
Ex-Div 25-Apr-24 24-Aug-23
Paid 24-May-24 22-Sep-23
Amount 8.00p 15.83p

Trades for 13-Jun-2024

Time Volume / Share Price
11:28 775 @ 528.00p
11:28 250 @ 528.00p
11:28 696 @ 528.00p
11:28 350 @ 528.00p
11:28 750 @ 528.00p

STJ Key Personnel

CFO Craig Gentle
CEO Mark FitzPatrick

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