|Bid||1,081.50 x 237400|
|Ask||1,082.50 x 142900|
|Day's Range||1,080.00 - 1,091.50|
|52 Week Range||905.60 - 1,246.00|
|Beta (3Y Monthly)||0.83|
|PE Ratio (TTM)||33.33|
|Earnings Date||Jul 31, 2019|
|Forward Dividend & Yield||0.48 (4.30%)|
|1y Target Est||1,321.29|
Former star UK stock picker Neil Woodford is under further pressure in one of his most vital commercial relationships, after wealth manager St James’s Place said it would step up scrutiny of his performance. Mr Woodford manages £3.5bn for St James’s Place, around a third of his total £10.1bn of assets under management, which has grown increasingly important as his own-brand funds have suffered heavy outflows. This week, the chief investment officer of St James’s Place said the company was monitoring its relationship with Mr Woodford, following worsening performance and requests from customers to move out of his funds.
British wealth manager St James's Place (SJP.L) beat forecasts for net inflows of client cash in a tough fourth quarter for global markets, sending its shares higher. While total assets fell 5 billion pounds on weaker market returns, net inflows hit 2.6 billion pounds as clients continued to seek its face-to-face advice on a range of services from pensions to investments and tax planning. "Against the particularly difficult market conditions that prevailed in the final quarter... I am pleased to report another good set of results that demonstrate the resilience of our business," Chief Executive Andrew Croft said in a statement.
British wealth manager St James's Place's (SJP.L) net flows and total cash fell short of forecasts in the first half, crimped by modest market returns and the cost of upgrading the firm's technology, sending its shares lower. The miss on net flows and total cash took the shine off otherwise strong results. SJP, which offers a range of investment and insurance services, said it continued to see growing demand from affluent clients, particularly after rule changes in recent years that have given them more control over how they save for retirement.
A sizeable part of portfolio returns can be produced by dividend stocks due to their contribution to compounding returns in the long run. Over the past 10 years, St James’sRead More...
In December 2017, St James’s Place plc (LSE:STJ) released its most recent earnings announcement, which signalled that the business gained from a robust tailwind, leading to a double-digit earnings growthRead More...