|"St James’s Place will report its H1 2016 Results on Wednesday 27th July. We are forecasting Gross inflows of £4.9bn, FUM at £65.1bn (31 Dec 2015: £58.6bn) EEV Operating profit at £308.3m (+6.6%) and Underlying IFRS pre-tax profit at £89.4m (+22.6%). We also anticipate an underlying cash result of £91.9m (+8.2%) helping drive an increase in the dividend of 12% to 12.0p per share. Naturally we would expect considerable focus on the outlook statement post Brexit but we suspect that it will still be too soon for the company to talk meaningfully about its likely impact."
Panmure update: Https://www.research-tree.com/Company/GB0007669376|
|Read Panmure Gordon & Co's note on ST JAMES'S PLACE, out this morning, by visiting hxxps://www.research-tree.com/company/GB0007669376
"St James’s Place has delivered a good Q1 2016 trading update. The record Q4 performance (gross inflows of £2.52bn) continued into Q1 gross inflows of £2.45bn (Q1 2015: £2.1bn). Net inflows at £1.36bn (Q1 2015: £1.3bn) were equally impressive leading record FUM of £62.0bn (31 Dec 2015: £58.6bn) although this figure included £1.26bn from the Rowan Dartington acquisition for the first time. The EEV NAV at 31 March 2016 was 760p/share (31 Dec 2015: 737p/share) or 740p ex the final dividend payable in May, which compared to our in line with consensus forecast of 745p/share. With the polls suggesting a stay in Brexit vote with the possible positive impact on equity markets, in our view SJP’s shares look ‘good to go’. A current valuation at EV plus 2x new business profit is way too low in our view..."|
|Could see a quick return to 950 in the next 2-3 sessions here|
|WELCOME TO St James's Place _ ACTIVE INVESTORS CLUB (STJ)|
WELCOME TO St James's Place _ ACTIVE INVESTORS CLUB|
|Another solid set of results. 20% increase in div.|
its the oxman
|Looking for a close above 1000p.|
its the oxman
|Another set of lovely results|
|Suprised these have come back to 900p. Though they are ex div. Certainly can be volatile but still see an upwards trend.|
its the oxman
|Set to break 1000p next week.|
its the oxman
|5 Top Budget Winners: Hargreaves Lansdown plc, Taylor Wimpey plc, Barratt Developments plc, Diageo plc & St James’s Place plc
By Roland Head - Wednesday, 18 March, 2015 Updated 20 March 2015
Some of the biggest changes announced today related to savings and pensions. There will be a new flexible ISA that allows savers to withdraw money and pay it back in later in the year without losing their tax-free allowance. Tax on savings interest will also be cut.
However, the big news for investors was that up to 5m people who have already bought annuities will be able to cash them in, presumably with a view to reinvesting the money elsewhere.
The most likely beneficiary of this decision is Hargreaves Lansdown (LSE: HL), whose share price rose by 5.6% after the Budget. Fellow FTSE 100 wealth management firm, St James’s Place (LSE: STJ), is also likely to benefit, and was up by 3.6% this afternoon.|
|St James's Place broker views
Date Broker Recommendation Price Old target price New target price Notes
12 Mar Goldman Sachs Buy 0.00 950.00 1,020.00 Retains
05 Mar Numis Add 0.00 - 1,000.00 Reiterates
03 Mar Credit Suisse Neutral 0.00 950.00 970.00 Reiterates
27 Feb Barclays Capital Overweight 0.00 939.00 1,009.00 Reiterates
26 Feb Beaufort Securities Buy 0.00 - - Reiterate|
|STJ Future Forecasts........
St James's Place PLC
Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)
18-03-15 BUY 170.00 32.89 26.30 198.00 38.12 30.90
Peel Hunt LLP [D]
18-03-15 HOLD 597.33 84.91 26.80
Shore Capital [R]
13-03-15 BUY 209.00 32.40 24.50
Numis Securities Ltd [D]
05-03-15 ADD 33.30 28.00 40.50 33.50
Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)
Consensus 182.38 32.74 25.73 198.00 38.12 30.90
1 Month Change -7.04 0.09 0.32 0.00 0.00 0.00
3 Month Change -7.03 0.09 0.32 0.00 0.00 0.00|
|Budget 2015 - winners and losers named
By Lee Wild | Wed, 18th March 2015 - 15:06
Other financiers did better. Osborne announced a handful of changes for savers "based on the principles that cutting taxes increases the return on savings, and that people should have freedom to choose how they use those savings." These a new fully Flexible ISA which, from the autumn, will let people take money out, and put it back in later in the year, without losing any of their tax-free entitlement. From April next year the first £1,000 of the interest you earn on all of your savings will be completely tax-free. For higher rate taxpayers it's £500.
Hargreaves Lansdown (HL.) and St James's Place (STJ) both did very well from this "savers' budget", rallying in the aftermath.
"The savings changes should be welcomed and they create an even greater need for quality advice," says Brett Williams, managing director, SEI Wealth Platform, UK Private Banking "The reduction on the pensions cap is disappointing, but leaving alone tax relief makes pensions saving even more attractive following the relaxation on annuities and the tax changes."
Letting those who have already bought annuities cash them in is also interesting.
"This extends the greater pensions freedom and flexibility announced in the last budget from those not yet retired to existing pensioners," explains Steven Andrew, Manager of the M&G Episode Income Fund.
"This is a game-changer, but now retirees need to understand the full range of options and investments that are available to them."|
|St. James's Place plc Given Consensus Recommendation of “Buy” by Analysts (LON:STJ)
March 16th, 2015 Updated 19/March/2015 by ABMN Staff
Shares of St. James's Place plc (LON:STJ) have earned an average recommendation of “Buy” from the seventeen analysts that are presently covering the company, StockRatingsNetwork reports. Four research analysts have rated the stock with a hold recommendation and thirteen have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is GBX 976.20 ($14.40).
A number of research firms have recently commented on STJ. Analysts at Sanford C. Bernstein reiterated a “market perform” rating and set a GBX 1,030 ($15.20) price target on shares of St. James's Place plc in a research note on Monday. Analysts at Goldman Sachs raised their price target on shares of St. James's Place plc from GBX 950 ($14.02) to GBX 1,020 ($15.05) and gave the company a “buy” rating in a research note on Thursday. Analysts at Numis Securities Ltd reiterated an “add” rating and set a GBX 1,000 ($14.75) price target on shares of St. James's Place plc in a research note on Thursday, March 5th. Finally, analysts at Morgan Stanley raised their price target on shares of St. James's Place plc from GBX 963 ($14.21) to GBX 1,097 ($16.18) and gave the company an “overweight221; rating in a research note on Tuesday, March 3rd.
Shares of St. James's Place plc (LON:STJ) traded up 0.8030% on Monday, hitting GBX 941.5000. The stock had a trading volume of 423,940 shares. St. James's Place plc has a one year low of GBX 637.0000 and a one year high of GBX 961.5000. The stock’s 50-day moving average is GBX 901.51 and its 200-day moving average is GBX 785.61. The company’s market cap is £4.85 billion.
St. James’s Place plc is a financial services holding company, with principal interests in the provision of wealth management advice and services to the clients. The Company offers a range of insurance, investment and other wealth management services, through its subsidiaries, which are principally incorporated in the United Kingdom and Ireland.|
|Nice further rise on back of the budget today. Hit 975p|
its the oxman
|STJ..... St James
Yep heres a list of Broker views over the past few days......
Date Broker Rec. Price Old target price New target price Notes
27 Feb 15 Barclays Capital Overweight 945.00 939.00 1,009.00 Reiterates
26 Feb 15 Beaufort Securities Buy 945.00 - - Reiterates
26 Feb 15 Deutsche Bank Buy 945.00 975.00 975.00 Reiterates
26 Feb 15 JP Morgan Cazenove Overweight 945.00 924.00 924.00 Retains
25 Feb 15 Shore Capital Buy 945.00 - - Reiterates
25 Feb 15 Berenberg Buy 945.00 950.00 950.00 Reiterates|
|A few up days and this will be through 1000p. Lots of increased price targets etc.|
its the oxman
|St James's Place "very well positioned", says Berenberg
25 February 2015 10:43
The "strong performance continues" at St James's Place, according to Berenberg, after 2014 results from the wealth management group topped forecasts on Wednesday.
The broker reiterated a 'buy' recommendation and 950p target price for the shares.
Berenberg said St James's Place results "reflected a continuation of the positive trends seen in recent years".
Operating profits on a European Embedded Value (EEV) basis were 29% higher than 2013 at £596.4m, a 12% beat to consensus, according to Berenberg.
"Management commentary around the outlook for the business remains positive, believing that new investments and partner growth bode well for the delivery of the medium-term objectives," the broker said.
"With an ever-widening savings and advice gap in the UK, coupled with the opportunity for St James's Place to export its business model to ex-pat communities, we believe that the company remains very well positioned|
|25 Feb 2015 St James's Place PLC STJ Shore Capital Buy 935.00 892.00 - - Reiterates|
|The "strong performance continues" at St James's Place, according to Berenberg, after 2014 results from the wealth management group topped forecasts on Wednesday.
The broker reiterated a 'buy' recommendation and 950p target price for the shares, saying: "With an ever-widening savings and advice gap in the UK, coupled with the opportunity for St James's Place to export its business model to ex-pat communities, we believe that the company remains very well positioned."|
|Panmure Gordon have upgraded price target to around 1057 this morning|
|25 Feb 2015 St James's Place PLC STJ Berenberg Buy 939.25 892.00 950.00 950.00 Reiterates|
|Great results. Commitment to bigger div going forward. Tempted to take profit but can only see this business getting stronger. Nice problem to have. Will be interested to see revised broker targets. 1000p not far away now.|
its the oxman