St. James's Place PLC
STJ
ISIN GB0007669376 / Valor 516114
St. James's Place PLC
UMushroom community rating:
About company
St. James's Place PLC is a wealth management company that provides financial planning and investment services to individuals and businesses.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (21.12.2024):
Net Income Growth
St. James's Place PLC reported an 8% increase in net income to £324.8 million for the six months ending 30 June 2024, compared to £299.6 million in the same period of 2023. This growth was driven by a strong increase in funds under management and contributions from gestation balances that matured during the period.
European Embedded Value
The European Embedded Value (EEV) operating profit before exceptional items for St. James's Place PLC was £545.9 million for the period ending 30 June 2024. This represents a decrease due to changes in the charging structure, which impacted the contribution from new business and the value of in-force business.
Solvency and Capital Position
As of 30 June 2024, St. James's Place PLC maintained a strong solvency position with a Group solvency ratio of 188%, up from 151% in the same period of 2023. The surplus assets over the management solvency buffer were £711.2 million, reflecting cash generation exceeding dividend payments.
Dividend and Shareholder Returns
St. James's Place PLC declared an interim dividend of 6.00 pence per share for 2024, alongside an interim share buyback of £32.9 million. This is part of their strategy to return 50% of the full-year underlying cash result to shareholders, with the balance returned through share buybacks.
Funds Under Management
For the six months ending 30 June 2024, St. James's Place PLC reported total funds under management of £181.9 billion, up from £157.5 billion in the same period of 2023. The increase was supported by gross inflows of £8.5 billion and net inflows of £1.9 billion during the period.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
5822 M
Market cap (USD)
251,783
Daily traded volume (Shares)
8.705 / 8.59
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
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Ratings & reviews
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