You are here: Home - Investing - Experienced Investor - News -

Stock of the week: St James’s Place

0
Written by: YourMoney.com
16/04/2018
Graham Spooner, investment research analyst at The Share Centre, picks UK wealth management business, St James’s Place as stock of the week.

This week’s stock of the week is FTSE-100 listed wealth manager St James’s Place (STJ). The firm offers bespoke advice to individuals, trustees and businesses through a network of around 3,500 qualified advisors.

Headquartered in Gloucestershire, the business has 20 regional offices throughout the UK along with recently acquired offices in China and Hong Kong. Recently positioning itself as an international business, its growth is showing no signs of slowing. The group is expected to benefit further from the growing middle class in Asia and the Rowan Dartington business may enhance its position at home.

Full-year results in February were well received and exceeded expectations with funds under management rising 20.5% to £90.7bn and pre-tax profit up 32% to £186.1m. With cash flow also growing at a good rate the company raised the final dividend by 33%, making 42.86 pence for the year. The prospective dividend yield of 5.1% is also good and income growth continues to be very attractive.

The group is well positioned to benefit from the increased demand for financial advice on individual savings; this, combined with an expansion in business into Asian markets, offers investors a solid platform to capitalise from. We continue to recommend the shares as a ‘buy’ for investors willing to accept a medium risk.

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

Which ISA is right for you? A round up of the six products available in 2017

From cash to innovative finance to lifetime, here's our guide to the ISA products available to savers this yea...

Guide to buy-to-let tax changes

In late 2015, former Chancellor George Osborne announced a range of  tax measures aimed at landlords, which t...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Five fund tips for a 0.25% interest rate environment

With interest rates stuck at a record low 0.25% and expectations rates could fall to close to zero, here are ...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Investing your money

Alliance Trust Plc gives you smart insight into how to invest your money

Money Tips of the Week

Read previous post:
saving for a house
The areas where homes earn more than their owners

One in five areas of the UK have seen average house prices increase by more than the property owner’s salary...

Close