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St. James's Place
(LSE:STJ)
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Rating:61Neutral
Price Target:
1,224.00 p
▲(3.20% Upside)
Action:Reiterated
Date:07/30/26
The score is driven primarily by mixed financial quality (good recent profitability and growth, but meaningful earnings and cash-flow volatility) and clearly bearish price trend signals (below 20/50/100/200-day averages). These negatives are partially offset by a relatively low P/E valuation and a generally constructive earnings call emphasizing record FUM, positive inflows, and improving H2 profit expectations (subject to normal markets).
Positive Factors
Record funds and positive inflows
Record funds under management and continued positive net inflows demonstrate substantial client asset scale and ongoing demand for the company’s advice-led proposition. Because fees are linked to retained assets, this supports recurring revenue capacity and provides a stronger base for future operating leverage.
Negative Factors
Unreliable cash-flow conversion
Large reversals in operating and free cash flow indicate that reported earnings do not consistently translate into dependable cash generation. This can complicate capital planning and reduce the company’s ability to fund investment, distributions, or growth initiatives from internally generated cash.
Read all positive and negative factors
Positive Factors
Negative Factors
Record funds and positive inflows
Record funds under management and continued positive net inflows demonstrate substantial client asset scale and ongoing demand for the company’s advice-led proposition. Because fees are linked to retained assets, this supports recurring revenue capacity and provides a stronger base for future operating leverage.
Read all positive factors
St. James's Place (STJ) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£5.80B
Dividend Yield1.55%
Average Volume (3M)3.30M
Price to Earnings (P/E)10.7
Beta (1Y)1.86
Revenue Growth164.23%
EPS Growth13.81%
CountryUK
Employees2,859
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)1.08
Shares Outstanding512,060,360
10 Day Avg. Volume2,410,968
30 Day Avg. Volume3,300,128
Financial Highlights & Ratios
PEG Ratio0.37
Price to Book (P/B)4.98
Price to Sales (P/S)0.24
P/FCF Ratio6.90
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£1,644.44Price Target Upside38.65% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering9
EPS Forecast (FY)0.84
Revenue Forecast (FY)£2.69B
St. James's Place Business Overview & Revenue Model
Company Description
St. James's Place plc functions as a publicly traded entity specializing in investment management. This firm is responsible for creating and administering a variety of mutual funds for its clientele, encompassing equity, fixed income, and diversif...
How the Company Makes Money
St. James’s Place makes money primarily by charging fees on client assets and providing related wealth management services through its advice-led distribution model.
1) Ongoing management and administration fees on client assets (recurring revenu...
St. James's Place Earnings Call Summary
Earnings Call Date:Jul 29, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Mar 04, 2027
Earnings Call Sentiment Positive
The call presented a largely constructive commercial and operational picture: record FUM, solid gross flows, positive net inflows, high client retention, strong Academy contribution, and continued heavy investment in adviser proposition and technology. Headwinds are present but moderate—adviser retention slipped slightly, net flows remain modest (2%–3% of opening FUM), case sizes declined, and competition/consolidation create execution risk. Management is optimistic about transitioning into a growth (Amplify) phase, expects productivity and adviser growth to drive future performance, and retains an ambition to double adjusted profits by 2030. Overall, the positive metrics and strategic progress outweigh the challenges noted, though outcomes remain sensitive to market conditions.Positive Updates
Record Funds Under Management
FUM reached a record GBP 240.8 billion, up with average FUM for H1 2026 18% higher versus prior period.
Negative Updates
Adviser Retention Slightly Weaker
Partner retention reported at 90% in the period versus 91% in 2025 (a 1 percentage point decline, representing roughly ~50 advisers), reflecting normal market churn and some planned exits of underperforming advisers.
Read all updates
Q2-2026 Updates
Positive
Negative
Record Funds Under Management
FUM reached a record GBP 240.8 billion, up with average FUM for H1 2026 18% higher versus prior period.
Read all positive updates
Company Guidance
Management reiterated that, assuming normal markets H2 2026 profits should be above H2 2025 and restated the medium‑term ambition to double adjusted profits from 2023 to 2030; H1 stats included GBP 2.7bn net inflows, record FUM GBP 240.8bn (average FUM +18% YoY), gross flows GBP 10.5bn, Polaris Multi‑Index at GBP 4.6bn and Flagstone ≈GBP 5.9bn. Adviser metrics: partner retention ~90% (91% in 2025), adviser numbers +0.3% in H1 with planned low‑single‑digit growth from 2027, the Academy/ recruitment pipeline supplying a large share of new advisers, case volumes +9% YoY (case size down ~10%), client retention 95.4% for the half (outflows 6.7% of average FUM, down from 6.9%), and management said advisers retain roughly 80% of advice fees (including ~55bps of the 80bps ongoing element under the new charging structure). Guidance on flows: net flows are running around 2–3% of opening FUM with the expectation of pushing above 3% as productivity (Amplify) and adviser growth scale, and the group is investing over GBP 260m in the adviser/client proposition.St. James's Place Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
63
Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 44.88B | 30.16B | 25.97B | 19.01B | -11.80B | 18.03B |
| Gross Profit | 23.84B | 3.85B | 3.26B | 2.84B | 1.94B | 2.77B |
| EBITDA | 1.81B | 1.31B | 1.04B | 418.90M | -2.60M | 864.60M |
| Net Income | 562.50M | 531.10M | 398.40M | -10.10M | 406.80M | 286.70M |
Balance Sheet | ||||||
| Total Assets | 246.48B | 224.87B | 194.88B | 172.29B | 151.64B | 155.65B |
| Cash, Cash Equivalents and Short-Term Investments | 416.60M | 329.60M | 5.66B | 285.40M | 6.43B | 7.83B |
| Total Debt | 515.50M | 543.10M | 624.00M | 371.90M | 280.40M | 557.10M |
| Total Liabilities | 244.92B | 223.16B | 193.60B | 171.31B | 150.38B | 154.53B |
| Stockholders Equity | 1.56B | 1.48B | 1.27B | 983.40M | 1.26B | 1.12B |
Cash Flow | ||||||
| Free Cash Flow | 560.20M | 1.07B | -664.40M | -3.50M | -1.07B | 1.41B |
| Operating Cash Flow | 561.50M | 1.07B | -655.70M | 18.60M | -1.05B | 1.43B |
| Investing Cash Flow | -7.00M | -8.40M | -17.00M | -35.20M | 232.50M | -25.10M |
| Financing Cash Flow | -283.90M | -535.50M | 132.30M | -209.50M | -580.50M | -231.60M |
St. James's Place Technical Analysis
Negative
1186.00
Price Trends
1155.81
Positive
1174.51
Negative
1252.78
Negative
Market Momentum
6.81
Positive
50.25
Neutral
26.66
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:STJ, the sentiment is Negative. The current price of 1186 is above the 20-day moving average (MA) of 1172.08, above the 50-day MA of 1155.81, and below the 200-day MA of 1252.78, indicating a neutral trend. The MACD of 6.81 indicates Positive momentum. The RSI at 50.25 is Neutral, neither overbought nor oversold. The STOCH value of 26.66 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:STJ.
St. James's Place Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | £7.75B | 15.57 | 13.86% | 1.92% | -3.16% | -29.27% | |
75 Outperform | £9.07B | 13.30 | 15.55% | 3.76% | 17.81% | 93.71% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
61 Neutral | £5.80B | 10.74 | 37.02% | 1.55% | 164.23% | 13.81% | |
55 Neutral | £8.51B | -77.53 | -3.86% | 5.74% | 67.89% | -87.40% |
* Financial Sector Average
GB:STJ
St. James's Place
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-31.80
-2.67%
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GB:SDR
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228.94
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GB:MNG
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St. James's Place Corporate Events
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
St. James’s Place Reduces Share Count Through September Buybacks
Positive
Sep 7, 2026
St. James’s Place plc has continued its share buyback programme, purchasing a total of around 1.65 million ordinary shares between 1 and 4 September 2026 on the London Stock Exchange and other trading venues. The transactions were executed t...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
St. James’s Place Cancels Newly Repurchased Shares, Updates Share Count
Positive
Sep 1, 2026
St. James’s Place plc has continued its share buyback programme, repurchasing a series of ordinary shares between 24 and 28 August 2026 on the London Stock Exchange and other trading venues. The purchases were executed through Morgan Stanley...
Regulatory Filings and Compliance
St. James’s Place Confirms Total Voting Rights at Over 513 Million Shares
Neutral
Sep 1, 2026
St. James’s Place plc reported that as of 28 August 2026 its issued share capital comprised 513,589,741 ordinary shares of 15p each, all carrying voting rights and with no shares held in treasury. This establishes a clear total of 513,589,74...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
St. James’s Place Cuts Share Count with Latest Buyback Tranche
Positive
Aug 24, 2026
St. James’s Place plc has continued its share buyback programme, purchasing a total of 1,490,??? ordinary shares of 15 pence each between 17 and 21 August 2026 on the London Stock Exchange and multilateral trading facilities through Morgan S...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
St. James’s Place Cuts Share Count Through August Buybacks
Positive
Aug 17, 2026
St. James’s Place plc has continued its share buyback programme, purchasing a series of tranches of its own ordinary shares between 10 and 14 August 2026 on the London Stock Exchange and other trading venues. The transactions were carried ou...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
St. James’s Place Cancels Over One Million Shares in Ongoing Buyback Programme
Positive
Aug 10, 2026
St. James’s Place plc has continued its recently announced share repurchase programme, buying back more than one million ordinary shares on the London Stock Exchange and multilateral trading facilities between 3 and 7 August 2026 through Mor...
Regulatory Filings and Compliance
St. James’s Place Confirms Total Voting Rights and Share Capital
Neutral
Aug 3, 2026
St. James’s Place plc has confirmed that, as of 31 July 2026, its issued share capital comprises 517,495,853 ordinary shares of 15p each, all carrying voting rights, with no shares held in treasury. This disclosure sets the official total of...
Business Operations and StrategyStock Buyback
St. James’s Place Launches £128 Million Share Buy-back to Cut Capital
Positive
Aug 3, 2026
St. James’s Place has launched a new share buy-back programme to repurchase its ordinary shares with a maximum consideration of £128.1 million, running from 3 August 2026 to no later than 16 October 2026. The stated purpose of the progr...
Regulatory Filings and Compliance
St. James’s Place Director Evelyn Bourke Buys Shares in Wealth Manager
Positive
Jul 31, 2026
St. James’s Place plc has disclosed a share transaction involving non-executive director Evelyn Bourke, in line with UK Market Abuse Regulation requirements. Bourke purchased 2,374 ordinary shares in the company on 31 July 2026 on the London...
Business Operations and StrategyStock BuybackDividendsFinancial Disclosures
St. James’s Place posts record assets and solid H1 profits amid strong advice demand
Positive
Jul 29, 2026
St. James’s Place reported a solid first-half performance for 2026, underscoring the resilience of its advice-led wealth management model in a complex economic and regulatory environment. Demand for trusted financial advice remained strong a...
Private Placements and FinancingRegulatory Filings and Compliance
St. James’s Place Admits New Shares for Employee Schemes
Neutral
Jul 1, 2026
St. James’s Place plc has issued 7,500 new ordinary shares of 15 pence each, which have been admitted to trading on the Main Market of the London Stock Exchange. Following this admission, the total number of the company’s ordinary shar...
Regulatory Filings and Compliance
St. James’s Place Confirms Share Capital and Voting Rights
Neutral
Jul 1, 2026
St. James’s Place plc has confirmed that its issued share capital as of 30 June 2026 comprises 517,495,853 ordinary shares of 15p each, all carrying voting rights, and that it holds no shares in treasury. This sets the total number of voting...
Business Operations and StrategyFinancial DisclosuresRegulatory Filings and Compliance
St. James’s Place Overhauls Reporting Framework for Clearer IFRS-Aligned Disclosure
Positive
Jun 18, 2026
St. James’s Place has introduced a simplified financial reporting framework that will apply from its 2026 half‑year results, aiming to deliver clearer and more transparent disclosure aligned with its business model and IFRS standards. ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.