St. James’s Place plc (LON:STJ) declared a dividend on Wednesday, February 27th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, April 4th will be given a dividend of GBX 29.73 ($0.39) per share on Friday, May 24th. This represents a dividend yield of 3.04%. The ex-dividend date of this dividend is Thursday, April 4th. This is an increase from St. James’s Place’s previous dividend of $18.49. The official announcement can be viewed at this link.
Shares of St. James’s Place stock traded down GBX 8 ($0.10) on Friday, hitting GBX 1,113.50 ($14.55). The stock had a trading volume of 1,496,022 shares, compared to its average volume of 1,790,000. The company has a market capitalization of $5.87 billion and a P/E ratio of 34.37. The company has a debt-to-equity ratio of 39.33, a current ratio of 1.47 and a quick ratio of 1.40. St. James’s Place has a twelve month low of GBX 905.60 ($11.83) and a twelve month high of GBX 1,246 ($16.28).
A number of analysts have weighed in on STJ shares. Deutsche Bank downgraded shares of St. James’s Place to a “hold” rating and set a GBX 1,090 ($14.24) target price for the company. in a research report on Monday, January 7th. UBS Group reissued a “neutral” rating and set a GBX 950 ($12.41) target price (down previously from GBX 1,050 ($13.72)) on shares of St. James’s Place in a research report on Monday, January 7th. JPMorgan Chase & Co. decreased their target price on shares of St. James’s Place from GBX 1,299 ($16.97) to GBX 1,226 ($16.02) and set an “overweight” rating for the company in a research report on Tuesday, January 8th. Barclays decreased their target price on shares of St. James’s Place from GBX 1,359 ($17.76) to GBX 1,203 ($15.72) and set an “overweight” rating for the company in a research report on Monday, January 14th. Finally, Royal Bank of Canada decreased their target price on shares of St. James’s Place from GBX 1,120 ($14.63) to GBX 1,000 ($13.07) and set a “sector performer” rating for the company in a research report on Tuesday, January 15th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company. St. James’s Place has a consensus rating of “Buy” and a consensus target price of GBX 1,195 ($15.61).
St. James’s Place Company Profile
St. James's Place plc is a publicly owned investment manager. The firm launches and manages equity, fixed income, and balanced mutual funds for its clients. It invests in public equity and fixed income market across the globe. The firm was formerly known as St. James's Place Capital plc. St.
Further Reading: What is a balanced fund?
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