St. James's Place (LON:STJ) Releases Quarterly Earnings Results

Key Points

• St. James's Place reported earnings of GBX 52 ($0.69) per share for the quarter, with a negative return on equity of 0.63% and a negative net margin of 0.02%.
• The company's stock saw a 0.3% decline, trading at GBX 1,305 ($17.24) with a market cap of £7.06 billion.
• Analyst ratings have been optimistic, with major firms increasing their price targets and issuing buy ratings, including Deutsche Bank raising their target to GBX 1,750 ($23.12).

St. James's Place (LON:STJ - Get Free Report) posted its earnings results on Thursday. The company reported GBX 52 ($0.69) earnings per share for the quarter, Digital Look Earnings reports. St. James's Place had a negative net margin of 0.02% and a negative return on equity of 0.63%.

St. James's Place Price Performance

Shares of LON STJ traded down GBX 3.51 ($0.05) during midday trading on Tuesday, reaching GBX 1,349.49 ($17.94). The company's stock had a trading volume of 1,461,458 shares, compared to its average volume of 4,839,581. The company has a current ratio of 0.60, a quick ratio of 3.85 and a debt-to-equity ratio of 55.10. St. James's Place has a one year low of GBX 675.50 ($8.98) and a one year high of GBX 1,363 ($18.12). The company has a market cap of £7.30 billion, a price-to-earnings ratio of -1,131.07, a price-to-earnings-growth ratio of 1.10 and a beta of 1.23. The company has a 50 day moving average price of GBX 1,159.67 and a 200 day moving average price of GBX 1,056.94.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Royal Bank Of Canada boosted their price target on shares of St. James's Place from GBX 1,025 ($13.62) to GBX 1,075 ($14.29) and gave the stock a "sector perform" rating in a research note on Monday, July 14th. Deutsche Bank Aktiengesellschaft increased their price objective on St. James's Place from GBX 1,200 ($15.95) to GBX 1,750 ($23.26) and gave the stock a "buy" rating in a research report on Monday, July 28th. JPMorgan Chase & Co. reiterated an "overweight" rating and issued a GBX 1,410 ($18.74) price target on shares of St. James's Place in a research report on Tuesday, July 8th. Finally, Citigroup boosted their target price on shares of St. James's Place from GBX 1,210 ($16.08) to GBX 1,400 ($18.61) and gave the company a "buy" rating in a report on Thursday, July 10th.

About St. James's Place

We plan, grow and protect the financial futures of over one million clients across the UK by providing holistic advice-led wealth management, delivered exclusively by the Partnership, our group of more than 4,900 highly skilled advisers. We offer an integrated client proposition, through which we provide financial advice, investment product wrappers such as pensions, investment bonds and ISAs, and offer our own range of investment funds and portfolios.