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magazineSt James’s Place continues to impress
St James’s Place (SJP) £11.12
Gain to date: 44.5%
Original entry point: Buy at 769.5p, 7 July 2016
Wealth manager St James’s Place (STJ) is going from strength to strength, with another record quarter seeing net inflows up 46% to just under £2bn. This brings its group funds under management to £79.84bn in the first quarter of the year.
The company is a favourite of various analysts, with Numis saying it continues to hold it in ‘high regard’ and Shore Capital adding that its model is ‘flourishing’.
Analyst Panmure Gordon is so smitten it has added the company to its Q2 2017 Conviction List of top picks, with the wealth manager’s Q1 results ‘simply reinforcing that view’.
Keep buying. (DS)
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