Barclays reiterated their overweight rating on shares of St. James’s Place (LON:STJ – Free Report) in a report published on Wednesday, Marketbeat Ratings reports. They currently have a GBX 700 ($8.79) price objective on the stock.
A number of other brokerages have also recently issued reports on STJ. JPMorgan Chase & Co. dropped their target price on shares of St. James’s Place from GBX 793 ($9.96) to GBX 637 ($8.00) and set a neutral rating for the company in a research report on Friday, March 1st. Royal Bank of Canada cut shares of St. James’s Place to a sector perform rating and set a GBX 500 ($6.28) price objective on the stock. in a research note on Friday, March 22nd. Citigroup upgraded shares of St. James’s Place to a buy rating in a research note on Thursday, February 29th. Finally, Berenberg Bank reduced their target price on St. James’s Place from GBX 850 ($10.68) to GBX 750 ($9.42) and set a buy rating on the stock in a report on Monday, March 11th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average price target of GBX 646.75 ($8.12).
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St. James’s Place Stock Performance
St. James’s Place Cuts Dividend
The business also recently disclosed a dividend, which will be paid on Friday, May 24th. Shareholders of record on Thursday, April 25th will be given a GBX 8 ($0.10) dividend. This represents a yield of 1.29%. The ex-dividend date of this dividend is Thursday, April 25th. St. James’s Place’s payout ratio is presently -120,000.00%.
Insiders Place Their Bets
In related news, insider Mark FitzPatrick acquired 436 shares of the company’s stock in a transaction that occurred on Monday, March 25th. The stock was purchased at an average price of GBX 452 ($5.68) per share, for a total transaction of £1,970.72 ($2,475.47). Insiders own 0.75% of the company’s stock.
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.
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