tiprankstipranks
Advertisement
Advertisement

St. James’s Place Buys Back and Cancels 239,345 Shares

Story Highlights
  • St. James’s Place repurchased 239,345 ordinary shares under its ongoing buyback programme.
  • The company will cancel these shares, cutting shares in issue to 521,499,646 and potentially lifting EPS.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
St. James’s Place Buys Back and Cancels 239,345 Shares

Claim 55% Off TipRanks

St. James’s Place ( (GB:STJ) ) just unveiled an announcement.

St. James’s Place plc has repurchased 239,345 of its 15 pence ordinary shares on 9 April 2026 via the London Stock Exchange and multilateral trading facilities, paying an average price of 1,253.4192 pence per share. The transaction forms part of its ongoing share buyback programme conducted through Morgan Stanley & Co. International, under authority previously granted by shareholders.

The company intends to cancel all of the repurchased shares, reducing its total ordinary shares in issue to 521,499,646. This reduction in share capital may enhance earnings per share and slightly consolidate existing shareholders’ relative ownership, while also providing an updated share count for investors and institutions calculating regulatory disclosure thresholds.

The most recent analyst rating on (GB:STJ) stock is a Buy with a £1900.00 price target. To see the full list of analyst forecasts on St. James’s Place stock, see the GB:STJ Stock Forecast page.

Spark’s Take on STJ Stock

According to Spark, TipRanks’ AI Analyst, STJ is a Neutral.

The score is driven primarily by improving financial performance but tempered by volatility in earnings and especially cash flows. The latest earnings call was supportive (higher payout target, consensus beat, product traction and cost-savings plan), while technical indicators are the main drag due to weak near-term momentum. Valuation appears reasonable, with a modest dividend yield.

To see Spark’s full report on STJ stock, click here.

More about St. James’s Place

St. James’s Place plc is a UK-based wealth management firm whose core business includes providing financial advice and investment management services to retail and high-net-worth clients. Listed on the London Stock Exchange, it operates primarily in the UK savings and investments market, focusing on long-term financial planning products and services.

Average Trading Volume: 2,878,599

Technical Sentiment Signal: Buy

Current Market Cap: £6.46B

Find detailed analytics on STJ stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1