St. James’s Place Cancels 238,005 Shares After Buyback

St. James’s Place ( (GB:STJ) ) has provided an update.

St. James’s Place plc has repurchased 238,005 of its own 15 pence ordinary shares on 13 April 2026 through Morgan Stanley & Co. International at prices ranging between 1,250.5p and 1,274.5p, with an average price of 1,260.4764p per share. The company plans to cancel these shares, reducing the total number of ordinary shares in issue to 521,022,831, a new figure that investors and other stakeholders will use as the reference denominator for regulatory disclosure and transparency reporting.

The cancellation of the repurchased shares modestly shrinks St. James’s Place’s share capital, which can enhance earnings per share and signal ongoing capital management discipline. The updated share count also clarifies the base for calculating ownership thresholds, helping shareholders and market participants comply with UK disclosure rules while tracking changes in significant holdings and voting power.

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 group listed on the London Stock Exchange. It provides financial advice, investment management and related services to retail and high-net-worth clients, focusing on long-term savings, retirement planning and wealth preservation in the UK market.

Average Trading Volume: 2,897,543

Technical Sentiment Signal: Buy

Current Market Cap: £6.46B

Learn more about STJ stock on TipRanks’ Stock Analysis page.