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Polar Capital Holdings PLC (GB:POLR)
LSE:POLR

Polar Capital Holdings (POLR) AI Stock Analysis

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GB:POLR

Polar Capital Holdings

(LSE:POLR)

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Outperform 76 (OpenAI - 5.2)
Rating:76Outperform
Price Target:
715.00p
▲(12.95% Upside)
Action:ReiteratedDate:12/07/25
Polar Capital Holdings scores well due to its strong financial performance and attractive valuation. The company's robust cash flow management and low leverage are significant strengths. Recent corporate events, including record AuM growth and strategic initiatives, enhance its market position. Technical indicators suggest a neutral trend, with no immediate bullish or bearish signals.
Positive Factors
Balance sheet strength
Very low financial leverage and a high equity ratio give the firm durable solvency and flexibility. Strong ROE indicates the business converts equity into profits efficiently, supporting long-term investment, dividend capacity and resilience through market downturns.
Cash generation
Robust free cash flow growth and near‑one conversion of reported earnings into FCF underpin the company’s ability to fund operations, pay dividends and invest in distribution or technology without relying on external financing, strengthening long‑term execution.
Fee‑based AUM growth
A core, recurring fee model tied to rising AUM supports predictable recurring revenue when assets grow. The recent record AuM increase and strategic focus (eg. tech initiatives) can deepen distribution and scale economics, improving fee income durability over time.
Negative Factors
Margin erosion
Material compression in gross and net margins signals either rising costs or fee compression and reduces the firm’s buffer to absorb revenue volatility. Persisting margin deterioration would weaken profitability and constrain reinvestment, dividends and competitive flexibility.
Earnings volatility
Modest revenue growth coupled with negative EPS growth indicates earnings sensitivity to cost, performance fees or client flows. Continued volatility in earnings complicates capital allocation and could impair stakeholder confidence in sustained profit delivery.
AUM sensitivity to markets
Reliance on AUM‑linked fees makes revenue and margins structurally exposed to market swings and net client flows. High historical beta underlines greater business volatility; prolonged market downturns could materially reduce fee income and strain growth initiatives.

Polar Capital Holdings (POLR) vs. iShares MSCI United Kingdom ETF (EWC)

Polar Capital Holdings Business Overview & Revenue Model

Company DescriptionPolar Capital Holdings plc is a publicly owned investment manager. The firm provides its services to professional and institutional investors. It launches and manages equity and balanced mutual funds. The firm also launches and manages hedge funds for its clients. The firm invests in public equity markets across the globe. The firm typically invests in companies in technology, healthcare and financial sectors. Polar Capital Holdings plc was founded in December 2000 and is based in London, United Kingdom with an additional office in Tokyo, Japan.
How the Company Makes MoneyPolar Capital generates revenue primarily through management fees and performance fees charged to its investment funds. Management fees are typically assessed as a percentage of the assets under management (AUM), providing a stable income stream as long as AUM remains constant or grows. Performance fees are earned when the fund's returns exceed a predefined benchmark or hurdle rate, incentivizing the firm to achieve strong investment performance. Additionally, the company benefits from investment advisory and consulting services offered to institutional clients. Strategic partnerships with institutional investors and financial advisors also play a significant role in expanding its client base and enhancing revenue opportunities.

Polar Capital Holdings Financial Statement Overview

Summary
Polar Capital Holdings exhibits a strong financial position with effective cash flow management and low leverage. While revenue and profit margins have faced some pressure, the company maintains healthy operational margins and a solid equity base. The positive cash flow growth and efficient conversion of income into cash are notable strengths, supporting the company's ability to invest in future growth and weather potential market fluctuations.
Income Statement
75
Positive
Polar Capital Holdings shows a stable revenue growth rate of 4.41% in the latest year, indicating a positive trend after previous fluctuations. The gross profit margin has decreased from 88.51% to 47.76%, which is a significant drop, suggesting increased costs or pricing pressures. The net profit margin also decreased to 15.90%, reflecting reduced profitability. However, the EBIT and EBITDA margins remain healthy at 23.34% and 31.12%, respectively, indicating efficient operational management.
Balance Sheet
80
Positive
The company maintains a low debt-to-equity ratio of 0.046, indicating prudent financial leverage. Return on equity is strong at 26.26%, showcasing effective use of equity to generate profits. The equity ratio stands at 61.07%, reflecting a solid equity base relative to total assets, which enhances financial stability.
Cash Flow
70
Positive
Free cash flow growth is robust at 18.74%, indicating improved cash generation capabilities. The operating cash flow to net income ratio is 0.80, suggesting that the company efficiently converts its earnings into cash. The free cash flow to net income ratio is nearly 1, demonstrating that the company effectively translates its profits into free cash flow.
BreakdownTTMMar 2024Mar 2023Mar 2022Mar 2021Mar 2020
Income Statement
Total Revenue235.30M222.11M197.25M185.10M219.42M218.45M
Gross Profit92.81M106.07M174.59M160.39M187.52M201.24M
EBITDA70.96M69.11M58.53M53.71M67.70M77.84M
Net Income39.10M35.31M40.79M35.61M48.92M62.72M
Balance Sheet
Total Assets196.96M220.13M217.62M241.68M249.85M255.73M
Cash, Cash Equivalents and Short-Term Investments161.43M180.53M146.33M190.02M198.91M193.87M
Total Debt0.006.15M7.51M9.26M3.14M4.36M
Total Liabilities70.74M85.68M81.72M98.83M93.61M104.29M
Stockholders Equity126.21M134.44M135.90M142.85M156.25M151.44M
Cash Flow
Free Cash Flow56.09M63.85M41.66M49.21M66.64M91.50M
Operating Cash Flow56.12M64.02M41.91M49.70M67.19M91.66M
Investing Cash Flow14.87M3.91M13.11M-19.91M-39.02M-20.05M
Financing Cash Flow-50.27M-45.44M-62.92M-39.94M-51.78M-28.32M

Polar Capital Holdings Technical Analysis

Technical Analysis Sentiment
Positive
Last Price633.00
Price Trends
50DMA
600.94
Positive
100DMA
565.86
Positive
200DMA
506.43
Positive
Market Momentum
MACD
9.73
Positive
RSI
53.77
Neutral
STOCH
58.21
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:POLR, the sentiment is Positive. The current price of 633 is above the 20-day moving average (MA) of 632.05, above the 50-day MA of 600.94, and above the 200-day MA of 506.43, indicating a bullish trend. The MACD of 9.73 indicates Positive momentum. The RSI at 53.77 is Neutral, neither overbought nor oversold. The STOCH value of 58.21 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:POLR.

Polar Capital Holdings Peers Comparison

Overall Rating
UnderperformOutperform
Sector (68)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
76
Outperform
£606.27M5.6831.19%8.73%7.71%-7.39%
74
Outperform
£962.37M8.257.11%2.70%-4.38%
72
Outperform
£1.49B4.199.75%9.91%-28.89%-12.14%
68
Neutral
$18.00B11.429.92%3.81%9.73%1.22%
64
Neutral
£155.77M11.479.72%21.31%-15.65%-12.27%
62
Neutral
£167.62M11.9816.48%17.93%-16.53%-44.15%
50
Neutral
£440.83M-2.86-14.23%33.10%
* Financial Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
GB:POLR
Polar Capital Holdings
633.00
236.66
59.71%
GB:ASHM
Ashmore Group PLC
225.80
88.52
64.48%
GB:IPX
Impax Asset Management
138.40
-23.74
-14.64%
GB:IPO
IP Group plc
49.90
12.00
31.66%
GB:JUP
Jupiter Fund Management Plc
188.80
114.24
153.20%
GB:LIO
Liontrust Asset Management
255.00
-87.08
-25.46%

Polar Capital Holdings Corporate Events

Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Polar Capital Cancels 20,000 Shares in Ongoing Buyback, Updates Voting Rights
Positive
Mar 5, 2026

Polar Capital Holdings has continued to execute its previously announced share buyback programme, repurchasing 20,000 ordinary shares of 2.5 pence each on 5 March 2026 through Deutsche Numis at prices between 634p and 643p, with a volume-weighted average price of 639.7710p. The company plans to cancel the repurchased shares, reducing its issued ordinary share capital to 100,951,153 shares, which will also become the new total voting rights figure for investors calculating disclosure thresholds under UK transparency rules.

The latest transaction reflects Polar Capital’s ongoing efforts to manage its capital structure and return surplus capital to shareholders, a practice closely watched by investors seeking signals on management’s confidence in the business and valuation. By tightening the share count and clarifying the updated voting rights position, the move may enhance earnings per share over time and provides clearer guidance for stakeholders on regulatory reporting obligations in line with FCA disclosure requirements.

The most recent analyst rating on (GB:POLR) stock is a Buy with a £750.00 price target. To see the full list of analyst forecasts on Polar Capital Holdings stock, see the GB:POLR Stock Forecast page.

Stock BuybackRegulatory Filings and Compliance
Polar Capital Cancels Newly Repurchased Shares as Buyback Trims Share Capital
Positive
Mar 4, 2026

Polar Capital has continued to execute its previously announced share buyback programme, repurchasing 6,054 ordinary shares on 4 March 2026 via Deutsche Numis at prices between 626p and 639p, with a volume-weighted average price of 634.2085p. The repurchased shares will be cancelled, reducing the company’s issued share capital to 100,971,153 ordinary shares and setting the new total voting rights at that level, a move that marginally enhances earnings per share and may signal confidence in the firm’s valuation to investors.

The adjustment to the share count provides an updated denominator for shareholders assessing disclosure thresholds under the FCA’s transparency rules, while reinforcing Polar Capital’s ongoing commitment to returning capital to shareholders through market buybacks. The detailed trade information disclosed under market abuse regulations underscores regulatory compliance and offers investors transparency on execution quality and pricing within the buyback activity.

The most recent analyst rating on (GB:POLR) stock is a Buy with a £753.00 price target. To see the full list of analyst forecasts on Polar Capital Holdings stock, see the GB:POLR Stock Forecast page.

Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Polar Capital cancels 30,000 shares in latest buyback tranche
Positive
Mar 3, 2026

Polar Capital Holdings has continued to execute its share buyback programme, repurchasing 30,000 ordinary shares on 3 March 2026 via Deutsche Numis at prices between 620p and 628p, with a volume-weighted average price of 625.0721p. The repurchased shares will be cancelled, reducing the company’s issued share capital to 100,977,207 ordinary shares and setting the new total voting rights figure that shareholders should use for regulatory disclosure calculations.

The latest tranche of buybacks underscores Polar Capital’s ongoing capital management strategy, which can be supportive of earnings per share and potentially share price over time. For investors and other stakeholders, the updated voting rights total provides a fresh baseline for monitoring significant holdings under the FCA’s Disclosure Guidance and Transparency Rules.

The most recent analyst rating on (GB:POLR) stock is a Buy with a £753.00 price target. To see the full list of analyst forecasts on Polar Capital Holdings stock, see the GB:POLR Stock Forecast page.

Stock BuybackRegulatory Filings and Compliance
Polar Capital Cancels Newly Repurchased Shares, Adjusts Voting Rights
Positive
Mar 2, 2026

Polar Capital Holdings has continued to execute its previously announced share buyback programme, repurchasing 1,858 ordinary shares on 2 March 2026 through Deutsche Numis at prices between 629p and 645p per share. The company plans to cancel these shares, reducing its issued ordinary share capital and leaving total voting rights at 101,007,207, a change that may affect shareholder disclosure thresholds under UK transparency rules.

The latest tranche of buybacks, though modest in size, signals ongoing capital management efforts by Polar Capital and may be interpreted as a vote of confidence in the company’s valuation. By shrinking the share count, the move can incrementally enhance earnings per share and slightly concentrate ownership, with implications for investors tracking their reportable holdings under FCA disclosure requirements.

The most recent analyst rating on (GB:POLR) stock is a Buy with a £739.00 price target. To see the full list of analyst forecasts on Polar Capital Holdings stock, see the GB:POLR Stock Forecast page.

Regulatory Filings and Compliance
Polar Capital Confirms Total Voting Rights at Just Over 101 Million Shares
Neutral
Mar 2, 2026

Polar Capital Holdings has confirmed that, as of the close of business on 27 February 2026, its issued share capital comprises 101,009,065 ordinary shares of 2.5p each, all carrying voting rights. The company holds no shares in treasury, and this total share count will serve as the reference denominator for shareholders assessing whether they must disclose their holdings or changes in interests under the FCA’s transparency rules.

The most recent analyst rating on (GB:POLR) stock is a Buy with a £739.00 price target. To see the full list of analyst forecasts on Polar Capital Holdings stock, see the GB:POLR Stock Forecast page.

Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Polar Capital Cancels 20,000 Shares in Ongoing Buyback Programme
Positive
Feb 27, 2026

Polar Capital Holdings has continued to execute its recently announced share buyback programme, repurchasing 20,000 ordinary shares on 27 February 2026 through Deutsche Numis at prices between 637p and 645p, with a volume-weighted average price of 643.12p. The company plans to cancel the repurchased shares, reducing its share count and leaving total issued ordinary share capital and voting rights at 101,009,065, a move that can enhance earnings per share and slightly increase existing shareholders’ proportional ownership.

The updated voting rights figure provides investors with a new reference point for regulatory disclosure thresholds under the FCA’s Transparency Rules, clarifying when holdings must be reported. The transaction underscores Polar Capital’s ongoing capital management strategy and may signal confidence in its valuation, while offering a modest, indirect capital return to shareholders through the reduction in outstanding equity.

The most recent analyst rating on (GB:POLR) stock is a Buy with a £750.00 price target. To see the full list of analyst forecasts on Polar Capital Holdings stock, see the GB:POLR Stock Forecast page.

Stock BuybackRegulatory Filings and Compliance
Polar Capital Cancels Newly Repurchased Shares Under Ongoing Buyback
Positive
Feb 27, 2026

Polar Capital Holdings has continued to execute its previously announced share buyback programme, repurchasing 6,120 ordinary shares on 26 February 2026 through Deutsche Numis at prices between 636p and 645p, with a volume-weighted average of 639.72p. The repurchased shares will be cancelled, reducing the company’s issued share capital to 101,029,065 ordinary shares and setting the new total voting rights at the same level, which will be used by shareholders for regulatory disclosure calculations.

The buyback and cancellation modestly enhance earnings per share and signal ongoing capital management discipline, potentially supporting valuation and shareholder returns. The detailed disclosure of individual trades under UK market abuse regulations underscores Polar Capital’s compliance with transparency rules and provides investors with granular insight into the execution of the programme.

The most recent analyst rating on (GB:POLR) stock is a Buy with a £741.00 price target. To see the full list of analyst forecasts on Polar Capital Holdings stock, see the GB:POLR Stock Forecast page.

Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Polar Capital Cancels 20,000 Shares in Ongoing Buyback Programme
Positive
Feb 25, 2026

Polar Capital Holdings has continued to execute its previously announced share buyback programme, repurchasing 20,000 ordinary shares on 25 February 2026 through Deutsche Numis at prices between 633p and 638p, with a volume‑weighted average price of 636.20p. The company will cancel the repurchased shares, reducing its issued share capital to 101,035,185 ordinary shares and setting the new total voting rights at the same level, a move that marginally enhances existing shareholders’ proportional ownership and may signal confidence in the firm’s valuation.

The transaction details, including individual trades and prices, were disclosed in line with UK market abuse and transparency regulations, reflecting Polar Capital’s adherence to regulatory requirements for buyback programmes. By steadily shrinking its share base under the ongoing programme, the asset manager continues a capital management strategy that can support earnings per share over time and potentially improve the stock’s appeal to investors focused on capital returns.

The most recent analyst rating on (GB:POLR) stock is a Buy with a £742.00 price target. To see the full list of analyst forecasts on Polar Capital Holdings stock, see the GB:POLR Stock Forecast page.

Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Polar Capital Cancels 22,000 Shares in Ongoing Buyback Programme
Positive
Feb 24, 2026

Polar Capital has continued to execute its recently announced share buyback programme, repurchasing 22,000 ordinary shares on 24 February 2026 through Deutsche Numis at prices between 621p and 630p, with a volume-weighted average price of 625.95p. The company will cancel the repurchased stock, reducing its issued share capital to 101,055,185 shares and setting the new total voting rights at the same level, information that shareholders can use for regulatory disclosure calculations.

The latest tranche of buybacks underscores Polar Capital’s ongoing capital management strategy, which can support earnings per share and signal confidence in the business to investors. By refining its share base and clarifying updated voting rights, the firm provides greater transparency for stakeholders subject to the FCA’s Disclosure Guidance and Transparency Rules, while maintaining orderly execution via its broker Deutsche Numis on AIM.

The most recent analyst rating on (GB:POLR) stock is a Buy with a £742.00 price target. To see the full list of analyst forecasts on Polar Capital Holdings stock, see the GB:POLR Stock Forecast page.

Stock BuybackRegulatory Filings and Compliance
Polar Capital Cancels 23,000 Shares in Ongoing Buyback Programme
Neutral
Feb 23, 2026

Polar Capital has continued to execute its previously announced share buyback programme, repurchasing 23,000 ordinary shares on 23 February 2026 via Deutsche Numis at prices between 618p and 638p, with a volume-weighted average price of 629.4379p. The shares bought back will be cancelled, reducing the company’s share count and leaving 101,077,185 ordinary shares in issue, a change that will affect total voting rights and may influence shareholder disclosure thresholds under UK transparency rules.

The most recent analyst rating on (GB:POLR) stock is a Buy with a £742.00 price target. To see the full list of analyst forecasts on Polar Capital Holdings stock, see the GB:POLR Stock Forecast page.

Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Polar Capital Cancels 17,000 Shares in Ongoing Buyback Programme
Positive
Feb 20, 2026

Polar Capital Holdings has continued to execute its previously announced share buyback programme, repurchasing 17,000 ordinary shares on 20 February 2026 through Deutsche Bank’s Deutsche Numis unit. The shares were bought at prices between 628p and 639p, at a volume-weighted average price of 633.5305p, and will be cancelled, reducing the company’s share count.

Following this latest transaction, Polar Capital’s issued ordinary share capital stands at 101,100,185 shares, which now also represents the total voting rights in the company. The reduced share base may enhance earnings per share and signals ongoing capital management efforts, while providing shareholders with an updated denominator for disclosure obligations under UK transparency rules.

The most recent analyst rating on (GB:POLR) stock is a Buy with a £740.00 price target. To see the full list of analyst forecasts on Polar Capital Holdings stock, see the GB:POLR Stock Forecast page.

Stock BuybackRegulatory Filings and Compliance
Polar Capital cancels 20,000 shares in latest buyback, trims voting rights
Positive
Feb 19, 2026

Polar Capital has continued to execute its previously announced share buyback programme, repurchasing 20,000 ordinary shares on 19 February 2026 through Deutsche Numis at prices between 625p and 638p, with a volume-weighted average price of 634.2119p. The shares will be cancelled, reducing the company’s issued share capital and total voting rights to 101,117,185, a move that marginally enhances existing shareholders’ proportional ownership and may support capital efficiency and earnings per share.

The detailed trade disclosures, made in line with UK market abuse and transparency rules, underline Polar Capital’s adherence to regulatory requirements around market transactions. The updated voting rights figure also provides a new reference point for investors assessing notifiable holdings under FCA Disclosure Guidance and Transparency Rules, ensuring clarity for stakeholders tracking their reporting thresholds.

The most recent analyst rating on (GB:POLR) stock is a Buy with a £736.00 price target. To see the full list of analyst forecasts on Polar Capital Holdings stock, see the GB:POLR Stock Forecast page.

Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Polar Capital cancels 20,000 shares in latest buyback move
Positive
Feb 18, 2026

Polar Capital Holdings has repurchased 20,000 of its 2.5p ordinary shares on 18 February 2026 under its ongoing share buyback programme, at prices between 631p and 637p and a volume-weighted average price of 633.5121p. The shares, bought through Deutsche Numis, will be cancelled, reducing the company’s share count and leaving 101,137,185 ordinary shares in issue, a move that may enhance earnings per share and slightly increase existing shareholders’ voting stakes.

Following this transaction, the total voting rights in Polar Capital now stand at 101,137,185, a key reference figure for investors monitoring disclosure thresholds under FCA transparency rules. The continued execution of the buyback programme underscores management’s commitment to capital returns and suggests confidence in the company’s valuation, with practical implications for liquidity, ownership concentration and regulatory reporting by significant shareholders.

The most recent analyst rating on (GB:POLR) stock is a Buy with a £736.00 price target. To see the full list of analyst forecasts on Polar Capital Holdings stock, see the GB:POLR Stock Forecast page.

Stock BuybackRegulatory Filings and Compliance
Polar Capital cancels 18,408 shares in ongoing buyback
Positive
Feb 17, 2026

Polar Capital Holdings has continued to execute its previously announced share buyback programme, repurchasing 18,408 ordinary shares on 17 February 2026 via Deutsche Bank’s Deutsche Numis arm at prices between 620p and 634p, with a volume-weighted average of 623.4458p. The repurchased shares will be cancelled, reducing the company’s share count to 101,157,185 and maintaining the same number of voting rights, a move that can support earnings per share and signal confidence in the firm’s valuation to investors.

The company detailed the individual trades carried out throughout the trading day on the AIMX venue as part of this buyback activity. By providing granular disclosure of transaction prices and volumes, Polar Capital aligns with regulatory requirements while giving shareholders transparency over capital management actions that may influence liquidity and ownership thresholds under UK disclosure rules.

The most recent analyst rating on (GB:POLR) stock is a Buy with a £736.00 price target. To see the full list of analyst forecasts on Polar Capital Holdings stock, see the GB:POLR Stock Forecast page.

Business Operations and StrategyStock Buyback
Polar Capital cancels 20,000 shares in ongoing buyback programme
Positive
Feb 16, 2026

Polar Capital has continued to execute its previously announced share buyback programme, repurchasing 20,000 ordinary shares on 16 February 2026 at prices between 630p and 635p, with a volume-weighted average price of 633.4012p. The company said the shares, acquired via Deutsche Numis, will be cancelled, reducing its issued share capital and leaving 101,175,593 ordinary shares in issue and voting rights outstanding.

The transaction, which forms part of an ongoing capital management strategy, marginally increases existing shareholders’ proportional ownership and may support earnings per share over time. The updated share count also provides a new reference point for investors assessing disclosure thresholds under UK transparency rules, underlining Polar Capital’s continued use of buybacks as a tool for returning capital to shareholders.

The most recent analyst rating on (GB:POLR) stock is a Buy with a £736.00 price target. To see the full list of analyst forecasts on Polar Capital Holdings stock, see the GB:POLR Stock Forecast page.

Stock BuybackRegulatory Filings and Compliance
Polar Capital Cancels 20,000 Shares in Ongoing Buyback Programme
Positive
Feb 13, 2026

Polar Capital has continued to execute its previously announced share buyback programme, repurchasing 20,000 ordinary shares on 13 February 2026 via Deutsche Numis at prices between 624p and 630p, with a volume-weighted average price of 629.41p. The shares will be cancelled, reducing the company’s issued ordinary share capital to 101,195,593 and setting the new total voting rights at the same level, a move that marginally enhances remaining shareholders’ proportional ownership.

The detailed trade data, disclosed in line with UK market abuse and transparency regulations, underscores Polar Capital’s adherence to regulatory requirements around market transactions and investor notification thresholds. By shrinking its share count and maintaining transparent reporting of buyback activity, the asset manager signals confidence in its valuation while providing clarity for shareholders monitoring their disclosure obligations under FCA rules.

The most recent analyst rating on (GB:POLR) stock is a Buy with a £743.00 price target. To see the full list of analyst forecasts on Polar Capital Holdings stock, see the GB:POLR Stock Forecast page.

Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Polar Capital Cancels 10,000 Shares in Ongoing Buyback Programme
Positive
Feb 12, 2026

Polar Capital has continued its previously announced share buyback programme, repurchasing 10,000 ordinary shares at 630 pence each on 12 February 2026 through Deutsche Numis. The company will cancel these shares, reducing its issued ordinary share capital to 101,215,593 shares, which also becomes the new total voting rights figure used for regulatory disclosure thresholds.

The latest buyback transaction underscores Polar Capital’s ongoing capital management strategy aimed at returning value to shareholders and managing its share capital base. By shrinking the share count and confirming the updated voting rights, the move may marginally enhance earnings per share and provides clearer guidance for investors monitoring their disclosure obligations under UK transparency rules.

The most recent analyst rating on (GB:POLR) stock is a Buy with a £743.00 price target. To see the full list of analyst forecasts on Polar Capital Holdings stock, see the GB:POLR Stock Forecast page.

Regulatory Filings and Compliance
Polar Capital director Win Robbins sells shares ahead of ISA transfer
Neutral
Feb 12, 2026

Polar Capital Holdings said non-executive director Win Robbins has sold 9,985 ordinary shares in the company at an average price of 622.61p per share. The disposal, carried out via two trades on AIM, is described as the first step in transferring her holding between personal ISA account providers, indicating it is an administrative portfolio move rather than a change in board confidence or corporate strategy.

The transaction, which took place on 12 February 2026 and was notified as required for persons discharging managerial responsibilities and their closely associated persons, underscores ongoing compliance with market disclosure rules. While modest in scale relative to typical board holdings, such dealings are closely watched by investors for signals, and the stated ISA-related rationale may help mitigate concerns over insider sentiment toward Polar Capital’s shares.

The most recent analyst rating on (GB:POLR) stock is a Buy with a £743.00 price target. To see the full list of analyst forecasts on Polar Capital Holdings stock, see the GB:POLR Stock Forecast page.

Stock BuybackRegulatory Filings and Compliance
Polar Capital Cancels 30,000 Shares in Ongoing Buyback Programme
Neutral
Feb 11, 2026

Polar Capital has continued to execute its recently announced share buyback programme, repurchasing 30,000 ordinary shares on 11 February 2026 via Deutsche Numis at prices between 615p and 625p, with a volume-weighted average price of 619.09p. The purchased shares will be cancelled, reducing the company’s issued share capital to 101,225,593 shares and setting the new total voting rights at the same level, a change relevant for investors tracking disclosure thresholds under FCA transparency rules.

The most recent analyst rating on (GB:POLR) stock is a Buy with a £743.00 price target. To see the full list of analyst forecasts on Polar Capital Holdings stock, see the GB:POLR Stock Forecast page.

Stock BuybackRegulatory Filings and Compliance
Polar Capital Reduces Share Count Further with Ongoing Buyback
Positive
Feb 10, 2026

Polar Capital Holdings has continued to execute its recently announced share buyback programme, repurchasing 14,906 ordinary shares on 10 February 2026 through Deutsche Numis at prices between 629p and 637p, with a volume-weighted average price of 634.4024p. The company intends to cancel the repurchased shares, reducing its share count and potentially enhancing earnings per share and capital efficiency for investors.

Following this latest transaction, Polar Capital’s issued ordinary share capital stands at 101,255,593 shares, which also represents the total voting rights in the company. The updated figure provides a new baseline for shareholders assessing their holdings under UK disclosure and transparency rules, underscoring the governance and reporting implications of the ongoing buyback activity.

The most recent analyst rating on (GB:POLR) stock is a Buy with a £735.00 price target. To see the full list of analyst forecasts on Polar Capital Holdings stock, see the GB:POLR Stock Forecast page.

Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Polar Capital Cancels Newly Repurchased Shares, Updates Voting Rights
Positive
Feb 9, 2026

Polar Capital Holdings, the London-listed specialist asset manager, is continuing to execute its previously announced share buyback programme, purchasing 14,443 ordinary shares on 9 February 2026 through Deutsche Numis at a volume-weighted average price of 628.66 pence. The repurchased shares will be cancelled, reducing the company’s issued share capital to 101,270,499 ordinary shares and setting the new total voting rights at that level, a move that marginally enhances earnings per share and clarifies the denominator for regulatory disclosure thresholds for shareholders.

The most recent analyst rating on (GB:POLR) stock is a Buy with a £722.00 price target. To see the full list of analyst forecasts on Polar Capital Holdings stock, see the GB:POLR Stock Forecast page.

Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Polar Capital Cancels 25,000 Shares in Ongoing Buyback Programme
Positive
Feb 6, 2026

Polar Capital Holdings has continued executing its recently announced share buyback programme, repurchasing 25,000 ordinary shares on 6 February 2026 via Deutsche Bank’s Deutsche Numis unit at prices between 613p and 624p, with a volume-weighted average price of 621.91p. The repurchased shares will be cancelled, reducing the company’s issued share capital and total voting rights to 101,284,942, a move that marginally enhances earnings per share and may signal management’s confidence in the business to investors while providing an updated base for regulatory disclosure thresholds.

The most recent analyst rating on (GB:POLR) stock is a Buy with a £734.00 price target. To see the full list of analyst forecasts on Polar Capital Holdings stock, see the GB:POLR Stock Forecast page.

Stock Buyback
Polar Capital Cancels 28,000 Shares Under Ongoing Buyback Programme
Positive
Feb 5, 2026

Polar Capital Holdings has continued to execute its previously announced share buyback programme, repurchasing 28,000 ordinary shares on 5 February 2026 through Deutsche Numis at prices between 612p and 630p, with a volume-weighted average price of 622.22p. The company will cancel the repurchased shares, reducing its issued ordinary share capital to 101,309,942 shares and setting the same figure for total voting rights, a change that marginally enhances earnings per share and may support the share price while providing shareholders with an updated denominator for disclosure and transparency reporting requirements.

The most recent analyst rating on (GB:POLR) stock is a Buy with a £735.00 price target. To see the full list of analyst forecasts on Polar Capital Holdings stock, see the GB:POLR Stock Forecast page.

Stock BuybackRegulatory Filings and Compliance
Polar Capital Cancels 15,000 Shares After Latest Buyback Tranche
Positive
Feb 4, 2026

Polar Capital Holdings plc has repurchased 15,000 of its 2.5p ordinary shares on 4 February 2026 under its previously announced share buyback programme, at prices ranging from 626p to 638p and a volume-weighted average price of 634.12p, via Deutsche Bank AG’s Deutsche Numis arm. The shares will be cancelled, reducing the company’s share count to 101,337,942 and fixing total voting rights at that level, a move that marginally enhances earnings per share and may signal confidence in the company’s valuation while providing updated capital and voting-rights information for shareholders subject to UK disclosure rules.

The most recent analyst rating on (GB:POLR) stock is a Buy with a £729.00 price target. To see the full list of analyst forecasts on Polar Capital Holdings stock, see the GB:POLR Stock Forecast page.

Business Operations and StrategyStock Buyback
Polar Capital Cancels Further Shares Under Ongoing Buyback Programme
Positive
Feb 3, 2026

Polar Capital Holdings plc has continued to execute its recently announced share buyback programme, repurchasing 7,042 ordinary shares on 3 February 2026 through Deutsche Bank AG’s Deutsche Numis unit at prices between 629p and 632p per share, with a volume-weighted average price of 631.66p. The repurchased shares will be cancelled, reducing the company’s issued share capital and total voting rights to 101,352,942, a move that marginally enhances earnings per share and may signal management’s confidence in the company’s valuation while providing shareholders with an updated denominator for regulatory disclosure calculations.

The most recent analyst rating on (GB:POLR) stock is a Buy with a £729.00 price target. To see the full list of analyst forecasts on Polar Capital Holdings stock, see the GB:POLR Stock Forecast page.

Stock BuybackRegulatory Filings and Compliance
Polar Capital Cancels Further Shares After Latest Buyback Tranche
Positive
Feb 2, 2026

Polar Capital Holdings has continued to execute its recently announced share buyback programme, repurchasing 7,865 ordinary shares of 2.5p each on 2 February 2026 via Deutsche Bank AG’s London branch, trading as Deutsche Numis, at prices between 613p and 619p per share and a volume-weighted average price of 617.91p. The acquired shares will be cancelled, reducing the company’s issued share capital to 101,359,984 ordinary shares and setting the new total voting rights at that level, a development that marginally enhances remaining shareholders’ proportional ownership and provides an updated base for regulatory disclosure thresholds under UK transparency rules.

The most recent analyst rating on (GB:POLR) stock is a Buy with a £780.00 price target. To see the full list of analyst forecasts on Polar Capital Holdings stock, see the GB:POLR Stock Forecast page.

Regulatory Filings and Compliance
Polar Capital Confirms Total Voting Rights at Just Over 101 Million Shares
Neutral
Feb 2, 2026

Polar Capital Holdings has confirmed that, as of the close of business on 31 January 2026, its issued share capital comprises 101,367,849 ordinary shares of 2.5p each, all of which carry voting rights and none of which are held in treasury. The disclosure, made in line with the FCA’s Disclosure Guidance and Transparency Rules, provides investors with the official denominator for calculating notifiable shareholdings and changes in ownership stakes, ensuring continued transparency around the company’s shareholder base and regulatory reporting obligations.

The most recent analyst rating on (GB:POLR) stock is a Buy with a £689.00 price target. To see the full list of analyst forecasts on Polar Capital Holdings stock, see the GB:POLR Stock Forecast page.

Stock BuybackRegulatory Filings and Compliance
Polar Capital Cancels 23,000 Shares in Ongoing Buyback Programme
Neutral
Jan 30, 2026

Polar Capital Holdings has continued to execute its previously announced share buyback programme, repurchasing 23,000 ordinary shares on 30 January 2026 through Deutsche Bank’s Deutsche Numis arm at prices between 589p and 599p per share, at a volume-weighted average price of 595.74p. The purchased shares will be cancelled, reducing the company’s issued share capital to 101,367,849 ordinary shares and setting the new total voting rights at the same level, a change that affects ownership calculations for investors monitoring their disclosure thresholds under UK transparency rules.

The most recent analyst rating on (GB:POLR) stock is a Buy with a £693.00 price target. To see the full list of analyst forecasts on Polar Capital Holdings stock, see the GB:POLR Stock Forecast page.

Stock Buyback
Polar Capital Cancels 22,000 Shares in Ongoing Buyback Programme
Positive
Jan 29, 2026

Polar Capital Holdings has continued to execute its recently announced share buyback programme, repurchasing 22,000 ordinary shares on 29 January 2026 through Deutsche Bank’s Deutsche Numis unit at prices between 595p and 606p, with a volume-weighted average of 600.76p. The shares acquired under the programme are being cancelled, reducing the company’s issued share capital to 101,390,849 ordinary shares and setting the new total voting rights at the same level, a move that marginally enhances earnings per share and may signal management’s confidence in the company’s valuation while affecting ownership calculations under UK disclosure rules.

The most recent analyst rating on (GB:POLR) stock is a Buy with a £697.00 price target. To see the full list of analyst forecasts on Polar Capital Holdings stock, see the GB:POLR Stock Forecast page.

Stock BuybackFinancial Disclosures
Polar Capital Cancels 22,000 Shares Under Ongoing Buyback Programme
Positive
Jan 29, 2026

Polar Capital Holdings has continued to execute its recently announced share buyback programme, repurchasing 22,000 ordinary shares on 28 January 2026 at prices between 597p and 604p, at a volume-weighted average price of 601.36p per share through Deutsche Numis. The repurchased shares will be cancelled, reducing the company’s issued share capital to 101,412,849 ordinary shares and the same number of voting rights, a move that marginally enhances earnings per share and may signal management’s confidence in the company’s valuation while providing investors with an updated denominator for regulatory disclosure thresholds.

The most recent analyst rating on (GB:POLR) stock is a Buy with a £697.00 price target. To see the full list of analyst forecasts on Polar Capital Holdings stock, see the GB:POLR Stock Forecast page.

Business Operations and StrategyStock Buyback
Polar Capital Cancels 22,000 Shares in Ongoing Buyback Programme
Positive
Jan 27, 2026

Polar Capital Holdings has continued to execute on its recently announced share buyback programme, repurchasing 22,000 ordinary shares on 27 January 2026 through Deutsche Bank’s Deutsche Numis unit at prices between 599p and 605p, with a volume-weighted average price of 602.2p. The shares purchased will be cancelled, reducing the firm’s issued share capital and leaving total voting rights at 101,434,849, a move that marginally enhances ownership stakes for remaining shareholders and underscores ongoing capital management and balance-sheet optimisation efforts.

The most recent analyst rating on (GB:POLR) stock is a Buy with a £705.00 price target. To see the full list of analyst forecasts on Polar Capital Holdings stock, see the GB:POLR Stock Forecast page.

Stock BuybackRegulatory Filings and Compliance
Polar Capital Cancels 22,000 Shares in Ongoing Buyback Programme
Positive
Jan 26, 2026

Polar Capital Holdings has continued to execute its recently announced share buyback programme, repurchasing 22,000 ordinary shares on 26 January 2026 via Deutsche Bank’s Deutsche Numis unit at prices between 605p and 611p, with a volume-weighted average of 606.79p per share. The bought-back shares will be cancelled, reducing the company’s issued share capital to 101,456,849 ordinary shares and setting the same figure as the new total voting rights, a move that marginally enhances earnings per share and may signal management’s confidence in the company’s valuation while providing clarity for shareholders’ disclosure calculations under UK transparency rules.

The most recent analyst rating on (GB:POLR) stock is a Buy with a £709.00 price target. To see the full list of analyst forecasts on Polar Capital Holdings stock, see the GB:POLR Stock Forecast page.

Stock BuybackRegulatory Filings and Compliance
Polar Capital Cancels 22,525 Shares Under Ongoing Buyback Programme
Positive
Jan 23, 2026

Polar Capital Holdings has repurchased 22,525 of its own ordinary shares on 23 January 2026 under the share buyback programme launched on 16 January 2026, at prices between 607p and 612p per share and a volume-weighted average price of 609.82p. The repurchased shares will be cancelled, reducing the company’s issued ordinary share capital to 101,478,849 shares and setting the same figure as the total voting rights, a move that marginally enhances earnings per share and may support the share price while providing shareholders with an updated denominator for transparency and disclosure calculations under FCA rules.

The most recent analyst rating on (GB:POLR) stock is a Buy with a £705.00 price target. To see the full list of analyst forecasts on Polar Capital Holdings stock, see the GB:POLR Stock Forecast page.

Business Operations and StrategyStock Buyback
Polar Capital Cancels 22,000 Shares in Ongoing Buyback Programme
Positive
Jan 22, 2026

Polar Capital Holdings has continued its recently launched share buyback programme, repurchasing 22,000 ordinary shares on 22 January 2026 at prices between 608p and 615p, with a volume-weighted average price of 613.13p per share. The shares bought back through Deutsche Numis will be cancelled, reducing the company’s issued ordinary share capital to 101,501,374 shares and setting the new total voting rights at the same level, a move that marginally enhances earnings per share and may signal management’s confidence in the firm’s valuation while slightly increasing existing shareholders’ relative stakes.

The most recent analyst rating on (GB:POLR) stock is a Buy with a £705.00 price target. To see the full list of analyst forecasts on Polar Capital Holdings stock, see the GB:POLR Stock Forecast page.

Business Operations and StrategyStock Buyback
Polar Capital Cancels 25,000 Shares After Ongoing Buyback on AIM
Positive
Jan 21, 2026

Polar Capital has continued to execute its recently announced share buyback programme, repurchasing 25,000 of its 2.5p ordinary shares on 21 January 2026 via Deutsche Bank’s Deutsche Numis arm at prices between 599p and 622p, with a volume-weighted average price of 607.15p. The shares will be cancelled, reducing the company’s issued share capital and total voting rights to 101,523,374, a move that marginally enhances per-share metrics and signals ongoing capital management aimed at optimising the firm’s equity base for existing shareholders.

The most recent analyst rating on (GB:POLR) stock is a Buy with a £726.00 price target. To see the full list of analyst forecasts on Polar Capital Holdings stock, see the GB:POLR Stock Forecast page.

Business Operations and StrategyStock Buyback
Polar Capital Cancels 20,000 Shares Under Ongoing Buyback Programme
Positive
Jan 21, 2026

Polar Capital Holdings has continued to execute its recently announced share buyback programme, repurchasing 20,000 ordinary shares on 20 January 2026 at prices between 614p and 620p, with a volume-weighted average price of 618.43p. The repurchased shares will be cancelled, reducing the company’s issued share capital to 101,548,374 ordinary shares and setting the new total voting rights at the same level, a move that marginally enhances earnings per share and signals ongoing capital management aimed at returning value to shareholders while tightening the company’s free float.

The most recent analyst rating on (GB:POLR) stock is a Buy with a £726.00 price target. To see the full list of analyst forecasts on Polar Capital Holdings stock, see the GB:POLR Stock Forecast page.

Regulatory Filings and Compliance
Polar Capital CIO Alexander Black Sells 16,000 Shares
Neutral
Jan 20, 2026

Polar Capital Holdings has disclosed that its Chief Investment Officer, Alexander Black, sold 16,000 ordinary shares in the company on 19 January 2026. The disposal, carried out on the London Stock Exchange’s AIM market at prices between 618.3p and 620.0p per share, was formally notified as a transaction by a person discharging managerial responsibilities, in line with regulatory requirements for senior executives’ dealings.

The most recent analyst rating on (GB:POLR) stock is a Buy with a £728.00 price target. To see the full list of analyst forecasts on Polar Capital Holdings stock, see the GB:POLR Stock Forecast page.

Business Operations and StrategyStock Buyback
Polar Capital Launches £15m Share Buyback for 2026
Positive
Jan 16, 2026

Polar Capital Holdings has launched a new share repurchase programme for 2026, authorising buybacks of up to £15 million of its ordinary shares using existing cash resources, with all shares purchased to be cancelled to reduce the company’s share capital. The programme, to be executed independently in the open market by Deutsche Bank AG’s Deutsche Numis unit within previously approved shareholder authorities and regulatory limits, will run from 19 January 2026 until the earlier of 19 July 2026 or when the authorised amount is exhausted, signalling an ongoing commitment to capital return and potential support for earnings per share, though the company cautions there is no guarantee the full amount will be deployed.

The most recent analyst rating on (GB:POLR) stock is a Buy with a £614.00 price target. To see the full list of analyst forecasts on Polar Capital Holdings stock, see the GB:POLR Stock Forecast page.

Business Operations and StrategyStock BuybackFinancial Disclosures
Polar Capital Lifts AuM to £28.4bn and Launches £15m Buyback on Strong Performance Fees
Positive
Jan 16, 2026

Polar Capital reported a 6% rise in assets under management to £28.4bn as of 31 December 2025, driven primarily by £1.7bn of positive market moves and fund performance alongside £149m of net inflows, partially offset by fund closures and capital returned through investment trust corporate actions. Net performance fee profits surged to £16m for the first nine months of the financial year, supporting the board’s decision to launch a £15m share buyback, while the company highlighted that two-thirds of its strategies outperformed benchmarks in a year when most active managers lagged, bolstering its relative competitive position and underpinning management’s confidence in converting an improving client pipeline into durable inflows despite a still-challenging market backdrop for active equity managers.

The most recent analyst rating on (GB:POLR) stock is a Buy with a £614.00 price target. To see the full list of analyst forecasts on Polar Capital Holdings stock, see the GB:POLR Stock Forecast page.

Regulatory Filings and Compliance
Polar Capital COO Gifts 3,719 Shares to Spouse in Notified PDMR Transaction
Neutral
Jan 6, 2026

Polar Capital Holdings has disclosed an off-market transfer of 3,719 ordinary shares in the company by its Chief Operating Officer, Nicholas Farren, to his wife, who is classified as a person closely associated, executed as a gift for nil consideration on 5 January 2026. The transaction, made in compliance with market disclosure rules for senior management dealings, does not change the overall number of shares in issue but provides transparency to investors and regulators regarding the internal shareholdings and personal estate planning of a key executive.

The most recent analyst rating on (GB:POLR) stock is a Buy with a £614.00 price target. To see the full list of analyst forecasts on Polar Capital Holdings stock, see the GB:POLR Stock Forecast page.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Dec 07, 2025