St. James's Place (STJ) AI Stock Analysis

• Market Cap: £6.57B
• Dividend Yield: 1.06%
• Average Volume (3M): 1.77M
• Price to Earnings (P/E): 12.7
• Beta (1Y): 1.81
• Revenue Growth: -36.55%
• EPS Growth: N/A
• Country: UK
• Employees: 3,334
• Sector: Financial
• Sector Strength: 70
• Industry: Financial - Conglomerates
• EPS (TTM): 0.36
• Shares Outstanding: 526,994,140
• 10 Day Avg. Volume: 1,517,398
• 30 Day Avg. Volume: 1,774,475
• PEG Ratio: 0.37
• Price to Book (P/B): 4.98
• Price to Sales (P/S): 0.24
• P/FCF Ratio: 6.90
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: £1,673.80
• Price Target Upside: 32.00% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 8
• EPS Forecast (FY): 0.82
• Revenue Forecast (FY): £766.31M

• Rating: 61 Neutral
• Price Target: 1,417.00p ▲(11.75% Upside)
• Action: Reiterated Date: 02/26/26
• Date: Action: Reiterated 02/26/26

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.

Positive Factors

Scale & recurring fee model

A large asset base (c.£220bn FUM) and ~1m clients underpin durable recurring management fees and diversified revenue streams. Scale supports distribution via the adviser network, spreads fixed costs, and provides resilience to earnings through steady fee accruals across market cycles.

Product traction — Polaris Multi‑Index

Rapid adoption of a new in-house product (Polaris to £1bn in two months) shows strong product-market fit and adviser distribution execution. A scalable, lower-cost fund offering can expand the client proposition, support long-run fee growth and improve margins if retention stays high.

Cost program and capital policy

A clear £100m annual cost-reduction target plus a formal 70% payout target signal disciplined cost control and capital allocation. If delivery is sustained, this strengthens operating leverage, supports repeatable shareholder returns and evidences management focus on structural efficiency gains.

Negative Factors

Inconsistent cash generation

Operating cash flow has shown large swings across recent years, reflecting working-capital and timing sensitivity. This reduces the reliability of internally generated cash to fund dividends, buybacks and provisions in down markets, increasing dependence on market conditions and capital management execution.

Historic review & elevated complaints

An unresolved historic service evidence review and elevated complaints create regulatory, financial and operational overhang. Although material provisions have been released, the program runs through 2026 and could produce residual liabilities, remediation costs and reputational distraction.

Adviser attrition & competitive threat

A small adviser headcount decline and heightened competition from direct-to-consumer and AI-led entrants threaten the adviser-centric distribution model. Structural shifts in acquisition dynamics or persistent adviser attrition could reduce new business flow and pressure long-term fee growth.

St. James's Place Business Overview & Revenue Model

Company Description

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. James's Place plc was founded in 1991 and is based in Cirencester, United Kingdom.

How the Company Makes Money

St. James's Place makes money primarily through the management of client funds and the provision of financial advice. The company charges fees based on the value of the assets under management (AUM), which include initial charges, annual management fees, and other advisory fees. Revenue is also generated from the performance of investment funds managed by the company. STJ benefits from its extensive network of independent advisers and partnerships, which help in acquiring new clients and expanding its AUM. Additionally, the company earns from offering various insurance and banking services. The long-term relationships and trust built with clients contribute significantly to its earnings by ensuring consistent inflow and retention of client assets.

St. James's Place Financial Statement Overview

Summary

Strong recent revenue growth and a return to profitability in 2024–2025 support the score, but multi-year volatility (including a 2023 loss and uneven cash generation with negative years) reduces confidence in earnings and cash-flow reliability. Balance sheet leverage appears moderate on a debt-to-equity basis, though the large asset base relative to equity adds sensitivity typical of financial firms.

Income Statement

Revenue has expanded strongly in the last two years (2025 up ~77%, 2024 modestly up), and profitability improved versus the 2023 loss, with 2025 delivering ~£0.53B in net income. However, results have been volatile across the period (including a net loss in 2023 and abnormal 2022 revenue/profit presentation), and operating profitability appears sensitive year-to-year, which reduces confidence in stability.

Balance Sheet

Leverage looks moderate with debt below equity in recent years (debt-to-equity generally ~0.2–0.5), and equity has grown from ~£1.11B (2020) to ~£1.48B (2025). That said, the company operates with a very large asset base relative to equity (high balance-sheet leverage typical of financial firms), so earnings and capital can be more exposed to market/operating swings despite manageable stated debt.

Cash Flow

Cash generation is inconsistent: operating cash flow was very strong in 2021 (~£1.43B) and again in 2025 (~£1.07B) with similarly strong free cash flow, but it swung meaningfully negative in 2022 and 2024. The sharp rebound in 2025 is a clear positive, but the history of large reversals suggests working-capital/timing sensitivity and weaker cash-flow reliability than the income statement alone implies.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	30.17B	25.86B	18.89B	-7.48B	17.76B
Gross Profit	30.17B	25.86B	2.72B	-21.25B	2.50B
EBITDA	1.39B	0.00	496.30M	49.40M	890.10M
Net Income	531.10M	398.40M	-10.10M	406.80M	286.70M
Balance Sheet
Total Assets	224.87B	194.88B	172.29B	151.64B	155.65B
Cash, Cash Equivalents and Short-Term Investments	6.18B	5.66B	285.40M	6.43B	7.83B
Total Debt	543.10M	624.00M	371.90M	280.40M	557.10M
Total Liabilities	223.16B	193.60B	171.31B	150.38B	154.53B
Stockholders Equity	1.48B	1.27B	983.40M	1.26B	1.12B
Cash Flow
Free Cash Flow	1.07B	-664.40M	-3.50M	-1.07B	1.41B
Operating Cash Flow	1.07B	-655.70M	18.60M	-1.05B	1.43B
Investing Cash Flow	-8.40M	-17.00M	-35.20M	232.50M	-25.10M
Financing Cash Flow	-535.50M	132.30M	-209.50M	-580.50M	-231.60M

St. James's Place Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1268.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:STJ, the sentiment is Negative. The current price of 1268 is below the 20-day moving average (MA) of 1331.15, below the 50-day MA of 1407.29, and below the 200-day MA of 1290.31, indicating a bearish trend. The MACD of -33.59 indicates Negative momentum. The RSI at 40.27 is Neutral, neither overbought nor oversold. The STOCH value of 53.64 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:STJ.

St. James's Place Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BEZ	82 Outperform	£7.60B	10.79	22.59%	2.99%	6.00%	-24.29%
SDR	76 Outperform	£9.07B	17.18	8.30%	5.37%	4.78%	-4.86%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
IPF	67 Neutral	£539.45M	9.91	14.70%	4.39%	-7.52%	50.23%
PHNX	67 Neutral	£7.45B	-11.73	-49.24%	7.48%	-34.62%	-19.20%
STJ	61 Neutral	£6.57B	12.69	41.51%	1.06%	-36.55%	―
MNG	61 Neutral	£7.18B	-123.20	-1.53%	7.09%	9.86%	-134.41%

St. James's Place Corporate Events

St. James’s Place lifts payouts after robust 2025 as assets hit record high

St. James’s Place reported a robust 2025 performance, with post-tax underlying cash result up 3% to £462.3 million, earnings per share up 6%, and IFRS profit after tax rising 33% to £531.4 million, supported by record funds under management of £220 billion. The group highlighted strong inflows, the successful rollout of a simpler charging structure, progress on its historic ongoing service evidence review, and the launch of new Polaris Multi-Index funds, underscoring the strength of its advice-led Partnership model and its efforts to improve efficiency and client offering.

Shareholder distributions rose markedly, with total returns related to the 2025 financial year reaching £313.3 million via dividends and expanded share buy-backs, including amounts released from provisions tied to the service evidence review. Reflecting confidence in its financial and operational trajectory, the board has accelerated its capital return plans, committing from 2026 to distribute 70% of underlying cash result through a mix of ordinary dividends and buy-backs, a move that signals a more shareholder-friendly payout policy while the company continues to reposition itself in a changing UK wealth management and regulatory environment.

The most recent analyst rating on (GB:STJ) stock is a Hold with a £1375.00 price target. To see the full list of analyst forecasts on St. James’s Place stock, see the GB:STJ Stock Forecast page.

St. James’s Place appoints former Bupa CEO Evelyn Bourke to board

St. James’s Place plc has appointed former Bupa group chief executive Evelyn Bourke as an independent non-executive director, effective 1 March 2026, adding her to both the Group Audit Committee and Group Remuneration Committee. Bourke brings extensive financial services and governance experience from senior roles at firms such as Friends Life, Standard Life and Bupa, as well as current non-executive positions at Marks & Spencer Group and Admiral Group, a move likely to strengthen St. James’s Place’s oversight, strategic capabilities and board-level expertise in transformation and risk management.

The most recent analyst rating on (GB:STJ) stock is a Hold with a £1646.00 price target. To see the full list of analyst forecasts on St. James’s Place stock, see the GB:STJ Stock Forecast page.

St. James’s Place Confirms Total Voting Rights at 527.2 Million Shares

St. James’s Place plc reported that as of 30 January 2026 its issued share capital comprises 527,166,135 ordinary shares of 15p each, all carrying voting rights, with no shares held in treasury. This announcement confirms the company’s total voting rights, providing shareholders and market participants with the denominator needed to assess and disclose any notifiable holdings or changes in interests under the UK Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.

The most recent analyst rating on (GB:STJ) stock is a Buy with a £1950.00 price target. To see the full list of analyst forecasts on St. James’s Place stock, see the GB:STJ Stock Forecast page.

St. James’s Place Hits Record £220bn Assets on Strong Inflows and Investment Gains

St. James’s Place reported a strong 2025 performance, with gross inflows rising 19% to £21.9 billion and a high retention rate of 94.9% driving a 42% increase in net inflows to £6.2 billion. Combined with robust investment returns equivalent to 12.4% of opening funds under management, total assets under management reached a record £220.0 billion, up 16% year-on-year. Management said the Autumn Budget uncertainty boosted demand for advice, while the new, simpler charging structure was successfully embedded, contributing to elevated client engagement in the third quarter and a temporary slowdown early in the fourth. The firm also noted short‑term, tax-driven pension outflows as clients brought forward tax‑free cash withdrawals, but said outflows and engagement had normalised by late Q4 and into early 2026. With progress on historic service evidence reviews and its cost and efficiency programme, SJP positions these results as reinforcing its strategy to strengthen the business and extend its leadership in the UK wealth management market.

The most recent analyst rating on (GB:STJ) stock is a Hold with a £1350.00 price target. To see the full list of analyst forecasts on St. James’s Place stock, see the GB:STJ Stock Forecast page.

St. James’s Place Confirms Total Voting Rights at Year-End 2025

St. James’s Place plc has confirmed that as of 31 December 2025 its issued share capital comprised 527,112,135 ordinary shares of 15 pence each, all carrying voting rights, with no shares held in treasury. This total represents the company’s full voting rights base and serves as the reference figure shareholders must use when assessing whether their holdings trigger disclosure obligations under the UK Financial Conduct Authority’s transparency rules, reinforcing the firm’s compliance with market reporting standards and providing clarity for investors on capital structure and reporting thresholds.

The most recent analyst rating on (GB:STJ) stock is a Hold with a £1462.00 price target. To see the full list of analyst forecasts on St. James’s Place stock, see the GB:STJ Stock Forecast page.

St. James’s Place Announces Total Voting Rights and Capital Update

St. James’s Place plc has announced its total voting rights and capital, revealing an issued share capital of 527,072,260 ordinary shares with voting rights as of November 28, 2025. This update is in line with the Disclosure Guidance and Transparency Rule 5.6.1, and shareholders can use this figure to determine their notification requirements under FCA rules.

The most recent analyst rating on (GB:STJ) stock is a Buy with a £15.50 price target. To see the full list of analyst forecasts on St. James’s Place stock, see the GB:STJ Stock Forecast page.