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

• Market Cap: £7.92B
• Dividend Yield: 1.06%
• Average Volume (3M): 1.77M
• Price to Earnings (P/E): 16.4
• Beta (1Y): 1.88
• Revenue Growth: -36.55%
• EPS Growth: N/A
• Country: UK
• Employees: 3,334
• Sector: Financial
• Sector Strength: 70
• Industry: Financial - Conglomerates
• EPS (TTM): 0.45
• Shares Outstanding: 527,166,140
• 10 Day Avg. Volume: 1,517,398
• 30 Day Avg. Volume: 1,774,475
• PEG Ratio: >-0.01
• Price to Book (P/B): 3.72
• Price to Sales (P/S): 0.18
• P/FCF Ratio: -7.13
• 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: £1,685.17
• Price Target Upside: 11.12% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 8
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 62 Neutral
• Price Target: 1,646.00p ▲(8.54% Upside)

The score reflects a solid technical uptrend and a positive operating narrative from the latest earnings call (strong inflows, record FUM, improving underlying cash result). Offsetting these positives, financial performance is held back by volatile results and notably weak/uneven cash generation, while valuation is only moderately attractive given the low dividend yield.

Positive Factors

High and growing FUM and net inflows

Record FUM and materially stronger net inflows are durable drivers for a fee-based wealth manager: higher assets under management expand recurring management fee revenue and scale fund administration economics, supporting sustainable top-line and operating leverage over months to years.

Strong adviser network and client retention

A high adviser-engagement model and >95% client retention indicate a sticky distribution moat. Persistent adviser relationships reduce churn, preserve recurring fees, and lower acquisition cost, supporting predictable revenue and long-term client lifetime value for the business.

Moderate leverage and rebound in ROE

Moderate debt levels (D/E ~0.49) combined with a strong ROE rebound (~31%) provide financial flexibility to invest in growth or support buybacks. This balance sheet positioning improves resilience versus highly leveraged peers and helps sustain strategic initiatives over multiple years.

Negative Factors

Weak and volatile cash generation

Materially negative operating and free cash flow in 2024 and prior large outflows indicate inconsistent cash conversion. This volatility constrains reinvestment, dividend/buyback sustainability and increases funding risk if market flows weaken, undermining long-term financial stability.

Volatile revenue and thin net margins

A business that shows shrinking revenue and low net margins reduces earnings resilience through economic cycles. Thin margins limit the firm's ability to absorb increased costs or pricing pressure, making profitability and dividends more sensitive to market shocks over the medium term.

Execution and regulatory risk from charging changes

Implementing a new charging structure and revising provision methodology (influenced by FCA guidance) pose multi-month execution and regulatory risks. Disruption could affect adviser behavior, client flows and future provisioning, introducing structural uncertainty into revenue and cash outcomes.

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

Financial quality is mixed. The balance sheet is relatively solid with moderate leverage (debt-to-equity ~0.49) and a strong profitability rebound in 2024 (ROE ~31%), but revenue/earnings are volatile and cash generation is a clear weakness with materially negative operating and free cash flow in 2024.

Income Statement

Revenue has been volatile, including a decline in 2024 (down 3.6%) after modest growth in 2023, which limits confidence in the growth trajectory. Profitability is mixed: net income returned to a solid profit in 2024 after a small loss in 2023, but net margins remain thin (about 1.5% in 2024) versus stronger levels earlier in the period. Operating profitability also looks inconsistent year-to-year, suggesting earnings quality and underlying performance can swing materially.

Balance Sheet

Leverage appears moderate with debt-to-equity around 0.49 in 2024 (and generally in a mid-range historically), which provides balance sheet flexibility. Equity has grown versus 2023, and returns on equity are strong in 2024 (about 31%), rebounding from negative levels in 2023. The key weakness is variability in shareholder returns across years, indicating that profitability (and therefore balance sheet strength) may be sensitive to business/market conditions.

Cash Flow

Cash generation is a clear weak spot recently: operating cash flow and free cash flow were both materially negative in 2024, following another large cash outflow in 2022, pointing to inconsistent cash conversion. While there were strong cash inflows in 2021 and positive operating cash flow in 2023, the pattern is lumpy and raises risk around the sustainability of distributions and reinvestment capacity. Overall, cash flow volatility detracts from financial quality despite occasional strong years.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	17.02B	25.86B	18.89B	-7.48B	17.76B	8.08B
Gross Profit	3.20B	25.86B	2.72B	-21.25B	2.50B	2.13B
EBITDA	974.00M	0.00	496.30M	49.40M	890.10M	457.90M
Net Income	512.60M	398.40M	-10.10M	406.80M	286.70M	262.00M
Balance Sheet
Total Assets	203.80B	194.88B	172.29B	151.64B	155.65B	129.79B
Cash, Cash Equivalents and Short-Term Investments	370.10M	5.66B	285.40M	6.43B	7.83B	6.72B
Total Debt	401.60M	624.00M	371.90M	280.40M	557.10M	474.60M
Total Liabilities	202.43B	193.60B	171.31B	150.38B	154.53B	128.68B
Stockholders Equity	1.37B	1.27B	983.40M	1.26B	1.12B	1.11B
Cash Flow
Free Cash Flow	384.30M	-664.40M	-3.50M	-1.07B	1.41B	-150.90M
Operating Cash Flow	384.80M	-655.70M	18.60M	-1.05B	1.43B	-124.10M
Investing Cash Flow	-12.60M	-17.00M	-35.20M	232.50M	-25.10M	-49.20M
Financing Cash Flow	-470.40M	132.30M	-209.50M	-580.50M	-231.60M	-179.80M

St. James's Place Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1516.50
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• 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 Positive. The current price of 1516.5 is above the 20-day moving average (MA) of 1488.85, above the 50-day MA of 1420.09, and above the 200-day MA of 1260.93, indicating a bullish trend. The MACD of 32.50 indicates Negative momentum. The RSI at 58.17 is Neutral, neither overbought nor oversold. The STOCH value of 74.10 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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	£7.30B	9.70	22.59%	2.99%	6.00%	-24.29%
SDR	77 Outperform	£7.15B	20.01	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	£515.29M	7.10	14.70%	4.39%	-7.52%	50.23%
PHNX	67 Neutral	£7.56B	-11.89	-49.24%	7.48%	-34.62%	-19.20%
STJ	62 Neutral	£7.92B	16.37	41.51%	1.06%	-36.55%	―
MNG	61 Neutral	£7.36B	-126.06	-1.53%	7.09%	9.86%	-134.41%

St. James's Place Corporate Events

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.

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

St. James’s Place plc has announced its total voting rights and capital as of October 31, 2025. The company’s issued share capital consists of 527,060,010 ordinary shares, each with voting rights, and no shares are held in Treasury. This information is crucial for shareholders to determine their notification requirements under the FCA’s Disclosure Guidance and Transparency Rules.

The most recent analyst rating on (GB:STJ) stock is a Buy with a £1590.00 price target. To see the full list of analyst forecasts on St. James’s Place stock, see the GB:STJ Stock Forecast page.