St James's Place Price Target Reduced by 18.12% to 1,054.68

November 02, 2023 — 06:58 am EDT

Financial analysts have revised their average one-year price target for St James’s Place (LSE:STJ) to 1,054.68 per share, marking a significant 18.12% decrease from the previous estimate of 1,288.07 on October 4, 2023.

This updated price target represents the consensus among various analyst projections, with individual estimates spanning from a low of 666.60 to a high of 1,890.00 per share. Notably, the new average target price suggests a potential 64.28% upside from the most recent closing price of 642.00 per share.

Dividend Yield and Payout Ratio

St James’s Place currently maintains an attractive dividend yield of 8.29% at the latest share price. The company’s dividend payout ratio stands at 0.81, indicating that 81% of its income is distributed to shareholders as dividends.

A payout ratio between 0.5 and 1.0 is typical for companies with limited growth prospects, as they tend to return a larger portion of their earnings to investors. In contrast, businesses with strong growth potential often retain more earnings for reinvestment, resulting in lower payout ratios ranging from 0 to 0.5.

Institutional Ownership Trends

The financial services firm has attracted interest from 232 institutional investors and funds, reflecting a slight decrease of 3 owners or 1.28% compared to the previous quarter. The average portfolio weight allocated to St James’s Place (STJ) among these institutions is 0.17%, showing a 21.29% reduction.

Total shares held by institutional investors experienced a marginal decline of 0.80% in the last three months, amounting to 60,467,000 shares.

Key Institutional Shareholders

Several prominent funds maintain significant positions in St James’s Place:

These institutional holdings demonstrate the continued interest in St James’s Place among diverse investment portfolios, despite recent adjustments in allocations and overall market sentiment.