St. James’s Place (LON:STJ) Reaches New 1-Year Low at $403.60

St. James’s Place plc (LON:STJ) shares hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 403.60 ($5.02) and last traded at GBX 407.80 ($5.08), with a volume of 164544 shares trading hands. The stock had previously closed at GBX 415.20 ($5.17).

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on STJ. Barclays reiterated an “overweight” rating and issued a GBX 955 ($11.89) price target on shares of St. James’s Place in a report on Thursday, February 29th. Citigroup upgraded shares of St. James’s Place to a “buy” rating in a report on Thursday, February 29th. JPMorgan Chase & Co. lowered their price objective on shares of St. James’s Place from GBX 793 ($9.87) to GBX 637 ($7.93) and set a “neutral” rating on the stock in a research note on Friday, March 1st. Berenberg Bank dropped their target price on shares of St. James’s Place from GBX 850 ($10.58) to GBX 750 ($9.34) and set a “buy” rating for the company in a report on Monday, March 11th. Finally, Royal Bank of Canada downgraded shares of St. James’s Place to a “sector perform” rating and set a GBX 500 ($6.22) target price for the company. in a report on Friday, March 22nd. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of GBX 710.50 ($8.84).

St. James’s Place Price Performance

The company has a debt-to-equity ratio of 37.81, a quick ratio of 3.85 and a current ratio of 1.10. The company’s fifty day simple moving average is GBX 504.50 and its two-hundred day simple moving average is GBX 613.47. The stock has a market capitalization of £2.26 billion, a PE ratio of -20,550.00, a P/E/G ratio of 1.10 and a beta of 1.20.

St. James’s Place Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, May 24th. Shareholders of record on Thursday, April 25th will be issued a dividend of GBX 8 ($0.10) per share. The ex-dividend date of this dividend is Thursday, April 25th. This represents a yield of 1.29%. St. James’s Place’s dividend payout ratio (DPR) is currently -120,000.00%.

Insider Buying and Selling at St. James’s Place

In other news, insider Mark FitzPatrick purchased 436 shares of the stock in a transaction dated Monday, March 25th. The stock was acquired at an average cost of GBX 452 ($5.63) per share, for a total transaction of £1,970.72 ($2,453.28). 0.81% of the stock is currently owned by insiders.

About St. James’s Place

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.