9 May 2019 11:07
Senior roles at risk as Charles Stanley looks to streamline business
(Sharecast News) - Wealth manager Charles Stanley has announced plans to cut senior management roles as it looks to streamline the business.
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Thu, 16th Jun 2016 15:27
(ShareCast News) - Cannacord Genuity lowered its target price on the shares of Charles Stanley and lowered its recommendation from 'buy' to 'hold' after the broker announced it would likely take between 12 to 18 months longer than originally anticipated (by the year to 31 March 2020) to reach its target of 15.0% for operating margins.In particular, analysts Salvatore Caruso, Bill Barnard and James Ash highlighted how resolving the issue of variable compensation for its investment managers still held the key to unlocking value.Nonetheless, they described Charles Stanley's 2016 results as "resilient" given the impact of market conditions on Funds Under Management and Administration, with profit before tax printing ahead of their estimates.Even so, the analysts pared their estimates for the firm on the back of the delay in reaching the 15% operating margin target and lower revenue yields.Their earnings per share estimates for 2017 and 2018 were cut to 11.7p and 21.6p, or by 40% and 28%, respectively.Canaccord also reduced its one-year forward multiple for Charles Stanley's shares from 17.5 to 13.0 to reflect slower profit growth. It was also a reflection of the risk factors specific to the broker.When combined with Canaccord's new estimate for fiscal year 2018 EPS of 21.6p, that multiple yielded the new 12-month target price of 280p (previously 340p).
More News
6 Mar 2019 16:51
Charles Stanley Group Raises Oxford Metrics Stake To Over 10% (ALLISS)
LONDON (Alliance News) - Financial software firm Oxford Metrics PLC said on Wednesday Charles Stanley Group PLC has boosted its stake by 4%.In a transaction Tuesday, Charles Stanley upped a
Read more23 Nov 2018 14:21
DIRECTOR DEALINGS: Charles Stanley Chief Executive Purchases Shares
LONDON (Alliance News) - Charles Stanley Group PLC said Chief Executive Officer Paul Abberley acquired shares in the investment management company in a transaction on Friday.Abberley bought
Read more23 Nov 2018 13:13
Friday broker round-up
(Sharecast News) - Kingfisher: Goldman Sachs downgrades to neutral with a target price of 270p.
Read more22 Nov 2018 12:07
Charles Stanley Interim Profit Drops But Managed Funds Increase
LONDON (Alliance News) - Charles Stanley Group PLC on Thursday reported a drop in interim profit but the wealth manager increased its funds under management and upped its dividend the six months a
Read more24 Jul 2018 13:28
Charles Stanley funds under management up 4.6% in first quarter
(Sharecast News) - Charles Stanley posted a jump in first-quarter funds under management on Tuesday, driven by a positive market performance.
Read more24 Jul 2018 13:17
Tuesday broker round-up
(Sharecast News) - Britvic: Shore Capital Markets downgrades to hold.
Read more13 Jun 2018 09:49
Charles Stanley Hikes Dividend By Third As Revenue Rises In Full-Year
LONDON (Alliance News) - Charles Stanley Group PLC on Wednesday raised its dividend following strong revenue and profit growth in its recently ended financial year.Charles Stanley lifted by
Read more22 Mar 2018 18:10
Charles Stanley Holds 5.0% Interest In Portmeirion (ALLISS)
LONDON (Alliance News) - Portmeirion Group PLC said on Thursday that Charles Stanley Group PLC now holds a 5.01% interest in the company in a transaction on has not been what
Read more24 Nov 2016 08:50
8 Sep 2016 11:16
Charles Stanley sells Luke Street lease for £5.6m
(ShareCast News) - Investment management company Charles Stanley has sold its long lease in Shoreditch for £5.6m as part of an office consolidation. The firm exchanged contracts for the sale of the 35 Luke Street property's lease on Thursday and the proceeds will offset the one-off costs involved in
Read more30 Aug 2016 11:57
16 Jun 2016 17:08
Broker tips: Charles Stanley, Playtech, Berkeley Group
(ShareCast News) - Cannacord Genuity lowered its target price on the shares of Charles Stanley and lowered its recommendation from 'buy' to 'hold' after the broker announced it would likely take between 12 to 18 months longer than originally anticipated (by the year to 31 March 2020) to reach its ta
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