In the context of a research note on St.James Place issued on Wednesday analysts at Panmure Gordon wrote that they believe that Lloyds will look to place at least a 10 per cent stake in the wealth management firm in the first couple of weeks of December. That comes after the "lock-in" period for Lloyds expired, ahead of the Thanksgiving holiday and what with the City 'clocking off' mid-December and the close period looming in January. In Panmure Gordon's opinion, it is anticipation of such an event which has seen shares of St.James underperform the life sector by around 6% since November 1st despite excellent third quarter sales figures. "Once any placing is out of the way we anticipate that the growth prospects and low valuation of the business will come back into focus and see the share price rallying strongly," it said. As of 15:47 shares of Lloyds were higher by 2.56% and those of St.James by 0.64%.AB